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Studio · 433 sqftMAG 318 Tower, Business Bay · 9th floor · completed 2020

904, MAG 318 Tower

Sold prices and rental history: sold twice, last in December 2023, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 904 · DLD and Ejari recordsUpdated 2 April 2025
Last soldAED 945K6 December 2023
Current rentAED 20K /yr2 April 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 904, MAG 318 Tower

What is 904 worth today?

Last sold for AED 945,000 in 2023

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2 Apr 2025RentedNew contract
AED 19,945/yr12 months · AED 46 per sqft
6 Dec 2023SoldReady
AED 945,000AED 2,182 per sqft
1 Oct 2022RentedNew contract
AED 70,000/yr12 months · AED 163 per sqft
29 Aug 2018Sold by developerOff-plan
AED 763,000AED 1,762 per sqft

Source: Dubai Land Department. Updated 2 April 2025.

Key facts

Type
Studio apartment
Size
433 sqft
Floor
9th of 22
Parking
P2-02
Developer
MAG
Completed
2020
Service charge
AED 10,000 /yr
Last sold
AED 945K · December 2023
Building
MAG 318 Tower

About 904, MAG 318 Tower

904 is a studio of 433 sqft on the 9th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. It last sold on 6 December 2023 for AED 945,000, or AED 2,182 per sqft, in line with the AED 2,159 studios in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 2 April 2025, is AED 19,945 a year: a gross yield of 2.1% on the 2023 price, before the service charge of about AED 10,000 a year.

Sales and rents for 904 over time

Sales
Unit 904, 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, August 2018: AED 763,000 (AED 1,762 per sqft)Sold, December 2023: AED 945,000 (AED 2,182 per sqft)

904 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 904, each contractTypical studio in MAG 318 Tower
25K50K75K2021202320252027Typical 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 70,000 a yearNew contract, April 2025: AED 19,945 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 904 sits

All 316 studios →

904 last sold in December 2023 at AED 2,182 per sqft, in line with what studios in MAG 318 Tower were fetching at the time (AED 2,159). 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. 904's AED 19,945 is at the bottom 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 9th floor

All 439 units in MAG 318 Tower
Value
9011-bedAED 1.52M · Sep 2020
9022-bedAED 1.78M · Jul 2018
903StudioAED 753K · Jan 2019
905StudioAED 763K · Dec 2017
906StudioAED 794K · May 2018
907StudioAED 684K · Sep 2021
908StudioAED 920K · Aug 2026
1–7 of 23

904, MAG 318 Tower in numbers

  • Sold twice: first on 29 August 2018 for AED 763,000, last on 6 December 2023 for AED 945,000 (AED 2,182 per sqft).
  • Rented since October 2022 on 2 Ejari contracts, from AED 70,000 to AED 19,945 a year.
  • At AED 19,945 a year the gross yield on the 2023 price is 2.1%, before a service charge of about AED 10,000 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 2 April 2025.

Questions about 904, MAG 318 Tower

What did unit 904 last sell for?

AED 945,000 on 6 December 2023: AED 2,182 per sqft for 433 sqft. The unit has 2 registered sales; the first was AED 763,000 in August 2018.

What is the rent for unit 904?

AED 19,945 a year on the contract signed on 2 April 2025. The previous contract, from October 2022, was AED 70,000.

How big is unit 904?

433 sqft (40.2 sqm): a studio on the 9th floor of a 22-storey tower completed in 2020.

What is unit 904 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 904, MAG 318 Tower

Starts from the last sale price (AED 945K, 6 December 2023). Switch to today's estimate once you have unlocked it.
Price
AED 945,000
Deposit, UAE resident (20%)
AED 189,000
Deposit, non-resident (40%)
AED 378,000
Monthly over 25 years at 3.7%
AED 3,866

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