Home
Dubai prices
About
Research
Studio · 440 sqftMAG 318 Tower, Business Bay · 16th floor · completed 2020

1621, MAG 318 Tower

Sold prices and rental history: sold 3 times, last in July 2023, and rented since 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1621 · DLD and Ejari recordsUpdated 25 August 2026
Last soldAED 953K13 July 2023
Current rentAED 52K /yr25 August 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 1621

Property timeline for 1621, MAG 318 Tower

What is 1621 worth today?

Last sold for AED 953,000 in 2023

Unlock today's estimate, updated daily, with

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

25 Aug 2026RentedNew contract
AED 52,000/yr12 months · AED 118 per sqft
28 Jul 2025RentedNew contract
AED 72,000/yr12 months · AED 163 per sqft
29 Jan 2025RentedNew contract
AED 85,000/yr12 months · AED 193 per sqft
13 Jul 2023SoldReady
AED 953,000AED 2,166 per sqft
2 Feb 2022SoldReady
AED 750,000AED 1,705 per sqft
17 Dec 2017Sold by developerOff-plan
AED 773,723AED 1,759 per sqft

Source: Dubai Land Department. Updated 25 August 2026.

Key facts

Type
Studio apartment
Size
440 sqft
Floor
16th of 22
Parking
P1-95
Developer
MAG
Completed
2020
Service charge
AED 10,100 /yr
Last sold
AED 953K · July 2023
Building
MAG 318 Tower

About 1621, MAG 318 Tower

1621 is a studio of 440 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 13 July 2023 for AED 953,000, or AED 2,166 per sqft, 3% above the AED 2,096 studios in the building were fetching at the time.

It has been rented since 2025 on 3 Ejari contracts. The current contract, signed on 25 August 2026, is AED 52,000 a year: a gross yield of 5.5% on the 2023 price, before the service charge of about AED 10,100 a year.

Sales and rents for 1621 over time

Sales
Unit 1621, 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, December 2017: AED 773,723 (AED 1,759 per sqft)Sold, February 2022: AED 750,000 (AED 1,705 per sqft)Sold, July 2023: AED 953,000 (AED 2,166 per sqft)

1621 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 1621, 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, January 2025: AED 85,000 a yearNew contract, July 2025: AED 72,000 a yearNew contract, August 2026: AED 52,000 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 1621 sits

All 316 studios →

1621 last sold in July 2023 at AED 2,166 per sqft, 3% above what studios in MAG 318 Tower were fetching at the time (AED 2,096). 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. 1621's AED 52,000 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

1621, MAG 318 Tower in numbers

  • Sold 3 times: first on 17 December 2017 for AED 773,723, last on 13 July 2023 for AED 953,000 (AED 2,166 per sqft).
  • Rented since January 2025 on 3 Ejari contracts, from AED 85,000 to AED 52,000 a year.
  • At AED 52,000 a year the gross yield on the 2023 price is 5.5%, 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 25 August 2026.

Questions about 1621, MAG 318 Tower

What did unit 1621 last sell for?

AED 953,000 on 13 July 2023: AED 2,166 per sqft for 440 sqft. The unit has 3 registered sales; the first was AED 773,723 in December 2017.

What is the rent for unit 1621?

AED 52,000 a year on the contract signed on 25 August 2026. The previous contract, from July 2025, was AED 72,000; the unit has been rented since January 2025.

How big is unit 1621?

440 sqft (40.9 sqm): a studio on the 16th floor of a 22-storey tower completed in 2020.

What is unit 1621 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 1621? 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 1621, MAG 318 Tower

Starts from the last sale price (AED 953K, 13 July 2023). Switch to today's estimate once you have unlocked it.
Price
AED 953,000
Deposit, UAE resident (20%)
AED 190,600
Deposit, non-resident (40%)
AED 381,200
Monthly over 25 years at 3.7%
AED 3,899

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