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1-bed · 821 sqftMAG 318 Tower, Business Bay · 6th floor · completed 2020

601, MAG 318 Tower

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

Unit 601 · DLD and Ejari recordsUpdated 20 April 2026
Last soldAED 1.1M7 July 2021
Current rentAED 100K /yr20 April 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 601, MAG 318 Tower

What is 601 worth today?

Last sold for AED 1,100,000 in 2021

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20 Apr 2026RentedNew contract
AED 100,000/yr12 months · AED 122 per sqft
17 Dec 2025RentedNew contract
AED 120,000/yr12 months · AED 146 per sqft
7 Jul 2021Sold by developerReady
AED 1,100,000AED 1,340 per sqft

Source: Dubai Land Department. Updated 20 April 2026.

Key facts

Type
1-bed apartment
Size
821 sqft
Floor
6th of 22
Parking
P3-31
Developer
MAG
Completed
2020
Service charge
AED 18,900 /yr
Last sold
AED 1.1M · July 2021
Building
MAG 318 Tower

About 601, MAG 318 Tower

601 is a one-bedroom apartment of 821 sqft on the 6th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. The developer sold it on 7 July 2021 for AED 1,100,000, or AED 1,340 per sqft, 36% below the AED 2,086 one-beds in the building were fetching at the time.

It has been rented since 2025 on 2 Ejari contracts. The current contract, signed on 20 April 2026, is AED 100,000 a year: a gross yield of 9.1% on the 2021 price, before the service charge of about AED 18,900 a year.

Sales and rents for 601 over time

Sales
Unit 601, each saleTypical one-bed in MAG 318 Tower
1M1.5M2M2018202120242027Typical sale price by year: 2018 AED 1,486,232; 2019 AED 1,462,000; 2020 AED 2,050,000; 2021 AED 1,594,787; 2026 AED 1,732,516Sold by developer, July 2021: AED 1,100,000 (AED 1,340 per sqft)

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

Rents
Unit 601, each contractTypical one-bed in MAG 318 Tower
80K100K120K2021202320252027Typical rent by year: 2021 AED 83,000; 2022 AED 95,000; 2023 AED 105,000; 2024 AED 120,000; 2025 AED 120,000; 2026 AED 95,000New contract, December 2025: AED 120,000 a yearNew contract, April 2026: AED 100,000 a year

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 601 sits

All 48 1-beds →

601 last sold in July 2021 at AED 1,340 per sqft, 36% below what one-beds in MAG 318 Tower were fetching at the time (AED 2,086). 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. 601's AED 100,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
27 Jul 20261,732,516
1 Jul 20261,750,000
22 Jan 20261,710,000
18 Sep 20251,570,000
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 6th floor

All 439 units in MAG 318 Tower
Value
6022-bedAED 2.25M · Dec 2020
603StudioAED 756K · May 2018
604StudioAED 940K · Jun 2023
605StudioAED 1.08M · Dec 2020
606StudioAED 874K · Nov 2019
607StudioAED 775K · Jul 2018
608StudioAED 880K · Nov 2022
1–7 of 21

601, MAG 318 Tower in numbers

  • Sold once: by MAG on 7 July 2021 for AED 1,100,000, or AED 1,340 per sqft.
  • Rented since December 2025 on 2 Ejari contracts, from AED 120,000 to AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2021 price is 9.1%, before a service charge of about AED 18,900 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 20 April 2026.

Questions about 601, MAG 318 Tower

What did unit 601 last sell for?

AED 1,100,000 on 7 July 2021, sold by the developer: AED 1,340 per sqft for 821 sqft. It is the only registered sale of the unit.

What is the rent for unit 601?

AED 100,000 a year on the contract signed on 20 April 2026. The previous contract, from December 2025, was AED 120,000.

How big is unit 601?

821 sqft (76.3 sqm): a one-bedroom apartment on the 6th floor of a 22-storey tower completed in 2020.

What is unit 601 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 601, MAG 318 Tower

Starts from the last sale price (AED 1.1M, 7 July 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,100,000
Deposit, UAE resident (20%)
AED 220,000
Deposit, non-resident (40%)
AED 440,000
Monthly over 25 years at 3.7%
AED 4,500

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