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

1908, MAG 318 Tower

Sold prices and rental history: sold 3 times, last in July 2023, and rented once, from January 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1908 · DLD and Ejari recordsUpdated 11 July 2023
Last soldAED 990K11 July 2023
Current rentAED 65K /yr4 January 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1908, MAG 318 Tower

What is 1908 worth today?

Last sold for AED 990,000 in 2023

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11 Jul 2023SoldReady
AED 990,000AED 2,286 per sqft
7 Dec 2022SoldReady
AED 900,000AED 2,078 per sqft
4 Jan 2022RentedNew contract
AED 65,000/yr12 months · AED 151 per sqft
3 Jul 2018Sold by developerOff-plan
AED 760,000AED 1,755 per sqft

Source: Dubai Land Department. Updated 11 July 2023.

Key facts

Type
Studio apartment
Size
433 sqft
Floor
19th of 22
Parking
B2-41
Developer
MAG
Completed
2020
Service charge
AED 10,000 /yr
Last sold
AED 990K · July 2023
Building
MAG 318 Tower

About 1908, MAG 318 Tower

1908 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. It last sold on 11 July 2023 for AED 990,000, or AED 2,286 per sqft, 10% above the AED 2,087 studios in the building were fetching at the time.

One Ejari contract is registered, from 4 January 2022. The current contract, signed on 4 January 2022, is AED 65,000 a year: a gross yield of 6.6% on the 2023 price, before the service charge of about AED 10,000 a year.

Sales and rents for 1908 over time

Sales
Unit 1908, 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 2018: AED 760,000 (AED 1,755 per sqft)Sold, December 2022: AED 900,000 (AED 2,078 per sqft)Sold, July 2023: AED 990,000 (AED 2,286 per sqft)

1908 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 1908, 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, January 2022: AED 65,000 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 1908 sits

All 316 studios →

1908 last sold in July 2023 at AED 2,286 per sqft, 10% above what studios in MAG 318 Tower were fetching at the time (AED 2,087). 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. 1908's AED 65,000 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
1906StudioAED 1.08M · Dec 2020
1907StudioAED 890K · Jan 2023
1–7 of 23

1908, MAG 318 Tower in numbers

  • Sold 3 times: first on 3 July 2018 for AED 760,000, last on 11 July 2023 for AED 990,000 (AED 2,286 per sqft).
  • Rented since January 2022 on one Ejari contract, at AED 65,000 a year.
  • At AED 65,000 a year the gross yield on the 2023 price is 6.6%, 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 11 July 2023.

Questions about 1908, MAG 318 Tower

What did unit 1908 last sell for?

AED 990,000 on 11 July 2023: AED 2,286 per sqft for 433 sqft. The unit has 3 registered sales; the first was AED 760,000 in July 2018.

What is the rent for unit 1908?

AED 65,000 a year on the contract signed on 4 January 2022.

How big is unit 1908?

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

What is unit 1908 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 1908, MAG 318 Tower

Starts from the last sale price (AED 990K, 11 July 2023). Switch to today's estimate once you have unlocked it.
Price
AED 990,000
Deposit, UAE resident (20%)
AED 198,000
Deposit, non-resident (40%)
AED 396,000
Monthly over 25 years at 3.7%
AED 4,050

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