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Studio · 440 sqftMAG 318 Tower, Business Bay · 5th floor · completed 2020

519, MAG 318 Tower

Sold prices and rental history: sold 3 times, last in July 2025, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 519 · DLD and Ejari recordsUpdated 7 July 2025
Last soldAED 1.23M7 July 2025
Current rentAED 84K /yr30 May 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 519, MAG 318 Tower

What is 519 worth today?

Last sold for AED 1,225,000 in 2025

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7 Jul 2025SoldReady
AED 1,225,000AED 2,785 per sqft
30 May 2025RentedNew contract
AED 84,000/yr12 months · AED 190 per sqft
30 Oct 2023SoldReady
AED 980,000AED 2,228 per sqft
19 Jan 2023RentedNew contract
AED 70,000/yr12 months · AED 159 per sqft
5 Aug 2021Sold by developerReady
AED 781,453AED 1,776 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 7 July 2025.

Key facts

Type
Studio apartment
Size
440 sqft
Floor
5th of 22
Parking
P3-27
Developer
MAG
Completed
2020
Service charge
AED 10,100 /yr
Last sold
AED 1.23M · July 2025
Building
MAG 318 Tower

About 519, MAG 318 Tower

519 is a studio of 440 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 7 July 2025 for AED 1,225,000, or AED 2,785 per sqft, 13% above the AED 2,464 studios in the building were fetching at the time.

It has been rented since 2023 on 2 Ejari contracts. The current contract, signed on 30 May 2025, is AED 84,000 a year: a gross yield of 6.9% on the 2025 price, before the service charge of about AED 10,100 a year.

Sales and rents for 519 over time

Sales
Unit 519, each saleTypical studio in MAG 318 Tower
750K1M1.25M2017202020232026Typical 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, August 2021: AED 781,453 (AED 1,776 per sqft)Sold, October 2023: AED 980,000 (AED 2,228 per sqft)Sold, July 2025: AED 1,225,000 (AED 2,785 per sqft)

519 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 519, 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, January 2023: AED 70,000 a yearNew contract, May 2025: AED 84,000 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 519 sits

All 299 studios →

519 last sold in July 2025 at AED 2,785 per sqft, 13% above what studios in MAG 318 Tower were fetching at the time (AED 2,464). 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. 519's AED 84,000 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

519, MAG 318 Tower in numbers

  • Sold 3 times: first on 5 August 2021 for AED 781,453, last on 7 July 2025 for AED 1,225,000 (AED 2,785 per sqft).
  • Rented since January 2023 on 2 Ejari contracts, from AED 70,000 to AED 84,000 a year.
  • At AED 84,000 a year the gross yield on the 2025 price is 6.9%, 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: YallaValue analysis of Dubai Land Department records. Updated 7 July 2025.

Questions about 519, MAG 318 Tower

What did unit 519 last sell for?

AED 1,225,000 on 7 July 2025: AED 2,785 per sqft for 440 sqft. The unit has 3 registered sales; the first was AED 781,453 in August 2021.

What is the rent for unit 519?

AED 84,000 a year on the contract signed on 30 May 2025. The previous contract, from January 2023, was AED 70,000.

How big is unit 519?

440 sqft (40.9 sqm): a studio on the 5th floor of a 22-storey tower completed in 2020.

What is unit 519 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 519, MAG 318 Tower

Starts from the last sale price (AED 1.23M, 7 July 2025). Switch to today's estimate once you have unlocked it.
Price
AED 1,225,000
Deposit, UAE resident (20%)
AED 245,000
Deposit, non-resident (40%)
AED 490,000
Monthly over 25 years at 3.7%
AED 5,012

Plus AED 56,460 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →