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2-bed · 1,044 sqftMAG 318 Tower, Business Bay · 5th floor · completed 2020

513, MAG 318 Tower

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

Unit 513 · DLD and Ejari recordsUpdated 7 September 2026
Last soldAED 1.85M4 November 2021
Current rentAED 110K /yr7 September 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 513, MAG 318 Tower

What is 513 worth today?

Last sold for AED 1,850,000 in 2021

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7 Sep 2026RentedNew contract
AED 110,000/yr12 months · AED 105 per sqft
20 Nov 2021RentedNew contract
AED 140,000/yr12 months · AED 134 per sqft
4 Nov 2021Sold by developerReady
AED 1,850,000AED 1,772 per sqft

Source: Dubai Land Department. Updated 7 September 2026.

Key facts

Type
2-bed apartment
Size
1,044 sqft
Floor
5th of 22
Parking
P3-21
Developer
MAG
Completed
2020
Service charge
AED 24,100 /yr
Last sold
AED 1.85M · November 2021
Building
MAG 318 Tower

About 513, MAG 318 Tower

513 is a two-bedroom apartment of 1,044 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 4 November 2021 for AED 1,850,000, or AED 1,772 per sqft, 18% below the AED 2,152 two-beds in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, signed on 7 September 2026, is AED 110,000 a year: a gross yield of 5.9% on the 2021 price, before the service charge of about AED 24,100 a year.

Sales and rents for 513 over time

Sales
Unit 513, 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, November 2021: AED 1,850,000 (AED 1,772 per sqft)

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

Rents
Unit 513, 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, November 2021: AED 140,000 a yearNew contract, September 2026: AED 110,000 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 513 sits

All 75 2-beds →

513 last sold in November 2021 at AED 1,772 per sqft, 18% 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. 513's AED 110,000 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
5022-bedAED 1.59M · Apr 2021
503StudioAED 745K · Nov 2021
504StudioAED 690K · Jun 2021
505StudioAED 787K · Jan 2018
506StudioAED 780K · Mar 2019
507StudioAED 787K · Jan 2019
1–7 of 21

513, MAG 318 Tower in numbers

  • Sold once: by MAG on 4 November 2021 for AED 1,850,000, or AED 1,772 per sqft.
  • Rented since November 2021 on 2 Ejari contracts, from AED 140,000 to AED 110,000 a year.
  • At AED 110,000 a year the gross yield on the 2021 price is 5.9%, before a service charge of about AED 24,100 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 7 September 2026.

Questions about 513, MAG 318 Tower

What did unit 513 last sell for?

AED 1,850,000 on 4 November 2021, sold by the developer: AED 1,772 per sqft for 1,044 sqft. It is the only registered sale of the unit.

What is the rent for unit 513?

AED 110,000 a year on the contract signed on 7 September 2026. The previous contract, from November 2021, was AED 140,000.

How big is unit 513?

1,044 sqft (97.0 sqm): a two-bedroom apartment on the 5th floor of a 22-storey tower completed in 2020.

What is unit 513 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 513, MAG 318 Tower

Starts from the last sale price (AED 1.85M, 4 November 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,850,000
Deposit, UAE resident (20%)
AED 370,000
Deposit, non-resident (40%)
AED 740,000
Monthly over 25 years at 3.7%
AED 7,569

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