1006, MAG 318 Tower
Sold prices and rental history: sold once, by the developer in May 2019, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1006, MAG 318 Tower
What is 1006 worth today?
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Source: Dubai Land Department. Updated 17 October 2026.
Key facts
- Type
- Studio apartment
- Size
- 433 sqft
- Floor
- 10th of 22
- Parking
- P2-24
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 10,000 /yr
- Last sold
- AED 760K · May 2019
- Building
- MAG 318 Tower
About 1006, MAG 318 Tower
1006 is a studio of 433 sqft on the 10th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. The developer sold it on 14 May 2019 for AED 760,000, or AED 1,755 per sqft, in line with the AED 1,796 studios in the building were fetching at the time.
It has been rented continuously since 2021 on 6 Ejari contracts. The current contract, signed on 17 October 2026, is AED 65,000 a year: a gross yield of 8.6% on the 2019 price, before the service charge of about AED 10,000 a year.
Sales and rents for 1006 over time
1006 has sold once; the dashed line is the studio median of each year in the building.
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 1006 sits
All 316 studios →1006 last sold in May 2019 at AED 1,755 per sqft, in line with what studios in MAG 318 Tower were fetching at the time (AED 1,796). Over the last 12 months studios sold for AED 850,000 to 1,160,000, around AED 2,387 per sqft, and rent for AED 50,000 to 120,000 a year. 1006's AED 65,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 22 Oct 202622 October 2026 | 432 sqft | 850,000 | 1,968 | ||
| 27 Aug 202627 August 2026 | 433 sqft | 920,000 | 2,125 | ||
| 7 Aug 20267 August 2026 | 440 sqft | 850,000 | 1,932 | ||
| 21 Jul 202621 July 2026 | 441 sqft | 850,000 | 1,926 |
MAG 318 Tower
Building439 apartments, studios to 2-bed over 22 floors in Business Bay, completed in 2020 by MAG. 27 sold in the last 12 months.
- Typical price per sqft
- AED 2,286 Down 5.7%
- Typical sale
- AED 1.08M
- Typical rent
- AED 78K /yr
- Typical yield
- 6.1%
Other units on the 10th floor
All 439 units in MAG 318 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1001 | 1-bed | 819 sqft | AED 1.53MAED 1,526,940 · Jan 2021January 2021 | 90,000 /yr | |
| 1002 | 2-bed | 967 sqft | AED 1.85MAED 1,853,882 · Jan 2021January 2021 | 140,000 /yr | |
| 1003 | Studio | 438 sqft | AED 760KAED 760,000 · Feb 2019February 2019 | 57,000 /yr | |
| 1004 | Studio | 433 sqft | AED 760KAED 760,000 · Jul 2021July 2021 | 70,000 /yr | |
| 1005 | Studio | 432 sqft | AED 775KAED 775,000 · Apr 2019April 2019 | 54,000 /yr | |
| 1007 | Studio | 432 sqft | AED 1MAED 1,000,000 · Jan 2026January 2026 | 55,148 /yr | |
| 1008 | Studio | 433 sqft | AED 780KAED 780,000 · Apr 2019April 2019 | 75,000 /yr | |
| 1009 | Studio | 433 sqft | AED 1MAED 1,000,000 · Nov 2023November 2023 | 68,000 /yr | |
| 1010 | Studio | 432 sqft | AED 950KAED 950,000 · Jan 2024January 2024 | 62,000 /yr | |
| 1011 | Studio | 436 sqft | AED 1.01MAED 1,010,000 · Aug 2024August 2024 | 57,000 /yr | |
| 1012 | 2-bed | 966 sqft | AED 2.25MAED 2,250,000 · Dec 2020December 2020 | 160,000 /yr | |
| 1013 | 1-bed | 982 sqft | AED 2.05MAED 2,050,000 · Dec 2020December 2020 | 100,000 /yr | |
| 1014 | 2-bed | 1,045 sqft | AED 2.3MAED 2,300,000 · Dec 2020December 2020 | 150,000 /yr | |
| 1015 | Studio | 444 sqft | AED 745KAED 745,000 · Nov 2021November 2021 | ||
| 1016 | Studio | 440 sqft | AED 832KAED 832,291 · Apr 2019April 2019 | 72,194 /yr | |
| 1017 | Studio | 441 sqft | AED 1.1MAED 1,100,000 · Oct 2025October 2025 | 96,000 /yr | |
| 1018 | Studio | 441 sqft | AED 550KAED 550,000 · Aug 2021August 2021 | 68,000 /yr | |
| 1019 | Studio | 440 sqft | AED 790KAED 790,000 · Dec 2018December 2018 | ||
| 1020 | Studio | 441 sqft | AED 960KAED 960,000 · Aug 2023August 2023 | 48,000 /yr | |
| 1021 | Studio | 440 sqft | AED 850KAED 850,000 · Aug 2026August 2026 | 75,000 /yr | |
| 1022 | Studio | 441 sqft | AED 810KAED 810,000 · Oct 2018October 2018 | 90,000 /yr | |
| 1023 | Studio | 446 sqft | AED 1.04MAED 1,040,000 · Nov 2024November 2024 | 60,000 /yr | |
| 1024 | 2-bed | 1,043 sqft | AED 2.14MAED 2,144,295 · Jan 2021January 2021 | 120,000 /yr |
1006, MAG 318 Tower in numbers
- Sold once: by MAG on 14 May 2019 for AED 760,000, or AED 1,755 per sqft.
- Rented since June 2021 on 6 Ejari contracts, from AED 50,000 to AED 65,000 a year.
- At AED 65,000 a year the gross yield on the 2019 price is 8.6%, before a service charge of about AED 10,000 a year (AED 23.06 per sqft).
- Studios in MAG 318 Tower sold for AED 850,000–1,160,000 in the 12 months to November 2026; the building's median across all types is AED 2,286 per sqft.
Source: Dubai Land Department. Updated 17 October 2026.
Questions about 1006, MAG 318 Tower
What did unit 1006 last sell for?
AED 760,000 on 14 May 2019, sold by the developer: AED 1,755 per sqft for 433 sqft. It is the only registered sale of the unit.
What is the rent for unit 1006?
AED 65,000 a year on the contract signed on 17 October 2026. The previous contract, from September 2025, was AED 71,000; the unit has been rented since June 2021.
How big is unit 1006?
433 sqft (40.2 sqm): a studio on the 10th floor of a 22-storey tower completed in 2020.
What is unit 1006 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 850,000 to 1,160,000 in the last 12 months, around AED 2,387 per sqft.
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Mortgage on 1006, MAG 318 Tower
Starts from the last sale price (AED 760K, 14 May 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 760,000
- Deposit, UAE resident (20%)
- AED 152,000
- Deposit, non-resident (40%)
- AED 304,000
- Monthly over 25 years at 3.7%
- AED 3,109
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →