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Studio · 444 sqftMAG 318 Tower, Business Bay · 20th floor · completed 2020

2015, MAG 318 Tower

Sold prices and rental history: sold once, by the developer in June 2021, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2015 · DLD and Ejari recordsUpdated 1 August 2022
Last soldAED 965K28 June 2021
Current rentAED 65K /yr1 August 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2015, MAG 318 Tower

What is 2015 worth today?

Last sold for AED 965,000 in 2021

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1 Aug 2022RentedNew contract
AED 65,000/yr12 months · AED 147 per sqft
1 Aug 2021RentedNew contract
AED 47,000/yr12 months · AED 106 per sqft
28 Jun 2021Sold by developerReady
AED 965,000AED 2,172 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 August 2022.

Key facts

Type
Studio apartment
Size
444 sqft
Floor
20th of 22
Parking
B2-72
Developer
MAG
Completed
2020
Service charge
AED 10,200 /yr
Last sold
AED 965K · June 2021
Building
MAG 318 Tower

About 2015, MAG 318 Tower

2015 is a studio of 444 sqft on the 20th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. The developer sold it on 28 June 2021 for AED 965,000, or AED 2,172 per sqft, 9% above the AED 1,993 studios in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, signed on 1 August 2022, is AED 65,000 a year: a gross yield of 6.7% on the 2021 price, before the service charge of about AED 10,200 a year.

Sales and rents for 2015 over time

Sales
Unit 2015, 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 2021: AED 965,000 (AED 2,172 per sqft)

2015 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 2015, 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, August 2021: AED 47,000 a yearNew contract, August 2022: AED 65,000 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 2015 sits

All 299 studios →

2015 last sold in June 2021 at AED 2,172 per sqft, 9% above what studios in MAG 318 Tower were fetching at the time (AED 1,993). 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. 2015's AED 65,000 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 20th floor

All 439 units in MAG 318 Tower
Value
20011-bedAED 1.8M · Apr 2025
20022-bedAED 1.8M · Aug 2021
2003StudioAED 919K · Jan 2021
2004StudioAED 970K · Sep 2023
2005StudioAED 930K · Jul 2023
2006StudioAED 912K · Aug 2021
2007StudioAED 980K · Dec 2023
1–7 of 23

2015, MAG 318 Tower in numbers

  • Sold once: by MAG on 28 June 2021 for AED 965,000, or AED 2,172 per sqft.
  • Rented since August 2021 on 2 Ejari contracts, from AED 47,000 to AED 65,000 a year.
  • At AED 65,000 a year the gross yield on the 2021 price is 6.7%, before a service charge of about AED 10,200 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 1 August 2022.

Questions about 2015, MAG 318 Tower

What did unit 2015 last sell for?

AED 965,000 on 28 June 2021, sold by the developer: AED 2,172 per sqft for 444 sqft. It is the only registered sale of the unit.

What is the rent for unit 2015?

AED 65,000 a year on the contract signed on 1 August 2022. The previous contract, from August 2021, was AED 47,000.

How big is unit 2015?

444 sqft (41.2 sqm): a studio on the 20th floor of a 22-storey tower completed in 2020.

What is unit 2015 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 2015, MAG 318 Tower

Starts from the last sale price (AED 965K, 28 June 2021). Switch to today's estimate once you have unlocked it.
Price
AED 965,000
Deposit, UAE resident (20%)
AED 193,000
Deposit, non-resident (40%)
AED 386,000
Monthly over 25 years at 3.7%
AED 3,948

Plus AED 45,540 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →