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

507, MAG 318 Tower

Name: Yalla Value Property Public Auction LLC
Address: Empire Heights, Office No. B-02-15, Floor P3, Business Bay, Dubai, AE
Telephone: +971585995901

Sold prices and rental history: sold once, by the developer in January 2019, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 507 · DLD and Ejari recordsUpdated 13 January 2019

Last soldAED 787K13 January 2019

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Today's valuefree after one verification

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Property timeline for 507, MAG 318 Tower

Today

What is 507 worth today?

Last sold for AED 787,000 in 2019

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13 Jan 2019

13 Jan 2019Sold by developerOff-plan

AED 787,000AED 1,823 per sqft

Source: Dubai Land Department. Updated 13 January 2019.

Key facts

Type: Studio apartment
Size: 432 sqft
Floor: 5th of 22
Parking: P3-15
Developer: MAG
Completed: 2020
Service charge: AED 10,000 /yr
Last sold: AED 787K · January 2019
Building: MAG 318 Tower

About 507, MAG 318 Tower

507 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 13 January 2019 for AED 787,000, or AED 1,823 per sqft, in line with the AED 1,796 studios in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 507 over time

Sales

Unit 507, each saleTypical studio in MAG 318 Tower

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

Rents

Unit 507, each contractTypical studio in MAG 318 Tower

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 507 sits

All 316 studios →

Studios in MAG 318 Tower · last 12 months2,387 /sqft MAG 318 Tower · all types2,286 /sqft

507 last sold in January 2019 at AED 1,823 per sqft, in line with what studios in MAG 318 Tower were fetching at the time (AED 1,796). 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.

Recent studio sales	Size	Price (AED)	Per sqft
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

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 78K /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


501	1-bed	821 sqft	AED 1.58MAED 1,580,000 · Aug 2024August 2024	110,000 /yr
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
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

1–7 of 21

507, MAG 318 Tower in numbers

Sold once: by MAG on 13 January 2019 for AED 787,000, or AED 1,823 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 13 January 2019.

Questions about 507, MAG 318 Tower

What did unit 507 last sell for?

AED 787,000 on 13 January 2019, sold by the developer: AED 1,823 per sqft for 432 sqft. It is the only registered sale of the unit.

How big is unit 507?

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

What is unit 507 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 507, MAG 318 Tower

Starts from the last sale price (AED 787K, 13 January 2019). Switch to today's estimate once you have unlocked it.

Price: AED 787,000
Deposit, UAE resident (20%): AED 157,400
Deposit, non-resident (40%): AED 314,800
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 →