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Studio · 438 sqftMAG 318 Tower, Business Bay · 19th floor · completed 2020

1903, MAG 318 Tower

Sold prices and rental history: sold once, by the developer in June 2018, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1903 · DLD and Ejari recordsUpdated 4 April 2025
Last soldAED 774K6 June 2018
Current rentAED 80K /yr4 April 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1903, MAG 318 Tower

What is 1903 worth today?

Last sold for AED 773,517 in 2018

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4 Apr 2025RentedNew contract
AED 80,000/yr12 months · AED 181 per sqft
18 Nov 2024RentedNew contract
AED 85,000/yr12 months · AED 194 per sqft
21 May 2023RentedRenewal
AED 70,000/yr12 months · AED 163 per sqft
21 May 2022RentedNew contract
AED 70,000/yr12 months · AED 163 per sqft
6 Jun 2018Sold by developerOff-plan
AED 773,517AED 1,765 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 4 April 2025.

Key facts

Type
Studio apartment
Size
438 sqft
Floor
19th of 22
Parking
B2-36
Developer
MAG
Completed
2020
Service charge
AED 10,100 /yr
Last sold
AED 774K · June 2018
Building
MAG 318 Tower

About 1903, MAG 318 Tower

1903 is a studio of 438 sqft on the 19th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. The developer sold it on 6 June 2018 for AED 773,517, or AED 1,765 per sqft, in line with the AED 1,790 studios in the building were fetching at the time.

It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, signed on 4 April 2025, is AED 80,000 a year: a gross yield of 10.3% on the 2018 price, before the service charge of about AED 10,100 a year.

Sales and rents for 1903 over time

Sales
Unit 1903, 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, June 2018: AED 773,517 (AED 1,765 per sqft)

1903 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 1903, 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, May 2022: AED 70,000 a yearRenewal, May 2023: AED 70,000 a yearNew contract, November 2024: AED 85,000 a yearNew contract, April 2025: AED 80,000 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 1903 sits

All 299 studios →

1903 last sold in June 2018 at AED 1,765 per sqft, in line with what studios in MAG 318 Tower were fetching at the time (AED 1,790). 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. 1903's AED 80,000 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 19th floor

All 439 units in MAG 318 Tower
Value
19011-bedAED 1.35M · Sep 2021
19022-bedAED 1.88M · Jan 2021
1904StudioAED 809K · Jan 2018
1905StudioAED 760K · Sep 2018
1906StudioAED 1.08M · Dec 2020
1907StudioAED 890K · Jan 2023
1908StudioAED 990K · Jul 2023
1–7 of 23

1903, MAG 318 Tower in numbers

  • Sold once: by MAG on 6 June 2018 for AED 773,517, or AED 1,765 per sqft.
  • Rented since May 2022 on 4 Ejari contracts, from AED 70,000 to AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2018 price is 10.3%, 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 4 April 2025.

Questions about 1903, MAG 318 Tower

What did unit 1903 last sell for?

AED 773,517 on 6 June 2018, sold by the developer: AED 1,765 per sqft for 438 sqft. It is the only registered sale of the unit.

What is the rent for unit 1903?

AED 80,000 a year on the contract signed on 4 April 2025. The previous contract, from November 2024, was AED 85,000; the unit has been rented since May 2022.

How big is unit 1903?

438 sqft (40.7 sqm): a studio on the 19th floor of a 22-storey tower completed in 2020.

What is unit 1903 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 1903, MAG 318 Tower

Starts from the last sale price (AED 774K, 6 June 2018). Switch to today's estimate once you have unlocked it.
Price
AED 773,517
Deposit, UAE resident (20%)
AED 154,703
Deposit, non-resident (40%)
AED 309,407
Monthly over 25 years at 3.7%
AED 3,165

Plus AED 37,498 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →