501, MAG 318 Tower
Sold prices and rental history: sold twice, last in August 2024, 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 501, MAG 318 Tower
What is 501 worth today?
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Source: Dubai Land Department. Updated 1 May 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 821 sqft
- Floor
- 5th of 22
- Parking
- P3-09
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 18,900 /yr
- Last sold
- AED 1.58M · August 2024
- Building
- MAG 318 Tower
About 501, MAG 318 Tower
501 is a one-bedroom apartment of 821 sqft on the 5th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. It last sold on 2 August 2024 for AED 1,580,000, or AED 1,924 per sqft.
It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, signed on 1 May 2026, is AED 110,000 a year: a gross yield of 7.0% on the 2024 price, before the service charge of about AED 18,900 a year.
Sales and rents for 501 over time
501 has sold twice; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in MAG 318 Tower, and where 501 sits
All 48 1-beds →Over the last 12 months one-beds sold for AED 1,710,000 to 1,750,000, around AED 1,763 per sqft, and rent for AED 79,500 to 135,000 a year. 501's AED 110,000 is in the upper half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 27 Jul 202627 July 2026 | 982 sqft | 1,732,516 | 1,763 | ||
| 1 Jul 20261 July 2026 | 819 sqft | 1,750,000 | 2,136 | ||
| 22 Jan 202622 January 2026 | 982 sqft | 1,710,000 | 1,740 | ||
| 18 Sep 202518 September 2025 | 819 sqft | 1,570,000 | 1,916 |
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 78K /yr
- Typical yield
- 6.1%
Other units on the 5th floor
All 439 units in MAG 318 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 502 | 2-bed | 967 sqft | AED 1.59MAED 1,590,765 · Apr 2021April 2021 | 125,000 /yr | |
| 503 | Studio | 438 sqft | AED 745KAED 745,000 · Nov 2021November 2021 | ||
| 504 | Studio | 433 sqft | AED 690KAED 690,000 · Jun 2021June 2021 | ||
| 505 | Studio | 432 sqft | AED 787KAED 787,097 · Jan 2018January 2018 | 80,000 /yr | |
| 506 | Studio | 433 sqft | AED 780KAED 780,000 · Mar 2019March 2019 | 70,000 /yr | |
| 507 | Studio | 432 sqft | AED 787KAED 787,000 · Jan 2019January 2019 | ||
| 508 | Studio | 433 sqft | AED 775KAED 775,000 · Jul 2018July 2018 | 75,000 /yr | |
| 509 | Studio | 434 sqft | AED 650KAED 650,000 · May 2021May 2021 | 58,000 /yr | |
| 510 | 1-bed | 874 sqft | AED 1.96MAED 1,955,000 · Dec 2020December 2020 | 130,000 /yr | |
| 511 | 2-bed | 967 sqft | AED 2.3MAED 2,300,000 · Dec 2020December 2020 | 100,000 /yr | |
| 512 | 1-bed | 982 sqft | AED 1.65MAED 1,650,000 · Dec 2021December 2021 | 130,000 /yr | |
| 513 | 2-bed | 1,044 sqft | AED 1.85MAED 1,850,000 · Nov 2021November 2021 | 110,000 /yr | |
| 514 | 1-bed | 890 sqft | AED 1.42MAED 1,418,500 · Jun 2019June 2019 | 90,000 /yr | |
| 515 | Studio | 442 sqft | AED 768KAED 767,900 · Dec 2018December 2018 | 80,000 /yr | |
| 516 | Studio | 441 sqft | AED 804KAED 803,500 · May 2019May 2019 | 55,500 /yr | |
| 517 | Studio | 440 sqft | AED 769KAED 768,750 · Apr 2019April 2019 | 69,300 /yr | |
| 518 | Studio | 441 sqft | AED 774KAED 774,441 · Aug 2018August 2018 | 57,000 /yr | |
| 519 | Studio | 440 sqft | AED 1.23MAED 1,225,000 · Jul 2025July 2025 | 84,000 /yr | |
| 520 | Studio | 441 sqft | AED 775KAED 775,330 · Mar 2020March 2020 | ||
| 521 | Studio | 446 sqft | AED 775KAED 774,600 · Jan 2018January 2018 | 55,000 /yr | |
| 522 | 2-bed | 1,042 sqft | AED 1.86MAED 1,856,292 · Jan 2021January 2021 | 110,000 /yr |
501, MAG 318 Tower in numbers
- Sold twice: first on 7 January 2021 for AED 1,594,787, last on 2 August 2024 for AED 1,580,000 (AED 1,924 per sqft).
- Rented since July 2021 on 5 Ejari contracts, from AED 82,000 to AED 110,000 a year.
- At AED 110,000 a year the gross yield on the 2024 price is 7.0%, before a service charge of about AED 18,900 a year (AED 23.06 per sqft).
- One-beds in MAG 318 Tower sold for AED 1,710,000–1,750,000 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 1 May 2026.
Questions about 501, MAG 318 Tower
What did unit 501 last sell for?
AED 1,580,000 on 2 August 2024: AED 1,924 per sqft for 821 sqft. The unit has 2 registered sales; the first was AED 1,594,787 in January 2021.
What is the rent for unit 501?
AED 110,000 a year on the contract signed on 1 May 2026. The previous contract, from August 2024, was AED 130,000; the unit has been rented since July 2021.
How big is unit 501?
821 sqft (76.3 sqm): a one-bedroom apartment on the 5th floor of a 22-storey tower completed in 2020.
What is unit 501 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in MAG 318 Tower sold for AED 1,710,000 to 1,750,000 in the last 12 months, around AED 1,763 per sqft.
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Mortgage on 501, MAG 318 Tower
Starts from the last sale price (AED 1.58M, 2 August 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,580,000
- Deposit, UAE resident (20%)
- AED 316,000
- Deposit, non-resident (40%)
- AED 632,000
- Monthly over 25 years at 3.7%
- AED 6,464
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →