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Studio · 434 sqftMAG 318 Tower, Business Bay · 6th floor · completed 2020

609, MAG 318 Tower

Sold prices and rental history: sold twice, last in July 2026, and rented continuously since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 609 · DLD and Ejari recordsUpdated 3 October 2026
Last soldAED 1.07M2 July 2026
Current rentAED 60K /yr3 October 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 609, MAG 318 Tower

What is 609 worth today?

Last sold for AED 1,069,000 in 2026

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3 Oct 2026RentedNew contract
AED 60,000/yr12 months · AED 138 per sqft
2 Jul 2026SoldReady
AED 1,069,000AED 2,464 per sqft
4 Jun 2025RentedNew contract
AED 73,000/yr12 months · AED 170 per sqft
1 Apr 2024RentedRenewal
AED 75,000/yr12 months · AED 174 per sqft
1 Apr 2023RentedNew contract
AED 70,000/yr12 months · AED 163 per sqft
24 Nov 2019Sold by developerOff-plan
AED 809,000AED 1,865 per sqft

Source: Dubai Land Department. Updated 3 October 2026.

Key facts

Type
Studio apartment
Size
434 sqft
Floor
6th of 22
Parking
P3-39
Developer
MAG
Completed
2020
Service charge
AED 10,000 /yr
Last sold
AED 1.07M · July 2026
Building
MAG 318 Tower

About 609, MAG 318 Tower

609 is a studio of 434 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 2 July 2026 for AED 1,069,000, or AED 2,464 per sqft, in line with the AED 2,464 studios in the building were fetching at the time.

It has been rented continuously since 2023 on 4 Ejari contracts. The current contract, signed on 3 October 2026, is AED 60,000 a year: a gross yield of 5.6% on the 2026 price, before the service charge of about AED 10,000 a year.

Sales and rents for 609 over time

Sales
Unit 609, each saleTypical studio in MAG 318 Tower
800K1M2017202020232026Typical sale price by year: 2017 AED 776,165; 2018 AED 787,488; 2019 AED 791,651; 2020 AED 870,514; 2021 AED 750,000; 2022 AED 850,000; 2023 AED 945,000; 2024 AED 1,030,000; 2025 AED 1,077,500; 2026 AED 995,000Sold by developer, November 2019: AED 809,000 (AED 1,865 per sqft)Sold, July 2026: AED 1,069,000 (AED 2,464 per sqft)

609 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 609, each contractTypical studio in MAG 318 Tower
60K2021202320252027Typical rent by year: 2021 AED 52,000; 2022 AED 64,465; 2023 AED 70,000; 2024 AED 75,000; 2025 AED 75,000; 2026 AED 60,000New contract, April 2023: AED 70,000 a yearRenewal, April 2024: AED 75,000 a yearNew contract, June 2025: AED 73,000 a yearNew contract, October 2026: AED 60,000 a year

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 609 sits

All 316 studios →

609 last sold in July 2026 at AED 2,464 per sqft, in line with what studios in MAG 318 Tower were fetching at the time (AED 2,464). 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. 609's AED 60,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
22 Oct 2026850,000
27 Aug 2026920,000
7 Aug 2026850,000
21 Jul 2026850,000
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
Value
6011-bedAED 1.1M · Jul 2021
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
1–7 of 21

609, MAG 318 Tower in numbers

  • Sold twice: first on 24 November 2019 for AED 809,000, last on 2 July 2026 for AED 1,069,000 (AED 2,464 per sqft).
  • Rented since April 2023 on 4 Ejari contracts, from AED 70,000 to AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2026 price is 5.6%, 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 3 October 2026.

Questions about 609, MAG 318 Tower

What did unit 609 last sell for?

AED 1,069,000 on 2 July 2026: AED 2,464 per sqft for 434 sqft. The unit has 2 registered sales; the first was AED 809,000 in November 2019.

What is the rent for unit 609?

AED 60,000 a year on the contract signed on 3 October 2026. The previous contract, from June 2025, was AED 73,000; the unit has been rented since April 2023.

How big is unit 609?

434 sqft (40.3 sqm): a studio on the 6th floor of a 22-storey tower completed in 2020.

What is unit 609 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 609, MAG 318 Tower

Starts from the last sale price (AED 1.07M, 2 July 2026). Switch to today's estimate once you have unlocked it.
Price
AED 1,069,000
Deposit, UAE resident (20%)
AED 213,800
Deposit, non-resident (40%)
AED 427,600
Monthly over 25 years at 3.7%
AED 4,374

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