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Studio · 432 sqftMAG 318 Tower, Business Bay · 19th floor · completed 2020

1910, MAG 318 Tower

Sold prices and rental history: sold twice, last in November 2022, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1910 · DLD and Ejari recordsUpdated 15 November 2022
Last soldAED 875K15 November 2022
Current rentAED 60K /yr5 September 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1910, MAG 318 Tower

What is 1910 worth today?

Last sold for AED 875,000 in 2022

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15 Nov 2022SoldReady
AED 875,000AED 2,026 per sqft
5 Sep 2022RentedNew contract
AED 60,000/yr12 months · AED 139 per sqft
5 Sep 2021RentedNew contract
AED 52,000/yr12 months · AED 121 per sqft
18 Apr 2021Sold by developerReady
AED 680,000AED 1,574 per sqft

Source: Dubai Land Department. Updated 15 November 2022.

Key facts

Type
Studio apartment
Size
432 sqft
Floor
19th of 22
Parking
B2-43
Developer
MAG
Completed
2020
Service charge
AED 10,000 /yr
Last sold
AED 875K · November 2022
Building
MAG 318 Tower

About 1910, MAG 318 Tower

1910 is a studio of 432 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 15 November 2022 for AED 875,000, or AED 2,026 per sqft, 8% above the AED 1,877 studios in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, signed on 5 September 2022, is AED 60,000 a year: a gross yield of 6.9% on the 2022 price, before the service charge of about AED 10,000 a year.

Sales and rents for 1910 over time

Sales
Unit 1910, 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, April 2021: AED 680,000 (AED 1,574 per sqft)Sold, November 2022: AED 875,000 (AED 2,026 per sqft)

1910 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 1910, 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, September 2021: AED 52,000 a yearNew contract, September 2022: AED 60,000 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 1910 sits

All 316 studios →

1910 last sold in November 2022 at AED 2,026 per sqft, 8% above what studios in MAG 318 Tower were fetching at the time (AED 1,877). 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. 1910's AED 60,000 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

1910, MAG 318 Tower in numbers

  • Sold twice: first on 18 April 2021 for AED 680,000, last on 15 November 2022 for AED 875,000 (AED 2,026 per sqft).
  • Rented since September 2021 on 2 Ejari contracts, from AED 52,000 to AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2022 price is 6.9%, 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 15 November 2022.

Questions about 1910, MAG 318 Tower

What did unit 1910 last sell for?

AED 875,000 on 15 November 2022: AED 2,026 per sqft for 432 sqft. The unit has 2 registered sales; the first was AED 680,000 in April 2021.

What is the rent for unit 1910?

AED 60,000 a year on the contract signed on 5 September 2022. The previous contract, from September 2021, was AED 52,000.

How big is unit 1910?

432 sqft (40.1 sqm): a studio on the 19th floor of a 22-storey tower completed in 2020.

What is unit 1910 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 1910, MAG 318 Tower

Starts from the last sale price (AED 875K, 15 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 875,000
Deposit, UAE resident (20%)
AED 175,000
Deposit, non-resident (40%)
AED 350,000
Monthly over 25 years at 3.7%
AED 3,580

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