Studio · 433 sqftMAG 318 Tower, Business Bay · 9th floor · completed 2020

908, MAG 318 Tower

Sold prices and rental history: sold once, by the developer in September 2020, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 908 · DLD and Ejari recordsUpdated 3 September 2020
Last soldAED 779K3 September 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 908, MAG 318 Tower

What is 908 worth today?

Last sold for AED 779,492 in 2020

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3 Sep 2020Sold by developerOff-plan
AED 779,492AED 1,800 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 3 September 2020.

Key facts

Type
Studio apartment
Size
433 sqft
Floor
9th of 22
Parking
P2-06
Developer
MAG
Completed
2020
Service charge
AED 10,000 /yr
Last sold
AED 779K · September 2020

About 908, MAG 318 Tower

908 is a studio of 433 sqft on the 9th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. The developer sold it on 3 September 2020 for AED 779,492, or AED 1,800 per sqft, in line with the AED 1,804 studios in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 908 over time

Sales
Unit 908, 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 2020: AED 779,492 (AED 1,800 per sqft)

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

Rents
Unit 908, 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 80,000

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 908 sits

All 299 studios →

908 last sold in September 2020 at AED 1,800 per sqft, in line with what studios in MAG 318 Tower were fetching at the time (AED 1,804). 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.

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 9th floor

All 439 units in MAG 318 Tower
Value
9011-bedAED 1.52M · Sep 2020
9022-bedAED 1.78M · Jul 2018
903StudioAED 753K · Jan 2019
904StudioAED 945K · Dec 2023
905StudioAED 763K · Dec 2017
906StudioAED 794K · May 2018
907StudioAED 684K · Sep 2021
1–7 of 23

908, MAG 318 Tower in numbers

  • Sold once: by MAG on 3 September 2020 for AED 779,492, or AED 1,800 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 3 September 2020.

Questions about 908, MAG 318 Tower

What did unit 908 last sell for?

AED 779,492 on 3 September 2020, sold by the developer: AED 1,800 per sqft for 433 sqft. It is the only registered sale of the unit.

How big is unit 908?

433 sqft (40.2 sqm): a studio on the 9th floor of a 22-storey tower completed in 2020.

What is unit 908 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 908, MAG 318 Tower

Starts from the last sale price (AED 779K, 3 September 2020). Switch to today's estimate once you have unlocked it.
Price
AED 779,492
Deposit, UAE resident (20%)
AED 155,898
Deposit, non-resident (40%)
AED 311,797
Monthly over 25 years at 3.7%
AED 3,189

Plus AED 37,749 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →