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Studio · 441 sqftMAG 318 Tower, Business Bay · 8th floor · completed 2020

820, MAG 318 Tower

Sold prices and rental history: sold 4 times, last in July 2023, and rented since 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 820 · DLD and Ejari recordsUpdated 10 February 2026
Last soldAED 1M5 July 2023
Current rentAED 88K /yr10 February 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 820, MAG 318 Tower

What is 820 worth today?

Last sold for AED 1,000,000 in 2023

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10 Feb 2026RentedRenewal
AED 88,000/yr12 months · AED 200 per sqft
10 Feb 2025RentedNew contract
AED 80,000/yr12 months · AED 181 per sqft
5 Jul 2023SoldReady
AED 1,000,000AED 2,267 per sqft
27 Jan 2023SoldReady
AED 935,000AED 2,119 per sqft
3 Jun 2021SoldReady
AED 640,000AED 1,450 per sqft
29 May 2018Sold by developerOff-plan
AED 829,230AED 1,879 per sqft

Source: Dubai Land Department. Updated 10 February 2026.

Key facts

Type
Studio apartment
Size
441 sqft
Floor
8th of 22
Parking
P3-104
Developer
MAG
Completed
2020
Service charge
AED 10,200 /yr
Last sold
AED 1M · July 2023
Building
MAG 318 Tower

About 820, MAG 318 Tower

820 is a studio of 441 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 5 July 2023 for AED 1,000,000, or AED 2,267 per sqft, 9% above the AED 2,083 studios in the building were fetching at the time.

It has been rented since 2025 on 2 Ejari contracts. The current contract, renewed on 10 February 2026, is AED 88,000 a year: a gross yield of 8.8% on the 2023 price, before the service charge of about AED 10,200 a year.

Sales and rents for 820 over time

Sales
Unit 820, each saleTypical studio in MAG 318 Tower
600K800K1M2017202020232026Typical 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, May 2018: AED 829,230 (AED 1,879 per sqft)Sold, June 2021: AED 640,000 (AED 1,450 per sqft)Sold, January 2023: AED 935,000 (AED 2,119 per sqft)Sold, July 2023: AED 1,000,000 (AED 2,267 per sqft)

820 has sold 4 times; the dashed line is the studio median of each year in the building.

Rents
Unit 820, 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, February 2025: AED 80,000 a yearRenewal, February 2026: AED 88,000 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 820 sits

All 316 studios →

820 last sold in July 2023 at AED 2,267 per sqft, 9% above what studios in MAG 318 Tower were fetching at the time (AED 2,083). 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. 820's AED 88,000 is in the upper 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
803StudioAED 780K · Nov 2018
804StudioAED 780K · Jun 2018
805StudioAED 780K · Sep 2018
806StudioAED 779K · Nov 2021
807StudioAED 753K · Jul 2018
1–7 of 23

820, MAG 318 Tower in numbers

  • Sold 4 times: first on 29 May 2018 for AED 829,230, last on 5 July 2023 for AED 1,000,000 (AED 2,267 per sqft).
  • Rented since February 2025 on 2 Ejari contracts, from AED 80,000 to AED 88,000 a year.
  • At AED 88,000 a year the gross yield on the 2023 price is 8.8%, 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 10 February 2026.

Questions about 820, MAG 318 Tower

What did unit 820 last sell for?

AED 1,000,000 on 5 July 2023: AED 2,267 per sqft for 441 sqft. The unit has 4 registered sales; the first was AED 829,230 in May 2018.

What is the rent for unit 820?

AED 88,000 a year on the contract renewed on 10 February 2026. The previous contract, from February 2025, was AED 80,000.

How big is unit 820?

441 sqft (41.0 sqm): a studio on the 8th floor of a 22-storey tower completed in 2020.

What is unit 820 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 820, MAG 318 Tower

Starts from the last sale price (AED 1M, 5 July 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 →