2023, MAG 318 Tower
Sold prices and rental history: sold once, by the developer in July 2021, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2023, MAG 318 Tower
What is 2023 worth today?
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Source: Dubai Land Department. Updated 25 October 2026.
Key facts
- Type
- Studio apartment
- Size
- 446 sqft
- Floor
- 20th of 22
- Parking
- B2-80
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 10,300 /yr
- Last sold
- AED 898K · July 2021
- Building
- MAG 318 Tower
About 2023, MAG 318 Tower
2023 is a studio of 446 sqft on the 20th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. The developer sold it on 26 July 2021 for AED 897,809, or AED 2,011 per sqft, 3% above the AED 1,947 studios in the building were fetching at the time.
It has been rented continuously since 2021 on 7 Ejari contracts. The current contract, signed on 25 October 2026, is AED 60,000 a year: a gross yield of 6.7% on the 2021 price, before the service charge of about AED 10,300 a year.
Sales and rents for 2023 over time
2023 has sold once; the dashed line is the studio median of each year in the building.
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 2023 sits
All 316 studios →2023 last sold in July 2021 at AED 2,011 per sqft, 3% above what studios in MAG 318 Tower were fetching at the time (AED 1,947). 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. 2023's AED 60,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 22 Oct 202622 October 2026 | 432 sqft | 850,000 | 1,968 | ||
| 27 Aug 202627 August 2026 | 433 sqft | 920,000 | 2,125 | ||
| 7 Aug 20267 August 2026 | 440 sqft | 850,000 | 1,932 | ||
| 21 Jul 202621 July 2026 | 441 sqft | 850,000 | 1,926 |
MAG 318 Tower
Building439 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%
Other units on the 20th floor
All 439 units in MAG 318 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2001 | 1-bed | 819 sqft | AED 1.8MAED 1,800,000 · Apr 2025April 2025 | ||
| 2002 | 2-bed | 967 sqft | AED 1.8MAED 1,795,761 · Aug 2021August 2021 | 155,000 /yr | |
| 2003 | Studio | 438 sqft | AED 919KAED 918,683 · Jan 2021January 2021 | 55,000 /yr | |
| 2004 | Studio | 433 sqft | AED 970KAED 970,000 · Sep 2023September 2023 | 52,500 /yr | |
| 2005 | Studio | 432 sqft | AED 930KAED 930,000 · Jul 2023July 2023 | 60,000 /yr | |
| 2006 | Studio | 433 sqft | AED 912KAED 912,405 · Aug 2021August 2021 | 75,000 /yr | |
| 2007 | Studio | 432 sqft | AED 980KAED 980,000 · Dec 2023December 2023 | 55,000 /yr | |
| 2008 | Studio | 433 sqft | AED 933KAED 933,000 · Jan 2021January 2021 | 70,000 /yr | |
| 2009 | Studio | 433 sqft | AED 1.02MAED 1,020,000 · Aug 2025August 2025 | 65,000 /yr | |
| 2010 | Studio | 432 sqft | AED 1.01MAED 1,010,000 · Jun 2021June 2021 | 78,000 /yr | |
| 2011 | Studio | 436 sqft | AED 1.01MAED 1,010,000 · Jun 2021June 2021 | 60,000 /yr | |
| 2012 | 2-bed | 966 sqft | AED 2.03MAED 2,027,430 · Jan 2021January 2021 | 140,000 /yr | |
| 2013 | 1-bed | 982 sqft | AED 2.05MAED 2,050,000 · Dec 2020December 2020 | 135,000 /yr | |
| 2014 | 2-bed | 1,045 sqft | AED 2.3MAED 2,300,000 · Dec 2020December 2020 | 105,000 /yr | |
| 2015 | Studio | 444 sqft | AED 965KAED 965,000 · Jun 2021June 2021 | 55,000 /yr | |
| 2016 | Studio | 440 sqft | AED 965KAED 965,000 · Jun 2021June 2021 | 60,000 /yr | |
| 2017 | Studio | 441 sqft | AED 934KAED 934,231 · Jan 2021January 2021 | 60,000 /yr | |
| 2018 | Studio | 441 sqft | AED 934KAED 934,231 · Jan 2021January 2021 | 73,000 /yr | |
| 2019 | Studio | 440 sqft | AED 886KAED 886,472 · Nov 2020November 2020 | 55,000 /yr | |
| 2020 | Studio | 441 sqft | AED 907KAED 907,020 · Apr 2020April 2020 | 70,000 /yr | |
| 2021 | Studio | 440 sqft | AED 767KAED 766,979 · Aug 2021August 2021 | 60,000 /yr | |
| 2022 | Studio | 441 sqft | AED 740KAED 740,000 · Aug 2021August 2021 | ||
| 2024 | 2-bed | 1,043 sqft | AED 2.11MAED 2,114,610 · Sep 2020September 2020 | 120,000 /yr |
2023, MAG 318 Tower in numbers
- Sold once: by MAG on 26 July 2021 for AED 897,809, or AED 2,011 per sqft.
- Rented since August 2021 on 7 Ejari contracts, from AED 48,000 to AED 60,000 a year.
- At AED 60,000 a year the gross yield on the 2021 price is 6.7%, 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 25 October 2026.
Questions about 2023, MAG 318 Tower
What did unit 2023 last sell for?
AED 897,809 on 26 July 2021, sold by the developer: AED 2,011 per sqft for 446 sqft. It is the only registered sale of the unit.
What is the rent for unit 2023?
AED 60,000 a year on the contract signed on 25 October 2026. The previous contract, from October 2025, was AED 80,000; the unit has been rented since August 2021.
How big is unit 2023?
446 sqft (41.4 sqm): a studio on the 20th floor of a 22-storey tower completed in 2020.
What is unit 2023 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 2023, MAG 318 Tower
Starts from the last sale price (AED 898K, 26 July 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 897,809
- Deposit, UAE resident (20%)
- AED 179,562
- Deposit, non-resident (40%)
- AED 359,124
- Monthly over 25 years at 3.7%
- AED 3,673
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →