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Studio · 438 sqftMAG 318 Tower, Business Bay · 8th floor · completed 2020

803, MAG 318 Tower

Sold prices and rental history: sold once, by the developer in November 2018, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 803 · DLD and Ejari recordsUpdated 11 November 2025
Last soldAED 780K7 November 2018
Current rentAED 73K /yr11 November 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 803, MAG 318 Tower

What is 803 worth today?

Last sold for AED 780,000 in 2018

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11 Nov 2025RentedNew contract
AED 73,000/yr12 months · AED 165 per sqft
25 Aug 2024RentedRenewal
AED 70,000/yr12 months · AED 159 per sqft
25 Aug 2023RentedNew contract
AED 70,000/yr12 months · AED 159 per sqft
10 Jun 2022RentedNew contract
AED 60,000/yr12 months · AED 139 per sqft
7 Nov 2018Sold by developerOff-plan
AED 780,000AED 1,780 per sqft

Source: Dubai Land Department. Updated 11 November 2025.

Key facts

Type
Studio apartment
Size
438 sqft
Floor
8th of 22
Parking
P3-87
Developer
MAG
Completed
2020
Service charge
AED 10,100 /yr
Last sold
AED 780K · November 2018
Building
MAG 318 Tower

About 803, MAG 318 Tower

803 is a studio of 438 sqft on the 8th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. The developer sold it on 7 November 2018 for AED 780,000, or AED 1,780 per sqft, in line with the AED 1,796 studios in the building were fetching at the time.

It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, signed on 11 November 2025, is AED 73,000 a year: a gross yield of 9.4% on the 2018 price, before the service charge of about AED 10,100 a year.

Sales and rents for 803 over time

Sales
Unit 803, 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, November 2018: AED 780,000 (AED 1,780 per sqft)

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

Rents
Unit 803, 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, June 2022: AED 60,000 a yearNew contract, August 2023: AED 70,000 a yearRenewal, August 2024: AED 70,000 a yearNew contract, November 2025: AED 73,000 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 803 sits

All 316 studios →

803 last sold in November 2018 at AED 1,780 per sqft, in line with what studios in MAG 318 Tower were fetching at the time (AED 1,796). 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. 803's AED 73,000 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 8th floor

All 439 units in MAG 318 Tower
Value
8011-bedAED 1.55M · Mar 2020
8022-bedAED 1.85M · Nov 2020
804StudioAED 780K · Jun 2018
805StudioAED 780K · Sep 2018
806StudioAED 779K · Nov 2021
807StudioAED 753K · Jul 2018
808StudioAED 802K · Apr 2018
1–7 of 23

803, MAG 318 Tower in numbers

  • Sold once: by MAG on 7 November 2018 for AED 780,000, or AED 1,780 per sqft.
  • Rented since June 2022 on 4 Ejari contracts, from AED 60,000 to AED 73,000 a year.
  • At AED 73,000 a year the gross yield on the 2018 price is 9.4%, 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 11 November 2025.

Questions about 803, MAG 318 Tower

What did unit 803 last sell for?

AED 780,000 on 7 November 2018, sold by the developer: AED 1,780 per sqft for 438 sqft. It is the only registered sale of the unit.

What is the rent for unit 803?

AED 73,000 a year on the contract signed on 11 November 2025. The previous contract, from August 2024, was AED 70,000; the unit has been rented since June 2022.

How big is unit 803?

438 sqft (40.7 sqm): a studio on the 8th floor of a 22-storey tower completed in 2020.

What is unit 803 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 803, MAG 318 Tower

Starts from the last sale price (AED 780K, 7 November 2018). Switch to today's estimate once you have unlocked it.
Price
AED 780,000
Deposit, UAE resident (20%)
AED 156,000
Deposit, non-resident (40%)
AED 312,000
Monthly over 25 years at 3.7%
AED 3,191

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