Home
Dubai prices
About
Research
Studio · 441 sqftMAG 318 Tower, Business Bay · 15th floor · completed 2020

1518, MAG 318 Tower

Sold prices and rental history: sold once, by the developer in November 2019, and rented once, from September 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1518 · DLD and Ejari recordsUpdated 13 September 2026
Last soldAED 792K24 November 2019
Current rentAED 57K /yr13 September 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 1518

Property timeline for 1518, MAG 318 Tower

What is 1518 worth today?

Last sold for AED 792,308 in 2019

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

13 Sep 2026RentedNew contract
AED 57,000/yr12 months · AED 129 per sqft
24 Nov 2019Sold by developerOff-plan
AED 792,308AED 1,796 per sqft

Source: Dubai Land Department. Updated 13 September 2026.

Key facts

Type
Studio apartment
Size
441 sqft
Floor
15th of 22
Parking
P1-50
Developer
MAG
Completed
2020
Service charge
AED 10,200 /yr
Last sold
AED 792K · November 2019
Building
MAG 318 Tower

About 1518, MAG 318 Tower

1518 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. The developer sold it on 24 November 2019 for AED 792,308, or AED 1,796 per sqft, in line with the AED 1,801 studios in the building were fetching at the time.

One Ejari contract is registered, from 13 September 2026. The current contract, signed on 13 September 2026, is AED 57,000 a year: a gross yield of 7.2% on the 2019 price, before the service charge of about AED 10,200 a year.

Sales and rents for 1518 over time

Sales
Unit 1518, 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, November 2019: AED 792,308 (AED 1,796 per sqft)

1518 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 1518, each contractTypical studio in MAG 318 Tower
60K2021202320252027Typical 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, September 2026: AED 57,000 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 1518 sits

All 316 studios →

1518 last sold in November 2019 at AED 1,796 per sqft, in line with what studios in MAG 318 Tower were fetching at the time (AED 1,801). 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. 1518's AED 57,000 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

1518, MAG 318 Tower in numbers

  • Sold once: by MAG on 24 November 2019 for AED 792,308, or AED 1,796 per sqft.
  • Rented since September 2026 on one Ejari contract, at AED 57,000 a year.
  • At AED 57,000 a year the gross yield on the 2019 price is 7.2%, 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 13 September 2026.

Questions about 1518, MAG 318 Tower

What did unit 1518 last sell for?

AED 792,308 on 24 November 2019, sold by the developer: AED 1,796 per sqft for 441 sqft. It is the only registered sale of the unit.

What is the rent for unit 1518?

AED 57,000 a year on the contract signed on 13 September 2026.

How big is unit 1518?

441 sqft (41.0 sqm): a studio on the 15th floor of a 22-storey tower completed in 2020.

What is unit 1518 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.

Selling 1518? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 1518, MAG 318 Tower

Starts from the last sale price (AED 792K, 24 November 2019). Switch to today's estimate once you have unlocked it.
Price
AED 792,308
Deposit, UAE resident (20%)
AED 158,462
Deposit, non-resident (40%)
AED 316,923
Monthly over 25 years at 3.7%
AED 3,242

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