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Studio · 446 sqftMAG 318 Tower, Business Bay · 7th floor · completed 2020

721, MAG 318 Tower

Sold prices and rental history: sold once, by the developer in September 2018, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 721 · DLD and Ejari recordsUpdated 18 December 2025
Last soldAED 771K18 September 2018
Current rentAED 85K /yr18 December 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 721, MAG 318 Tower

What is 721 worth today?

Last sold for AED 770,968 in 2018

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18 Dec 2025RentedNew contract
AED 85,000/yr12 months · AED 190 per sqft
30 Nov 2024RentedNew contract
AED 80,000/yr12 months · AED 179 per sqft
18 Sep 2018Sold by developerOff-plan
AED 770,968AED 1,727 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 18 December 2025.

Key facts

Type
Studio apartment
Size
446 sqft
Floor
7th of 22
Parking
P3-83
Developer
MAG
Completed
2020
Service charge
AED 10,300 /yr
Last sold
AED 771K · September 2018
Building
MAG 318 Tower

About 721, MAG 318 Tower

721 is a studio of 446 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 18 September 2018 for AED 770,968, or AED 1,727 per sqft, 4% below the AED 1,790 studios in the building were fetching at the time.

It has been rented since 2024 on 2 Ejari contracts. The current contract, signed on 18 December 2025, is AED 85,000 a year: a gross yield of 11.0% on the 2018 price, before the service charge of about AED 10,300 a year.

Sales and rents for 721 over time

Sales
Unit 721, 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, September 2018: AED 770,968 (AED 1,727 per sqft)

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

Rents
Unit 721, 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 2024: AED 80,000 a yearNew contract, December 2025: AED 85,000 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 721 sits

All 299 studios →

721 last sold in September 2018 at AED 1,727 per sqft, 4% below what studios in MAG 318 Tower were fetching at the time (AED 1,790). 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. 721's AED 85,000 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
704StudioAED 1.1M · Dec 2024
705StudioAED 794K · Mar 2018
706StudioAED 1.01M · Jun 2021
707StudioAED 980K · Feb 2024
1–7 of 21

721, MAG 318 Tower in numbers

  • Sold once: by MAG on 18 September 2018 for AED 770,968, or AED 1,727 per sqft.
  • Rented since November 2024 on 2 Ejari contracts, from AED 80,000 to AED 85,000 a year.
  • At AED 85,000 a year the gross yield on the 2018 price is 11.0%, 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 18 December 2025.

Questions about 721, MAG 318 Tower

What did unit 721 last sell for?

AED 770,968 on 18 September 2018, sold by the developer: AED 1,727 per sqft for 446 sqft. It is the only registered sale of the unit.

What is the rent for unit 721?

AED 85,000 a year on the contract signed on 18 December 2025. The previous contract, from November 2024, was AED 80,000.

How big is unit 721?

446 sqft (41.4 sqm): a studio on the 7th floor of a 22-storey tower completed in 2020.

What is unit 721 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 721, MAG 318 Tower

Starts from the last sale price (AED 771K, 18 September 2018). Switch to today's estimate once you have unlocked it.
Price
AED 770,968
Deposit, UAE resident (20%)
AED 154,194
Deposit, non-resident (40%)
AED 308,387
Monthly over 25 years at 3.7%
AED 3,154

Plus AED 37,391 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →