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Studio · 441 sqftMAG 318 Tower, Business Bay · 7th floor · completed 2020

718, MAG 318 Tower

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

Unit 718 · DLD and Ejari recordsUpdated 28 May 2026
Last soldAED 795K5 July 2018
Current rentAED 78K /yr28 May 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 718, MAG 318 Tower

What is 718 worth today?

Last sold for AED 794,812 in 2018

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28 May 2026RentedNew contract
AED 78,000/yr12 months · AED 177 per sqft
3 Apr 2025RentedNew contract
AED 80,000/yr12 months · AED 181 per sqft
10 Dec 2023RentedRenewal
AED 75,000/yr12 months · AED 170 per sqft
10 Dec 2022RentedNew contract
AED 75,000/yr12 months · AED 170 per sqft
4 Nov 2021RentedNew contract
AED 58,000/yr12 months · AED 131 per sqft
5 Jul 2018Sold by developerOff-plan
AED 794,812AED 1,801 per sqft

Source: Dubai Land Department. Updated 28 May 2026.

Key facts

Type
Studio apartment
Size
441 sqft
Floor
7th of 22
Parking
P3-75
Developer
MAG
Completed
2020
Service charge
AED 10,200 /yr
Last sold
AED 795K · July 2018
Building
MAG 318 Tower

About 718, MAG 318 Tower

718 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. The developer sold it on 5 July 2018 for AED 794,812, or AED 1,801 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, signed on 28 May 2026, is AED 78,000 a year: a gross yield of 9.8% on the 2018 price, before the service charge of about AED 10,200 a year.

Sales and rents for 718 over time

Sales
Unit 718, 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, July 2018: AED 794,812 (AED 1,801 per sqft)

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

Rents
Unit 718, 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, November 2021: AED 58,000 a yearNew contract, December 2022: AED 75,000 a yearRenewal, December 2023: AED 75,000 a yearNew contract, April 2025: AED 80,000 a yearNew contract, May 2026: 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 718 sits

All 316 studios →

718 last sold in July 2018 at AED 1,801 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. 718'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 78K /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

718, MAG 318 Tower in numbers

  • Sold once: by MAG on 5 July 2018 for AED 794,812, or AED 1,801 per sqft.
  • Rented since November 2021 on 5 Ejari contracts, from AED 58,000 to AED 78,000 a year.
  • At AED 78,000 a year the gross yield on the 2018 price is 9.8%, 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 28 May 2026.

Questions about 718, MAG 318 Tower

What did unit 718 last sell for?

AED 794,812 on 5 July 2018, sold by the developer: AED 1,801 per sqft for 441 sqft. It is the only registered sale of the unit.

What is the rent for unit 718?

AED 78,000 a year on the contract signed on 28 May 2026. The previous contract, from April 2025, was AED 80,000; the unit has been rented since November 2021.

How big is unit 718?

441 sqft (41.0 sqm): a studio on the 7th floor of a 22-storey tower completed in 2020.

What is unit 718 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 718, MAG 318 Tower

Starts from the last sale price (AED 795K, 5 July 2018). Switch to today's estimate once you have unlocked it.
Price
AED 794,812
Deposit, UAE resident (20%)
AED 158,962
Deposit, non-resident (40%)
AED 317,925
Monthly over 25 years at 3.7%
AED 3,252

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