1-bed · 982 sqftMAG 318 Tower, Business Bay · 6th floor · completed 2020

612, 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 once, by the developer in June 2021, 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 612 · DLD and Ejari recordsUpdated 15 October 2026

Last soldAED 1.98M20 June 2021

Current rentAED 84K /yr15 October 2026

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 612, MAG 318 Tower

Today

What is 612 worth today?

Last sold for AED 1,977,000 in 2021

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15 Oct 2026

15 Oct 2026RentedNew contract

AED 84,000/yr12 months · AED 86 per sqft

16 Jul 2025

16 Jul 2025RentedNew contract

AED 120,000/yr12 months · AED 122 per sqft

16 Jul 2025

16 Jul 2025RentedNew contract

AED 120,000/yr12 months · AED 122 per sqft

22 Sep 2024

22 Sep 2024RentedNew contract

AED 110,000/yr12 months · AED 112 per sqft

22 Sep 2023

22 Sep 2023RentedNew contract

AED 105,000/yr12 months · AED 107 per sqft

23 Jul 2022

23 Jul 2022RentedRenewal

AED 88,000/yr12 months · AED 90 per sqft

23 Jul 2021

23 Jul 2021RentedNew contract

AED 80,000/yr12 months · AED 81 per sqft

20 Jun 2021

20 Jun 2021Sold by developerReady

AED 1,977,000AED 2,012 per sqft

Source: Dubai Land Department. Updated 15 October 2026.

Key facts

Type: 1-bed apartment
Size: 982 sqft
Floor: 6th of 22
Parking: P3-42
Developer: MAG
Completed: 2020
Service charge: AED 22,700 /yr
Last sold: AED 1.98M · June 2021
Building: MAG 318 Tower

About 612, MAG 318 Tower

612 is a one-bedroom apartment of 982 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 20 June 2021 for AED 1,977,000, or AED 2,012 per sqft, 4% below the AED 2,086 one-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 7 Ejari contracts. The current contract, signed on 15 October 2026, is AED 84,000 a year: a gross yield of 4.3% on the 2021 price, before the service charge of about AED 22,700 a year.

Sales and rents for 612 over time

Sales

Unit 612, each saleTypical one-bed in MAG 318 Tower

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

Rents

Unit 612, each contractTypical one-bed in MAG 318 Tower

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 612 sits

All 48 1-beds →

1-beds in MAG 318 Tower · last 12 months1,763 /sqft MAG 318 Tower · all types2,286 /sqft

612 last sold in June 2021 at AED 2,012 per sqft, 4% 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. 612's AED 84,000 is in the lower half of that range.

Recent 1-bed sales	Size	Price (AED)	Per sqft
27 Jul 202627 July 2026	982 sqft	1,732,516	1,763
1 Jul 20261 July 2026	819 sqft	1,750,000	2,136
22 Jan 202622 January 2026	982 sqft	1,710,000	1,740
18 Sep 202518 September 2025	819 sqft	1,570,000	1,916

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


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
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
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

612, MAG 318 Tower in numbers

Sold once: by MAG on 20 June 2021 for AED 1,977,000, or AED 2,012 per sqft.
Rented since July 2021 on 7 Ejari contracts, from AED 80,000 to AED 84,000 a year.
At AED 84,000 a year the gross yield on the 2021 price is 4.3%, before a service charge of about AED 22,700 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 15 October 2026.

Questions about 612, MAG 318 Tower

What did unit 612 last sell for?

AED 1,977,000 on 20 June 2021, sold by the developer: AED 2,012 per sqft for 982 sqft. It is the only registered sale of the unit.

What is the rent for unit 612?

AED 84,000 a year on the contract signed on 15 October 2026. The previous contract, from July 2025, was AED 120,000; the unit has been rented since July 2021.

How big is unit 612?

982 sqft (91.2 sqm): a one-bedroom apartment on the 6th floor of a 22-storey tower completed in 2020.

What is unit 612 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 612, MAG 318 Tower

Starts from the last sale price (AED 1.98M, 20 June 2021). Switch to today's estimate once you have unlocked it.

Price: AED 1,977,000
Deposit, UAE resident (20%): AED 395,400
Deposit, non-resident (40%): AED 790,800
Monthly over 25 years at 3.7%: AED 8,089

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