923, MAG 318 Tower
Sold prices and rental history: sold once, by the developer in December 2017, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 923, MAG 318 Tower
What is 923 worth today?
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Source: Dubai Land Department. Updated 18 November 2025.
Key facts
- Type
- Studio apartment
- Size
- 446 sqft
- Floor
- 9th of 22
- Parking
- P2-19
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 10,300 /yr
- Last sold
- AED 780K · December 2017
- Building
- MAG 318 Tower
About 923, MAG 318 Tower
923 is a studio of 446 sqft on the 9th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. The developer sold it on 10 December 2017 for AED 780,000, or AED 1,747 per sqft, in line with the AED 1,785 studios in the building were fetching at the time.
It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, signed on 18 November 2025, is AED 70,000 a year: a gross yield of 9.0% on the 2017 price, before the service charge of about AED 10,300 a year.
Sales and rents for 923 over time
923 has sold once; 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 923 sits
All 316 studios →923 last sold in December 2017 at AED 1,747 per sqft, in line with what studios in MAG 318 Tower were fetching at the time (AED 1,785). 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. 923's AED 70,000 is in the lower half of that range.
| 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 78K /yr
- Typical yield
- 6.1%
Other units on the 9th floor
All 439 units in MAG 318 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 901 | 1-bed | 819 sqft | AED 1.52MAED 1,524,330 · Sep 2020September 2020 | 90,000 /yr | |
| 902 | 2-bed | 967 sqft | AED 1.78MAED 1,781,294 · Jul 2018July 2018 | 160,000 /yr | |
| 903 | Studio | 438 sqft | AED 753KAED 752,500 · Jan 2019January 2019 | 76,000 /yr | |
| 904 | Studio | 433 sqft | AED 945KAED 945,000 · Dec 2023December 2023 | 19,945 /yr | |
| 905 | Studio | 432 sqft | AED 763KAED 763,000 · Dec 2017December 2017 | 56,000 /yr | |
| 906 | Studio | 433 sqft | AED 794KAED 794,181 · May 2018May 2018 | 90,000 /yr | |
| 907 | Studio | 432 sqft | AED 684KAED 683,616 · Sep 2021September 2021 | 60,000 /yr | |
| 908 | Studio | 433 sqft | AED 920KAED 920,000 · Aug 2026August 2026 | 90,000 /yr | |
| 909 | Studio | 433 sqft | AED 800KAED 800,000 · May 2022May 2022 | ||
| 910 | Studio | 432 sqft | AED 900KAED 900,000 · May 2023May 2023 | 55,000 /yr | |
| 911 | Studio | 436 sqft | AED 779KAED 778,619 · May 2019May 2019 | 55,000 /yr | |
| 912 | 2-bed | 966 sqft | AED 2.25MAED 2,250,000 · Dec 2020December 2020 | 105,000 /yr | |
| 913 | 1-bed | 982 sqft | AED 2.05MAED 2,050,000 · Dec 2020December 2020 | 90,000 /yr | |
| 914 | 2-bed | 1,045 sqft | AED 1.9MAED 1,904,413 · Jan 2021January 2021 | 118,000 /yr | |
| 915 | Studio | 444 sqft | AED 1.21MAED 1,210,000 · Jul 2025July 2025 | 120,000 /yr | |
| 916 | Studio | 440 sqft | AED 925KAED 925,000 · Jan 2023January 2023 | ||
| 917 | Studio | 441 sqft | AED 1.06MAED 1,060,000 · Aug 2025August 2025 | 78,000 /yr | |
| 918 | Studio | 441 sqft | AED 970KAED 969,500 · Oct 2022October 2022 | 58,000 /yr | |
| 919 | Studio | 440 sqft | AED 623KAED 622,500 · Mar 2021March 2021 | ||
| 920 | Studio | 441 sqft | AED 660KAED 660,000 · Aug 2021August 2021 | ||
| 921 | Studio | 440 sqft | AED 1.07MAED 1,070,000 · Sep 2024September 2024 | 64,000 /yr | |
| 922 | Studio | 221 sqft | AED 773KAED 773,000 · Dec 2017December 2017 | 90,000 /yr | |
| 924 | 2-bed | 1,043 sqft | AED 2.14MAED 2,140,920 · Nov 2020November 2020 | 110,000 /yr |
923, MAG 318 Tower in numbers
- Sold once: by MAG on 10 December 2017 for AED 780,000, or AED 1,747 per sqft.
- Rented since June 2021 on 5 Ejari contracts, from AED 46,000 to AED 70,000 a year.
- At AED 70,000 a year the gross yield on the 2017 price is 9.0%, before a service charge of about AED 10,300 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 18 November 2025.
Questions about 923, MAG 318 Tower
What did unit 923 last sell for?
AED 780,000 on 10 December 2017, sold by the developer: AED 1,747 per sqft for 446 sqft. It is the only registered sale of the unit.
What is the rent for unit 923?
AED 70,000 a year on the contract signed on 18 November 2025. The previous contract, from September 2024, was AED 72,000; the unit has been rented since June 2021.
How big is unit 923?
446 sqft (41.4 sqm): a studio on the 9th floor of a 22-storey tower completed in 2020.
What is unit 923 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 923, MAG 318 Tower
Starts from the last sale price (AED 780K, 10 December 2017). 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 →