1707, MAG 318 Tower
Sold prices and rental history: sold twice, last in March 2023, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1707, MAG 318 Tower
What is 1707 worth today?
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Source: Dubai Land Department. Updated 14 December 2025.
Key facts
- Type
- Studio apartment
- Size
- 432 sqft
- Floor
- 17th of 22
- Parking
- P1-105
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 10,000 /yr
- Last sold
- AED 945K · March 2023
- Building
- MAG 318 Tower
About 1707, MAG 318 Tower
1707 is a studio of 432 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 23 March 2023 for AED 945,000, or AED 2,189 per sqft, 6% above the AED 2,061 studios in the building were fetching at the time.
It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, renewed on 14 December 2025, is AED 68,000 a year: a gross yield of 7.2% on the 2023 price, before the service charge of about AED 10,000 a year.
Sales and rents for 1707 over time
1707 has sold twice; the dashed line is the studio median of each year in the building.
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 1707 sits
All 316 studios →1707 last sold in March 2023 at AED 2,189 per sqft, 6% above what studios in MAG 318 Tower were fetching at the time (AED 2,061). 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. 1707's AED 68,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 22 Oct 202622 October 2026 | 432 sqft | 850,000 | 1,968 | ||
| 27 Aug 202627 August 2026 | 433 sqft | 920,000 | 2,125 | ||
| 7 Aug 20267 August 2026 | 440 sqft | 850,000 | 1,932 | ||
| 21 Jul 202621 July 2026 | 441 sqft | 850,000 | 1,926 |
MAG 318 Tower
Building439 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%
Other units on the 17th floor
All 439 units in MAG 318 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1701 | 1-bed | 819 sqft | AED 1.57MAED 1,570,000 · Sep 2025September 2025 | 90,000 /yr | |
| 1702 | 2-bed | 967 sqft | AED 1.77MAED 1,765,450 · Nov 2019November 2019 | 166,000 /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 | |
| 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 |
1707, MAG 318 Tower in numbers
- Sold twice: first on 27 June 2019 for AED 781,467, last on 23 March 2023 for AED 945,000 (AED 2,189 per sqft).
- Rented since December 2021 on 5 Ejari contracts, from AED 60,000 to AED 68,000 a year.
- At AED 68,000 a year the gross yield on the 2023 price is 7.2%, 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 14 December 2025.
Questions about 1707, MAG 318 Tower
What did unit 1707 last sell for?
AED 945,000 on 23 March 2023: AED 2,189 per sqft for 432 sqft. The unit has 2 registered sales; the first was AED 781,467 in June 2019.
What is the rent for unit 1707?
AED 68,000 a year on the contract renewed on 14 December 2025. The previous contract, from December 2024, was AED 65,000; the unit has been rented since December 2021.
How big is unit 1707?
432 sqft (40.1 sqm): a studio on the 17th floor of a 22-storey tower completed in 2020.
What is unit 1707 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 1707, MAG 318 Tower
Starts from the last sale price (AED 945K, 23 March 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 945,000
- Deposit, UAE resident (20%)
- AED 189,000
- Deposit, non-resident (40%)
- AED 378,000
- Monthly over 25 years at 3.7%
- AED 3,866
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →