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2-bed · 967 sqftMAG 318 Tower, Business Bay · 5th floor · completed 2020

502, MAG 318 Tower

Sold prices and rental history: sold once, by the developer in April 2021, and rented once, from August 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 502 · DLD and Ejari recordsUpdated 11 August 2025
Last soldAED 1.59M1 April 2021
Current rentAED 125K /yr11 August 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 502, MAG 318 Tower

What is 502 worth today?

Last sold for AED 1,590,765 in 2021

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11 Aug 2025RentedNew contract
AED 125,000/yr12 months · AED 129 per sqft
1 Apr 2021Sold by developerReady
AED 1,590,765AED 1,645 per sqft

Source: Dubai Land Department. Updated 11 August 2025.

Key facts

Type
2-bed apartment
Size
967 sqft
Floor
5th of 22
Parking
P3-10
Developer
MAG
Completed
2020
Service charge
AED 22,300 /yr
Last sold
AED 1.59M · April 2021
Building
MAG 318 Tower

About 502, MAG 318 Tower

502 is a two-bedroom apartment of 967 sqft on the 5th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. The developer sold it on 1 April 2021 for AED 1,590,765, or AED 1,645 per sqft, 24% below the AED 2,152 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 11 August 2025. The current contract, signed on 11 August 2025, is AED 125,000 a year: a gross yield of 7.9% on the 2021 price, before the service charge of about AED 22,300 a year.

Sales and rents for 502 over time

Sales
Unit 502, each saleTypical two-bed in MAG 318 Tower
1.5M2M2018202120242027Typical sale price by year: 2018 AED 1,781,294; 2019 AED 1,782,000; 2020 AED 2,250,000; 2021 AED 1,855,087; 2022 AED 1,357,005; 2024 AED 2,120,000; 2025 AED 2,100,000; 2026 AED 2,000,000Sold by developer, April 2021: AED 1,590,765 (AED 1,645 per sqft)

502 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 502, each contractTypical two-bed in MAG 318 Tower
100K125K150K2021202320252027Typical rent by year: 2021 AED 100,000; 2022 AED 120,000; 2023 AED 125,000; 2024 AED 143,000; 2025 AED 145,000; 2026 AED 136,764New contract, August 2025: AED 125,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in MAG 318 Tower, and where 502 sits

All 75 2-beds →

502 last sold in April 2021 at AED 1,645 per sqft, 24% below what two-beds in MAG 318 Tower were fetching at the time (AED 2,152). Over the last 12 months two-beds sold for AED 2,000,000 to 2,800,000, around AED 2,068 per sqft, and rent for AED 85,000 to 166,000 a year. 502's AED 125,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
16 Sep 20262,000,000
14 Sep 20262,800,000
12 Feb 20262,000,000
29 Aug 20252,250,000
3 2-bed 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 5th floor

All 439 units in MAG 318 Tower
Value
5011-bedAED 1.58M · Aug 2024
503StudioAED 745K · Nov 2021
504StudioAED 690K · Jun 2021
505StudioAED 787K · Jan 2018
506StudioAED 780K · Mar 2019
507StudioAED 787K · Jan 2019
508StudioAED 775K · Jul 2018
1–7 of 21

502, MAG 318 Tower in numbers

  • Sold once: by MAG on 1 April 2021 for AED 1,590,765, or AED 1,645 per sqft.
  • Rented since August 2025 on one Ejari contract, at AED 125,000 a year.
  • At AED 125,000 a year the gross yield on the 2021 price is 7.9%, before a service charge of about AED 22,300 a year (AED 23.06 per sqft).
  • Two-beds in MAG 318 Tower sold for AED 2,000,000–2,800,000 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 August 2025.

Questions about 502, MAG 318 Tower

What did unit 502 last sell for?

AED 1,590,765 on 1 April 2021, sold by the developer: AED 1,645 per sqft for 967 sqft. It is the only registered sale of the unit.

What is the rent for unit 502?

AED 125,000 a year on the contract signed on 11 August 2025.

How big is unit 502?

967 sqft (89.8 sqm): a two-bedroom apartment on the 5th floor of a 22-storey tower completed in 2020.

What is unit 502 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in MAG 318 Tower sold for AED 2,000,000 to 2,800,000 in the last 12 months, around AED 2,068 per sqft.

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Mortgage on 502, MAG 318 Tower

Starts from the last sale price (AED 1.59M, 1 April 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,590,765
Deposit, UAE resident (20%)
AED 318,153
Deposit, non-resident (40%)
AED 636,306
Monthly over 25 years at 3.7%
AED 6,508

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