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Studio · 436 sqftMAG 318 Tower, Business Bay · 15th floor · completed 2020

1511, MAG 318 Tower

Sold prices and rental history: sold twice, last in August 2023, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1511 · DLD and Ejari recordsUpdated 19 February 2026
Last soldAED 920K25 August 2023
Current rentAED 80K /yr19 February 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1511, MAG 318 Tower

What is 1511 worth today?

Last sold for AED 920,000 in 2023

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19 Feb 2026RentedNew contract
AED 80,000/yr12 months · AED 181 per sqft
25 Aug 2023SoldReady
AED 920,000AED 2,110 per sqft
29 Sep 2022RentedNew contract
AED 65,000/yr12 months · AED 149 per sqft
1 Oct 2021RentedNew contract
AED 55,000/yr12 months · AED 126 per sqft
18 Jun 2018Sold by developerOff-plan
AED 806,774AED 1,850 per sqft

Source: Dubai Land Department. Updated 19 February 2026.

Key facts

Type
Studio apartment
Size
436 sqft
Floor
15th of 22
Parking
P1-44
Developer
MAG
Completed
2020
Service charge
AED 10,100 /yr
Last sold
AED 920K · August 2023
Building
MAG 318 Tower

About 1511, MAG 318 Tower

1511 is a studio of 436 sqft on the 15th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. It last sold on 25 August 2023 for AED 920,000, or AED 2,110 per sqft, in line with the AED 2,119 studios in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, signed on 19 February 2026, is AED 80,000 a year: a gross yield of 8.7% on the 2023 price, before the service charge of about AED 10,100 a year.

Sales and rents for 1511 over time

Sales
Unit 1511, 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, June 2018: AED 806,774 (AED 1,850 per sqft)Sold, August 2023: AED 920,000 (AED 2,110 per sqft)

1511 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 1511, 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, October 2021: AED 55,000 a yearNew contract, September 2022: AED 65,000 a yearNew contract, February 2026: 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 1511 sits

All 316 studios →

1511 last sold in August 2023 at AED 2,110 per sqft, in line with what studios in MAG 318 Tower were fetching at the time (AED 2,119). 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. 1511's AED 80,000 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 78K /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

1511, MAG 318 Tower in numbers

  • Sold twice: first on 18 June 2018 for AED 806,774, last on 25 August 2023 for AED 920,000 (AED 2,110 per sqft).
  • Rented since October 2021 on 3 Ejari contracts, from AED 55,000 to AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2023 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 19 February 2026.

Questions about 1511, MAG 318 Tower

What did unit 1511 last sell for?

AED 920,000 on 25 August 2023: AED 2,110 per sqft for 436 sqft. The unit has 2 registered sales; the first was AED 806,774 in June 2018.

What is the rent for unit 1511?

AED 80,000 a year on the contract signed on 19 February 2026. The previous contract, from September 2022, was AED 65,000; the unit has been rented since October 2021.

How big is unit 1511?

436 sqft (40.5 sqm): a studio on the 15th floor of a 22-storey tower completed in 2020.

What is unit 1511 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 1511, MAG 318 Tower

Starts from the last sale price (AED 920K, 25 August 2023). Switch to today's estimate once you have unlocked it.
Price
AED 920,000
Deposit, UAE resident (20%)
AED 184,000
Deposit, non-resident (40%)
AED 368,000
Monthly over 25 years at 3.7%
AED 3,764

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