Studio · 440 sqftMAG 318 Tower, Business Bay · 10th floor · completed 2020

1016, MAG 318 Tower

Name: Yalla Value Property Public Auction LLC
Address: Empire Heights, Office No. B-02-15, Floor P3, Business Bay, Dubai, AE
Telephone: +971585995901

Sold prices and rental history: sold once, by the developer in April 2019, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 1016 · DLD and Ejari recordsUpdated 15 April 2026

Last soldAED 832K15 April 2019

Current rentAED 72K /yr15 April 2026

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 1016, MAG 318 Tower

Today

What is 1016 worth today?

Last sold for AED 832,291 in 2019

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15 Apr 2026

15 Apr 2026RentedRenewal

AED 72,194/yr12 months · AED 164 per sqft

8 Apr 2025

8 Apr 2025RentedRenewal

AED 70,000/yr12 months · AED 159 per sqft

8 Apr 2024

8 Apr 2024RentedRenewal

AED 65,000/yr12 months · AED 147 per sqft

8 Apr 2023

8 Apr 2023RentedRenewal

AED 61,000/yr12 months · AED 138 per sqft

8 Apr 2022

8 Apr 2022RentedNew contract

AED 60,000/yr12 months · AED 136 per sqft

16 Aug 2021

16 Aug 2021RentedNew contract

AED 50,000/yr12 months · AED 113 per sqft

15 Apr 2019

15 Apr 2019Sold by developerOff-plan

AED 832,291AED 1,891 per sqft

Source: Dubai Land Department. Updated 15 April 2026.

Key facts

Type: Studio apartment
Size: 440 sqft
Floor: 10th of 22
Parking: P2-32
Developer: MAG
Completed: 2020
Service charge: AED 10,100 /yr
Last sold: AED 832K · April 2019
Building: MAG 318 Tower

About 1016, MAG 318 Tower

1016 is a studio of 440 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 15 April 2019 for AED 832,291, or AED 1,891 per sqft, 5% above the AED 1,795 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 6 Ejari contracts. The current contract, renewed on 15 April 2026, is AED 72,194 a year: a gross yield of 8.7% on the 2019 price, before the service charge of about AED 10,100 a year.

Sales and rents for 1016 over time

Sales

Unit 1016, each saleTypical studio in MAG 318 Tower

1016 has sold once; the dashed line is the studio median of each year in the building.

Rents

Unit 1016, each contractTypical studio in MAG 318 Tower

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 1016 sits

All 316 studios →

Studios in MAG 318 Tower · last 12 months2,387 /sqft MAG 318 Tower · all types2,286 /sqft

1016 last sold in April 2019 at AED 1,891 per sqft, 5% above what studios in MAG 318 Tower were fetching at the time (AED 1,795). 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. 1016's AED 72,194 is in the lower half of that range.

Recent studio sales	Size	Price (AED)	Per sqft
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

21 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. 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 79K /yr
Typical yield: 6.1%

MAG 318 Tower, Business Bay: prices, sales and rents →

Other units on the 10th floor

All 439 units in MAG 318 Tower


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
1006	Studio	433 sqft	AED 760KAED 760,000 · May 2019May 2019	65,000 /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
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

1–7 of 23

1016, MAG 318 Tower in numbers

Sold once: by MAG on 15 April 2019 for AED 832,291, or AED 1,891 per sqft.
Rented since August 2021 on 6 Ejari contracts, from AED 50,000 to AED 72,194 a year.
At AED 72,194 a year the gross yield on the 2019 price is 8.7%, before a service charge of about AED 10,100 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 15 April 2026.

Questions about 1016, MAG 318 Tower

What did unit 1016 last sell for?

AED 832,291 on 15 April 2019, sold by the developer: AED 1,891 per sqft for 440 sqft. It is the only registered sale of the unit.

What is the rent for unit 1016?

AED 72,194 a year on the contract renewed on 15 April 2026. The previous contract, from April 2025, was AED 70,000; the unit has been rented since August 2021.

How big is unit 1016?

440 sqft (40.9 sqm): a studio on the 10th floor of a 22-storey tower completed in 2020.

What is unit 1016 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 1016, MAG 318 Tower

Starts from the last sale price (AED 832K, 15 April 2019). Switch to today's estimate once you have unlocked it.

Price: AED 832,291
Deposit, UAE resident (20%): AED 166,458
Deposit, non-resident (40%): AED 332,916
Monthly over 25 years at 3.7%: AED 3,405

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →