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1-bed · 890 sqftMAG 318 Tower, Business Bay · 6th floor · completed 2020

614, MAG 318 Tower

Sold prices and rental history: sold once, by the developer in April 2020, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 614 · DLD and Ejari recordsUpdated 8 May 2025
Last soldAED 1.42M30 April 2020
Current rentAED 120K /yr8 May 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 614, MAG 318 Tower

What is 614 worth today?

Last sold for AED 1,422,900 in 2020

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8 May 2025RentedNew contract
AED 120,000/yr12 months · AED 135 per sqft
15 Jan 2024RentedNew contract
AED 135,000/yr12 months · AED 151 per sqft
15 Dec 2022RentedNew contract
AED 125,000/yr12 months · AED 140 per sqft
1 Oct 2021RentedNew contract
AED 100,000/yr12 months · AED 112 per sqft
30 Apr 2020Sold by developerOff-plan
AED 1,422,900AED 1,599 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 8 May 2025.

Key facts

Type
1-bed apartment
Size
890 sqft
Floor
6th of 22
Parking
P3-44
Developer
MAG
Completed
2020
Service charge
AED 20,500 /yr
Last sold
AED 1.42M · April 2020
Building
MAG 318 Tower

About 614, MAG 318 Tower

614 is a one-bedroom apartment of 890 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 30 April 2020 for AED 1,422,900, or AED 1,599 per sqft, 12% below the AED 1,825 one-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, signed on 8 May 2025, is AED 120,000 a year: a gross yield of 8.4% on the 2020 price, before the service charge of about AED 20,500 a year.

Sales and rents for 614 over time

Sales
Unit 614, each saleTypical one-bed in MAG 318 Tower
1.5M2M20182019202020212022Typical 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, April 2020: AED 1,422,900 (AED 1,599 per sqft)

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

Rents
Unit 614, 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, October 2021: AED 100,000 a yearNew contract, December 2022: AED 125,000 a yearNew contract, January 2024: AED 135,000 a yearNew contract, May 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 614 sits

All 47 1-beds →

614 last sold in April 2020 at AED 1,599 per sqft, 12% below what one-beds in MAG 318 Tower were fetching at the time (AED 1,825). 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. 614'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
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

614, MAG 318 Tower in numbers

  • Sold once: by MAG on 30 April 2020 for AED 1,422,900, or AED 1,599 per sqft.
  • Rented since October 2021 on 4 Ejari contracts, from AED 100,000 to AED 120,000 a year.
  • At AED 120,000 a year the gross yield on the 2020 price is 8.4%, before a service charge of about AED 20,500 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 8 May 2025.

Questions about 614, MAG 318 Tower

What did unit 614 last sell for?

AED 1,422,900 on 30 April 2020, sold by the developer: AED 1,599 per sqft for 890 sqft. It is the only registered sale of the unit.

What is the rent for unit 614?

AED 120,000 a year on the contract signed on 8 May 2025. The previous contract, from January 2024, was AED 135,000; the unit has been rented since October 2021.

How big is unit 614?

890 sqft (82.7 sqm): a one-bedroom apartment on the 6th floor of a 22-storey tower completed in 2020.

What is unit 614 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 614, MAG 318 Tower

Starts from the last sale price (AED 1.42M, 30 April 2020). Switch to today's estimate once you have unlocked it.
Price
AED 1,422,900
Deposit, UAE resident (20%)
AED 284,580
Deposit, non-resident (40%)
AED 569,160
Monthly over 25 years at 3.7%
AED 5,822

Plus AED 64,772 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →