602, MAG 318 Tower
Sold prices and rental history: sold once, by the developer in December 2020, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 602, MAG 318 Tower
What is 602 worth today?
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Source: Dubai Land Department. Updated 15 December 2020.
Key facts
- Type
- 2-bed apartment
- Size
- 967 sqft
- Floor
- 6th of 22
- Parking
- P3-32
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 22,300 /yr
- Last sold
- AED 2.25M · December 2020
- Building
- MAG 318 Tower
About 602, MAG 318 Tower
602 is a two-bedroom apartment of 967 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 15 December 2020 for AED 2,250,000, or AED 2,327 per sqft, 6% above the AED 2,200 two-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 602 over time
602 has sold once; the dashed line is the two-bed median of each year in the building.
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 602 sits
All 75 2-beds →602 last sold in December 2020 at AED 2,327 per sqft, 6% above what two-beds in MAG 318 Tower were fetching at the time (AED 2,200). 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.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 16 Sep 202616 September 2026 | 967 sqft | 2,000,000 | 2,069 | ||
| 14 Sep 202614 September 2026 | 1,602 sqft | 2,800,000 | 1,747 | ||
| 12 Feb 202612 February 2026 | 967 sqft | 2,000,000 | 2,068 | ||
| 29 Aug 202529 August 2025 | 1,043 sqft | 2,250,000 | 2,156 |
MAG 318 Tower
Building439 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%
Other units on the 6th floor
All 439 units in MAG 318 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 601 | 1-bed | 821 sqft | AED 1.1MAED 1,100,000 · Jul 2021July 2021 | 100,000 /yr | |
| 603 | Studio | 438 sqft | AED 756KAED 756,000 · May 2018May 2018 | 85,000 /yr | |
| 604 | Studio | 433 sqft | AED 940KAED 940,000 · Jun 2023June 2023 | 55,000 /yr | |
| 605 | Studio | 432 sqft | AED 1.08MAED 1,075,000 · Dec 2020December 2020 | 75,000 /yr | |
| 606 | Studio | 433 sqft | AED 874KAED 874,460 · Nov 2019November 2019 | 60,000 /yr | |
| 607 | Studio | 432 sqft | AED 775KAED 775,000 · Jul 2018July 2018 | 75,000 /yr | |
| 608 | Studio | 433 sqft | AED 880KAED 880,000 · Nov 2022November 2022 | 82,500 /yr | |
| 609 | Studio | 434 sqft | AED 1.07MAED 1,069,000 · Jul 2026July 2026 | 60,000 /yr | |
| 610 | 1-bed | 874 sqft | AED 1.53MAED 1,526,609 · Oct 2020October 2020 | 100,000 /yr | |
| 611 | 2-bed | 967 sqft | AED 1.7MAED 1,700,000 · Dec 2022December 2022 | 115,000 /yr | |
| 612 | 1-bed | 982 sqft | AED 1.98MAED 1,977,000 · Jun 2021June 2021 | 84,000 /yr | |
| 613 | 2-bed | 1,044 sqft | AED 1.36MAED 1,357,005 · Nov 2022November 2022 | 145,000 /yr | |
| 614 | 1-bed | 890 sqft | AED 1.42MAED 1,422,900 · Apr 2020April 2020 | 120,000 /yr | |
| 615 | Studio | 442 sqft | AED 824KAED 823,513 · Feb 2019February 2019 | 60,000 /yr | |
| 616 | Studio | 441 sqft | AED 824KAED 824,418 · Feb 2019February 2019 | 58,000 /yr | |
| 617 | Studio | 440 sqft | AED 824KAED 823,513 · Feb 2019February 2019 | 60,000 /yr | |
| 618 | Studio | 441 sqft | AED 824KAED 824,418 · Feb 2019February 2019 | 60,000 /yr | |
| 619 | Studio | 440 sqft | AED 824KAED 823,513 · Feb 2019February 2019 | 63,000 /yr | |
| 620 | Studio | 441 sqft | AED 1.23MAED 1,230,000 · Jul 2025July 2025 | 120,000 /yr | |
| 621 | Studio | 446 sqft | AED 1.1MAED 1,100,000 · May 2026May 2026 | 83,000 /yr | |
| 622 | 2-bed | 1,042 sqft | AED 2.25MAED 2,250,000 · Dec 2020December 2020 | 140,000 /yr |
602, MAG 318 Tower in numbers
- Sold once: by MAG on 15 December 2020 for AED 2,250,000, or AED 2,327 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 15 December 2020.
Questions about 602, MAG 318 Tower
What did unit 602 last sell for?
AED 2,250,000 on 15 December 2020, sold by the developer: AED 2,327 per sqft for 967 sqft. It is the only registered sale of the unit.
How big is unit 602?
967 sqft (89.8 sqm): a two-bedroom apartment on the 6th floor of a 22-storey tower completed in 2020.
What is unit 602 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 602, MAG 318 Tower
Starts from the last sale price (AED 2.25M, 15 December 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 2,250,000
- Deposit, UAE resident (20%)
- AED 450,000
- Deposit, non-resident (40%)
- AED 900,000
- Monthly over 25 years at 3.7%
- AED 9,205
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →