404, MAG 318 Tower
Sold prices and rental history: sold once, by the developer in July 2018, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 404, MAG 318 Tower
What is 404 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 5 May 2025.
Key facts
- Type
- Studio apartment
- Size
- 434 sqft
- Floor
- 4th of 22
- Parking
- P3-03
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 10,000 /yr
- Last sold
- AED 780K · July 2018
- Building
- MAG 318 Tower
About 404, MAG 318 Tower
404 is a studio of 434 sqft on the 4th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. The developer sold it on 23 July 2018 for AED 780,000, or AED 1,798 per sqft, in line with the AED 1,796 studios in the building were fetching at the time.
It has been rented since 2021 on 3 Ejari contracts. The current contract, signed on 5 May 2025, is AED 74,000 a year: a gross yield of 9.5% on the 2018 price, before the service charge of about AED 10,000 a year.
Sales and rents for 404 over time
404 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 404 sits
All 299 studios →404 last sold in July 2018 at AED 1,798 per sqft, in line with what studios in MAG 318 Tower were fetching at the time (AED 1,796). 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. 404's AED 74,000 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 4th floor
All 439 units in MAG 318 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 2-bed | 1,257 sqft | AED 1.7MAED 1,700,000 · Sep 2021September 2021 | 155,000 /yr | |
| 402 | Studio | 438 sqft | AED 1.08MAED 1,075,000 · Dec 2020December 2020 | ||
| 403 | Studio | 433 sqft | AED 1.05MAED 1,050,000 · Feb 2026February 2026 | 80,000 /yr | |
| 405 | 1-bed | 869 sqft | AED 1.96MAED 1,955,000 · Dec 2020December 2020 | ||
| 406 | 1-bed | 872 sqft | AED 1.96MAED 1,955,000 · Dec 2020December 2020 | 120,000 /yr | |
| 407 | 1-bed | 876 sqft | AED 1.81MAED 1,810,000 · Apr 2021April 2021 | 120,000 /yr | |
| 408 | 2-bed | 1,602 sqft | AED 1.03MAED 1,025,000 · Jan 2022January 2022 | ||
| 409 | 1-bed | 1,563 sqft | AED 1.85MAED 1,850,962 · Sep 2021September 2021 | 155,000 /yr | |
| 410 | 2-bed | 2,076 sqft | AED 2.25MAED 2,250,000 · Dec 2020December 2020 | 160,000 /yr | |
| 411 | 1-bed | 890 sqft | AED 1.96MAED 1,955,000 · Dec 2020December 2020 | 86,400 /yr | |
| 412 | Studio | 439 sqft | AED 780KAED 780,000 · May 2018May 2018 | 65,000 /yr | |
| 413 | 1-bed | 1,203 sqft | AED 1.52MAED 1,523,090 · Sep 2020September 2020 | 115,500 /yr |
404, MAG 318 Tower in numbers
- Sold once: by MAG on 23 July 2018 for AED 780,000, or AED 1,798 per sqft.
- Rented since October 2021 on 3 Ejari contracts, from AED 60,000 to AED 74,000 a year.
- At AED 74,000 a year the gross yield on the 2018 price is 9.5%, before a service charge of about AED 10,000 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 5 May 2025.
Questions about 404, MAG 318 Tower
What did unit 404 last sell for?
AED 780,000 on 23 July 2018, sold by the developer: AED 1,798 per sqft for 434 sqft. It is the only registered sale of the unit.
What is the rent for unit 404?
AED 74,000 a year on the contract signed on 5 May 2025. The previous contract, from November 2024, was AED 76,787; the unit has been rented since October 2021.
How big is unit 404?
434 sqft (40.3 sqm): a studio on the 4th floor of a 22-storey tower completed in 2020.
What is unit 404 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 404, MAG 318 Tower
Starts from the last sale price (AED 780K, 23 July 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 780,000
- Deposit, UAE resident (20%)
- AED 156,000
- Deposit, non-resident (40%)
- AED 312,000
- Monthly over 25 years at 3.7%
- AED 3,191
Plus AED 37,770 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →