816, MAG 318 Tower
Sold prices and rental history: sold twice, last in August 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 816, MAG 318 Tower
What is 816 worth today?
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Source: Dubai Land Department. Updated 17 August 2022.
Key facts
- Type
- Studio apartment
- Size
- 440 sqft
- Floor
- 8th of 22
- Parking
- P3-100
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 10,100 /yr
- Last sold
- AED 920K · August 2022
- Building
- MAG 318 Tower
About 816, MAG 318 Tower
816 is a studio of 440 sqft on the 8th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. It last sold on 17 August 2022 for AED 920,000, or AED 2,090 per sqft, 21% above the AED 1,732 studios in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 816 over time
816 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 816 sits
All 316 studios →816 last sold in August 2022 at AED 2,090 per sqft, 21% above what studios in MAG 318 Tower were fetching at the time (AED 1,732). 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.
| 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 8th floor
All 439 units in MAG 318 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 801 | 1-bed | 819 sqft | AED 1.55MAED 1,553,663 · Mar 2020March 2020 | 85,000 /yr | |
| 802 | 2-bed | 967 sqft | AED 1.85MAED 1,848,603 · Nov 2020November 2020 | 120,000 /yr | |
| 803 | Studio | 438 sqft | AED 780KAED 780,000 · Nov 2018November 2018 | 73,000 /yr | |
| 804 | Studio | 433 sqft | AED 780KAED 780,000 · Jun 2018June 2018 | ||
| 805 | Studio | 432 sqft | AED 780KAED 780,000 · Sep 2018September 2018 | 80,000 /yr | |
| 806 | Studio | 433 sqft | AED 779KAED 779,220 · Nov 2021November 2021 | 55,000 /yr | |
| 807 | Studio | 432 sqft | AED 753KAED 753,000 · Jul 2018July 2018 | 80,000 /yr | |
| 808 | Studio | 433 sqft | AED 802KAED 801,817 · Apr 2018April 2018 | 70,000 /yr | |
| 809 | Studio | 433 sqft | AED 752KAED 752,000 · May 2018May 2018 | 60,000 /yr | |
| 810 | Studio | 432 sqft | AED 780KAED 780,000 · Sep 2018September 2018 | 70,000 /yr | |
| 811 | Studio | 436 sqft | AED 870KAED 870,000 · Aug 2022August 2022 | 55,000 /yr | |
| 812 | 2-bed | 966 sqft | AED 2.25MAED 2,250,000 · Dec 2020December 2020 | 155,000 /yr | |
| 813 | 1-bed | 982 sqft | AED 2.05MAED 2,050,000 · Dec 2020December 2020 | ||
| 814 | 2-bed | 1,045 sqft | AED 2.25MAED 2,250,000 · Dec 2020December 2020 | 155,000 /yr | |
| 815 | Studio | 444 sqft | AED 759KAED 759,000 · Jul 2018July 2018 | 80,000 /yr | |
| 817 | Studio | 441 sqft | AED 1.06MAED 1,060,000 · Apr 2024April 2024 | 60,000 /yr | |
| 818 | Studio | 441 sqft | AED 753KAED 753,000 · Jun 2018June 2018 | 72,000 /yr | |
| 819 | Studio | 440 sqft | AED 796KAED 795,789 · Jun 2018June 2018 | 72,000 /yr | |
| 820 | Studio | 441 sqft | AED 1MAED 1,000,000 · Jul 2023July 2023 | 88,000 /yr | |
| 821 | Studio | 440 sqft | AED 716KAED 716,346 · Sep 2021September 2021 | 84,000 /yr | |
| 822 | Studio | 441 sqft | AED 794KAED 794,000 · Nov 2019November 2019 | ||
| 823 | Studio | 446 sqft | AED 825KAED 825,492 · May 2018May 2018 | 70,000 /yr | |
| 824 | 2-bed | 1,043 sqft | AED 2.3MAED 2,300,000 · Dec 2020December 2020 | 144,225 /yr |
816, MAG 318 Tower in numbers
- Sold twice: first on 26 February 2020 for AED 793,000, last on 17 August 2022 for AED 920,000 (AED 2,090 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 August 2022.
Questions about 816, MAG 318 Tower
What did unit 816 last sell for?
AED 920,000 on 17 August 2022: AED 2,090 per sqft for 440 sqft. The unit has 2 registered sales; the first was AED 793,000 in February 2020.
How big is unit 816?
440 sqft (40.9 sqm): a studio on the 8th floor of a 22-storey tower completed in 2020.
What is unit 816 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 816? Put it on the OpenOffers board
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Mortgage on 816, MAG 318 Tower
Starts from the last sale price (AED 920K, 17 August 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 920,000
- Deposit, UAE resident (20%)
- AED 184,000
- Deposit, non-resident (40%)
- AED 368,000
- Monthly over 25 years at 3.7%
- AED 3,764
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →