608, MAG 318 Tower
Sold prices and rental history: sold 3 times, last in November 2022, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 608, MAG 318 Tower
What is 608 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 11 January 2026.
Key facts
- Type
- Studio apartment
- Size
- 433 sqft
- Floor
- 6th of 22
- Parking
- P3-38
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 10,000 /yr
- Last sold
- AED 880K · November 2022
- Building
- MAG 318 Tower
About 608, MAG 318 Tower
608 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 17 November 2022 for AED 880,000, or AED 2,032 per sqft, 7% above the AED 1,904 studios in the building were fetching at the time.
It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, signed on 11 January 2026, is AED 82,500 a year: a gross yield of 9.4% on the 2022 price, before the service charge of about AED 10,000 a year.
Sales and rents for 608 over time
608 has sold 3 times; the dashed line is the studio median of each year in the building.
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 608 sits
All 299 studios →608 last sold in November 2022 at AED 2,032 per sqft, 7% above what studios in MAG 318 Tower were fetching at the time (AED 1,904). 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. 608's AED 82,500 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 3 Feb 20263 February 2026 | 433 sqft | 1,050,000 | 2,425 | ||
| 29 Jan 202629 January 2026 | 432 sqft | 1,000,000 | 2,316 | ||
| 27 Jan 202627 January 2026 | 432 sqft | 1,160,000 | 2,686 | ||
| 23 Dec 202523 December 2025 | 441 sqft | 1,100,000 | 2,495 |
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 6th floor
All 439 units in MAG 318 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 601 | 1-bed | 821 sqft | AED 1.1MAED 1,100,000 · Jul 2021July 2021 | 120,000 /yr | |
| 602 | 2-bed | 967 sqft | AED 2.25MAED 2,250,000 · Dec 2020December 2020 | ||
| 603 | Studio | 438 sqft | AED 756KAED 756,000 · May 2018May 2018 | 85,000 /yr | |
| 604 | Studio | 433 sqft | AED 940KAED 940,000 · Jun 2023June 2023 | 75,000 /yr | |
| 605 | Studio | 432 sqft | AED 1.08MAED 1,075,000 · Dec 2020December 2020 | 75,000 /yr | |
| 606 | Studio | 433 sqft | AED 874KAED 874,460 · Nov 2019November 2019 | 60,000 /yr | |
| 607 | Studio | 432 sqft | AED 775KAED 775,000 · Jul 2018July 2018 | 75,000 /yr | |
| 609 | Studio | 434 sqft | AED 809KAED 809,000 · Nov 2019November 2019 | 73,000 /yr | |
| 610 | 1-bed | 874 sqft | AED 1.53MAED 1,526,609 · Oct 2020October 2020 | 105,000 /yr | |
| 611 | 2-bed | 967 sqft | AED 1.7MAED 1,700,000 · Dec 2022December 2022 | 120,000 /yr | |
| 612 | 1-bed | 982 sqft | AED 1.98MAED 1,977,000 · Jun 2021June 2021 | 120,000 /yr | |
| 613 | 2-bed | 1,044 sqft | AED 1.36MAED 1,357,005 · Nov 2022November 2022 | 140,000 /yr | |
| 614 | 1-bed | 890 sqft | AED 1.42MAED 1,422,900 · Apr 2020April 2020 | 120,000 /yr | |
| 615 | Studio | 442 sqft | AED 824KAED 823,513 · Feb 2019February 2019 | 79,000 /yr | |
| 616 | Studio | 441 sqft | AED 824KAED 824,418 · Feb 2019February 2019 | 75,000 /yr | |
| 617 | Studio | 440 sqft | AED 824KAED 823,513 · Feb 2019February 2019 | 75,000 /yr | |
| 618 | Studio | 441 sqft | AED 824KAED 824,418 · Feb 2019February 2019 | 78,000 /yr | |
| 619 | Studio | 440 sqft | AED 824KAED 823,513 · Feb 2019February 2019 | 80,000 /yr | |
| 620 | Studio | 441 sqft | AED 1.23MAED 1,230,000 · Jul 2025July 2025 | ||
| 621 | Studio | 446 sqft | AED 720KAED 720,000 · Oct 2021October 2021 | 83,000 /yr | |
| 622 | 2-bed | 1,042 sqft | AED 2.25MAED 2,250,000 · Dec 2020December 2020 | 140,000 /yr |
608, MAG 318 Tower in numbers
- Sold 3 times: first on 11 June 2018 for AED 775,000, last on 17 November 2022 for AED 880,000 (AED 2,032 per sqft).
- Rented since November 2021 on 4 Ejari contracts, from AED 60,000 to AED 82,500 a year.
- At AED 82,500 a year the gross yield on the 2022 price is 9.4%, 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: YallaValue analysis of Dubai Land Department records. Updated 11 January 2026.
Questions about 608, MAG 318 Tower
What did unit 608 last sell for?
AED 880,000 on 17 November 2022: AED 2,032 per sqft for 433 sqft. The unit has 3 registered sales; the first was AED 775,000 in June 2018.
What is the rent for unit 608?
AED 82,500 a year on the contract signed on 11 January 2026. The previous contract, from January 2025, was AED 82,500; the unit has been rented since November 2021.
How big is unit 608?
433 sqft (40.2 sqm): a studio on the 6th floor of a 22-storey tower completed in 2020.
What is unit 608 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 608, MAG 318 Tower
Starts from the last sale price (AED 880K, 17 November 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 880,000
- Deposit, UAE resident (20%)
- AED 176,000
- Deposit, non-resident (40%)
- AED 352,000
- Monthly over 25 years at 3.7%
- AED 3,600
Plus AED 41,970 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →