715, MAG 318 Tower
Sold prices and rental history: sold 3 times, last in February 2024, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 715, MAG 318 Tower
What is 715 worth today?
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Source: Dubai Land Department. Updated 6 February 2024.
Key facts
- Type
- Studio apartment
- Size
- 442 sqft
- Floor
- 7th of 22
- Parking
- P3-72
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 10,200 /yr
- Last sold
- AED 1.05M · February 2024
- Building
- MAG 318 Tower
About 715, MAG 318 Tower
715 is a studio of 442 sqft on the 7th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. It last sold on 6 February 2024 for AED 1,050,000, or AED 2,376 per sqft, 9% above the AED 2,182 studios in the building were fetching at the time.
It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, signed on 20 November 2023, is AED 80,000 a year: a gross yield of 7.6% on the 2024 price, before the service charge of about AED 10,200 a year.
Sales and rents for 715 over time
715 has sold 3 times; the dashed line is the studio median of each year in the building.
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 715 sits
All 316 studios →715 last sold in February 2024 at AED 2,376 per sqft, 9% above what studios in MAG 318 Tower were fetching at the time (AED 2,182). 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. 715's AED 80,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 22 Oct 202622 October 2026 | 432 sqft | 850,000 | 1,968 | ||
| 27 Aug 202627 August 2026 | 433 sqft | 920,000 | 2,125 | ||
| 7 Aug 20267 August 2026 | 440 sqft | 850,000 | 1,932 | ||
| 21 Jul 202621 July 2026 | 441 sqft | 850,000 | 1,926 |
MAG 318 Tower
Building439 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%
Other units on the 7th floor
All 439 units in MAG 318 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 1-bed | 812 sqft | AED 1.46MAED 1,460,592 · Jul 2018July 2018 | 90,000 /yr | |
| 702 | 2-bed | 967 sqft | AED 2.25MAED 2,250,000 · Dec 2020December 2020 | 160,000 /yr | |
| 703 | Studio | 438 sqft | AED 680KAED 680,000 · Jun 2021June 2021 | ||
| 704 | Studio | 433 sqft | AED 1.1MAED 1,100,000 · Dec 2024December 2024 | 54,271 /yr | |
| 705 | Studio | 432 sqft | AED 794KAED 793,656 · Mar 2018March 2018 | 70,000 /yr | |
| 706 | Studio | 433 sqft | AED 1.01MAED 1,010,000 · Jun 2021June 2021 | 78,000 /yr | |
| 707 | Studio | 432 sqft | AED 980KAED 980,000 · Feb 2024February 2024 | 80,000 /yr | |
| 708 | Studio | 433 sqft | AED 785KAED 785,000 · Jun 2018June 2018 | 71,820 /yr | |
| 709 | Studio | 434 sqft | AED 780KAED 780,000 · Jun 2018June 2018 | 80,000 /yr | |
| 710 | 1-bed | 874 sqft | AED 1.53MAED 1,526,610 · Nov 2020November 2020 | 88,000 /yr | |
| 711 | 2-bed | 967 sqft | AED 2MAED 2,000,000 · Sep 2026September 2026 | 155,000 /yr | |
| 712 | 1-bed | 982 sqft | AED 2.05MAED 2,050,000 · Dec 2020December 2020 | 135,000 /yr | |
| 713 | 2-bed | 1,044 sqft | AED 1.84MAED 1,840,466 · Jan 2021January 2021 | 120,000 /yr | |
| 714 | 1-bed | 890 sqft | AED 1.46MAED 1,460,000 · Jul 2023July 2023 | 125,000 /yr | |
| 716 | Studio | 441 sqft | AED 1MAED 1,000,000 · May 2023May 2023 | 55,000 /yr | |
| 717 | Studio | 440 sqft | AED 779KAED 778,916 · Apr 2019April 2019 | 77,000 /yr | |
| 718 | Studio | 441 sqft | AED 795KAED 794,812 · Jul 2018July 2018 | 78,000 /yr | |
| 719 | Studio | 440 sqft | AED 1.1MAED 1,100,000 · Jun 2025June 2025 | 84,000 /yr | |
| 720 | Studio | 441 sqft | AED 680KAED 680,000 · Nov 2021November 2021 | 80,000 /yr | |
| 721 | Studio | 446 sqft | AED 771KAED 770,968 · Sep 2018September 2018 | 85,000 /yr | |
| 722 | 2-bed | 1,042 sqft | AED 2.25MAED 2,250,000 · Dec 2020December 2020 | 165,000 /yr |
715, MAG 318 Tower in numbers
- Sold 3 times: first on 15 May 2018 for AED 776,000, last on 6 February 2024 for AED 1,050,000 (AED 2,376 per sqft).
- Rented since October 2021 on 4 Ejari contracts, from AED 70,000 to AED 80,000 a year.
- At AED 80,000 a year the gross yield on the 2024 price is 7.6%, before a service charge of about AED 10,200 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 6 February 2024.
Questions about 715, MAG 318 Tower
What did unit 715 last sell for?
AED 1,050,000 on 6 February 2024: AED 2,376 per sqft for 442 sqft. The unit has 3 registered sales; the first was AED 776,000 in May 2018.
What is the rent for unit 715?
AED 80,000 a year on the contract signed on 20 November 2023. The previous contract, from October 2023, was AED 77,000; the unit has been rented since October 2021.
How big is unit 715?
442 sqft (41.1 sqm): a studio on the 7th floor of a 22-storey tower completed in 2020.
What is unit 715 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 715, MAG 318 Tower
Starts from the last sale price (AED 1.05M, 6 February 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,050,000
- Deposit, UAE resident (20%)
- AED 210,000
- Deposit, non-resident (40%)
- AED 420,000
- Monthly over 25 years at 3.7%
- AED 4,296
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →