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Studio · 440 sqftMAG 318 Tower, Business Bay · 18th floor · completed 2020

1819, MAG 318 Tower

Sold prices and rental history: sold twice, last in January 2024, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1819 · DLD and Ejari recordsUpdated 6 April 2024
Last soldAED 1.04M22 January 2024
Current rentAED 85K /yr6 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1819, MAG 318 Tower

What is 1819 worth today?

Last sold for AED 1,040,000 in 2024

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6 Apr 2024RentedNew contract
AED 85,000/yr12 months · AED 193 per sqft
22 Jan 2024SoldReady
AED 1,040,000AED 2,364 per sqft
9 Sep 2022RentedNew contract
AED 64,110/yr12 months · AED 146 per sqft
25 Oct 2021Sold by developerReady
AED 740,000AED 1,682 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 6 April 2024.

Key facts

Type
Studio apartment
Size
440 sqft
Floor
18th of 22
Parking
B2-29
Developer
MAG
Completed
2020
Service charge
AED 10,100 /yr
Last sold
AED 1.04M · January 2024
Building
MAG 318 Tower

About 1819, MAG 318 Tower

1819 is a studio of 440 sqft on the 18th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. It last sold on 22 January 2024 for AED 1,040,000, or AED 2,364 per sqft, 9% above the AED 2,174 studios in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 6 April 2024, is AED 85,000 a year: a gross yield of 8.2% on the 2024 price, before the service charge of about AED 10,100 a year.

Sales and rents for 1819 over time

Sales
Unit 1819, each saleTypical studio in MAG 318 Tower
800K1M2017202020232026Typical sale price by year: 2017 AED 776,165; 2018 AED 786,952; 2019 AED 791,701; 2020 AED 877,070; 2021 AED 745,000; 2022 AED 850,000; 2023 AED 947,500; 2024 AED 1,025,000; 2025 AED 1,100,000; 2026 AED 1,050,000Sold by developer, October 2021: AED 740,000 (AED 1,682 per sqft)Sold, January 2024: AED 1,040,000 (AED 2,364 per sqft)

1819 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 1819, each contractTypical studio in MAG 318 Tower
60K80K2021202320252027Typical rent by year: 2021 AED 52,000; 2022 AED 65,000; 2023 AED 70,000; 2024 AED 75,000; 2025 AED 75,908; 2026 AED 80,000New contract, September 2022: AED 64,110 a yearNew contract, April 2024: AED 85,000 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in MAG 318 Tower, and where 1819 sits

All 299 studios →

1819 last sold in January 2024 at AED 2,364 per sqft, 9% above what studios in MAG 318 Tower were fetching at the time (AED 2,174). Over the last 12 months studios sold for AED 1,000,000 to 1,160,000, around AED 2,475 per sqft, and rent for AED 58,000 to 120,000 a year. 1819's AED 85,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
3 Feb 20261,050,000
29 Jan 20261,000,000
27 Jan 20261,160,000
23 Dec 20251,100,000
8 studio sales in the last 12 months

MAG 318 Tower

Building

439 apartments, studios to 2-bed over 22 floors in Business Bay, completed in 2020 by MAG. 10 sold in the last 12 months.

Typical price per sqft
AED 2,457 Up 1.3%
Typical sale
AED 1.09M
Typical rent
AED 85K /yr
Typical yield
6.7%
MAG 318 Tower, Business Bay: prices, sales and rents →

Other units on the 18th floor

All 439 units in MAG 318 Tower
Value
18011-bedAED 1.45M · Feb 2023
1802AED 2.15M · Aug 2025
1803StudioAED 824K · Sep 2020
1804StudioAED 760K · Jun 2019
1805StudioAED 861K · Jun 2022
1806StudioAED 1.08M · Dec 2020
1807StudioAED 1.08M · Dec 2020
1–7 of 23

1819, MAG 318 Tower in numbers

  • Sold twice: first on 25 October 2021 for AED 740,000, last on 22 January 2024 for AED 1,040,000 (AED 2,364 per sqft).
  • Rented since September 2022 on 2 Ejari contracts, from AED 64,110 to AED 85,000 a year.
  • At AED 85,000 a year the gross yield on the 2024 price is 8.2%, before a service charge of about AED 10,100 a year (AED 23.06 per sqft).
  • Studios in MAG 318 Tower sold for AED 1,000,000–1,160,000 in the 12 months to November 2026; the building's median across all types is AED 2,457 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 6 April 2024.

Questions about 1819, MAG 318 Tower

What did unit 1819 last sell for?

AED 1,040,000 on 22 January 2024: AED 2,364 per sqft for 440 sqft. The unit has 2 registered sales; the first was AED 740,000 in October 2021.

What is the rent for unit 1819?

AED 85,000 a year on the contract signed on 6 April 2024. The previous contract, from September 2022, was AED 64,110.

How big is unit 1819?

440 sqft (40.9 sqm): a studio on the 18th floor of a 22-storey tower completed in 2020.

What is unit 1819 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in MAG 318 Tower sold for AED 1,000,000 to 1,160,000 in the last 12 months, around AED 2,475 per sqft.

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Mortgage on 1819, MAG 318 Tower

Starts from the last sale price (AED 1.04M, 22 January 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,040,000
Deposit, UAE resident (20%)
AED 208,000
Deposit, non-resident (40%)
AED 416,000
Monthly over 25 years at 3.7%
AED 4,255

Plus AED 48,690 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →