Home
Dubai prices
About
Blog
Studio · 433 sqftMAG 318 Tower, Business Bay · 18th floor · completed 2020

1804, MAG 318 Tower

Sold prices and rental history: sold once, by the developer in June 2019, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1804 · DLD and Ejari recordsUpdated 2 January 2024
Last soldAED 760K9 June 2019
Current rentAED 77K /yr2 January 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 1804

Property timeline for 1804, MAG 318 Tower

What is 1804 worth today?

Last sold for AED 760,000 in 2019

Unlock today's estimate, updated daily, with

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

2 Jan 2024RentedRenewal
AED 77,000/yr12 months · AED 179 per sqft
2 Jan 2023RentedRenewal
AED 73,000/yr12 months · AED 170 per sqft
9 Jun 2019Sold by developerOff-plan
AED 760,000AED 1,755 per sqft

Source: Dubai Land Department. Updated 2 January 2024.

Key facts

Type
Studio apartment
Size
433 sqft
Floor
18th of 22
Parking
B2-16
Developer
MAG
Completed
2020
Service charge
AED 10,000 /yr
Last sold
AED 760K · June 2019
Building
MAG 318 Tower

About 1804, MAG 318 Tower

1804 is a studio of 433 sqft on the 18th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. The developer sold it on 9 June 2019 for AED 760,000, or AED 1,755 per sqft, in line with the AED 1,796 studios in the building were fetching at the time.

It has been rented since 2023 on 2 Ejari contracts. The current contract, renewed on 2 January 2024, is AED 77,000 a year: a gross yield of 10.1% on the 2019 price, before the service charge of about AED 10,000 a year.

Sales and rents for 1804 over time

Sales
Unit 1804, 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, June 2019: AED 760,000 (AED 1,755 per sqft)

1804 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 1804, 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 60,000Renewal, January 2023: AED 73,000 a yearRenewal, January 2024: AED 77,000 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 1804 sits

All 316 studios →

1804 last sold in June 2019 at AED 1,755 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. 1804's AED 77,000 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 18th floor

All 439 units in MAG 318 Tower
Value
18011-bedAED 1.75M · Jul 2026
18022-bedAED 2.15M · Aug 2025
1803StudioAED 824K · Sep 2020
1805StudioAED 861K · Jun 2022
1806StudioAED 1.08M · Dec 2020
1807StudioAED 1.08M · Dec 2020
1808StudioAED 846K · Mar 2021
1–7 of 23

1804, MAG 318 Tower in numbers

  • Sold once: by MAG on 9 June 2019 for AED 760,000, or AED 1,755 per sqft.
  • Rented since January 2023 on 2 Ejari contracts, from AED 73,000 to AED 77,000 a year.
  • At AED 77,000 a year the gross yield on the 2019 price is 10.1%, 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 2 January 2024.

Questions about 1804, MAG 318 Tower

What did unit 1804 last sell for?

AED 760,000 on 9 June 2019, sold by the developer: AED 1,755 per sqft for 433 sqft. It is the only registered sale of the unit.

What is the rent for unit 1804?

AED 77,000 a year on the contract renewed on 2 January 2024. The previous contract, from January 2023, was AED 73,000.

How big is unit 1804?

433 sqft (40.2 sqm): a studio on the 18th floor of a 22-storey tower completed in 2020.

What is unit 1804 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 1804? 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 1804, MAG 318 Tower

Starts from the last sale price (AED 760K, 9 June 2019). Switch to today's estimate once you have unlocked it.
Price
AED 760,000
Deposit, UAE resident (20%)
AED 152,000
Deposit, non-resident (40%)
AED 304,000
Monthly over 25 years at 3.7%
AED 3,109

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