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Studio · 432 sqftMAG 318 Tower, Business Bay · 7th floor · completed 2020

705, MAG 318 Tower

Sold prices and rental history: sold once, by the developer in March 2018, and rented once, from June 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 705 · DLD and Ejari recordsUpdated 10 June 2022
Last soldAED 794K6 March 2018
Current rentAED 70K /yr10 June 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 705, MAG 318 Tower

What is 705 worth today?

Last sold for AED 793,656 in 2018

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10 Jun 2022RentedNew contract
AED 70,000/yr12 months · AED 163 per sqft
6 Mar 2018Sold by developerOff-plan
AED 793,656AED 1,838 per sqft

Source: Dubai Land Department. Updated 10 June 2022.

Key facts

Type
Studio apartment
Size
432 sqft
Floor
7th of 22
Parking
P3-57
Developer
MAG
Completed
2020
Service charge
AED 10,000 /yr
Last sold
AED 794K · March 2018
Building
MAG 318 Tower

About 705, MAG 318 Tower

705 is a studio of 432 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 6 March 2018 for AED 793,656, or AED 1,838 per sqft, in line with the AED 1,807 studios in the building were fetching at the time.

One Ejari contract is registered, from 10 June 2022. The current contract, signed on 10 June 2022, is AED 70,000 a year: a gross yield of 8.8% on the 2018 price, before the service charge of about AED 10,000 a year.

Sales and rents for 705 over time

Sales
Unit 705, 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, March 2018: AED 793,656 (AED 1,838 per sqft)

705 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 705, 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, June 2022: AED 70,000 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 705 sits

All 316 studios →

705 last sold in March 2018 at AED 1,838 per sqft, in line with what studios in MAG 318 Tower were fetching at the time (AED 1,807). 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. 705's AED 70,000 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 7th floor

All 439 units in MAG 318 Tower
Value
7011-bedAED 1.46M · Jul 2018
7022-bedAED 2.25M · Dec 2020
703StudioAED 680K · Jun 2021
704StudioAED 1.1M · Dec 2024
706StudioAED 1.01M · Jun 2021
707StudioAED 980K · Feb 2024
708StudioAED 785K · Jun 2018
1–7 of 21

705, MAG 318 Tower in numbers

  • Sold once: by MAG on 6 March 2018 for AED 793,656, or AED 1,838 per sqft.
  • Rented since June 2022 on one Ejari contract, at AED 70,000 a year.
  • At AED 70,000 a year the gross yield on the 2018 price is 8.8%, 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 10 June 2022.

Questions about 705, MAG 318 Tower

What did unit 705 last sell for?

AED 793,656 on 6 March 2018, sold by the developer: AED 1,838 per sqft for 432 sqft. It is the only registered sale of the unit.

What is the rent for unit 705?

AED 70,000 a year on the contract signed on 10 June 2022.

How big is unit 705?

432 sqft (40.1 sqm): a studio on the 7th floor of a 22-storey tower completed in 2020.

What is unit 705 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 705, MAG 318 Tower

Starts from the last sale price (AED 794K, 6 March 2018). Switch to today's estimate once you have unlocked it.
Price
AED 793,656
Deposit, UAE resident (20%)
AED 158,731
Deposit, non-resident (40%)
AED 317,462
Monthly over 25 years at 3.7%
AED 3,247

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