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Studio · 440 sqftMAG 318 Tower, Business Bay · 8th floor · completed 2020

819, MAG 318 Tower

Sold prices and rental history: sold once, by the developer in June 2018, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 819 · DLD and Ejari recordsUpdated 10 June 2024
Last soldAED 796K21 June 2018
Current rentAED 80K /yr10 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 819, MAG 318 Tower

What is 819 worth today?

Last sold for AED 795,789 in 2018

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10 Jun 2024RentedNew contract
AED 80,000/yr12 months · AED 181 per sqft
1 May 2022RentedNew contract
AED 67,818/yr12 months · AED 154 per sqft
21 Jun 2018Sold by developerOff-plan
AED 795,789AED 1,809 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 10 June 2024.

Key facts

Type
Studio apartment
Size
440 sqft
Floor
8th of 22
Parking
P3-103
Developer
MAG
Completed
2020
Service charge
AED 10,100 /yr
Last sold
AED 796K · June 2018
Building
MAG 318 Tower

About 819, MAG 318 Tower

819 is a studio of 440 sqft on the 8th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. The developer sold it on 21 June 2018 for AED 795,789, or AED 1,809 per sqft, in line with the AED 1,790 studios in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 10 June 2024, is AED 80,000 a year: a gross yield of 10.1% on the 2018 price, before the service charge of about AED 10,100 a year.

Sales and rents for 819 over time

Sales
Unit 819, 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, June 2018: AED 795,789 (AED 1,809 per sqft)

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

Rents
Unit 819, 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, May 2022: AED 67,818 a yearNew contract, June 2024: AED 80,000 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 819 sits

All 299 studios →

819 last sold in June 2018 at AED 1,809 per sqft, in line with 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. 819's AED 80,000 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 8th floor

All 439 units in MAG 318 Tower
Value
8011-bedAED 1.55M · Mar 2020
8022-bedAED 1.85M · Nov 2020
803StudioAED 780K · Nov 2018
804StudioAED 780K · Jun 2018
805StudioAED 780K · Sep 2018
806StudioAED 779K · Nov 2021
807StudioAED 753K · Jul 2018
1–7 of 23

819, MAG 318 Tower in numbers

  • Sold once: by MAG on 21 June 2018 for AED 795,789, or AED 1,809 per sqft.
  • Rented since May 2022 on 2 Ejari contracts, from AED 67,818 to AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2018 price is 10.1%, before a service charge of about AED 10,100 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 10 June 2024.

Questions about 819, MAG 318 Tower

What did unit 819 last sell for?

AED 795,789 on 21 June 2018, sold by the developer: AED 1,809 per sqft for 440 sqft. It is the only registered sale of the unit.

What is the rent for unit 819?

AED 80,000 a year on the contract signed on 10 June 2024. The previous contract, from May 2022, was AED 67,818.

How big is unit 819?

440 sqft (40.9 sqm): a studio on the 8th floor of a 22-storey tower completed in 2020.

What is unit 819 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 819, MAG 318 Tower

Starts from the last sale price (AED 796K, 21 June 2018). Switch to today's estimate once you have unlocked it.
Price
AED 795,789
Deposit, UAE resident (20%)
AED 159,158
Deposit, non-resident (40%)
AED 318,316
Monthly over 25 years at 3.7%
AED 3,256

Plus AED 38,434 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →