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Studio · 440 sqftMAG 318 Tower, Business Bay · 17th floor · completed 2020

1716, MAG 318 Tower

Sold prices and rental history: sold once, by the developer in May 2018, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1716 · DLD and Ejari recordsUpdated 1 July 2025
Last soldAED 786K15 May 2018
Current rentAED 72K /yr1 July 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1716, MAG 318 Tower

What is 1716 worth today?

Last sold for AED 786,431 in 2018

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1 Jul 2025RentedRenewal
AED 72,000/yr24 months · AED 163 per sqft
1 Jul 2023RentedRenewal
AED 70,000/yr24 months · AED 159 per sqft
1 Jul 2022RentedNew contract
AED 70,000/yr12 months · AED 159 per sqft
25 Jun 2021RentedNew contract
AED 59,000/yr12 months · AED 134 per sqft
15 May 2018Sold by developerOff-plan
AED 786,431AED 1,787 per sqft

Source: Dubai Land Department. Updated 1 July 2025.

Key facts

Type
Studio apartment
Size
440 sqft
Floor
17th of 22
Parking
B2-06
Developer
MAG
Completed
2020
Service charge
AED 10,100 /yr
Last sold
AED 786K · May 2018
Building
MAG 318 Tower

About 1716, MAG 318 Tower

1716 is a studio of 440 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 15 May 2018 for AED 786,431, or AED 1,787 per sqft, in line with the AED 1,800 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, renewed on 1 July 2025, is AED 72,000 a year: a gross yield of 9.2% on the 2018 price, before the service charge of about AED 10,100 a year.

Sales and rents for 1716 over time

Sales
Unit 1716, 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 786,431 (AED 1,787 per sqft)

1716 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 1716, 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, June 2021: AED 59,000 a yearNew contract, July 2022: AED 70,000 a yearRenewal, July 2023: AED 70,000 a yearRenewal, July 2025: AED 72,000 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 1716 sits

All 316 studios →

1716 last sold in May 2018 at AED 1,787 per sqft, in line with what studios in MAG 318 Tower were fetching at the time (AED 1,800). 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. 1716's AED 72,000 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
1704StudioAED 990K · Nov 2023
1705StudioAED 779K · Sep 2018
1706StudioAED 779K · May 2019
1707StudioAED 945K · Mar 2023
1–7 of 23

1716, MAG 318 Tower in numbers

  • Sold once: by MAG on 15 May 2018 for AED 786,431, or AED 1,787 per sqft.
  • Rented since June 2021 on 4 Ejari contracts, from AED 59,000 to AED 72,000 a year.
  • At AED 72,000 a year the gross yield on the 2018 price is 9.2%, before a service charge of about AED 10,100 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 July 2025.

Questions about 1716, MAG 318 Tower

What did unit 1716 last sell for?

AED 786,431 on 15 May 2018, sold by the developer: AED 1,787 per sqft for 440 sqft. It is the only registered sale of the unit.

What is the rent for unit 1716?

AED 72,000 a year on the contract renewed on 1 July 2025. The previous contract, from July 2023, was AED 70,000; the unit has been rented since June 2021.

How big is unit 1716?

440 sqft (40.9 sqm): a studio on the 17th floor of a 22-storey tower completed in 2020.

What is unit 1716 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 1716, MAG 318 Tower

Starts from the last sale price (AED 786K, 15 May 2018). Switch to today's estimate once you have unlocked it.
Price
AED 786,431
Deposit, UAE resident (20%)
AED 157,286
Deposit, non-resident (40%)
AED 314,572
Monthly over 25 years at 3.7%
AED 3,218

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