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1-bed · 890 sqftMAG 318 Tower, Business Bay · 5th floor · completed 2020

514, MAG 318 Tower

Sold prices and rental history: sold once, by the developer in June 2019, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 514 · DLD and Ejari recordsUpdated 1 June 2025
Last soldAED 1.42M27 June 2019
Current rentAED 120K /yr1 June 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 514, MAG 318 Tower

What is 514 worth today?

Last sold for AED 1,418,500 in 2019

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1 Jun 2025RentedNew contract
AED 120,000/yr12 months · AED 134 per sqft
19 May 2024RentedRenewal
AED 110,000/yr12 months · AED 123 per sqft
19 May 2023RentedNew contract
AED 105,000/yr12 months · AED 118 per sqft
26 Apr 2021RentedNew contract
AED 65,175/yr12 months · AED 73 per sqft
27 Jun 2019Sold by developerOff-plan
AED 1,418,500AED 1,594 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 June 2025.

Key facts

Type
1-bed apartment
Size
890 sqft
Floor
5th of 22
Parking
P3-22
Developer
MAG
Completed
2020
Service charge
AED 20,500 /yr
Last sold
AED 1.42M · June 2019
Building
MAG 318 Tower

About 514, MAG 318 Tower

514 is a one-bedroom apartment of 890 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 27 June 2019 for AED 1,418,500, or AED 1,594 per sqft, 5% below the AED 1,676 one-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, signed on 1 June 2025, is AED 120,000 a year: a gross yield of 8.5% on the 2019 price, before the service charge of about AED 20,500 a year.

Sales and rents for 514 over time

Sales
Unit 514, each saleTypical one-bed in MAG 318 Tower
1.5M2M20182019202020212022Typical sale price by year: 2018 AED 1,486,232; 2019 AED 1,456,817; 2020 AED 2,050,000; 2021 AED 1,594,787Sold by developer, June 2019: AED 1,418,500 (AED 1,594 per sqft)

514 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 514, each contractTypical one-bed in MAG 318 Tower
100K2021202320252027Typical rent by year: 2021 AED 82,221; 2022 AED 95,000; 2023 AED 100,600; 2024 AED 120,000; 2025 AED 120,000; 2026 AED 135,000New contract, April 2021: AED 65,175 a yearNew contract, May 2023: AED 105,000 a yearRenewal, May 2024: AED 110,000 a yearNew contract, June 2025: AED 120,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in MAG 318 Tower, and where 514 sits

All 47 1-beds →

514 last sold in June 2019 at AED 1,594 per sqft, 5% below what one-beds in MAG 318 Tower were fetching at the time (AED 1,676). Over the last 12 months one-beds sold for AED 1,710,000, around AED 1,740 per sqft, and rent for AED 79,500 to 135,000 a year. 514's AED 120,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
22 Jan 20261,710,000
14 Apr 20251,800,000
2 Aug 20241,580,000
11 Jul 20231,460,000
1 1-bed sale 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

514, MAG 318 Tower in numbers

  • Sold once: by MAG on 27 June 2019 for AED 1,418,500, or AED 1,594 per sqft.
  • Rented since April 2021 on 4 Ejari contracts, from AED 65,175 to AED 120,000 a year.
  • At AED 120,000 a year the gross yield on the 2019 price is 8.5%, before a service charge of about AED 20,500 a year (AED 23.06 per sqft).
  • One-beds in MAG 318 Tower sold for AED 1,710,000–1,710,000 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 June 2025.

Questions about 514, MAG 318 Tower

What did unit 514 last sell for?

AED 1,418,500 on 27 June 2019, sold by the developer: AED 1,594 per sqft for 890 sqft. It is the only registered sale of the unit.

What is the rent for unit 514?

AED 120,000 a year on the contract signed on 1 June 2025. The previous contract, from May 2024, was AED 110,000; the unit has been rented since April 2021.

How big is unit 514?

890 sqft (82.7 sqm): a one-bedroom apartment on the 5th floor of a 22-storey tower completed in 2020.

What is unit 514 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in MAG 318 Tower sold for AED 1,710,000 to 1,710,000 in the last 12 months, around AED 1,740 per sqft.

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Mortgage on 514, MAG 318 Tower

Starts from the last sale price (AED 1.42M, 27 June 2019). Switch to today's estimate once you have unlocked it.
Price
AED 1,418,500
Deposit, UAE resident (20%)
AED 283,700
Deposit, non-resident (40%)
AED 567,400
Monthly over 25 years at 3.7%
AED 5,804

Plus AED 64,587 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →