716, MAG 318 Tower
Sold prices and rental history: sold twice, last in May 2023, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 716, MAG 318 Tower
What is 716 worth today?
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Source: Dubai Land Department. Updated 3 September 2026.
Key facts
- Type
- Studio apartment
- Size
- 441 sqft
- Floor
- 7th of 22
- Parking
- P3-73
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 10,200 /yr
- Last sold
- AED 1M · May 2023
- Building
- MAG 318 Tower
About 716, MAG 318 Tower
716 is a studio of 441 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 29 May 2023 for AED 1,000,000, or AED 2,267 per sqft, 9% above the AED 2,075 studios in the building were fetching at the time.
It has been rented continuously since 2022 on 5 Ejari contracts. The current contract, signed on 3 September 2026, is AED 55,000 a year: a gross yield of 5.5% on the 2023 price, before the service charge of about AED 10,200 a year.
Sales and rents for 716 over time
716 has sold twice; 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 716 sits
All 316 studios →716 last sold in May 2023 at AED 2,267 per sqft, 9% above what studios in MAG 318 Tower were fetching at the time (AED 2,075). 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. 716's AED 55,000 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 | |
| 715 | Studio | 442 sqft | AED 1.05MAED 1,050,000 · Feb 2024February 2024 | 80,000 /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 |
716, MAG 318 Tower in numbers
- Sold twice: first on 15 April 2019 for AED 810,612, last on 29 May 2023 for AED 1,000,000 (AED 2,267 per sqft).
- Rented since February 2022 on 5 Ejari contracts, from AED 60,000 to AED 55,000 a year.
- At AED 55,000 a year the gross yield on the 2023 price is 5.5%, 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 3 September 2026.
Questions about 716, MAG 318 Tower
What did unit 716 last sell for?
AED 1,000,000 on 29 May 2023: AED 2,267 per sqft for 441 sqft. The unit has 2 registered sales; the first was AED 810,612 in April 2019.
What is the rent for unit 716?
AED 55,000 a year on the contract signed on 3 September 2026. The previous contract, from July 2025, was AED 73,000; the unit has been rented since February 2022.
How big is unit 716?
441 sqft (41.0 sqm): a studio on the 7th floor of a 22-storey tower completed in 2020.
What is unit 716 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 716, MAG 318 Tower
Starts from the last sale price (AED 1M, 29 May 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,000,000
- Deposit, UAE resident (20%)
- AED 200,000
- Deposit, non-resident (40%)
- AED 400,000
- Monthly over 25 years at 3.7%
- AED 4,091
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →