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Studio · 441 sqftMAG 318 Tower, Business Bay · 6th floor · completed 2020

620, MAG 318 Tower

Sold prices and rental history: sold 3 times, last in July 2025, and rented since 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 620 · DLD and Ejari recordsUpdated 1 December 2025
Last soldAED 1.23M7 July 2025
Current rentAED 120K /yr1 December 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 620, MAG 318 Tower

What is 620 worth today?

Last sold for AED 1,230,000 in 2025

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1 Dec 2025RentedNew contract
AED 120,000/yr12 months · AED 272 per sqft
1 Dec 2025RentedNew contract
AED 120,000/yr12 months · AED 272 per sqft
7 Jul 2025SoldReady
AED 1,230,000AED 2,788 per sqft
30 May 2025RentedNew contract
AED 84,000/yr12 months · AED 190 per sqft
8 Sep 2022SoldReady
AED 910,000AED 2,062 per sqft
28 Apr 2020Sold by developerOff-plan
AED 879,513AED 1,993 per sqft

Source: Dubai Land Department. Updated 1 December 2025.

Key facts

Type
Studio apartment
Size
441 sqft
Floor
6th of 22
Parking
P3-50
Developer
MAG
Completed
2020
Service charge
AED 10,200 /yr
Last sold
AED 1.23M · July 2025
Building
MAG 318 Tower

About 620, MAG 318 Tower

620 is a studio of 441 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 7 July 2025 for AED 1,230,000, or AED 2,788 per sqft, 15% above the AED 2,432 studios in the building were fetching at the time.

It has been rented since 2025 on 3 Ejari contracts. The current contract, signed on 1 December 2025, is AED 120,000 a year: a gross yield of 9.8% on the 2025 price, before the service charge of about AED 10,200 a year.

Sales and rents for 620 over time

Sales
Unit 620, each saleTypical studio in MAG 318 Tower
750K1M1.25M2017202020232026Typical 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, April 2020: AED 879,513 (AED 1,993 per sqft)Sold, September 2022: AED 910,000 (AED 2,062 per sqft)Sold, July 2025: AED 1,230,000 (AED 2,788 per sqft)

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

Rents
Unit 620, each contractTypical studio in MAG 318 Tower
50K100K2021202320252027Typical 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, May 2025: AED 84,000 a yearNew contract, December 2025: AED 120,000 a yearNew contract, December 2025: AED 120,000 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 620 sits

All 316 studios →

620 last sold in July 2025 at AED 2,788 per sqft, 15% above what studios in MAG 318 Tower were fetching at the time (AED 2,432). 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. 620's AED 120,000 is at the top 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 78K /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

620, MAG 318 Tower in numbers

  • Sold 3 times: first on 28 April 2020 for AED 879,513, last on 7 July 2025 for AED 1,230,000 (AED 2,788 per sqft).
  • Rented since May 2025 on 3 Ejari contracts, from AED 84,000 to AED 120,000 a year.
  • At AED 120,000 a year the gross yield on the 2025 price is 9.8%, before a service charge of about AED 10,200 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 1 December 2025.

Questions about 620, MAG 318 Tower

What did unit 620 last sell for?

AED 1,230,000 on 7 July 2025: AED 2,788 per sqft for 441 sqft. The unit has 3 registered sales; the first was AED 879,513 in April 2020.

What is the rent for unit 620?

AED 120,000 a year on the contract signed on 1 December 2025. The previous contract, from December 2025, was AED 120,000; the unit has been rented since May 2025.

How big is unit 620?

441 sqft (41.0 sqm): a studio on the 6th floor of a 22-storey tower completed in 2020.

What is unit 620 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 620, MAG 318 Tower

Starts from the last sale price (AED 1.23M, 7 July 2025). Switch to today's estimate once you have unlocked it.
Price
AED 1,230,000
Deposit, UAE resident (20%)
AED 246,000
Deposit, non-resident (40%)
AED 492,000
Monthly over 25 years at 3.7%
AED 5,032

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