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

708, MAG 318 Tower

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

Unit 708 · DLD and Ejari recordsUpdated 16 November 2025
Last soldAED 785K7 June 2018
Current rentAED 72K /yr16 November 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 708, MAG 318 Tower

What is 708 worth today?

Last sold for AED 785,000 in 2018

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16 Nov 2025RentedRenewal
AED 71,820/yr12 months · AED 167 per sqft
15 Nov 2024RentedRenewal
AED 68,211/yr12 months · AED 158 per sqft
12 Nov 2023RentedRenewal
AED 65,000/yr12 months · AED 151 per sqft
12 Nov 2022RentedRenewal
AED 63,000/yr12 months · AED 146 per sqft
12 Nov 2021RentedNew contract
AED 60,000/yr12 months · AED 139 per sqft
7 Jun 2018Sold by developerOff-plan
AED 785,000AED 1,813 per sqft

Source: Dubai Land Department. Updated 16 November 2025.

Key facts

Type
Studio apartment
Size
433 sqft
Floor
7th of 22
Parking
P3-60
Developer
MAG
Completed
2020
Service charge
AED 10,000 /yr
Last sold
AED 785K · June 2018
Building
MAG 318 Tower

About 708, MAG 318 Tower

708 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 7 June 2018 for AED 785,000, or AED 1,813 per sqft, in line with the AED 1,799 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, renewed on 16 November 2025, is AED 71,820 a year: a gross yield of 9.2% on the 2018 price, before the service charge of about AED 10,000 a year.

Sales and rents for 708 over time

Sales
Unit 708, 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 2018: AED 785,000 (AED 1,813 per sqft)

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

Rents
Unit 708, 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, November 2021: AED 60,000 a yearRenewal, November 2022: AED 63,000 a yearRenewal, November 2023: AED 65,000 a yearRenewal, November 2024: AED 68,211 a yearRenewal, November 2025: AED 71,820 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 708 sits

All 316 studios →

708 last sold in June 2018 at AED 1,813 per sqft, in line with what studios in MAG 318 Tower were fetching at the time (AED 1,799). 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. 708's AED 71,820 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
706StudioAED 1.01M · Jun 2021
707StudioAED 980K · Feb 2024
1–7 of 21

708, MAG 318 Tower in numbers

  • Sold once: by MAG on 7 June 2018 for AED 785,000, or AED 1,813 per sqft.
  • Rented since November 2021 on 5 Ejari contracts, from AED 60,000 to AED 71,820 a year.
  • At AED 71,820 a year the gross yield on the 2018 price is 9.2%, 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 16 November 2025.

Questions about 708, MAG 318 Tower

What did unit 708 last sell for?

AED 785,000 on 7 June 2018, sold by the developer: AED 1,813 per sqft for 433 sqft. It is the only registered sale of the unit.

What is the rent for unit 708?

AED 71,820 a year on the contract renewed on 16 November 2025. The previous contract, from November 2024, was AED 68,211; the unit has been rented since November 2021.

How big is unit 708?

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

What is unit 708 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 708, MAG 318 Tower

Starts from the last sale price (AED 785K, 7 June 2018). Switch to today's estimate once you have unlocked it.
Price
AED 785,000
Deposit, UAE resident (20%)
AED 157,000
Deposit, non-resident (40%)
AED 314,000
Monthly over 25 years at 3.7%
AED 3,212

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