1723, MAG 318 Tower
Sold prices and rental history: sold once, by the developer in November 2019, 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 1723, MAG 318 Tower
What is 1723 worth today?
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Source: Dubai Land Department. Updated 28 October 2026.
Key facts
- Type
- Studio apartment
- Size
- 446 sqft
- Floor
- 17th of 22
- Parking
- B2-13
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 10,300 /yr
- Last sold
- AED 783K · November 2019
- Building
- MAG 318 Tower
About 1723, MAG 318 Tower
1723 is a studio of 446 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 November 2019 for AED 783,380, or AED 1,754 per sqft, in line with the AED 1,801 studios in the building were fetching at the time.
It has been rented continuously since 2021 on 6 Ejari contracts. The current contract, signed on 28 October 2026, is AED 63,000 a year: a gross yield of 8.0% on the 2019 price, before the service charge of about AED 10,300 a year.
Sales and rents for 1723 over time
1723 has sold once; 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 1723 sits
All 316 studios →1723 last sold in November 2019 at AED 1,754 per sqft, in line with what studios in MAG 318 Tower were fetching at the time (AED 1,801). 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. 1723's AED 63,000 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 | |
| 1707 | Studio | 432 sqft | AED 945KAED 945,000 · Mar 2023March 2023 | 68,000 /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 | ||
| 1724 | 2-bed | 1,043 sqft | AED 1.78MAED 1,782,000 · Nov 2019November 2019 |
1723, MAG 318 Tower in numbers
- Sold once: by MAG on 24 November 2019 for AED 783,380, or AED 1,754 per sqft.
- Rented since July 2021 on 6 Ejari contracts, from AED 48,000 to AED 63,000 a year.
- At AED 63,000 a year the gross yield on the 2019 price is 8.0%, before a service charge of about AED 10,300 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 28 October 2026.
Questions about 1723, MAG 318 Tower
What did unit 1723 last sell for?
AED 783,380 on 24 November 2019, sold by the developer: AED 1,754 per sqft for 446 sqft. It is the only registered sale of the unit.
What is the rent for unit 1723?
AED 63,000 a year on the contract signed on 28 October 2026. The previous contract, from August 2025, was AED 70,000; the unit has been rented since July 2021.
How big is unit 1723?
446 sqft (41.4 sqm): a studio on the 17th floor of a 22-storey tower completed in 2020.
What is unit 1723 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 1723, MAG 318 Tower
Starts from the last sale price (AED 783K, 24 November 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 783,380
- Deposit, UAE resident (20%)
- AED 156,676
- Deposit, non-resident (40%)
- AED 313,352
- Monthly over 25 years at 3.7%
- AED 3,205
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →