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Studio · 433 sqftMAG 318 Tower, Business Bay · 19th floor · completed 2020

1906, MAG 318 Tower

Sold prices and rental history: sold once, by the developer in December 2020, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1906 · DLD and Ejari recordsUpdated 17 December 2023
Last soldAED 1.08M22 December 2020
Current rentAED 80K /yr17 December 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1906, MAG 318 Tower

What is 1906 worth today?

Last sold for AED 1,075,000 in 2020

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17 Dec 2023RentedNew contract
AED 80,000/yr12 months · AED 185 per sqft
25 Oct 2021RentedNew contract
AED 57,000/yr12 months · AED 132 per sqft
22 Dec 2020Sold by developerOff-plan
AED 1,075,000AED 2,483 per sqft

Source: Dubai Land Department. Updated 17 December 2023.

Key facts

Type
Studio apartment
Size
433 sqft
Floor
19th of 22
Parking
B2-39
Developer
MAG
Completed
2020
Service charge
AED 10,000 /yr
Last sold
AED 1.08M · December 2020
Building
MAG 318 Tower

About 1906, MAG 318 Tower

1906 is a studio of 433 sqft on the 19th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. The developer sold it on 22 December 2020 for AED 1,075,000, or AED 2,483 per sqft, 25% above the AED 1,993 studios in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, signed on 17 December 2023, is AED 80,000 a year: a gross yield of 7.4% on the 2020 price, before the service charge of about AED 10,000 a year.

Sales and rents for 1906 over time

Sales
Unit 1906, 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, December 2020: AED 1,075,000 (AED 2,483 per sqft)

1906 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 1906, 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 57,000 a yearNew contract, December 2023: AED 80,000 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 1906 sits

All 316 studios →

1906 last sold in December 2020 at AED 2,483 per sqft, 25% above what studios in MAG 318 Tower were fetching at the time (AED 1,993). 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. 1906's AED 80,000 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 19th floor

All 439 units in MAG 318 Tower
Value
19011-bedAED 1.35M · Sep 2021
19022-bedAED 1.88M · Jan 2021
1903StudioAED 774K · Jun 2018
1904StudioAED 809K · Jan 2018
1905StudioAED 760K · Sep 2018
1907StudioAED 890K · Jan 2023
1908StudioAED 990K · Jul 2023
1–7 of 23

1906, MAG 318 Tower in numbers

  • Sold once: by MAG on 22 December 2020 for AED 1,075,000, or AED 2,483 per sqft.
  • Rented since October 2021 on 2 Ejari contracts, from AED 57,000 to AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2020 price is 7.4%, 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 17 December 2023.

Questions about 1906, MAG 318 Tower

What did unit 1906 last sell for?

AED 1,075,000 on 22 December 2020, sold by the developer: AED 2,483 per sqft for 433 sqft. It is the only registered sale of the unit.

What is the rent for unit 1906?

AED 80,000 a year on the contract signed on 17 December 2023. The previous contract, from October 2021, was AED 57,000.

How big is unit 1906?

433 sqft (40.2 sqm): a studio on the 19th floor of a 22-storey tower completed in 2020.

What is unit 1906 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 1906, MAG 318 Tower

Starts from the last sale price (AED 1.08M, 22 December 2020). Switch to today's estimate once you have unlocked it.
Price
AED 1,075,000
Deposit, UAE resident (20%)
AED 215,000
Deposit, non-resident (40%)
AED 430,000
Monthly over 25 years at 3.7%
AED 4,398

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