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1-bed · 812 sqftMAG 318 Tower, Business Bay · 7th floor · completed 2020

701, MAG 318 Tower

Sold prices and rental history: sold once, by the developer in July 2018, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 701 · DLD and Ejari recordsUpdated 17 October 2026
Last soldAED 1.46M3 July 2018
Current rentAED 90K /yr17 October 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 701, MAG 318 Tower

What is 701 worth today?

Last sold for AED 1,460,592 in 2018

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17 Oct 2026RentedNew contract
AED 90,000/yr12 months · AED 110 per sqft
25 Nov 2025RentedRenewal
AED 85,000/yr12 months · AED 104 per sqft
25 Nov 2024RentedNew contract
AED 118,000/yr12 months · AED 144 per sqft
29 Sep 2023RentedNew contract
AED 108,000/yr12 months · AED 132 per sqft
25 Jun 2022RentedRenewal
AED 85,000/yr12 months · AED 104 per sqft
26 Jun 2021RentedNew contract
AED 82,221/yr12 months · AED 101 per sqft
3 Jul 2018Sold by developerOff-plan
AED 1,460,592AED 1,798 per sqft

Source: Dubai Land Department. Updated 17 October 2026.

Key facts

Type
1-bed apartment
Size
812 sqft
Floor
7th of 22
Parking
P3-53
Developer
MAG
Completed
2020
Service charge
AED 18,700 /yr
Last sold
AED 1.46M · July 2018
Building
MAG 318 Tower

About 701, MAG 318 Tower

701 is a one-bedroom apartment of 812 sqft on the 7th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. The developer sold it on 3 July 2018 for AED 1,460,592, or AED 1,798 per sqft.

It has been rented continuously since 2021 on 6 Ejari contracts. The current contract, signed on 17 October 2026, is AED 90,000 a year: a gross yield of 6.2% on the 2018 price, before the service charge of about AED 18,700 a year.

Sales and rents for 701 over time

Sales
Unit 701, each saleTypical one-bed in MAG 318 Tower
1.5M2M2018202120242027Typical sale price by year: 2018 AED 1,486,232; 2019 AED 1,462,000; 2020 AED 2,050,000; 2021 AED 1,594,787; 2026 AED 1,732,516Sold by developer, July 2018: AED 1,460,592 (AED 1,798 per sqft)

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

Rents
Unit 701, each contractTypical one-bed in MAG 318 Tower
80K100K120K2021202320252027Typical rent by year: 2021 AED 83,000; 2022 AED 95,000; 2023 AED 105,000; 2024 AED 120,000; 2025 AED 120,000; 2026 AED 95,000New contract, June 2021: AED 82,221 a yearRenewal, June 2022: AED 85,000 a yearNew contract, September 2023: AED 108,000 a yearNew contract, November 2024: AED 118,000 a yearRenewal, November 2025: AED 85,000 a yearNew contract, October 2026: AED 90,000 a year

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 701 sits

All 48 1-beds →

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. 701's AED 90,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
27 Jul 20261,732,516
1 Jul 20261,750,000
22 Jan 20261,710,000
18 Sep 20251,570,000
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 7th floor

All 439 units in MAG 318 Tower
Value
7022-bedAED 2.25M · Dec 2020
703StudioAED 680K · Jun 2021
704StudioAED 1.1M · Dec 2024
705StudioAED 794K · Mar 2018
706StudioAED 1.01M · Jun 2021
707StudioAED 980K · Feb 2024
708StudioAED 785K · Jun 2018
1–7 of 21

701, MAG 318 Tower in numbers

  • Sold once: by MAG on 3 July 2018 for AED 1,460,592, or AED 1,798 per sqft.
  • Rented since June 2021 on 6 Ejari contracts, from AED 82,221 to AED 90,000 a year.
  • At AED 90,000 a year the gross yield on the 2018 price is 6.2%, before a service charge of about AED 18,700 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 17 October 2026.

Questions about 701, MAG 318 Tower

What did unit 701 last sell for?

AED 1,460,592 on 3 July 2018, sold by the developer: AED 1,798 per sqft for 812 sqft. It is the only registered sale of the unit.

What is the rent for unit 701?

AED 90,000 a year on the contract signed on 17 October 2026. The previous contract, from November 2025, was AED 85,000; the unit has been rented since June 2021.

How big is unit 701?

812 sqft (75.4 sqm): a one-bedroom apartment on the 7th floor of a 22-storey tower completed in 2020.

What is unit 701 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 701, MAG 318 Tower

Starts from the last sale price (AED 1.46M, 3 July 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,460,592
Deposit, UAE resident (20%)
AED 292,118
Deposit, non-resident (40%)
AED 584,237
Monthly over 25 years at 3.7%
AED 5,976

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