2-bed · 967 sqftMAG 318 Tower, Business Bay · 17th floor · completed 2020

1702, MAG 318 Tower

Name: Yalla Value Property Public Auction LLC
Address: Empire Heights, Office No. B-02-15, Floor P3, Business Bay, Dubai, AE
Telephone: +971585995901

Sold prices and rental history: sold once, by the developer in November 2019, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 1702 · DLD and Ejari recordsUpdated 11 May 2026

Last soldAED 1.77M24 November 2019

Current rentAED 166K /yr11 May 2026

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Today's valuefree after one verification

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Property timeline for 1702, MAG 318 Tower

Today

What is 1702 worth today?

Last sold for AED 1,765,450 in 2019

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11 May 2026

11 May 2026RentedNew contract

AED 166,000/yr12 months · AED 172 per sqft

11 Jan 2026

11 Jan 2026RentedNew contract

AED 143,528/yr12 months · AED 148 per sqft

6 Jun 2024

6 Jun 2024RentedNew contract

AED 190,000/yr12 months · AED 196 per sqft

5 May 2023

5 May 2023RentedNew contract

AED 150,000/yr12 months · AED 155 per sqft

15 Sep 2022

15 Sep 2022RentedNew contract

AED 140,000/yr12 months · AED 145 per sqft

24 Nov 2019

24 Nov 2019Sold by developerOff-plan

AED 1,765,450AED 1,826 per sqft

Source: Dubai Land Department. Updated 11 May 2026.

Key facts

Type: 2-bed apartment
Size: 967 sqft
Floor: 17th of 22
Parking: P1-100
Developer: MAG
Completed: 2020
Service charge: AED 22,300 /yr
Last sold: AED 1.77M · November 2019
Building: MAG 318 Tower

About 1702, MAG 318 Tower

1702 is a two-bedroom apartment of 967 sqft on the 17th 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 1,765,450, or AED 1,826 per sqft, in line with the AED 1,826 two-beds in the building were fetching at the time.

It has been rented continuously since 2022 on 5 Ejari contracts. The current contract, signed on 11 May 2026, is AED 166,000 a year: a gross yield of 9.4% on the 2019 price, before the service charge of about AED 22,300 a year.

Sales and rents for 1702 over time

Sales

Unit 1702, each saleTypical two-bed in MAG 318 Tower

1702 has sold once; the dashed line is the two-bed median of each year in the building.

Rents

Unit 1702, each contractTypical two-bed in MAG 318 Tower

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

2-beds in MAG 318 Tower, and where 1702 sits

All 75 2-beds →

2-beds in MAG 318 Tower · last 12 months2,068 /sqft MAG 318 Tower · all types2,286 /sqft

1702 last sold in November 2019 at AED 1,826 per sqft, in line with what two-beds in MAG 318 Tower were fetching at the time (AED 1,826). Over the last 12 months two-beds sold for AED 2,000,000 to 2,800,000, around AED 2,068 per sqft, and rent for AED 85,000 to 166,000 a year. 1702's AED 166,000 is at the top of that range.

Recent 2-bed sales	Size	Price (AED)	Per sqft
16 Sep 202616 September 2026	967 sqft	2,000,000	2,069
14 Sep 202614 September 2026	1,602 sqft	2,800,000	1,747
12 Feb 202612 February 2026	967 sqft	2,000,000	2,068
29 Aug 202529 August 2025	1,043 sqft	2,250,000	2,156

3 2-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 17th floor

All 439 units in MAG 318 Tower


1701	1-bed	819 sqft	AED 1.57MAED 1,570,000 · Sep 2025September 2025	90,000 /yr
1703	Studio	438 sqft	AED 779KAED 779,000 · Jan 2019January 2019
1704	Studio	433 sqft	AED 990KAED 990,000 · Nov 2023November 2023	60,000 /yr
1705	Studio	432 sqft	AED 779KAED 779,000 · Sep 2018September 2018	68,000 /yr
1706	Studio	433 sqft	AED 779KAED 779,000 · May 2019May 2019	60,000 /yr
1707	Studio	432 sqft	AED 945KAED 945,000 · Mar 2023March 2023	68,000 /yr
1708	Studio	433 sqft	AED 850KAED 850,000 · Oct 2022October 2022	65,000 /yr
1709	Studio	433 sqft	AED 1.1MAED 1,100,000 · Apr 2025April 2025	58,000 /yr
1710	Studio	432 sqft	AED 1.08MAED 1,075,000 · Dec 2020December 2020	80,000 /yr
1711	Studio	436 sqft	AED 1.08MAED 1,075,000 · Dec 2020December 2020	60,000 /yr
1712	2-bed	966 sqft	AED 2.25MAED 2,250,000 · Dec 2020December 2020	155,000 /yr
1713	1-bed	982 sqft	AED 2.05MAED 2,050,000 · Dec 2020December 2020	135,000 /yr
1714	2-bed	1,045 sqft	AED 2.25MAED 2,250,000 · Dec 2020December 2020	128,617 /yr
1715	Studio	444 sqft	AED 786KAED 785,568 · Sep 2018September 2018	80,000 /yr
1716	Studio	440 sqft	AED 786KAED 786,431 · May 2018May 2018	72,000 /yr
1717	Studio	441 sqft	AED 790KAED 790,000 · Jul 2019July 2019	66,000 /yr
1718	Studio	441 sqft	AED 790KAED 790,000 · Jul 2019July 2019	78,000 /yr
1719	Studio	440 sqft	AED 800KAED 800,000 · Jul 2019July 2019	77,000 /yr
1720	Studio	441 sqft	AED 785KAED 785,000 · Mar 2018March 2018	75,000 /yr
1721	Studio	440 sqft	AED 785KAED 785,000 · Jun 2020June 2020
1722	Studio	441 sqft	AED 675KAED 675,000 · Jul 2021July 2021
1723	Studio	446 sqft	AED 783KAED 783,380 · Nov 2019November 2019	63,000 /yr
1724	2-bed	1,043 sqft	AED 1.78MAED 1,782,000 · Nov 2019November 2019

1–7 of 23

1702, MAG 318 Tower in numbers

Sold once: by MAG on 24 November 2019 for AED 1,765,450, or AED 1,826 per sqft.
Rented since September 2022 on 5 Ejari contracts, from AED 140,000 to AED 166,000 a year.
At AED 166,000 a year the gross yield on the 2019 price is 9.4%, before a service charge of about AED 22,300 a year (AED 23.06 per sqft).
Two-beds in MAG 318 Tower sold for AED 2,000,000–2,800,000 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 11 May 2026.

Questions about 1702, MAG 318 Tower

What did unit 1702 last sell for?

AED 1,765,450 on 24 November 2019, sold by the developer: AED 1,826 per sqft for 967 sqft. It is the only registered sale of the unit.

What is the rent for unit 1702?

AED 166,000 a year on the contract signed on 11 May 2026. The previous contract, from January 2026, was AED 143,528; the unit has been rented since September 2022.

How big is unit 1702?

967 sqft (89.8 sqm): a two-bedroom apartment on the 17th floor of a 22-storey tower completed in 2020.

What is unit 1702 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in MAG 318 Tower sold for AED 2,000,000 to 2,800,000 in the last 12 months, around AED 2,068 per sqft.

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Mortgage on 1702, MAG 318 Tower

Starts from the last sale price (AED 1.77M, 24 November 2019). Switch to today's estimate once you have unlocked it.

Price: AED 1,765,450
Deposit, UAE resident (20%): AED 353,090
Deposit, non-resident (40%): AED 706,180
Monthly over 25 years at 3.7%: AED 7,223

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