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Studio · 433 sqftMAG 318 Tower, Business Bay · 7th floor · completed 2020

706, MAG 318 Tower

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.

Unit 706 · DLD and Ejari recordsUpdated 15 November 2025
Last soldAED 1.01M20 June 2021
Current rentAED 78K /yr15 November 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 706, MAG 318 Tower

What is 706 worth today?

Last sold for AED 1,010,000 in 2021

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15 Nov 2025RentedNew contract
AED 78,000/yr12 months · AED 181 per sqft
9 Nov 2024RentedNew contract
AED 75,000/yr12 months · AED 174 per sqft
26 Sep 2023RentedNew contract
AED 75,000/yr12 months · AED 173 per sqft
12 Aug 2022RentedRenewal
AED 55,000/yr12 months · AED 127 per sqft
12 Aug 2021RentedNew contract
AED 50,000/yr12 months · AED 115 per sqft
20 Jun 2021Sold by developerReady
AED 1,010,000AED 2,332 per sqft

Source: Dubai Land Department. Updated 15 November 2025.

Key facts

Type
Studio apartment
Size
433 sqft
Floor
7th of 22
Parking
P3-58
Developer
MAG
Completed
2020
Service charge
AED 10,000 /yr
Last sold
AED 1.01M · June 2021
Building
MAG 318 Tower

About 706, MAG 318 Tower

706 is a studio of 433 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 20 June 2021 for AED 1,010,000, or AED 2,332 per sqft, 20% above the AED 1,947 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, signed on 15 November 2025, is AED 78,000 a year: a gross yield of 7.7% on the 2021 price, before the service charge of about AED 10,000 a year.

Sales and rents for 706 over time

Sales
Unit 706, 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, June 2021: AED 1,010,000 (AED 2,332 per sqft)

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

Rents
Unit 706, 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, August 2021: AED 50,000 a yearRenewal, August 2022: AED 55,000 a yearNew contract, September 2023: AED 75,000 a yearNew contract, November 2024: AED 75,000 a yearNew contract, November 2025: AED 78,000 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 706 sits

All 316 studios →

706 last sold in June 2021 at AED 2,332 per sqft, 20% above what studios in MAG 318 Tower were fetching at the time (AED 1,947). 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. 706's AED 78,000 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
705StudioAED 794K · Mar 2018
707StudioAED 980K · Feb 2024
708StudioAED 785K · Jun 2018
1–7 of 21

706, MAG 318 Tower in numbers

  • Sold once: by MAG on 20 June 2021 for AED 1,010,000, or AED 2,332 per sqft.
  • Rented since August 2021 on 5 Ejari contracts, from AED 50,000 to AED 78,000 a year.
  • At AED 78,000 a year the gross yield on the 2021 price is 7.7%, 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 15 November 2025.

Questions about 706, MAG 318 Tower

What did unit 706 last sell for?

AED 1,010,000 on 20 June 2021, sold by the developer: AED 2,332 per sqft for 433 sqft. It is the only registered sale of the unit.

What is the rent for unit 706?

AED 78,000 a year on the contract signed on 15 November 2025. The previous contract, from November 2024, was AED 75,000; the unit has been rented since August 2021.

How big is unit 706?

433 sqft (40.2 sqm): a studio on the 7th floor of a 22-storey tower completed in 2020.

What is unit 706 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 706, MAG 318 Tower

Starts from the last sale price (AED 1.01M, 20 June 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,010,000
Deposit, UAE resident (20%)
AED 202,000
Deposit, non-resident (40%)
AED 404,000
Monthly over 25 years at 3.7%
AED 4,132

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