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Studio · 434 sqftMAG 318 Tower, Business Bay · 6th floor · completed 2020

609, MAG 318 Tower

Sold prices and rental history: sold once, by the developer in November 2019, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 609 · DLD and Ejari recordsUpdated 4 June 2025
Last soldAED 809K24 November 2019
Current rentAED 73K /yr4 June 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 609, MAG 318 Tower

What is 609 worth today?

Last sold for AED 809,000 in 2019

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4 Jun 2025RentedNew contract
AED 73,000/yr12 months · AED 170 per sqft
1 Apr 2024RentedRenewal
AED 75,000/yr12 months · AED 174 per sqft
1 Apr 2023RentedNew contract
AED 70,000/yr12 months · AED 163 per sqft
24 Nov 2019Sold by developerOff-plan
AED 809,000AED 1,865 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 4 June 2025.

Key facts

Type
Studio apartment
Size
434 sqft
Floor
6th of 22
Parking
P3-39
Developer
MAG
Completed
2020
Service charge
AED 10,000 /yr
Last sold
AED 809K · November 2019
Building
MAG 318 Tower

About 609, MAG 318 Tower

609 is a studio of 434 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 24 November 2019 for AED 809,000, or AED 1,865 per sqft, 4% above the AED 1,801 studios in the building were fetching at the time.

It has been rented since 2023 on 3 Ejari contracts. The current contract, signed on 4 June 2025, is AED 73,000 a year: a gross yield of 9.0% on the 2019 price, before the service charge of about AED 10,000 a year.

Sales and rents for 609 over time

Sales
Unit 609, 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, November 2019: AED 809,000 (AED 1,865 per sqft)

609 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 609, 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, April 2023: AED 70,000 a yearRenewal, April 2024: AED 75,000 a yearNew contract, June 2025: AED 73,000 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 609 sits

All 299 studios →

609 last sold in November 2019 at AED 1,865 per sqft, 4% above what studios in MAG 318 Tower were fetching at the time (AED 1,801). 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. 609's AED 73,000 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
604StudioAED 940K · Jun 2023
605StudioAED 1.08M · Dec 2020
606StudioAED 874K · Nov 2019
607StudioAED 775K · Jul 2018
1–7 of 21

609, MAG 318 Tower in numbers

  • Sold once: by MAG on 24 November 2019 for AED 809,000, or AED 1,865 per sqft.
  • Rented since April 2023 on 3 Ejari contracts, from AED 70,000 to AED 73,000 a year.
  • At AED 73,000 a year the gross yield on the 2019 price is 9.0%, 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: YallaValue analysis of Dubai Land Department records. Updated 4 June 2025.

Questions about 609, MAG 318 Tower

What did unit 609 last sell for?

AED 809,000 on 24 November 2019, sold by the developer: AED 1,865 per sqft for 434 sqft. It is the only registered sale of the unit.

What is the rent for unit 609?

AED 73,000 a year on the contract signed on 4 June 2025. The previous contract, from April 2024, was AED 75,000; the unit has been rented since April 2023.

How big is unit 609?

434 sqft (40.3 sqm): a studio on the 6th floor of a 22-storey tower completed in 2020.

What is unit 609 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 609, MAG 318 Tower

Starts from the last sale price (AED 809K, 24 November 2019). Switch to today's estimate once you have unlocked it.
Price
AED 809,000
Deposit, UAE resident (20%)
AED 161,800
Deposit, non-resident (40%)
AED 323,600
Monthly over 25 years at 3.7%
AED 3,310

Plus AED 38,988 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →