1514, MAG 318 Tower
Sold prices and rental history: sold once, by the developer in December 2020, 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 1514, MAG 318 Tower
What is 1514 worth today?
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Source: Dubai Land Department. Updated 15 October 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,045 sqft
- Floor
- 15th of 22
- Parking
- P1-46
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 24,100 /yr
- Last sold
- AED 2.25M · December 2020
- Building
- MAG 318 Tower
About 1514, MAG 318 Tower
1514 is a two-bedroom apartment of 1,045 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 15 December 2020 for AED 2,250,000, or AED 2,152 per sqft, in line with the AED 2,200 two-beds in the building were fetching at the time.
It has been rented continuously since 2021 on 7 Ejari contracts. The current contract, signed on 15 October 2026, is AED 130,000 a year: a gross yield of 5.8% on the 2020 price, before the service charge of about AED 24,100 a year.
Sales and rents for 1514 over time
1514 has sold once; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in MAG 318 Tower, and where 1514 sits
All 75 2-beds →1514 last sold in December 2020 at AED 2,152 per sqft, in line with what two-beds in MAG 318 Tower were fetching at the time (AED 2,200). Over the last 12 months two-beds sold for AED 2,000,000 to 2,800,000, around AED 2,068 per sqft, and rent for AED 85,000 to 166,000 a year. 1514's AED 130,000 is in the upper half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 16 Sep 202616 September 2026 | 967 sqft | 2,000,000 | 2,069 | ||
| 14 Sep 202614 September 2026 | 1,602 sqft | 2,800,000 | 1,747 | ||
| 12 Feb 202612 February 2026 | 967 sqft | 2,000,000 | 2,068 | ||
| 29 Aug 202529 August 2025 | 1,043 sqft | 2,250,000 | 2,156 |
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 79K /yr
- Typical yield
- 6.1%
Other units on the 15th floor
All 439 units in MAG 318 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1501 | 1-bed | 819 sqft | AED 1.5MAED 1,495,134 · Nov 2019November 2019 | 95,000 /yr | |
| 1502 | 2-bed | 967 sqft | AED 1.88MAED 1,880,000 · Aug 2024August 2024 | 120,000 /yr | |
| 1503 | Studio | 438 sqft | AED 760KAED 760,000 · May 2019May 2019 | ||
| 1504 | Studio | 433 sqft | AED 1.08MAED 1,075,000 · Nov 2025November 2025 | 70,803 /yr | |
| 1505 | Studio | 432 sqft | AED 1MAED 1,000,000 · Apr 2024April 2024 | 75,000 /yr | |
| 1506 | Studio | 433 sqft | AED 890KAED 890,000 · Mar 2023March 2023 | 78,750 /yr | |
| 1507 | Studio | 432 sqft | AED 823KAED 823,239 · Feb 2019February 2019 | 55,000 /yr | |
| 1508 | Studio | 433 sqft | AED 750KAED 750,000 · Oct 2021October 2021 | 78,000 /yr | |
| 1509 | Studio | 433 sqft | AED 970KAED 970,000 · Mar 2024March 2024 | 55,000 /yr | |
| 1510 | Studio | 432 sqft | AED 1.05MAED 1,050,000 · Apr 2024April 2024 | 55,000 /yr | |
| 1511 | Studio | 436 sqft | AED 920KAED 920,000 · Aug 2023August 2023 | 80,000 /yr | |
| 1512 | 2-bed | 966 sqft | AED 2.25MAED 2,250,000 · Dec 2020December 2020 | 160,000 /yr | |
| 1513 | 1-bed | 982 sqft | AED 2.05MAED 2,050,000 · Dec 2020December 2020 | 135,000 /yr | |
| 1515 | Studio | 444 sqft | AED 821KAED 820,710 · Jan 2022January 2022 | 65,000 /yr | |
| 1516 | Studio | 440 sqft | AED 700KAED 700,000 · Apr 2021April 2021 | 80,000 /yr | |
| 1517 | Studio | 441 sqft | AED 895KAED 894,600 · Mar 2026March 2026 | 55,000 /yr | |
| 1518 | Studio | 441 sqft | AED 792KAED 792,308 · Nov 2019November 2019 | 57,000 /yr | |
| 1519 | Studio | 440 sqft | AED 845KAED 844,779 · Nov 2018November 2018 | 80,000 /yr | |
| 1520 | Studio | 441 sqft | AED 883KAED 882,509 · Nov 2019November 2019 | 76,500 /yr | |
| 1521 | Studio | 440 sqft | AED 1.13MAED 1,125,000 · May 2025May 2025 | ||
| 1522 | Studio | 441 sqft | AED 1.04MAED 1,040,000 · Apr 2025April 2025 | ||
| 1523 | Studio | 446 sqft | AED 1.04MAED 1,040,000 · Feb 2025February 2025 | ||
| 1524 | 2-bed | 1,043 sqft | AED 2.25MAED 2,250,000 · Aug 2025August 2025 | 150,000 /yr |
1514, MAG 318 Tower in numbers
- Sold once: by MAG on 15 December 2020 for AED 2,250,000, or AED 2,152 per sqft.
- Rented since August 2021 on 7 Ejari contracts, from AED 100,000 to AED 130,000 a year.
- At AED 130,000 a year the gross yield on the 2020 price is 5.8%, before a service charge of about AED 24,100 a year (AED 23.06 per sqft).
- Two-beds in MAG 318 Tower sold for AED 2,000,000–2,800,000 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 October 2026.
Questions about 1514, MAG 318 Tower
What did unit 1514 last sell for?
AED 2,250,000 on 15 December 2020, sold by the developer: AED 2,152 per sqft for 1,045 sqft. It is the only registered sale of the unit.
What is the rent for unit 1514?
AED 130,000 a year on the contract signed on 15 October 2026. The previous contract, from November 2025, was AED 148,000; the unit has been rented since August 2021.
How big is unit 1514?
1,045 sqft (97.1 sqm): a two-bedroom apartment on the 15th floor of a 22-storey tower completed in 2020.
What is unit 1514 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in MAG 318 Tower sold for AED 2,000,000 to 2,800,000 in the last 12 months, around AED 2,068 per sqft.
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Mortgage on 1514, MAG 318 Tower
Starts from the last sale price (AED 2.25M, 15 December 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 2,250,000
- Deposit, UAE resident (20%)
- AED 450,000
- Deposit, non-resident (40%)
- AED 900,000
- Monthly over 25 years at 3.7%
- AED 9,205
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →