Home
Dubai prices
About
Blog
Studio · 441 sqftMAG 318 Tower, Business Bay · 16th floor · completed 2020

1622, MAG 318 Tower

Sold prices and rental history: sold once, by the developer in May 2018, and rented since 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1622 · DLD and Ejari recordsUpdated 20 October 2026
Last soldAED 792K9 May 2018
Current rentAED 56K /yr20 October 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 1622

Property timeline for 1622, MAG 318 Tower

What is 1622 worth today?

Last sold for AED 792,257 in 2018

Unlock today's estimate, updated daily, with

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

20 Oct 2026RentedNew contract
AED 56,000/yr6 months · AED 127 per sqft
3 Jan 2026RentedRenewal
AED 79,572/yr12 months · AED 185 per sqft
5 Jan 2025RentedRenewal
AED 80,000/yr12 months · AED 181 per sqft
9 May 2018Sold by developerOff-plan
AED 792,257AED 1,796 per sqft

Source: Dubai Land Department. Updated 20 October 2026.

Key facts

Type
Studio apartment
Size
441 sqft
Floor
16th of 22
Parking
P1-96
Developer
MAG
Completed
2020
Service charge
AED 10,200 /yr
Last sold
AED 792K · May 2018
Building
MAG 318 Tower

About 1622, MAG 318 Tower

1622 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. The developer sold it on 9 May 2018 for AED 792,257, or AED 1,796 per sqft, in line with the AED 1,805 studios in the building were fetching at the time.

It has been rented since 2025 on 3 Ejari contracts. The current contract, signed on 20 October 2026, is AED 56,000 a year: a gross yield of 7.1% on the 2018 price, before the service charge of about AED 10,200 a year.

Sales and rents for 1622 over time

Sales
Unit 1622, 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, May 2018: AED 792,257 (AED 1,796 per sqft)

1622 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 1622, 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 60,000Renewal, January 2025: AED 80,000 a yearRenewal, January 2026: AED 79,572 a yearNew contract, October 2026: AED 56,000 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 1622 sits

All 316 studios →

1622 last sold in May 2018 at AED 1,796 per sqft, in line with what studios in MAG 318 Tower were fetching at the time (AED 1,805). 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. 1622's AED 56,000 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 78K /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

1622, MAG 318 Tower in numbers

  • Sold once: by MAG on 9 May 2018 for AED 792,257, or AED 1,796 per sqft.
  • Rented since January 2025 on 3 Ejari contracts, from AED 80,000 to AED 56,000 a year.
  • At AED 56,000 a year the gross yield on the 2018 price is 7.1%, 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 October 2026.

Questions about 1622, MAG 318 Tower

What did unit 1622 last sell for?

AED 792,257 on 9 May 2018, sold by the developer: AED 1,796 per sqft for 441 sqft. It is the only registered sale of the unit.

What is the rent for unit 1622?

AED 56,000 a year on the contract signed on 20 October 2026. The previous contract, from January 2026, was AED 79,572; the unit has been rented since January 2025.

How big is unit 1622?

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

What is unit 1622 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 1622? 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 1622, MAG 318 Tower

Starts from the last sale price (AED 792K, 9 May 2018). Switch to today's estimate once you have unlocked it.
Price
AED 792,257
Deposit, UAE resident (20%)
AED 158,451
Deposit, non-resident (40%)
AED 316,903
Monthly over 25 years at 3.7%
AED 3,241

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