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Studio · 434 sqftMAG 318 Tower, Business Bay · 5th floor · completed 2020

509, MAG 318 Tower

Sold prices and rental history: sold twice, last in May 2021, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 509 · DLD and Ejari recordsUpdated 21 June 2025
Last soldAED 650K27 May 2021
Current rentAED 80K /yr21 June 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 509, MAG 318 Tower

What is 509 worth today?

Last sold for AED 650,000 in 2021

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21 Jun 2025RentedRenewal
AED 80,000/yr12 months · AED 184 per sqft
21 Jun 2024RentedNew contract
AED 80,000/yr12 months · AED 184 per sqft
11 May 2023RentedNew contract
AED 75,209/yr12 months · AED 173 per sqft
27 May 2021SoldReady
AED 650,000AED 1,498 per sqft
16 Jan 2018Sold by developerOff-plan
AED 787,160AED 1,815 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 21 June 2025.

Key facts

Type
Studio apartment
Size
434 sqft
Floor
5th of 22
Parking
P3-17
Developer
MAG
Completed
2020
Service charge
AED 10,000 /yr
Last sold
AED 650K · May 2021
Building
MAG 318 Tower

About 509, MAG 318 Tower

509 is a studio of 434 sqft on the 5th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. It last sold on 27 May 2021 for AED 650,000, or AED 1,498 per sqft, 22% below the AED 1,932 studios in the building were fetching at the time.

It has been rented since 2023 on 3 Ejari contracts. The current contract, renewed on 21 June 2025, is AED 80,000 a year: a gross yield of 12.3% on the 2021 price, before the service charge of about AED 10,000 a year.

Sales and rents for 509 over time

Sales
Unit 509, 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, January 2018: AED 787,160 (AED 1,815 per sqft)Sold, May 2021: AED 650,000 (AED 1,498 per sqft)

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

Rents
Unit 509, 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 2023: AED 75,209 a yearNew contract, June 2024: AED 80,000 a yearRenewal, June 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 509 sits

All 299 studios →

509 last sold in May 2021 at AED 1,498 per sqft, 22% below what studios in MAG 318 Tower were fetching at the time (AED 1,932). 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. 509'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 5th floor

All 439 units in MAG 318 Tower
Value
5011-bedAED 1.58M · Aug 2024
5022-bedAED 1.59M · Apr 2021
503StudioAED 745K · Nov 2021
504StudioAED 690K · Jun 2021
505StudioAED 787K · Jan 2018
506StudioAED 780K · Mar 2019
507AED 787K · Jan 2019
1–7 of 21

509, MAG 318 Tower in numbers

  • Sold twice: first on 16 January 2018 for AED 787,160, last on 27 May 2021 for AED 650,000 (AED 1,498 per sqft).
  • Rented since May 2023 on 3 Ejari contracts, from AED 75,209 to AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2021 price is 12.3%, 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 21 June 2025.

Questions about 509, MAG 318 Tower

What did unit 509 last sell for?

AED 650,000 on 27 May 2021: AED 1,498 per sqft for 434 sqft. The unit has 2 registered sales; the first was AED 787,160 in January 2018.

What is the rent for unit 509?

AED 80,000 a year on the contract renewed on 21 June 2025. The previous contract, from June 2024, was AED 80,000; the unit has been rented since May 2023.

How big is unit 509?

434 sqft (40.3 sqm): a studio on the 5th floor of a 22-storey tower completed in 2020.

What is unit 509 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 509, MAG 318 Tower

Starts from the last sale price (AED 650K, 27 May 2021). Switch to today's estimate once you have unlocked it.
Price
AED 650,000
Deposit, UAE resident (20%)
AED 130,000
Deposit, non-resident (40%)
AED 260,000
Monthly over 25 years at 3.7%
AED 2,659

Plus AED 32,310 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →