Studio · 433 sqftMAG 318 Tower, Business Bay · 6th floor · completed 2020

608, 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 3 times, last in November 2022, 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 608 · DLD and Ejari recordsUpdated 11 January 2026

Last soldAED 880K17 November 2022

Current rentAED 83K /yr11 January 2026

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 608, MAG 318 Tower

Today

What is 608 worth today?

Last sold for AED 880,000 in 2022

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11 Jan 2026

11 Jan 2026RentedNew contract

AED 82,500/yr12 months · AED 192 per sqft

11 Jan 2025

11 Jan 2025RentedNew contract

AED 82,500/yr12 months · AED 191 per sqft

11 Jan 2025

11 Jan 2025RentedNew contract

AED 82,500/yr12 months · AED 191 per sqft

11 Jan 2024

11 Jan 2024RentedNew contract

AED 75,000/yr12 months · AED 174 per sqft

17 Nov 2022

17 Nov 2022SoldReady

AED 880,000AED 2,032 per sqft

7 Jan 2022

7 Jan 2022SoldReady

AED 750,000AED 1,732 per sqft

22 Nov 2021

22 Nov 2021RentedNew contract

AED 60,000/yr12 months · AED 139 per sqft

11 Jun 2018

11 Jun 2018Sold by developerOff-plan

AED 775,000AED 1,790 per sqft

Source: Dubai Land Department. Updated 11 January 2026.

Key facts

Type: Studio apartment
Size: 433 sqft
Floor: 6th of 22
Parking: P3-38
Developer: MAG
Completed: 2020
Service charge: AED 10,000 /yr
Last sold: AED 880K · November 2022
Building: MAG 318 Tower

About 608, MAG 318 Tower

608 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 17 November 2022 for AED 880,000, or AED 2,032 per sqft, 7% above the AED 1,904 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, signed on 11 January 2026, is AED 82,500 a year: a gross yield of 9.4% on the 2022 price, before the service charge of about AED 10,000 a year.

Sales and rents for 608 over time

Sales

Unit 608, each saleTypical studio in MAG 318 Tower

608 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents

Unit 608, each contractTypical studio in MAG 318 Tower

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 608 sits

All 316 studios →

Studios in MAG 318 Tower · last 12 months2,387 /sqft MAG 318 Tower · all types2,286 /sqft

608 last sold in November 2022 at AED 2,032 per sqft, 7% above what studios in MAG 318 Tower were fetching at the time (AED 1,904). 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. 608's AED 82,500 is in the lower half of that range.

Recent studio sales	Size	Price (AED)	Per sqft
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

21 studio 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


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
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
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

1–7 of 21

608, MAG 318 Tower in numbers

Sold 3 times: first on 11 June 2018 for AED 775,000, last on 17 November 2022 for AED 880,000 (AED 2,032 per sqft).
Rented since November 2021 on 5 Ejari contracts, from AED 60,000 to AED 82,500 a year.
At AED 82,500 a year the gross yield on the 2022 price is 9.4%, 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 11 January 2026.

Questions about 608, MAG 318 Tower

What did unit 608 last sell for?

AED 880,000 on 17 November 2022: AED 2,032 per sqft for 433 sqft. The unit has 3 registered sales; the first was AED 775,000 in June 2018.

What is the rent for unit 608?

AED 82,500 a year on the contract signed on 11 January 2026. The previous contract, from January 2025, was AED 82,500; the unit has been rented since November 2021.

How big is unit 608?

433 sqft (40.2 sqm): a studio on the 6th floor of a 22-storey tower completed in 2020.

What is unit 608 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 608, MAG 318 Tower

Starts from the last sale price (AED 880K, 17 November 2022). Switch to today's estimate once you have unlocked it.

Price: AED 880,000
Deposit, UAE resident (20%): AED 176,000
Deposit, non-resident (40%): AED 352,000
Monthly over 25 years at 3.7%: AED 3,600

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