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Studio · 432 sqftMAG 318 Tower, Business Bay · 5th floor · completed 2020

505, MAG 318 Tower

Sold prices and rental history: sold once, by the developer in January 2018, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 505 · DLD and Ejari recordsUpdated 20 September 2025
Last soldAED 787K22 January 2018
Current rentAED 80K /yr20 September 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 505, MAG 318 Tower

What is 505 worth today?

Last sold for AED 787,097 in 2018

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20 Sep 2025RentedNew contract
AED 80,000/yr12 months · AED 186 per sqft
15 Oct 2023RentedNew contract
AED 80,000/yr12 months · AED 185 per sqft
20 Sep 2022RentedRenewal
AED 66,000/yr12 months · AED 153 per sqft
20 Sep 2021RentedNew contract
AED 60,000/yr12 months · AED 139 per sqft
22 Jan 2018Sold by developerOff-plan
AED 787,097AED 1,823 per sqft

Source: Dubai Land Department. Updated 20 September 2025.

Key facts

Type
Studio apartment
Size
432 sqft
Floor
5th of 22
Parking
P3-13
Developer
MAG
Completed
2020
Service charge
AED 10,000 /yr
Last sold
AED 787K · January 2018
Building
MAG 318 Tower

About 505, MAG 318 Tower

505 is a studio of 432 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 22 January 2018 for AED 787,097, or AED 1,823 per sqft, in line with the AED 1,819 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, signed on 20 September 2025, is AED 80,000 a year: a gross yield of 10.2% on the 2018 price, before the service charge of about AED 10,000 a year.

Sales and rents for 505 over time

Sales
Unit 505, 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, January 2018: AED 787,097 (AED 1,823 per sqft)

505 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 505, each contractTypical studio in MAG 318 Tower
60K80K2021202320252027Typical 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 60,000 a yearRenewal, September 2022: AED 66,000 a yearNew contract, October 2023: AED 80,000 a yearNew contract, September 2025: AED 80,000 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 505 sits

All 316 studios →

505 last sold in January 2018 at AED 1,823 per sqft, in line with what studios in MAG 318 Tower were fetching at the time (AED 1,819). 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. 505's AED 80,000 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 5th floor

All 439 units in MAG 318 Tower
Value
5011-bedAED 1.58M · Aug 2024
5022-bedAED 1.59M · Apr 2021
503StudioAED 745K · Nov 2021
504StudioAED 690K · Jun 2021
506StudioAED 780K · Mar 2019
507StudioAED 787K · Jan 2019
508StudioAED 775K · Jul 2018
1–7 of 21

505, MAG 318 Tower in numbers

  • Sold once: by MAG on 22 January 2018 for AED 787,097, or AED 1,823 per sqft.
  • Rented since September 2021 on 4 Ejari contracts, from AED 60,000 to AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2018 price is 10.2%, 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 20 September 2025.

Questions about 505, MAG 318 Tower

What did unit 505 last sell for?

AED 787,097 on 22 January 2018, sold by the developer: AED 1,823 per sqft for 432 sqft. It is the only registered sale of the unit.

What is the rent for unit 505?

AED 80,000 a year on the contract signed on 20 September 2025. The previous contract, from October 2023, was AED 80,000; the unit has been rented since September 2021.

How big is unit 505?

432 sqft (40.1 sqm): a studio on the 5th floor of a 22-storey tower completed in 2020.

What is unit 505 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 505, MAG 318 Tower

Starts from the last sale price (AED 787K, 22 January 2018). Switch to today's estimate once you have unlocked it.
Price
AED 787,097
Deposit, UAE resident (20%)
AED 157,419
Deposit, non-resident (40%)
AED 314,839
Monthly over 25 years at 3.7%
AED 3,220

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