Home
Dubai prices
About
Research
Studio · 441 sqftMAG 318 Tower, Business Bay · 17th floor · completed 2020

1718, MAG 318 Tower

Sold prices and rental history: sold once, by the developer in July 2019, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1718 · DLD and Ejari recordsUpdated 15 December 2025
Last soldAED 790K24 July 2019
Current rentAED 78K /yr15 December 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 1718

Property timeline for 1718, MAG 318 Tower

What is 1718 worth today?

Last sold for AED 790,000 in 2019

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

15 Dec 2025RentedRenewal
AED 78,000/yr12 months · AED 177 per sqft
15 Dec 2024RentedNew contract
AED 78,000/yr12 months · AED 177 per sqft
9 Dec 2023RentedNew contract
AED 75,000/yr12 months · AED 170 per sqft
10 Dec 2022RentedNew contract
AED 70,000/yr12 months · AED 159 per sqft
1 Oct 2021RentedNew contract
AED 60,000/yr12 months · AED 136 per sqft
24 Jul 2019Sold by developerOff-plan
AED 790,000AED 1,790 per sqft

Source: Dubai Land Department. Updated 15 December 2025.

Key facts

Type
Studio apartment
Size
441 sqft
Floor
17th of 22
Parking
B2-08
Developer
MAG
Completed
2020
Service charge
AED 10,200 /yr
Last sold
AED 790K · July 2019
Building
MAG 318 Tower

About 1718, MAG 318 Tower

1718 is a studio of 441 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 July 2019 for AED 790,000, or AED 1,790 per sqft, in line with the AED 1,796 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 15 December 2025, is AED 78,000 a year: a gross yield of 9.9% on the 2019 price, before the service charge of about AED 10,200 a year.

Sales and rents for 1718 over time

Sales
Unit 1718, 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, July 2019: AED 790,000 (AED 1,790 per sqft)

1718 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 1718, each contractTypical studio in MAG 318 Tower
60K80K2021202320252027Typical 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, October 2021: AED 60,000 a yearNew contract, December 2022: AED 70,000 a yearNew contract, December 2023: AED 75,000 a yearNew contract, December 2024: AED 78,000 a yearRenewal, December 2025: AED 78,000 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 1718 sits

All 316 studios →

1718 last sold in July 2019 at AED 1,790 per sqft, in line with what studios in MAG 318 Tower were fetching at the time (AED 1,796). 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. 1718's AED 78,000 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

1718, MAG 318 Tower in numbers

  • Sold once: by MAG on 24 July 2019 for AED 790,000, or AED 1,790 per sqft.
  • Rented since October 2021 on 5 Ejari contracts, from AED 60,000 to AED 78,000 a year.
  • At AED 78,000 a year the gross yield on the 2019 price is 9.9%, before a service charge of about AED 10,200 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 15 December 2025.

Questions about 1718, MAG 318 Tower

What did unit 1718 last sell for?

AED 790,000 on 24 July 2019, sold by the developer: AED 1,790 per sqft for 441 sqft. It is the only registered sale of the unit.

What is the rent for unit 1718?

AED 78,000 a year on the contract renewed on 15 December 2025. The previous contract, from December 2024, was AED 78,000; the unit has been rented since October 2021.

How big is unit 1718?

441 sqft (41.0 sqm): a studio on the 17th floor of a 22-storey tower completed in 2020.

What is unit 1718 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 1718? 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 1718, MAG 318 Tower

Starts from the last sale price (AED 790K, 24 July 2019). Switch to today's estimate once you have unlocked it.
Price
AED 790,000
Deposit, UAE resident (20%)
AED 158,000
Deposit, non-resident (40%)
AED 316,000
Monthly over 25 years at 3.7%
AED 3,232

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