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Studio · 433 sqftMAG 318 Tower, Business Bay · 7th floor · completed 2020

704, MAG 318 Tower

Sold prices and rental history: sold twice, last in December 2024, and rented once, from January 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 704 · DLD and Ejari recordsUpdated 22 January 2026
Last soldAED 1.1M19 December 2024
Current rentAED 81K /yr22 January 2026
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 704, MAG 318 Tower

What is 704 worth today?

Last sold for AED 1,100,000 in 2024

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22 Jan 2026RentedRenewal
AED 81,000/yr12 months · AED 188 per sqft
19 Dec 2024SoldReady
AED 1,100,000AED 2,540 per sqft
15 Aug 2018Sold by developerOff-plan
AED 794,500AED 1,835 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 22 January 2026.

Key facts

Type
Studio apartment
Size
433 sqft
Floor
7th of 22
Parking
P3-56
Developer
MAG
Completed
2020
Service charge
AED 10,000 /yr
Last sold
AED 1.1M · December 2024
Building
MAG 318 Tower

About 704, MAG 318 Tower

704 is a studio of 433 sqft on the 7th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. It last sold on 19 December 2024 for AED 1,100,000, or AED 2,540 per sqft, 9% above the AED 2,332 studios in the building were fetching at the time.

One Ejari contract is registered, from 22 January 2026. The current contract, renewed on 22 January 2026, is AED 81,000 a year: a gross yield of 7.4% on the 2024 price, before the service charge of about AED 10,000 a year.

Sales and rents for 704 over time

Sales
Unit 704, 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, August 2018: AED 794,500 (AED 1,835 per sqft)Sold, December 2024: AED 1,100,000 (AED 2,540 per sqft)

704 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 704, 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 80,000Renewal, January 2026: AED 81,000 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 704 sits

All 299 studios →

704 last sold in December 2024 at AED 2,540 per sqft, 9% above what studios in MAG 318 Tower were fetching at the time (AED 2,332). 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. 704's AED 81,000 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 7th floor

All 439 units in MAG 318 Tower
Value
7011-bedAED 1.46M · Jul 2018
7022-bedAED 2.25M · Dec 2020
703StudioAED 680K · Jun 2021
705StudioAED 794K · Mar 2018
706StudioAED 1.01M · Jun 2021
707StudioAED 980K · Feb 2024
708StudioAED 785K · Jun 2018
1–7 of 21

704, MAG 318 Tower in numbers

  • Sold twice: first on 15 August 2018 for AED 794,500, last on 19 December 2024 for AED 1,100,000 (AED 2,540 per sqft).
  • Rented since January 2026 on one Ejari contract, at AED 81,000 a year.
  • At AED 81,000 a year the gross yield on the 2024 price is 7.4%, 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 22 January 2026.

Questions about 704, MAG 318 Tower

What did unit 704 last sell for?

AED 1,100,000 on 19 December 2024: AED 2,540 per sqft for 433 sqft. The unit has 2 registered sales; the first was AED 794,500 in August 2018.

What is the rent for unit 704?

AED 81,000 a year on the contract renewed on 22 January 2026.

How big is unit 704?

433 sqft (40.2 sqm): a studio on the 7th floor of a 22-storey tower completed in 2020.

What is unit 704 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 704, MAG 318 Tower

Starts from the last sale price (AED 1.1M, 19 December 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,100,000
Deposit, UAE resident (20%)
AED 220,000
Deposit, non-resident (40%)
AED 440,000
Monthly over 25 years at 3.7%
AED 4,500

Plus AED 51,210 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →