2016, MAG 318 Tower
Sold prices and rental history: sold once, by the developer in June 2021, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2016, MAG 318 Tower
What is 2016 worth today?
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Source: Dubai Land Department. Updated 24 August 2025.
Key facts
- Type
- Studio apartment
- Size
- 440 sqft
- Floor
- 20th of 22
- Parking
- B2-73
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 10,100 /yr
- Last sold
- AED 965K · June 2021
- Building
- MAG 318 Tower
About 2016, MAG 318 Tower
2016 is a studio of 440 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 29 June 2021 for AED 965,000, or AED 2,193 per sqft, 10% above the AED 1,995 studios in the building were fetching at the time.
It has been rented continuously since 2021 on 6 Ejari contracts. The current contract, signed on 24 August 2025, is AED 70,000 a year: a gross yield of 7.2% on the 2021 price, before the service charge of about AED 10,100 a year.
Sales and rents for 2016 over time
2016 has sold once; the dashed line is the studio median of each year in the building.
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 2016 sits
All 299 studios →2016 last sold in June 2021 at AED 2,193 per sqft, 10% above what studios in MAG 318 Tower were fetching at the time (AED 1,995). 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. 2016's AED 70,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 3 Feb 20263 February 2026 | 433 sqft | 1,050,000 | 2,425 | ||
| 29 Jan 202629 January 2026 | 432 sqft | 1,000,000 | 2,316 | ||
| 27 Jan 202627 January 2026 | 432 sqft | 1,160,000 | 2,686 | ||
| 23 Dec 202523 December 2025 | 441 sqft | 1,100,000 | 2,495 |
MAG 318 Tower
Building439 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%
Other units on the 20th floor
All 439 units in MAG 318 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2001 | 1-bed | 819 sqft | AED 1.8MAED 1,800,000 · Apr 2025April 2025 | ||
| 2002 | 2-bed | 967 sqft | AED 1.8MAED 1,795,761 · Aug 2021August 2021 | 155,000 /yr | |
| 2003 | Studio | 438 sqft | AED 919KAED 918,683 · Jan 2021January 2021 | 70,000 /yr | |
| 2004 | Studio | 433 sqft | AED 970KAED 970,000 · Sep 2023September 2023 | 52,500 /yr | |
| 2005 | Studio | 432 sqft | AED 930KAED 930,000 · Jul 2023July 2023 | 75,000 /yr | |
| 2006 | Studio | 433 sqft | AED 912KAED 912,405 · Aug 2021August 2021 | 75,000 /yr | |
| 2007 | Studio | 432 sqft | AED 980KAED 980,000 · Dec 2023December 2023 | 80,000 /yr | |
| 2008 | Studio | 433 sqft | AED 933KAED 933,000 · Jan 2021January 2021 | 70,000 /yr | |
| 2009 | 433 sqft | AED 1.02MAED 1,020,000 · Aug 2025August 2025 | 65,000 /yr | ||
| 2010 | Studio | 432 sqft | AED 1.01MAED 1,010,000 · Jun 2021June 2021 | 78,000 /yr | |
| 2011 | Studio | 436 sqft | AED 1.01MAED 1,010,000 · Jun 2021June 2021 | 80,000 /yr | |
| 2012 | 2-bed | 966 sqft | AED 2.03MAED 2,027,430 · Jan 2021January 2021 | 140,000 /yr | |
| 2013 | 1-bed | 982 sqft | AED 2.05MAED 2,050,000 · Dec 2020December 2020 | 135,000 /yr | |
| 2014 | 2-bed | 1,045 sqft | AED 2.3MAED 2,300,000 · Dec 2020December 2020 | 105,000 /yr | |
| 2015 | Studio | 444 sqft | AED 965KAED 965,000 · Jun 2021June 2021 | 65,000 /yr | |
| 2017 | Studio | 441 sqft | AED 934KAED 934,231 · Jan 2021January 2021 | 60,000 /yr | |
| 2018 | Studio | 441 sqft | AED 934KAED 934,231 · Jan 2021January 2021 | 73,000 /yr | |
| 2019 | Studio | 440 sqft | AED 886KAED 886,472 · Nov 2020November 2020 | 67,650 /yr | |
| 2020 | Studio | 441 sqft | AED 907KAED 907,020 · Apr 2020April 2020 | 70,000 /yr | |
| 2021 | Studio | 440 sqft | AED 767KAED 766,979 · Aug 2021August 2021 | 75,000 /yr | |
| 2022 | Studio | 441 sqft | AED 740KAED 740,000 · Aug 2021August 2021 | ||
| 2023 | Studio | 446 sqft | AED 898KAED 897,809 · Jul 2021July 2021 | 80,000 /yr | |
| 2024 | 2-bed | 1,043 sqft | AED 2.11MAED 2,114,610 · Sep 2020September 2020 | 150,000 /yr |
2016, MAG 318 Tower in numbers
- Sold once: by MAG on 29 June 2021 for AED 965,000, or AED 2,193 per sqft.
- Rented since August 2021 on 6 Ejari contracts, from AED 46,000 to AED 70,000 a year.
- At AED 70,000 a year the gross yield on the 2021 price is 7.2%, 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: Dubai Land Department. Updated 24 August 2025.
Questions about 2016, MAG 318 Tower
What did unit 2016 last sell for?
AED 965,000 on 29 June 2021, sold by the developer: AED 2,193 per sqft for 440 sqft. It is the only registered sale of the unit.
What is the rent for unit 2016?
AED 70,000 a year on the contract signed on 24 August 2025. The previous contract, from December 2024, was AED 72,000; the unit has been rented since August 2021.
How big is unit 2016?
440 sqft (40.9 sqm): a studio on the 20th floor of a 22-storey tower completed in 2020.
What is unit 2016 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 2016, MAG 318 Tower
Starts from the last sale price (AED 965K, 29 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 →