1-bed · 890 sqftMAG 318 Tower, Business Bay · 5th floor · completed 2020

514, 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 June 2019, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 514 · DLD and Ejari recordsUpdated 1 June 2026

Last soldAED 1.42M27 June 2019

Current rentAED 130K /yr1 June 2026

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 514, MAG 318 Tower

Today

What is 514 worth today?

Last sold for AED 1,418,500 in 2019

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1 Jun 2026

1 Jun 2026RentedRenewal

AED 130,000/yr12 months · AED 146 per sqft

1 Jun 2026

1 Jun 2026RentedRenewal

AED 90,000/yr12 months · AED 101 per sqft

1 Jun 2025

1 Jun 2025RentedNew contract

AED 120,000/yr12 months · AED 134 per sqft

1 Jun 2025

1 Jun 2025RentedNew contract

AED 120,000/yr12 months · AED 134 per sqft

19 May 2024

19 May 2024RentedRenewal

AED 110,000/yr12 months · AED 123 per sqft

19 May 2023

19 May 2023RentedNew contract

AED 105,000/yr12 months · AED 118 per sqft

26 Apr 2021

26 Apr 2021RentedNew contract

AED 65,175/yr12 months · AED 73 per sqft

27 Jun 2019

27 Jun 2019Sold by developerOff-plan

AED 1,418,500AED 1,594 per sqft

Source: Dubai Land Department. Updated 1 June 2026.

Key facts

Type: 1-bed apartment
Size: 890 sqft
Floor: 5th of 22
Parking: P3-22
Developer: MAG
Completed: 2020
Service charge: AED 20,500 /yr
Last sold: AED 1.42M · June 2019
Building: MAG 318 Tower

About 514, MAG 318 Tower

514 is a one-bedroom apartment of 890 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 27 June 2019 for AED 1,418,500, or AED 1,594 per sqft, 5% below the AED 1,676 one-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 7 Ejari contracts. The current contract, renewed on 1 June 2026, is AED 130,000 a year: a gross yield of 9.2% on the 2019 price, before the service charge of about AED 20,500 a year.

Sales and rents for 514 over time

Sales

Unit 514, each saleTypical one-bed in MAG 318 Tower

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

Rents

Unit 514, each contractTypical one-bed in MAG 318 Tower

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 514 sits

All 48 1-beds →

1-beds in MAG 318 Tower · last 12 months1,763 /sqft MAG 318 Tower · all types2,286 /sqft

514 last sold in June 2019 at AED 1,594 per sqft, 5% below what one-beds in MAG 318 Tower were fetching at the time (AED 1,676). 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. 514's AED 130,000 is in the upper half of that range.

Recent 1-bed sales	Size	Price (AED)	Per sqft
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

3 1-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


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
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
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

514, MAG 318 Tower in numbers

Sold once: by MAG on 27 June 2019 for AED 1,418,500, or AED 1,594 per sqft.
Rented since April 2021 on 7 Ejari contracts, from AED 65,175 to AED 130,000 a year.
At AED 130,000 a year the gross yield on the 2019 price is 9.2%, before a service charge of about AED 20,500 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 June 2026.

Questions about 514, MAG 318 Tower

What did unit 514 last sell for?

AED 1,418,500 on 27 June 2019, sold by the developer: AED 1,594 per sqft for 890 sqft. It is the only registered sale of the unit.

What is the rent for unit 514?

AED 130,000 a year on the contract renewed on 1 June 2026. The previous contract, from June 2026, was AED 90,000; the unit has been rented since April 2021.

How big is unit 514?

890 sqft (82.7 sqm): a one-bedroom apartment on the 5th floor of a 22-storey tower completed in 2020.

What is unit 514 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 514, MAG 318 Tower

Starts from the last sale price (AED 1.42M, 27 June 2019). Switch to today's estimate once you have unlocked it.

Price: AED 1,418,500
Deposit, UAE resident (20%): AED 283,700
Deposit, non-resident (40%): AED 567,400
Monthly over 25 years at 3.7%: AED 5,804

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