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Studio · 446 sqftMAG 318 Tower, Business Bay · 6th floor · completed 2020

621, MAG 318 Tower

Sold prices and rental history: sold once, by the developer in October 2021, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 621 · DLD and Ejari recordsUpdated 28 November 2025
Last soldAED 720K5 October 2021
Current rentAED 83K /yr28 November 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 621, MAG 318 Tower

What is 621 worth today?

Last sold for AED 720,000 in 2021

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28 Nov 2025RentedNew contract
AED 83,000/yr12 months · AED 188 per sqft
26 Nov 2024RentedNew contract
AED 83,000/yr12 months · AED 188 per sqft
25 Nov 2023RentedNew contract
AED 77,000/yr12 months · AED 174 per sqft
5 Oct 2021Sold by developerReady
AED 720,000AED 1,612 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 28 November 2025.

Key facts

Type
Studio apartment
Size
446 sqft
Floor
6th of 22
Parking
P3-51
Developer
MAG
Completed
2020
Service charge
AED 10,300 /yr
Last sold
AED 720K · October 2021
Building
MAG 318 Tower

About 621, MAG 318 Tower

621 is a studio of 446 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 5 October 2021 for AED 720,000, or AED 1,612 per sqft, 9% below the AED 1,776 studios in the building were fetching at the time.

It has been rented since 2023 on 3 Ejari contracts. The current contract, signed on 28 November 2025, is AED 83,000 a year: a gross yield of 11.5% on the 2021 price, before the service charge of about AED 10,300 a year.

Sales and rents for 621 over time

Sales
Unit 621, 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, October 2021: AED 720,000 (AED 1,612 per sqft)

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

Rents
Unit 621, 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, November 2023: AED 77,000 a yearNew contract, November 2024: AED 83,000 a yearNew contract, November 2025: AED 83,000 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 621 sits

All 299 studios →

621 last sold in October 2021 at AED 1,612 per sqft, 9% below what studios in MAG 318 Tower were fetching at the time (AED 1,776). 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. 621's AED 83,000 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

621, MAG 318 Tower in numbers

  • Sold once: by MAG on 5 October 2021 for AED 720,000, or AED 1,612 per sqft.
  • Rented since November 2023 on 3 Ejari contracts, from AED 77,000 to AED 83,000 a year.
  • At AED 83,000 a year the gross yield on the 2021 price is 11.5%, before a service charge of about AED 10,300 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 28 November 2025.

Questions about 621, MAG 318 Tower

What did unit 621 last sell for?

AED 720,000 on 5 October 2021, sold by the developer: AED 1,612 per sqft for 446 sqft. It is the only registered sale of the unit.

What is the rent for unit 621?

AED 83,000 a year on the contract signed on 28 November 2025. The previous contract, from November 2024, was AED 83,000; the unit has been rented since November 2023.

How big is unit 621?

446 sqft (41.4 sqm): a studio on the 6th floor of a 22-storey tower completed in 2020.

What is unit 621 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 621, MAG 318 Tower

Starts from the last sale price (AED 720K, 5 October 2021). Switch to today's estimate once you have unlocked it.
Price
AED 720,000
Deposit, UAE resident (20%)
AED 144,000
Deposit, non-resident (40%)
AED 288,000
Monthly over 25 years at 3.7%
AED 2,946

Plus AED 35,250 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →