Studio · 441 sqftMAG 318 Tower, Business Bay · 9th floor · completed 2020

920, MAG 318 Tower

Sold prices and rental history: sold twice, last in August 2021, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 920 · DLD and Ejari recordsUpdated 29 August 2021
Last soldAED 660K29 August 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 920, MAG 318 Tower

What is 920 worth today?

Last sold for AED 660,000 in 2021

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29 Aug 2021SoldReady
AED 660,000AED 1,496 per sqft
5 Mar 2018Sold by developerOff-plan
AED 782,000AED 1,772 per sqft

Source: Dubai Land Department. Updated 29 August 2021.

Key facts

Type
Studio apartment
Size
441 sqft
Floor
9th of 22
Parking
P2-16
Developer
MAG
Completed
2020
Service charge
AED 10,200 /yr
Last sold
AED 660K · August 2021

About 920, MAG 318 Tower

920 is a studio of 441 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 29 August 2021 for AED 660,000, or AED 1,496 per sqft, 22% below the AED 1,908 studios in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 920 over time

Sales
Unit 920, 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, March 2018: AED 782,000 (AED 1,772 per sqft)Sold, August 2021: AED 660,000 (AED 1,496 per sqft)

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

Rents
Unit 920, 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 60,000

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 920 sits

All 316 studios →

920 last sold in August 2021 at AED 1,496 per sqft, 22% below what studios in MAG 318 Tower were fetching at the time (AED 1,908). 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 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 78K /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
904StudioAED 945K · Dec 2023
905StudioAED 763K · Dec 2017
906StudioAED 794K · May 2018
907StudioAED 684K · Sep 2021
1–7 of 23

920, MAG 318 Tower in numbers

  • Sold twice: first on 5 March 2018 for AED 782,000, last on 29 August 2021 for AED 660,000 (AED 1,496 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 29 August 2021.

Questions about 920, MAG 318 Tower

What did unit 920 last sell for?

AED 660,000 on 29 August 2021: AED 1,496 per sqft for 441 sqft. The unit has 2 registered sales; the first was AED 782,000 in March 2018.

How big is unit 920?

441 sqft (41.0 sqm): a studio on the 9th floor of a 22-storey tower completed in 2020.

What is unit 920 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 920, MAG 318 Tower

Starts from the last sale price (AED 660K, 29 August 2021). Switch to today's estimate once you have unlocked it.
Price
AED 660,000
Deposit, UAE resident (20%)
AED 132,000
Deposit, non-resident (40%)
AED 264,000
Monthly over 25 years at 3.7%
AED 2,700

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