Home
Dubai prices
About
Research
Studio · 440 sqftMAG 318 Tower, Business Bay · 7th floor · completed 2020

719, MAG 318 Tower

Sold prices and rental history: sold 3 times, last in June 2025, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 719 · DLD and Ejari recordsUpdated 17 June 2025
Last soldAED 1.1M17 June 2025
Current rentAED 84K /yr20 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 719

Property timeline for 719, MAG 318 Tower

What is 719 worth today?

Last sold for AED 1,100,000 in 2025

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

17 Jun 2025SoldReady
AED 1,100,000AED 2,501 per sqft
20 Jul 2024RentedRenewal
AED 84,000/yr12 months · AED 190 per sqft
20 Jul 2023RentedNew contract
AED 84,000/yr12 months · AED 190 per sqft
1 Oct 2022RentedNew contract
AED 78,000/yr12 months · AED 177 per sqft
31 Mar 2021SoldReady
AED 630,000AED 1,432 per sqft
5 Mar 2018Sold by developerOff-plan
AED 794,000AED 1,805 per sqft

Source: Dubai Land Department. Updated 17 June 2025.

Key facts

Type
Studio apartment
Size
440 sqft
Floor
7th of 22
Parking
P3-76
Developer
MAG
Completed
2020
Service charge
AED 10,100 /yr
Last sold
AED 1.1M · June 2025
Building
MAG 318 Tower

About 719, MAG 318 Tower

719 is a studio of 440 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 17 June 2025 for AED 1,100,000, or AED 2,501 per sqft, in line with the AED 2,429 studios in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 20 July 2024, is AED 84,000 a year: a gross yield of 7.6% on the 2025 price, before the service charge of about AED 10,100 a year.

Sales and rents for 719 over time

Sales
Unit 719, each saleTypical studio in MAG 318 Tower
750K1M2017202020232026Typical 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, March 2018: AED 794,000 (AED 1,805 per sqft)Sold, March 2021: AED 630,000 (AED 1,432 per sqft)Sold, June 2025: AED 1,100,000 (AED 2,501 per sqft)

719 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 719, 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, October 2022: AED 78,000 a yearNew contract, July 2023: AED 84,000 a yearRenewal, July 2024: AED 84,000 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 719 sits

All 316 studios →

719 last sold in June 2025 at AED 2,501 per sqft, in line with what studios in MAG 318 Tower were fetching at the time (AED 2,429). 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. 719's AED 84,000 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
706StudioAED 1.01M · Jun 2021
707StudioAED 980K · Feb 2024
1–7 of 21

719, MAG 318 Tower in numbers

  • Sold 3 times: first on 5 March 2018 for AED 794,000, last on 17 June 2025 for AED 1,100,000 (AED 2,501 per sqft).
  • Rented since October 2022 on 3 Ejari contracts, from AED 78,000 to AED 84,000 a year.
  • At AED 84,000 a year the gross yield on the 2025 price is 7.6%, before a service charge of about AED 10,100 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 17 June 2025.

Questions about 719, MAG 318 Tower

What did unit 719 last sell for?

AED 1,100,000 on 17 June 2025: AED 2,501 per sqft for 440 sqft. The unit has 3 registered sales; the first was AED 794,000 in March 2018.

What is the rent for unit 719?

AED 84,000 a year on the contract renewed on 20 July 2024. The previous contract, from July 2023, was AED 84,000; the unit has been rented since October 2022.

How big is unit 719?

440 sqft (40.9 sqm): a studio on the 7th floor of a 22-storey tower completed in 2020.

What is unit 719 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.

Selling 719? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 719, MAG 318 Tower

Starts from the last sale price (AED 1.1M, 17 June 2025). Switch to today's estimate once you have unlocked it.
Price
AED 1,100,000
Deposit, UAE resident (20%)
AED 220,000
Deposit, non-resident (40%)
AED 440,000
Monthly over 25 years at 3.7%
AED 4,500

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