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Studio · 440 sqftMAG 318 Tower, Business Bay · 15th floor · completed 2020

1519, MAG 318 Tower

Sold prices and rental history: sold once, by the developer in November 2018, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1519 · DLD and Ejari recordsUpdated 9 October 2024
Last soldAED 845K1 November 2018
Current rentAED 80K /yr9 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1519, MAG 318 Tower

What is 1519 worth today?

Last sold for AED 844,779 in 2018

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9 Oct 2024RentedNew contract
AED 80,000/yr12 months · AED 182 per sqft
25 Jan 2024RentedRenewal
AED 75,000/yr12 months · AED 171 per sqft
25 Jan 2023RentedNew contract
AED 75,000/yr12 months · AED 171 per sqft
1 Dec 2021RentedNew contract
AED 69,827/yr13 months · AED 159 per sqft
1 Nov 2018Sold by developerOff-plan
AED 844,779AED 1,920 per sqft

Source: Dubai Land Department. Updated 9 October 2024.

Key facts

Type
Studio apartment
Size
440 sqft
Floor
15th of 22
Parking
P1-51
Developer
MAG
Completed
2020
Service charge
AED 10,100 /yr
Last sold
AED 845K · November 2018
Building
MAG 318 Tower

About 1519, MAG 318 Tower

1519 is a studio of 440 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 1 November 2018 for AED 844,779, or AED 1,920 per sqft, 7% above the AED 1,797 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, signed on 9 October 2024, is AED 80,000 a year: a gross yield of 9.5% on the 2018 price, before the service charge of about AED 10,100 a year.

Sales and rents for 1519 over time

Sales
Unit 1519, 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 2018: AED 844,779 (AED 1,920 per sqft)

1519 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 1519, 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, December 2021: AED 69,827 a yearNew contract, January 2023: AED 75,000 a yearRenewal, January 2024: AED 75,000 a yearNew contract, October 2024: 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 1519 sits

All 316 studios →

1519 last sold in November 2018 at AED 1,920 per sqft, 7% above what studios in MAG 318 Tower were fetching at the time (AED 1,797). 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. 1519'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 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

1519, MAG 318 Tower in numbers

  • Sold once: by MAG on 1 November 2018 for AED 844,779, or AED 1,920 per sqft.
  • Rented since December 2021 on 4 Ejari contracts, from AED 69,827 to AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2018 price is 9.5%, 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 9 October 2024.

Questions about 1519, MAG 318 Tower

What did unit 1519 last sell for?

AED 844,779 on 1 November 2018, sold by the developer: AED 1,920 per sqft for 440 sqft. It is the only registered sale of the unit.

What is the rent for unit 1519?

AED 80,000 a year on the contract signed on 9 October 2024. The previous contract, from January 2024, was AED 75,000; the unit has been rented since December 2021.

How big is unit 1519?

440 sqft (40.9 sqm): a studio on the 15th floor of a 22-storey tower completed in 2020.

What is unit 1519 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 1519, MAG 318 Tower

Starts from the last sale price (AED 845K, 1 November 2018). Switch to today's estimate once you have unlocked it.
Price
AED 844,779
Deposit, UAE resident (20%)
AED 168,956
Deposit, non-resident (40%)
AED 337,912
Monthly over 25 years at 3.7%
AED 3,456

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