Studio · 432 sqftMAG 318 Tower, Business Bay · 19th floor · completed 2020

1907, MAG 318 Tower

Sold prices and rental history: sold twice, last in January 2023, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1907 · DLD and Ejari recordsUpdated 18 January 2023
Last soldAED 890K18 January 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1907, MAG 318 Tower

What is 1907 worth today?

Last sold for AED 890,000 in 2023

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18 Jan 2023SoldReady
AED 890,000AED 2,061 per sqft
9 Aug 2021Sold by developerReady
AED 650,000AED 1,505 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 18 January 2023.

Key facts

Type
Studio apartment
Size
432 sqft
Floor
19th of 22
Parking
B2-40
Developer
MAG
Completed
2020
Service charge
AED 10,000 /yr
Last sold
AED 890K · January 2023

About 1907, MAG 318 Tower

1907 is a studio of 432 sqft on the 19th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. It last sold on 18 January 2023 for AED 890,000, or AED 2,061 per sqft, 3% above the AED 1,994 studios in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1907 over time

Sales
Unit 1907, each saleTypical studio in MAG 318 Tower
750K1M2017202020232026Typical 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, August 2021: AED 650,000 (AED 1,505 per sqft)Sold, January 2023: AED 890,000 (AED 2,061 per sqft)

1907 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 1907, 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 80,000

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 1907 sits

All 299 studios →

1907 last sold in January 2023 at AED 2,061 per sqft, 3% above what studios in MAG 318 Tower were fetching at the time (AED 1,994). 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.

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
1903StudioAED 774K · Jun 2018
1904StudioAED 809K · Jan 2018
1905StudioAED 760K · Sep 2018
1906StudioAED 1.08M · Dec 2020
1908StudioAED 990K · Jul 2023
1–7 of 23

1907, MAG 318 Tower in numbers

  • Sold twice: first on 9 August 2021 for AED 650,000, last on 18 January 2023 for AED 890,000 (AED 2,061 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 18 January 2023.

Questions about 1907, MAG 318 Tower

What did unit 1907 last sell for?

AED 890,000 on 18 January 2023: AED 2,061 per sqft for 432 sqft. The unit has 2 registered sales; the first was AED 650,000 in August 2021.

How big is unit 1907?

432 sqft (40.1 sqm): a studio on the 19th floor of a 22-storey tower completed in 2020.

What is unit 1907 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 1907, MAG 318 Tower

Starts from the last sale price (AED 890K, 18 January 2023). Switch to today's estimate once you have unlocked it.
Price
AED 890,000
Deposit, UAE resident (20%)
AED 178,000
Deposit, non-resident (40%)
AED 356,000
Monthly over 25 years at 3.7%
AED 3,641

Plus AED 42,390 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →