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1-bed · 890 sqftMAG 318 Tower, Business Bay · 7th floor · completed 2020

714, MAG 318 Tower

Sold prices and rental history: sold twice, last in July 2023, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 714 · DLD and Ejari recordsUpdated 30 January 2026
Last soldAED 1.46M11 July 2023
Current rentAED 125K /yr30 January 2026
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 714, MAG 318 Tower

What is 714 worth today?

Last sold for AED 1,460,000 in 2023

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30 Jan 2026RentedNew contract
AED 125,000/yr12 months · AED 140 per sqft
27 Apr 2024RentedNew contract
AED 160,000/yr12 months · AED 179 per sqft
11 Jul 2023SoldReady
AED 1,460,000AED 1,640 per sqft
10 Jun 2023RentedRenewal
AED 90,463/yr5 months · AED 102 per sqft
10 Jun 2022RentedRenewal
AED 90,000/yr12 months · AED 101 per sqft
27 May 2019Sold by developerOff-plan
AED 1,380,000AED 1,550 per sqft

Source: Dubai Land Department. Updated 30 January 2026.

Key facts

Type
1-bed apartment
Size
890 sqft
Floor
7th of 22
Parking
P3-71
Developer
MAG
Completed
2020
Service charge
AED 20,500 /yr
Last sold
AED 1.46M · July 2023
Building
MAG 318 Tower

About 714, MAG 318 Tower

714 is a one-bedroom apartment of 890 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 11 July 2023 for AED 1,460,000, or AED 1,640 per sqft, 7% below the AED 1,770 one-beds in the building were fetching at the time.

It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, signed on 30 January 2026, is AED 125,000 a year: a gross yield of 8.6% on the 2023 price, before the service charge of about AED 20,500 a year.

Sales and rents for 714 over time

Sales
Unit 714, each saleTypical one-bed in MAG 318 Tower
1.5M2M2018202020222024Typical 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, May 2019: AED 1,380,000 (AED 1,550 per sqft)Sold, July 2023: AED 1,460,000 (AED 1,640 per sqft)

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

Rents
Unit 714, each contractTypical one-bed in MAG 318 Tower
100K150K2021202320252027Typical 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 135,000Renewal, June 2022: AED 90,000 a yearRenewal, June 2023: AED 90,463 a yearNew contract, April 2024: AED 160,000 a yearNew contract, January 2026: AED 125,000 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 714 sits

All 47 1-beds →

714 last sold in July 2023 at AED 1,640 per sqft, 7% below what one-beds in MAG 318 Tower were fetching at the time (AED 1,770). 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. 714's AED 125,000 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
28 Feb 20231,450,000
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
7011-bedAED 1.46M · Jul 2018
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
1–7 of 21

714, MAG 318 Tower in numbers

  • Sold twice: first on 27 May 2019 for AED 1,380,000, last on 11 July 2023 for AED 1,460,000 (AED 1,640 per sqft).
  • Rented since June 2022 on 4 Ejari contracts, from AED 90,000 to AED 125,000 a year.
  • At AED 125,000 a year the gross yield on the 2023 price is 8.6%, 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: Dubai Land Department. Updated 30 January 2026.

Questions about 714, MAG 318 Tower

What did unit 714 last sell for?

AED 1,460,000 on 11 July 2023: AED 1,640 per sqft for 890 sqft. The unit has 2 registered sales; the first was AED 1,380,000 in May 2019.

What is the rent for unit 714?

AED 125,000 a year on the contract signed on 30 January 2026. The previous contract, from April 2024, was AED 160,000; the unit has been rented since June 2022.

How big is unit 714?

890 sqft (82.7 sqm): a one-bedroom apartment on the 7th floor of a 22-storey tower completed in 2020.

What is unit 714 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 714, MAG 318 Tower

Starts from the last sale price (AED 1.46M, 11 July 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,460,000
Deposit, UAE resident (20%)
AED 292,000
Deposit, non-resident (40%)
AED 584,000
Monthly over 25 years at 3.7%
AED 5,973

Plus AED 66,330 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →