513, MAG 318 Tower
Sold prices and rental history: sold once, by the developer in November 2021, and rented once, from November 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 513, MAG 318 Tower
What is 513 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 20 November 2021.
Key facts
- Type
- 2-bed apartment
- Size
- 1,044 sqft
- Floor
- 5th of 22
- Parking
- P3-21
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 24,100 /yr
- Last sold
- AED 1.85M · November 2021
- Building
- MAG 318 Tower
About 513, MAG 318 Tower
513 is a two-bedroom apartment of 1,044 sqft on the 5th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. The developer sold it on 4 November 2021 for AED 1,850,000, or AED 1,772 per sqft, 18% below the AED 2,152 two-beds in the building were fetching at the time.
One Ejari contract is registered, from 20 November 2021. The current contract, signed on 20 November 2021, is AED 140,000 a year: a gross yield of 7.6% on the 2021 price, before the service charge of about AED 24,100 a year.
Sales and rents for 513 over time
513 has sold once; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in MAG 318 Tower, and where 513 sits
All 73 2-beds →513 last sold in November 2021 at AED 1,772 per sqft, 18% below what two-beds in MAG 318 Tower were fetching at the time (AED 2,152). Over the last 12 months two-beds sold for AED 2,000,000, around AED 2,068 per sqft, and rent for AED 85,000 to 160,000 a year. 513's AED 140,000 is in the upper half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 12 Feb 202612 February 2026 | 967 sqft | 2,000,000 | 2,068 | ||
| 21 Jul 202521 July 2025 | 966 sqft | 2,255,000 | 2,334 | ||
| 11 Apr 202511 April 2025 | 966 sqft | 2,050,000 | 2,122 | ||
| 18 Mar 202518 March 2025 | 1,043 sqft | 2,000,000 | 1,917 |
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 5th floor
All 439 units in MAG 318 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 821 sqft | AED 1.58MAED 1,580,000 · Aug 2024August 2024 | 130,000 /yr | |
| 502 | 2-bed | 967 sqft | AED 1.59MAED 1,590,765 · Apr 2021April 2021 | 125,000 /yr | |
| 503 | Studio | 438 sqft | AED 745KAED 745,000 · Nov 2021November 2021 | ||
| 504 | Studio | 433 sqft | AED 690KAED 690,000 · Jun 2021June 2021 | ||
| 505 | Studio | 432 sqft | AED 787KAED 787,097 · Jan 2018January 2018 | 80,000 /yr | |
| 506 | Studio | 433 sqft | AED 780KAED 780,000 · Mar 2019March 2019 | 70,000 /yr | |
| 507 | 432 sqft | AED 787KAED 787,000 · Jan 2019January 2019 | |||
| 508 | Studio | 433 sqft | AED 775KAED 775,000 · Jul 2018July 2018 | 75,000 /yr | |
| 509 | Studio | 434 sqft | AED 650KAED 650,000 · May 2021May 2021 | 80,000 /yr | |
| 510 | 1-bed | 874 sqft | AED 1.96MAED 1,955,000 · Dec 2020December 2020 | 130,000 /yr | |
| 511 | 2-bed | 967 sqft | AED 2.3MAED 2,300,000 · Dec 2020December 2020 | 100,000 /yr | |
| 512 | 1-bed | 982 sqft | AED 1.65MAED 1,650,000 · Dec 2021December 2021 | 130,000 /yr | |
| 514 | 1-bed | 890 sqft | AED 1.42MAED 1,418,500 · Jun 2019June 2019 | 120,000 /yr | |
| 515 | Studio | 442 sqft | AED 768KAED 767,900 · Dec 2018December 2018 | 80,000 /yr | |
| 516 | Studio | 441 sqft | AED 804KAED 803,500 · May 2019May 2019 | 75,000 /yr | |
| 517 | Studio | 440 sqft | AED 769KAED 768,750 · Apr 2019April 2019 | 69,300 /yr | |
| 518 | Studio | 441 sqft | AED 774KAED 774,441 · Aug 2018August 2018 | 78,000 /yr | |
| 519 | Studio | 440 sqft | AED 1.23MAED 1,225,000 · Jul 2025July 2025 | 84,000 /yr | |
| 520 | Studio | 441 sqft | AED 775KAED 775,330 · Mar 2020March 2020 | ||
| 521 | Studio | 446 sqft | AED 775KAED 774,600 · Jan 2018January 2018 | 60,000 /yr | |
| 522 | 2-bed | 1,042 sqft | AED 1.86MAED 1,856,292 · Jan 2021January 2021 | 135,000 /yr |
513, MAG 318 Tower in numbers
- Sold once: by MAG on 4 November 2021 for AED 1,850,000, or AED 1,772 per sqft.
- Rented since November 2021 on one Ejari contract, at AED 140,000 a year.
- At AED 140,000 a year the gross yield on the 2021 price is 7.6%, before a service charge of about AED 24,100 a year (AED 23.06 per sqft).
- Two-beds in MAG 318 Tower sold for AED 2,000,000–2,000,000 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 20 November 2021.
Questions about 513, MAG 318 Tower
What did unit 513 last sell for?
AED 1,850,000 on 4 November 2021, sold by the developer: AED 1,772 per sqft for 1,044 sqft. It is the only registered sale of the unit.
What is the rent for unit 513?
AED 140,000 a year on the contract signed on 20 November 2021.
How big is unit 513?
1,044 sqft (97.0 sqm): a two-bedroom apartment on the 5th floor of a 22-storey tower completed in 2020.
What is unit 513 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in MAG 318 Tower sold for AED 2,000,000 to 2,000,000 in the last 12 months, around AED 2,068 per sqft.
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Mortgage on 513, MAG 318 Tower
Starts from the last sale price (AED 1.85M, 4 November 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 1,850,000
- Deposit, UAE resident (20%)
- AED 370,000
- Deposit, non-resident (40%)
- AED 740,000
- Monthly over 25 years at 3.7%
- AED 7,569
Plus AED 82,710 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →