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1-bed · 821 sqftMAG 318 Tower, Business Bay · 6th floor · completed 2020

601, MAG 318 Tower

Sold prices and rental history: sold once, by the developer in July 2021, and rented once, from December 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 601 · DLD and Ejari recordsUpdated 17 December 2025
Last soldAED 1.1M7 July 2021
Current rentAED 120K /yr17 December 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 601, MAG 318 Tower

What is 601 worth today?

Last sold for AED 1,100,000 in 2021

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17 Dec 2025RentedNew contract
AED 120,000/yr12 months · AED 146 per sqft
7 Jul 2021Sold by developerReady
AED 1,100,000AED 1,340 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 17 December 2025.

Key facts

Type
1-bed apartment
Size
821 sqft
Floor
6th of 22
Parking
P3-31
Developer
MAG
Completed
2020
Service charge
AED 18,900 /yr
Last sold
AED 1.1M · July 2021
Building
MAG 318 Tower

About 601, MAG 318 Tower

601 is a one-bedroom apartment of 821 sqft on the 6th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. The developer sold it on 7 July 2021 for AED 1,100,000, or AED 1,340 per sqft, 36% below the AED 2,086 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 17 December 2025. The current contract, signed on 17 December 2025, is AED 120,000 a year: a gross yield of 10.9% on the 2021 price, before the service charge of about AED 18,900 a year.

Sales and rents for 601 over time

Sales
Unit 601, each saleTypical one-bed in MAG 318 Tower
1M1.5M2M201820202022Typical 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, July 2021: AED 1,100,000 (AED 1,340 per sqft)

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

Rents
Unit 601, each contractTypical one-bed in MAG 318 Tower
75K100K125K2021202320252027Typical 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, December 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 601 sits

All 47 1-beds →

601 last sold in July 2021 at AED 1,340 per sqft, 36% below what one-beds in MAG 318 Tower were fetching at the time (AED 2,086). 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. 601'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 6th floor

All 439 units in MAG 318 Tower
Value
6022-bedAED 2.25M · Dec 2020
603StudioAED 756K · May 2018
604StudioAED 940K · Jun 2023
605StudioAED 1.08M · Dec 2020
606StudioAED 874K · Nov 2019
607StudioAED 775K · Jul 2018
608StudioAED 880K · Nov 2022
1–7 of 21

601, MAG 318 Tower in numbers

  • Sold once: by MAG on 7 July 2021 for AED 1,100,000, or AED 1,340 per sqft.
  • Rented since December 2025 on one Ejari contract, at AED 120,000 a year.
  • At AED 120,000 a year the gross yield on the 2021 price is 10.9%, before a service charge of about AED 18,900 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 17 December 2025.

Questions about 601, MAG 318 Tower

What did unit 601 last sell for?

AED 1,100,000 on 7 July 2021, sold by the developer: AED 1,340 per sqft for 821 sqft. It is the only registered sale of the unit.

What is the rent for unit 601?

AED 120,000 a year on the contract signed on 17 December 2025.

How big is unit 601?

821 sqft (76.3 sqm): a one-bedroom apartment on the 6th floor of a 22-storey tower completed in 2020.

What is unit 601 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 601, MAG 318 Tower

Starts from the last sale price (AED 1.1M, 7 July 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,100,000
Deposit, UAE resident (20%)
AED 220,000
Deposit, non-resident (40%)
AED 440,000
Monthly over 25 years at 3.7%
AED 4,500

Plus AED 51,210 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →