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1-bed · 812 sqftMAG 318 Tower, Business Bay · 7th floor · completed 2020

701, MAG 318 Tower

Sold prices and rental history: sold once, by the developer in July 2018, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 701 · DLD and Ejari recordsUpdated 25 November 2025
Last soldAED 1.46M3 July 2018
Current rentAED 85K /yr25 November 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 701, MAG 318 Tower

What is 701 worth today?

Last sold for AED 1,460,592 in 2018

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25 Nov 2025RentedRenewal
AED 85,000/yr12 months · AED 104 per sqft
25 Nov 2024RentedNew contract
AED 118,000/yr12 months · AED 144 per sqft
29 Sep 2023RentedNew contract
AED 108,000/yr12 months · AED 132 per sqft
25 Jun 2022RentedRenewal
AED 85,000/yr12 months · AED 104 per sqft
26 Jun 2021RentedNew contract
AED 82,221/yr12 months · AED 101 per sqft
3 Jul 2018Sold by developerOff-plan
AED 1,460,592AED 1,798 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 25 November 2025.

Key facts

Type
1-bed apartment
Size
812 sqft
Floor
7th of 22
Parking
P3-53
Developer
MAG
Completed
2020
Service charge
AED 18,700 /yr
Last sold
AED 1.46M · July 2018
Building
MAG 318 Tower

About 701, MAG 318 Tower

701 is a one-bedroom apartment of 812 sqft on the 7th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. The developer sold it on 3 July 2018 for AED 1,460,592, or AED 1,798 per sqft.

It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, renewed on 25 November 2025, is AED 85,000 a year: a gross yield of 5.8% on the 2018 price, before the service charge of about AED 18,700 a year.

Sales and rents for 701 over time

Sales
Unit 701, 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, July 2018: AED 1,460,592 (AED 1,798 per sqft)

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

Rents
Unit 701, 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, June 2021: AED 82,221 a yearRenewal, June 2022: AED 85,000 a yearNew contract, September 2023: AED 108,000 a yearNew contract, November 2024: AED 118,000 a yearRenewal, November 2025: AED 85,000 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 701 sits

All 47 1-beds →

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. 701's AED 85,000 is in the lower 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 7th floor

All 439 units in MAG 318 Tower
Value
7022-bedAED 2.25M · Dec 2020
703StudioAED 680K · Jun 2021
704StudioAED 1.1M · Dec 2024
705StudioAED 794K · Mar 2018
706StudioAED 1.01M · Jun 2021
707StudioAED 980K · Feb 2024
708StudioAED 785K · Jun 2018
1–7 of 21

701, MAG 318 Tower in numbers

  • Sold once: by MAG on 3 July 2018 for AED 1,460,592, or AED 1,798 per sqft.
  • Rented since June 2021 on 5 Ejari contracts, from AED 82,221 to AED 85,000 a year.
  • At AED 85,000 a year the gross yield on the 2018 price is 5.8%, before a service charge of about AED 18,700 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 25 November 2025.

Questions about 701, MAG 318 Tower

What did unit 701 last sell for?

AED 1,460,592 on 3 July 2018, sold by the developer: AED 1,798 per sqft for 812 sqft. It is the only registered sale of the unit.

What is the rent for unit 701?

AED 85,000 a year on the contract renewed on 25 November 2025. The previous contract, from November 2024, was AED 118,000; the unit has been rented since June 2021.

How big is unit 701?

812 sqft (75.4 sqm): a one-bedroom apartment on the 7th floor of a 22-storey tower completed in 2020.

What is unit 701 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 701, MAG 318 Tower

Starts from the last sale price (AED 1.46M, 3 July 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,460,592
Deposit, UAE resident (20%)
AED 292,118
Deposit, non-resident (40%)
AED 584,237
Monthly over 25 years at 3.7%
AED 5,976

Plus AED 66,355 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →