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Studio · 433 sqftMAG 318 Tower, Business Bay · 15th floor · completed 2020

1508, MAG 318 Tower

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

Unit 1508 · DLD and Ejari recordsUpdated 31 October 2025
Last soldAED 750K6 October 2021
Current rentAED 78K /yr31 October 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1508, MAG 318 Tower

What is 1508 worth today?

Last sold for AED 750,000 in 2021

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31 Oct 2025RentedNew contract
AED 78,000/yr12 months · AED 181 per sqft
21 Oct 2024RentedNew contract
AED 70,000/yr12 months · AED 163 per sqft
15 Nov 2023RentedNew contract
AED 70,000/yr12 months · AED 163 per sqft
1 Nov 2022RentedRenewal
AED 57,000/yr12 months · AED 132 per sqft
1 Nov 2021RentedNew contract
AED 52,000/yr12 months · AED 121 per sqft
6 Oct 2021Sold by developerReady
AED 750,000AED 1,732 per sqft

Source: Dubai Land Department. Updated 31 October 2025.

Key facts

Type
Studio apartment
Size
433 sqft
Floor
15th of 22
Parking
P1-41
Developer
MAG
Completed
2020
Service charge
AED 10,000 /yr
Last sold
AED 750K · October 2021
Building
MAG 318 Tower

About 1508, MAG 318 Tower

1508 is a studio of 433 sqft on the 15th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. The developer sold it on 6 October 2021 for AED 750,000, or AED 1,732 per sqft, in line with the AED 1,778 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, signed on 31 October 2025, is AED 78,000 a year: a gross yield of 10.4% on the 2021 price, before the service charge of about AED 10,000 a year.

Sales and rents for 1508 over time

Sales
Unit 1508, each saleTypical studio in MAG 318 Tower
800K1M2017202020232026Typical sale price by year: 2017 AED 776,165; 2018 AED 787,488; 2019 AED 791,651; 2020 AED 870,514; 2021 AED 750,000; 2022 AED 850,000; 2023 AED 945,000; 2024 AED 1,030,000; 2025 AED 1,077,500; 2026 AED 995,000Sold by developer, October 2021: AED 750,000 (AED 1,732 per sqft)

1508 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 1508, each contractTypical studio in MAG 318 Tower
60K80K2021202320252027Typical rent by year: 2021 AED 52,000; 2022 AED 64,465; 2023 AED 70,000; 2024 AED 75,000; 2025 AED 75,000; 2026 AED 60,000New contract, November 2021: AED 52,000 a yearRenewal, November 2022: AED 57,000 a yearNew contract, November 2023: AED 70,000 a yearNew contract, October 2024: AED 70,000 a yearNew contract, October 2025: AED 78,000 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 1508 sits

All 316 studios →

1508 last sold in October 2021 at AED 1,732 per sqft, in line with what studios in MAG 318 Tower were fetching at the time (AED 1,778). 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. 1508's AED 78,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
22 Oct 2026850,000
27 Aug 2026920,000
7 Aug 2026850,000
21 Jul 2026850,000
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 15th floor

All 439 units in MAG 318 Tower
Value
15011-bedAED 1.5M · Nov 2019
15022-bedAED 1.88M · Aug 2024
1503StudioAED 760K · May 2019
1504StudioAED 1.08M · Nov 2025
1505StudioAED 1M · Apr 2024
1506StudioAED 890K · Mar 2023
1507StudioAED 823K · Feb 2019
1–7 of 23

1508, MAG 318 Tower in numbers

  • Sold once: by MAG on 6 October 2021 for AED 750,000, or AED 1,732 per sqft.
  • Rented since November 2021 on 5 Ejari contracts, from AED 52,000 to AED 78,000 a year.
  • At AED 78,000 a year the gross yield on the 2021 price is 10.4%, 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 31 October 2025.

Questions about 1508, MAG 318 Tower

What did unit 1508 last sell for?

AED 750,000 on 6 October 2021, sold by the developer: AED 1,732 per sqft for 433 sqft. It is the only registered sale of the unit.

What is the rent for unit 1508?

AED 78,000 a year on the contract signed on 31 October 2025. The previous contract, from October 2024, was AED 70,000; the unit has been rented since November 2021.

How big is unit 1508?

433 sqft (40.2 sqm): a studio on the 15th floor of a 22-storey tower completed in 2020.

What is unit 1508 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 1508, MAG 318 Tower

Starts from the last sale price (AED 750K, 6 October 2021). Switch to today's estimate once you have unlocked it.
Price
AED 750,000
Deposit, UAE resident (20%)
AED 150,000
Deposit, non-resident (40%)
AED 300,000
Monthly over 25 years at 3.7%
AED 3,068

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