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Studio · 433 sqftMAG 318 Tower, Business Bay · 17th floor · completed 2020

1708, MAG 318 Tower

Sold prices and rental history: sold twice, last in October 2022, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1708 · DLD and Ejari recordsUpdated 1 February 2023
Last soldAED 850K24 October 2022
Current rentAED 65K /yr1 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1708, MAG 318 Tower

What is 1708 worth today?

Last sold for AED 850,000 in 2022

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1 Feb 2023RentedNew contract
AED 65,000/yr12 months · AED 151 per sqft
24 Oct 2022SoldReady
AED 850,000AED 1,963 per sqft
1 Feb 2022RentedNew contract
AED 60,000/yr12 months · AED 139 per sqft
15 Apr 2019Sold by developerOff-plan
AED 810,305AED 1,871 per sqft

Source: Dubai Land Department. Updated 1 February 2023.

Key facts

Type
Studio apartment
Size
433 sqft
Floor
17th of 22
Parking
P1-106
Developer
MAG
Completed
2020
Service charge
AED 10,000 /yr
Last sold
AED 850K · October 2022
Building
MAG 318 Tower

About 1708, MAG 318 Tower

1708 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 24 October 2022 for AED 850,000, or AED 1,963 per sqft, 7% above the AED 1,841 studios in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 1 February 2023, is AED 65,000 a year: a gross yield of 7.6% on the 2022 price, before the service charge of about AED 10,000 a year.

Sales and rents for 1708 over time

Sales
Unit 1708, 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, April 2019: AED 810,305 (AED 1,871 per sqft)Sold, October 2022: AED 850,000 (AED 1,963 per sqft)

1708 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 1708, 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, February 2022: AED 60,000 a yearNew contract, February 2023: AED 65,000 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 1708 sits

All 316 studios →

1708 last sold in October 2022 at AED 1,963 per sqft, 7% above what studios in MAG 318 Tower were fetching at the time (AED 1,841). 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. 1708's AED 65,000 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 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
1704StudioAED 990K · Nov 2023
1705StudioAED 779K · Sep 2018
1706StudioAED 779K · May 2019
1707StudioAED 945K · Mar 2023
1–7 of 23

1708, MAG 318 Tower in numbers

  • Sold twice: first on 15 April 2019 for AED 810,305, last on 24 October 2022 for AED 850,000 (AED 1,963 per sqft).
  • Rented since February 2022 on 2 Ejari contracts, from AED 60,000 to AED 65,000 a year.
  • At AED 65,000 a year the gross yield on the 2022 price is 7.6%, 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 1 February 2023.

Questions about 1708, MAG 318 Tower

What did unit 1708 last sell for?

AED 850,000 on 24 October 2022: AED 1,963 per sqft for 433 sqft. The unit has 2 registered sales; the first was AED 810,305 in April 2019.

What is the rent for unit 1708?

AED 65,000 a year on the contract signed on 1 February 2023. The previous contract, from February 2022, was AED 60,000.

How big is unit 1708?

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

What is unit 1708 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 1708, MAG 318 Tower

Starts from the last sale price (AED 850K, 24 October 2022). Switch to today's estimate once you have unlocked it.
Price
AED 850,000
Deposit, UAE resident (20%)
AED 170,000
Deposit, non-resident (40%)
AED 340,000
Monthly over 25 years at 3.7%
AED 3,478

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