Home
Dubai prices
About
Research
Studio · 433 sqftMAG 318 Tower, Business Bay · 17th floor · completed 2020

1704, MAG 318 Tower

Sold prices and rental history: sold twice, last in November 2023, and rented once, from September 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1704 · DLD and Ejari recordsUpdated 25 September 2026
Last soldAED 990K16 November 2023
Current rentAED 60K /yr25 September 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 1704

Property timeline for 1704, MAG 318 Tower

What is 1704 worth today?

Last sold for AED 990,000 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 Sep 2026RentedNew contract
AED 60,000/yr12 months · AED 139 per sqft
16 Nov 2023SoldReady
AED 990,000AED 2,286 per sqft
8 Mar 2018Sold by developerOff-plan
AED 779,000AED 1,799 per sqft

Source: Dubai Land Department. Updated 25 September 2026.

Key facts

Type
Studio apartment
Size
433 sqft
Floor
17th of 22
Parking
P1-102
Developer
MAG
Completed
2020
Service charge
AED 10,000 /yr
Last sold
AED 990K · November 2023
Building
MAG 318 Tower

About 1704, MAG 318 Tower

1704 is a studio of 433 sqft on the 17th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. It last sold on 16 November 2023 for AED 990,000, or AED 2,286 per sqft, 6% above the AED 2,159 studios in the building were fetching at the time.

One Ejari contract is registered, from 25 September 2026. The current contract, signed on 25 September 2026, is AED 60,000 a year: a gross yield of 6.1% on the 2023 price, before the service charge of about AED 10,000 a year.

Sales and rents for 1704 over time

Sales
Unit 1704, 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 779,000 (AED 1,799 per sqft)Sold, November 2023: AED 990,000 (AED 2,286 per sqft)

1704 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 1704, each contractTypical studio in MAG 318 Tower
60K2021202320252027Typical 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, September 2026: AED 60,000 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 1704 sits

All 316 studios →

1704 last sold in November 2023 at AED 2,286 per sqft, 6% above what studios in MAG 318 Tower were fetching at the time (AED 2,159). 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. 1704's AED 60,000 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 17th floor

All 439 units in MAG 318 Tower
Value
17011-bedAED 1.57M · Sep 2025
17022-bedAED 1.77M · Nov 2019
1703StudioAED 779K · Jan 2019
1705StudioAED 779K · Sep 2018
1706StudioAED 779K · May 2019
1707StudioAED 945K · Mar 2023
1708StudioAED 850K · Oct 2022
1–7 of 23

1704, MAG 318 Tower in numbers

  • Sold twice: first on 8 March 2018 for AED 779,000, last on 16 November 2023 for AED 990,000 (AED 2,286 per sqft).
  • Rented since September 2026 on one Ejari contract, at AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2023 price is 6.1%, before a service charge of about AED 10,000 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 September 2026.

Questions about 1704, MAG 318 Tower

What did unit 1704 last sell for?

AED 990,000 on 16 November 2023: AED 2,286 per sqft for 433 sqft. The unit has 2 registered sales; the first was AED 779,000 in March 2018.

What is the rent for unit 1704?

AED 60,000 a year on the contract signed on 25 September 2026.

How big is unit 1704?

433 sqft (40.2 sqm): a studio on the 17th floor of a 22-storey tower completed in 2020.

What is unit 1704 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 1704? 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 1704, MAG 318 Tower

Starts from the last sale price (AED 990K, 16 November 2023). Switch to today's estimate once you have unlocked it.
Price
AED 990,000
Deposit, UAE resident (20%)
AED 198,000
Deposit, non-resident (40%)
AED 396,000
Monthly over 25 years at 3.7%
AED 4,050

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