1517, MAG 318 Tower
Sold prices and rental history: sold twice, last in March 2026, 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 1517, MAG 318 Tower
What is 1517 worth today?
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Source: Dubai Land Department. Updated 1 August 2026.
Key facts
- Type
- Studio apartment
- Size
- 441 sqft
- Floor
- 15th of 22
- Parking
- P1-49
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 10,200 /yr
- Last sold
- AED 895K · March 2026
- Building
- MAG 318 Tower
About 1517, MAG 318 Tower
1517 is a studio of 441 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 16 March 2026 for AED 894,600, or AED 2,029 per sqft, 18% below the AED 2,465 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 1 August 2026, is AED 55,000 a year: a gross yield of 6.2% on the 2026 price, before the service charge of about AED 10,200 a year.
Sales and rents for 1517 over time
1517 has sold twice; 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 1517 sits
All 316 studios →1517 last sold in March 2026 at AED 2,029 per sqft, 18% below what studios in MAG 318 Tower were fetching at the time (AED 2,465). 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. 1517's AED 55,000 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 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 | |
| 1514 | 2-bed | 1,045 sqft | AED 2.25MAED 2,250,000 · Dec 2020December 2020 | 130,000 /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 | |
| 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 |
1517, MAG 318 Tower in numbers
- Sold twice: first on 16 November 2020 for AED 888,755, last on 16 March 2026 for AED 894,600 (AED 2,029 per sqft).
- Rented since July 2021 on 6 Ejari contracts, from AED 45,000 to AED 55,000 a year.
- At AED 55,000 a year the gross yield on the 2026 price is 6.2%, before a service charge of about AED 10,200 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 1 August 2026.
Questions about 1517, MAG 318 Tower
What did unit 1517 last sell for?
AED 894,600 on 16 March 2026: AED 2,029 per sqft for 441 sqft. The unit has 2 registered sales; the first was AED 888,755 in November 2020.
What is the rent for unit 1517?
AED 55,000 a year on the contract signed on 1 August 2026. The previous contract, from July 2025, was AED 72,000; the unit has been rented since July 2021.
How big is unit 1517?
441 sqft (41.0 sqm): a studio on the 15th floor of a 22-storey tower completed in 2020.
What is unit 1517 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 1517, MAG 318 Tower
Starts from the last sale price (AED 895K, 16 March 2026). Switch to today's estimate once you have unlocked it.- Price
- AED 894,600
- Deposit, UAE resident (20%)
- AED 178,920
- Deposit, non-resident (40%)
- AED 357,840
- Monthly over 25 years at 3.7%
- AED 3,660
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →