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1-bed · 982 sqftMAG 318 Tower, Business Bay · 16th floor · completed 2020

1613, 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.

Unit 1613 · DLD and Ejari recordsUpdated 20 April 2025
Last soldAED 2.05M22 December 2020
Current rentAED 134K /yr20 April 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1613, MAG 318 Tower

What is 1613 worth today?

Last sold for AED 2,050,000 in 2020

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20 Apr 2025RentedNew contract
AED 134,254/yr12 months · AED 137 per sqft
20 Apr 2025RentedNew contract
AED 134,254/yr12 months · AED 137 per sqft
17 Jul 2023RentedNew contract
AED 125,000/yr12 months · AED 127 per sqft
22 Nov 2022RentedNew contract
AED 125,000/yr3 months · AED 127 per sqft
17 Nov 2021RentedNew contract
AED 125,000/yr12 months · AED 127 per sqft
22 Dec 2020Sold by developerOff-plan
AED 2,050,000AED 2,086 per sqft

Source: Dubai Land Department. Updated 20 April 2025.

Key facts

Type
1-bed apartment
Size
982 sqft
Floor
16th of 22
Parking
P1-87
Developer
MAG
Completed
2020
Service charge
AED 22,700 /yr
Last sold
AED 2.05M · December 2020
Building
MAG 318 Tower

About 1613, MAG 318 Tower

1613 is a one-bedroom apartment of 982 sqft on the 16th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. The developer sold it on 22 December 2020 for AED 2,050,000, or AED 2,086 per sqft, in line with the AED 2,086 one-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, signed on 20 April 2025, is AED 134,254 a year: a gross yield of 6.6% on the 2020 price, before the service charge of about AED 22,700 a year.

Sales and rents for 1613 over time

Sales
Unit 1613, each saleTypical one-bed in MAG 318 Tower
1.5M2M2018202120242027Typical sale price by year: 2018 AED 1,486,232; 2019 AED 1,462,000; 2020 AED 2,050,000; 2021 AED 1,594,787; 2026 AED 1,732,516Sold by developer, December 2020: AED 2,050,000 (AED 2,086 per sqft)

1613 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1613, each contractTypical one-bed in MAG 318 Tower
75K100K125K2021202320252027Typical rent by year: 2021 AED 83,000; 2022 AED 95,000; 2023 AED 105,000; 2024 AED 120,000; 2025 AED 120,000; 2026 AED 95,000New contract, November 2021: AED 125,000 a yearNew contract, November 2022: AED 125,000 a yearNew contract, July 2023: AED 125,000 a yearNew contract, April 2025: AED 134,254 a yearNew contract, April 2025: AED 134,254 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in MAG 318 Tower, and where 1613 sits

All 48 1-beds →

1613 last sold in December 2020 at AED 2,086 per sqft, in line with what one-beds in MAG 318 Tower were fetching at the time (AED 2,086). Over the last 12 months one-beds sold for AED 1,710,000 to 1,750,000, around AED 1,763 per sqft, and rent for AED 79,500 to 135,000 a year. 1613's AED 134,254 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
27 Jul 20261,732,516
1 Jul 20261,750,000
22 Jan 20261,710,000
18 Sep 20251,570,000
3 1-bed 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 16th floor

All 439 units in MAG 318 Tower
Value
16011-bedAED 1.46M · Sep 2021
16022-bedAED 2.25M · Dec 2020
1603StudioAED 905K · Dec 2022
1604StudioAED 990K · Jul 2026
1605StudioAED 950K · Mar 2023
1606StudioAED 793K · Jan 2019
1607StudioAED 760K · Feb 2022
1–7 of 23

1613, MAG 318 Tower in numbers

  • Sold once: by MAG on 22 December 2020 for AED 2,050,000, or AED 2,086 per sqft.
  • Rented since November 2021 on 5 Ejari contracts, from AED 125,000 to AED 134,254 a year.
  • At AED 134,254 a year the gross yield on the 2020 price is 6.6%, before a service charge of about AED 22,700 a year (AED 23.06 per sqft).
  • One-beds in MAG 318 Tower sold for AED 1,710,000–1,750,000 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 20 April 2025.

Questions about 1613, MAG 318 Tower

What did unit 1613 last sell for?

AED 2,050,000 on 22 December 2020, sold by the developer: AED 2,086 per sqft for 982 sqft. It is the only registered sale of the unit.

What is the rent for unit 1613?

AED 134,254 a year on the contract signed on 20 April 2025. The previous contract, from April 2025, was AED 134,254; the unit has been rented since November 2021.

How big is unit 1613?

982 sqft (91.2 sqm): a one-bedroom apartment on the 16th floor of a 22-storey tower completed in 2020.

What is unit 1613 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in MAG 318 Tower sold for AED 1,710,000 to 1,750,000 in the last 12 months, around AED 1,763 per sqft.

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Mortgage on 1613, MAG 318 Tower

Starts from the last sale price (AED 2.05M, 22 December 2020). Switch to today's estimate once you have unlocked it.
Price
AED 2,050,000
Deposit, UAE resident (20%)
AED 410,000
Deposit, non-resident (40%)
AED 820,000
Monthly over 25 years at 3.7%
AED 8,387

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