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Studio · 446 sqftMAG 318 Tower, Business Bay · 18th floor · completed 2020

1823, MAG 318 Tower

Sold prices and rental history: sold twice, last in December 2023, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1823 · DLD and Ejari recordsUpdated 8 July 2025
Last soldAED 1M8 December 2023
Current rentAED 75K /yr8 July 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1823, MAG 318 Tower

What is 1823 worth today?

Last sold for AED 1,000,000 in 2023

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8 Jul 2025RentedRenewal
AED 75,000/yr12 months · AED 170 per sqft
8 Jul 2024RentedNew contract
AED 75,000/yr12 months · AED 170 per sqft
8 Dec 2023SoldReady
AED 1,000,000AED 2,240 per sqft
3 Sep 2018Sold by developerOff-plan
AED 794,539AED 1,779 per sqft

Source: Dubai Land Department. Updated 8 July 2025.

Key facts

Type
Studio apartment
Size
446 sqft
Floor
18th of 22
Parking
B2-33
Developer
MAG
Completed
2020
Service charge
AED 10,300 /yr
Last sold
AED 1M · December 2023
Building
MAG 318 Tower

About 1823, MAG 318 Tower

1823 is a studio of 446 sqft on the 18th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. It last sold on 8 December 2023 for AED 1,000,000, or AED 2,240 per sqft, 3% above the AED 2,165 studios in the building were fetching at the time.

It has been rented since 2024 on 2 Ejari contracts. The current contract, renewed on 8 July 2025, is AED 75,000 a year: a gross yield of 7.5% on the 2023 price, before the service charge of about AED 10,300 a year.

Sales and rents for 1823 over time

Sales
Unit 1823, 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, September 2018: AED 794,539 (AED 1,779 per sqft)Sold, December 2023: AED 1,000,000 (AED 2,240 per sqft)

1823 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 1823, 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, July 2024: AED 75,000 a yearRenewal, July 2025: AED 75,000 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 1823 sits

All 316 studios →

1823 last sold in December 2023 at AED 2,240 per sqft, 3% above what studios in MAG 318 Tower were fetching at the time (AED 2,165). 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. 1823's AED 75,000 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 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
1804StudioAED 760K · Jun 2019
1805StudioAED 861K · Jun 2022
1806StudioAED 1.08M · Dec 2020
1807StudioAED 1.08M · Dec 2020
1–7 of 23

1823, MAG 318 Tower in numbers

  • Sold twice: first on 3 September 2018 for AED 794,539, last on 8 December 2023 for AED 1,000,000 (AED 2,240 per sqft).
  • Rented since July 2024 on 2 Ejari contracts, at AED 75,000 a year.
  • At AED 75,000 a year the gross yield on the 2023 price is 7.5%, 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 8 July 2025.

Questions about 1823, MAG 318 Tower

What did unit 1823 last sell for?

AED 1,000,000 on 8 December 2023: AED 2,240 per sqft for 446 sqft. The unit has 2 registered sales; the first was AED 794,539 in September 2018.

What is the rent for unit 1823?

AED 75,000 a year on the contract renewed on 8 July 2025. The previous contract, from July 2024, was AED 75,000.

How big is unit 1823?

446 sqft (41.4 sqm): a studio on the 18th floor of a 22-storey tower completed in 2020.

What is unit 1823 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 1823, MAG 318 Tower

Starts from the last sale price (AED 1M, 8 December 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,000,000
Deposit, UAE resident (20%)
AED 200,000
Deposit, non-resident (40%)
AED 400,000
Monthly over 25 years at 3.7%
AED 4,091

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