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Studio · 441 sqftMAG 318 Tower, Business Bay · 15th floor · completed 2020

1520, MAG 318 Tower

Sold prices and rental history: sold once, by the developer in November 2019, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1520 · DLD and Ejari recordsUpdated 3 February 2026
Last soldAED 883K24 November 2019
Current rentAED 77K /yr3 February 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1520, MAG 318 Tower

What is 1520 worth today?

Last sold for AED 882,509 in 2019

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3 Feb 2026RentedNew contract
AED 76,500/yr12 months · AED 173 per sqft
29 Nov 2022RentedNew contract
AED 65,000/yr12 months · AED 147 per sqft
28 Nov 2021RentedNew contract
AED 56,000/yr12 months · AED 127 per sqft
24 Nov 2019Sold by developerOff-plan
AED 882,509AED 2,000 per sqft

Source: Dubai Land Department. Updated 3 February 2026.

Key facts

Type
Studio apartment
Size
441 sqft
Floor
15th of 22
Parking
P1-52
Developer
MAG
Completed
2020
Service charge
AED 10,200 /yr
Last sold
AED 883K · November 2019
Building
MAG 318 Tower

About 1520, MAG 318 Tower

1520 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 882,509, or AED 2,000 per sqft, 11% above the AED 1,801 studios in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, signed on 3 February 2026, is AED 76,500 a year: a gross yield of 8.7% on the 2019 price, before the service charge of about AED 10,200 a year.

Sales and rents for 1520 over time

Sales
Unit 1520, 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 882,509 (AED 2,000 per sqft)

1520 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 1520, 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, November 2021: AED 56,000 a yearNew contract, November 2022: AED 65,000 a yearNew contract, February 2026: AED 76,500 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 1520 sits

All 316 studios →

1520 last sold in November 2019 at AED 2,000 per sqft, 11% above 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. 1520's AED 76,500 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

1520, MAG 318 Tower in numbers

  • Sold once: by MAG on 24 November 2019 for AED 882,509, or AED 2,000 per sqft.
  • Rented since November 2021 on 3 Ejari contracts, from AED 56,000 to AED 76,500 a year.
  • At AED 76,500 a year the gross yield on the 2019 price is 8.7%, 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 3 February 2026.

Questions about 1520, MAG 318 Tower

What did unit 1520 last sell for?

AED 882,509 on 24 November 2019, sold by the developer: AED 2,000 per sqft for 441 sqft. It is the only registered sale of the unit.

What is the rent for unit 1520?

AED 76,500 a year on the contract signed on 3 February 2026. The previous contract, from November 2022, was AED 65,000; the unit has been rented since November 2021.

How big is unit 1520?

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

What is unit 1520 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 1520, MAG 318 Tower

Starts from the last sale price (AED 883K, 24 November 2019). Switch to today's estimate once you have unlocked it.
Price
AED 882,509
Deposit, UAE resident (20%)
AED 176,502
Deposit, non-resident (40%)
AED 353,004
Monthly over 25 years at 3.7%
AED 3,611

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