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Studio · 446 sqftMAG 318 Tower, Business Bay · 6th floor · completed 2020

621, MAG 318 Tower

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

Unit 621 · DLD and Ejari recordsUpdated 12 May 2026
Last soldAED 1.1M12 May 2026
Current rentAED 83K /yr28 November 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 621, MAG 318 Tower

What is 621 worth today?

Last sold for AED 1,100,000 in 2026

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12 May 2026SoldReady
AED 1,100,000AED 2,464 per sqft
28 Nov 2025RentedNew contract
AED 83,000/yr12 months · AED 188 per sqft
26 Nov 2024RentedNew contract
AED 83,000/yr12 months · AED 188 per sqft
25 Nov 2023RentedNew contract
AED 77,000/yr12 months · AED 174 per sqft
5 Oct 2021Sold by developerReady
AED 720,000AED 1,612 per sqft

Source: Dubai Land Department. Updated 12 May 2026.

Key facts

Type
Studio apartment
Size
446 sqft
Floor
6th of 22
Parking
P3-51
Developer
MAG
Completed
2020
Service charge
AED 10,300 /yr
Last sold
AED 1.1M · May 2026
Building
MAG 318 Tower

About 621, MAG 318 Tower

621 is a studio of 446 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 12 May 2026 for AED 1,100,000, or AED 2,464 per sqft, in line with the AED 2,465 studios in the building were fetching at the time.

It has been rented since 2023 on 3 Ejari contracts. The current contract, signed on 28 November 2025, is AED 83,000 a year: a gross yield of 7.5% on the 2026 price, before the service charge of about AED 10,300 a year.

Sales and rents for 621 over time

Sales
Unit 621, 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, October 2021: AED 720,000 (AED 1,612 per sqft)Sold, May 2026: AED 1,100,000 (AED 2,464 per sqft)

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

Rents
Unit 621, each contractTypical studio in MAG 318 Tower
60K80K2021202320252027Typical 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, November 2023: AED 77,000 a yearNew contract, November 2024: AED 83,000 a yearNew contract, November 2025: AED 83,000 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 621 sits

All 316 studios →

621 last sold in May 2026 at AED 2,464 per sqft, in line with what studios in MAG 318 Tower were fetching at the time (AED 2,465). 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. 621's AED 83,000 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

621, MAG 318 Tower in numbers

  • Sold twice: first on 5 October 2021 for AED 720,000, last on 12 May 2026 for AED 1,100,000 (AED 2,464 per sqft).
  • Rented since November 2023 on 3 Ejari contracts, from AED 77,000 to AED 83,000 a year.
  • At AED 83,000 a year the gross yield on the 2026 price is 7.5%, before a service charge of about AED 10,300 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 12 May 2026.

Questions about 621, MAG 318 Tower

What did unit 621 last sell for?

AED 1,100,000 on 12 May 2026: AED 2,464 per sqft for 446 sqft. The unit has 2 registered sales; the first was AED 720,000 in October 2021.

What is the rent for unit 621?

AED 83,000 a year on the contract signed on 28 November 2025. The previous contract, from November 2024, was AED 83,000; the unit has been rented since November 2023.

How big is unit 621?

446 sqft (41.4 sqm): a studio on the 6th floor of a 22-storey tower completed in 2020.

What is unit 621 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 621, MAG 318 Tower

Starts from the last sale price (AED 1.1M, 12 May 2026). Switch to today's estimate once you have unlocked it.
Price
AED 1,100,000
Deposit, UAE resident (20%)
AED 220,000
Deposit, non-resident (40%)
AED 440,000
Monthly over 25 years at 3.7%
AED 4,500

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