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Studio · 433 sqftMAG 318 Tower, Business Bay · 6th floor · completed 2020

604, MAG 318 Tower

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

Unit 604 · DLD and Ejari recordsUpdated 19 April 2025
Last soldAED 940K14 June 2023
Current rentAED 75K /yr19 April 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 604, MAG 318 Tower

What is 604 worth today?

Last sold for AED 940,000 in 2023

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19 Apr 2025RentedRenewal
AED 75,000/yr12 months · AED 173 per sqft
19 Apr 2024RentedNew contract
AED 75,000/yr12 months · AED 173 per sqft
14 Jun 2023SoldReady
AED 940,000AED 2,171 per sqft
29 Jan 2023RentedNew contract
AED 82,891/yr12 months · AED 191 per sqft
9 May 2018Sold by developerOff-plan
AED 756,000AED 1,746 per sqft

Source: Dubai Land Department. Updated 19 April 2025.

Key facts

Type
Studio apartment
Size
433 sqft
Floor
6th of 22
Parking
P3-34
Developer
MAG
Completed
2020
Service charge
AED 10,000 /yr
Last sold
AED 940K · June 2023
Building
MAG 318 Tower

About 604, MAG 318 Tower

604 is a studio of 433 sqft on the 6th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. It last sold on 14 June 2023 for AED 940,000, or AED 2,171 per sqft, 4% above the AED 2,078 studios in the building were fetching at the time.

It has been rented since 2023 on 3 Ejari contracts. The current contract, renewed on 19 April 2025, is AED 75,000 a year: a gross yield of 8.0% on the 2023 price, before the service charge of about AED 10,000 a year.

Sales and rents for 604 over time

Sales
Unit 604, each saleTypical studio in MAG 318 Tower
800K1M2017202020232026Typical 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, May 2018: AED 756,000 (AED 1,746 per sqft)Sold, June 2023: AED 940,000 (AED 2,171 per sqft)

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

Rents
Unit 604, 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 82,891 a yearNew contract, April 2024: AED 75,000 a yearRenewal, April 2025: AED 75,000 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 604 sits

All 299 studios →

604 last sold in June 2023 at AED 2,171 per sqft, 4% above what studios in MAG 318 Tower were fetching at the time (AED 2,078). 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. 604's AED 75,000 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 6th floor

All 439 units in MAG 318 Tower
Value
6011-bedAED 1.1M · Jul 2021
6022-bedAED 2.25M · Dec 2020
603StudioAED 756K · May 2018
605StudioAED 1.08M · Dec 2020
606StudioAED 874K · Nov 2019
607StudioAED 775K · Jul 2018
608StudioAED 880K · Nov 2022
1–7 of 21

604, MAG 318 Tower in numbers

  • Sold twice: first on 9 May 2018 for AED 756,000, last on 14 June 2023 for AED 940,000 (AED 2,171 per sqft).
  • Rented since January 2023 on 3 Ejari contracts, from AED 82,891 to AED 75,000 a year.
  • At AED 75,000 a year the gross yield on the 2023 price is 8.0%, 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: Dubai Land Department. Updated 19 April 2025.

Questions about 604, MAG 318 Tower

What did unit 604 last sell for?

AED 940,000 on 14 June 2023: AED 2,171 per sqft for 433 sqft. The unit has 2 registered sales; the first was AED 756,000 in May 2018.

What is the rent for unit 604?

AED 75,000 a year on the contract renewed on 19 April 2025. The previous contract, from April 2024, was AED 75,000; the unit has been rented since January 2023.

How big is unit 604?

433 sqft (40.2 sqm): a studio on the 6th floor of a 22-storey tower completed in 2020.

What is unit 604 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 604, MAG 318 Tower

Starts from the last sale price (AED 940K, 14 June 2023). Switch to today's estimate once you have unlocked it.
Price
AED 940,000
Deposit, UAE resident (20%)
AED 188,000
Deposit, non-resident (40%)
AED 376,000
Monthly over 25 years at 3.7%
AED 3,846

Plus AED 44,490 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →