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Studio · 440 sqftMAG 318 Tower, Business Bay · 6th floor · completed 2020

617, MAG 318 Tower

Sold prices and rental history: sold once, by the developer in February 2019, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 617 · DLD and Ejari recordsUpdated 1 May 2025
Last soldAED 824K25 February 2019
Current rentAED 75K /yr1 May 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 617, MAG 318 Tower

What is 617 worth today?

Last sold for AED 823,513 in 2019

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1 May 2025RentedRenewal
AED 75,000/yr12 months · AED 170 per sqft
1 May 2024RentedNew contract
AED 75,000/yr12 months · AED 170 per sqft
25 Feb 2019Sold by developerOff-plan
AED 823,513AED 1,872 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 May 2025.

Key facts

Type
Studio apartment
Size
440 sqft
Floor
6th of 22
Parking
P3-47
Developer
MAG
Completed
2020
Service charge
AED 10,100 /yr
Last sold
AED 824K · February 2019
Building
MAG 318 Tower

About 617, MAG 318 Tower

617 is a studio of 440 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 25 February 2019 for AED 823,513, or AED 1,872 per sqft, 4% above the AED 1,796 studios in the building were fetching at the time.

It has been rented since 2024 on 2 Ejari contracts. The current contract, renewed on 1 May 2025, is AED 75,000 a year: a gross yield of 9.1% on the 2019 price, before the service charge of about AED 10,100 a year.

Sales and rents for 617 over time

Sales
Unit 617, 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, February 2019: AED 823,513 (AED 1,872 per sqft)

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

Rents
Unit 617, 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, May 2024: AED 75,000 a yearRenewal, May 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 617 sits

All 299 studios →

617 last sold in February 2019 at AED 1,872 per sqft, 4% above what studios in MAG 318 Tower were fetching at the time (AED 1,796). 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. 617'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
604StudioAED 940K · Jun 2023
605StudioAED 1.08M · Dec 2020
606StudioAED 874K · Nov 2019
607StudioAED 775K · Jul 2018
1–7 of 21

617, MAG 318 Tower in numbers

  • Sold once: by MAG on 25 February 2019 for AED 823,513, or AED 1,872 per sqft.
  • Rented since May 2024 on 2 Ejari contracts, at AED 75,000 a year.
  • At AED 75,000 a year the gross yield on the 2019 price is 9.1%, before a service charge of about AED 10,100 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 1 May 2025.

Questions about 617, MAG 318 Tower

What did unit 617 last sell for?

AED 823,513 on 25 February 2019, sold by the developer: AED 1,872 per sqft for 440 sqft. It is the only registered sale of the unit.

What is the rent for unit 617?

AED 75,000 a year on the contract renewed on 1 May 2025. The previous contract, from May 2024, was AED 75,000.

How big is unit 617?

440 sqft (40.9 sqm): a studio on the 6th floor of a 22-storey tower completed in 2020.

What is unit 617 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 617, MAG 318 Tower

Starts from the last sale price (AED 824K, 25 February 2019). Switch to today's estimate once you have unlocked it.
Price
AED 823,513
Deposit, UAE resident (20%)
AED 164,703
Deposit, non-resident (40%)
AED 329,405
Monthly over 25 years at 3.7%
AED 3,369

Plus AED 39,598 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →