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Studio · 441 sqftMAG 318 Tower, Business Bay · 16th floor · completed 2020

1620, MAG 318 Tower

Sold prices and rental history: sold twice, last in April 2022, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1620 · DLD and Ejari recordsUpdated 20 April 2026
Last soldAED 840K1 April 2022
Current rentAED 70K /yr20 April 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1620, MAG 318 Tower

What is 1620 worth today?

Last sold for AED 840,000 in 2022

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20 Apr 2026RentedNew contract
AED 70,000/yr12 months · AED 159 per sqft
30 May 2024RentedNew contract
AED 80,783/yr12 months · AED 183 per sqft
5 May 2023RentedNew contract
AED 75,000/yr12 months · AED 170 per sqft
1 Apr 2022SoldReady
AED 840,000AED 1,904 per sqft
30 Apr 2021RentedNew contract
AED 50,000/yr12 months · AED 113 per sqft
5 Mar 2018Sold by developerOff-plan
AED 794,138AED 1,800 per sqft

Source: Dubai Land Department. Updated 20 April 2026.

Key facts

Type
Studio apartment
Size
441 sqft
Floor
16th of 22
Parking
P1-94
Developer
MAG
Completed
2020
Service charge
AED 10,200 /yr
Last sold
AED 840K · April 2022
Building
MAG 318 Tower

About 1620, MAG 318 Tower

1620 is a studio of 441 sqft on the 16th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. It last sold on 1 April 2022 for AED 840,000, or AED 1,904 per sqft, 11% above the AED 1,714 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 20 April 2026, is AED 70,000 a year: a gross yield of 8.3% on the 2022 price, before the service charge of about AED 10,200 a year.

Sales and rents for 1620 over time

Sales
Unit 1620, 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, March 2018: AED 794,138 (AED 1,800 per sqft)Sold, April 2022: AED 840,000 (AED 1,904 per sqft)

1620 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 1620, 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, April 2021: AED 50,000 a yearNew contract, May 2023: AED 75,000 a yearNew contract, May 2024: AED 80,783 a yearNew contract, April 2026: AED 70,000 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 1620 sits

All 316 studios →

1620 last sold in April 2022 at AED 1,904 per sqft, 11% above what studios in MAG 318 Tower were fetching at the time (AED 1,714). 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. 1620's AED 70,000 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 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

1620, MAG 318 Tower in numbers

  • Sold twice: first on 5 March 2018 for AED 794,138, last on 1 April 2022 for AED 840,000 (AED 1,904 per sqft).
  • Rented since April 2021 on 4 Ejari contracts, from AED 50,000 to AED 70,000 a year.
  • At AED 70,000 a year the gross yield on the 2022 price is 8.3%, 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 20 April 2026.

Questions about 1620, MAG 318 Tower

What did unit 1620 last sell for?

AED 840,000 on 1 April 2022: AED 1,904 per sqft for 441 sqft. The unit has 2 registered sales; the first was AED 794,138 in March 2018.

What is the rent for unit 1620?

AED 70,000 a year on the contract signed on 20 April 2026. The previous contract, from May 2024, was AED 80,783; the unit has been rented since April 2021.

How big is unit 1620?

441 sqft (41.0 sqm): a studio on the 16th floor of a 22-storey tower completed in 2020.

What is unit 1620 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 1620, MAG 318 Tower

Starts from the last sale price (AED 840K, 1 April 2022). Switch to today's estimate once you have unlocked it.
Price
AED 840,000
Deposit, UAE resident (20%)
AED 168,000
Deposit, non-resident (40%)
AED 336,000
Monthly over 25 years at 3.7%
AED 3,437

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