604, MAG 318 Tower
Sold prices and rental history: sold twice, last in June 2023, and rented continuously since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 604, MAG 318 Tower
What is 604 worth today?
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Source: Dubai Land Department. Updated 26 August 2026.
Key facts
- Type
- Studio apartment
- Size
- 433 sqft
- Floor
- 6th of 22
- Parking
- P3-34
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 10,000 /yr
- Last sold
- AED 940K · June 2023
- Building
- MAG 318 Tower
About 604, MAG 318 Tower
604 is a studio of 433 sqft on the 6th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. It last sold on 14 June 2023 for AED 940,000, or AED 2,171 per sqft, 4% above the AED 2,078 studios in the building were fetching at the time.
It has been rented continuously since 2023 on 5 Ejari contracts. The current contract, signed on 26 August 2026, is AED 55,000 a year: a gross yield of 5.9% on the 2023 price, before the service charge of about AED 10,000 a year.
Sales and rents for 604 over time
604 has sold twice; the dashed line is the studio median of each year in the building.
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 604 sits
All 316 studios →604 last sold in June 2023 at AED 2,171 per sqft, 4% above what studios in MAG 318 Tower were fetching at the time (AED 2,078). 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. 604's AED 55,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 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 |
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 | |
| 602 | 2-bed | 967 sqft | AED 2.25MAED 2,250,000 · Dec 2020December 2020 | ||
| 603 | Studio | 438 sqft | AED 756KAED 756,000 · May 2018May 2018 | 85,000 /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 |
604, MAG 318 Tower in numbers
- Sold twice: first on 9 May 2018 for AED 756,000, last on 14 June 2023 for AED 940,000 (AED 2,171 per sqft).
- Rented since January 2023 on 5 Ejari contracts, from AED 82,891 to AED 55,000 a year.
- At AED 55,000 a year the gross yield on the 2023 price is 5.9%, before a service charge of about AED 10,000 a year (AED 23.06 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 26 August 2026.
Questions about 604, MAG 318 Tower
What did unit 604 last sell for?
AED 940,000 on 14 June 2023: AED 2,171 per sqft for 433 sqft. The unit has 2 registered sales; the first was AED 756,000 in May 2018.
What is the rent for unit 604?
AED 55,000 a year on the contract signed on 26 August 2026. The previous contract, from April 2025, was AED 75,000; the unit has been rented since January 2023.
How big is unit 604?
433 sqft (40.2 sqm): a studio on the 6th floor of a 22-storey tower completed in 2020.
What is unit 604 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 604, MAG 318 Tower
Starts from the last sale price (AED 940K, 14 June 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 940,000
- Deposit, UAE resident (20%)
- AED 188,000
- Deposit, non-resident (40%)
- AED 376,000
- Monthly over 25 years at 3.7%
- AED 3,846
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →