What is the registered annual rent for a studio in MAG 318?

The median new annual rent is AED 70,000, from 160 Ejari contracts in the trailing 12 months to 2026-10-12. The evidence is recorded for this building. Compare the same bedroom type; floor, view and condition can change an individual rent.

Have registered rents in MAG 318 risen or fallen?

The median new annual rent changed -9.4% in the trailing 12 months against the previous 12, using 160 new Ejari contracts in the current period to 2026-10-12. Different homes can appear in the two periods; this is not the change on an individual tenancy.

Do new tenants in MAG 318 pay more than sitting ones?

A new tenant pays -9.1% against a renewing one, across 29 renewal contracts in the last 12 months. This compares different new and renewal contract groups, not the same tenancy before and after a move. It is not a permitted rent increase or a guaranteed gain.

How many apartments change hands in MAG 318?

21 sales were registered with the Dubai Land Department in the last 12 months, alongside 160 Ejari rental contracts. Every median on this page rests on those counts.

Which metro station is closest to MAG 318?

Burj Khalifa / Dubai Mall Metro Station, per the Dubai Land Department's own nearest-landmark fields. The nearest mall is Dubai Mall.

Ejari leases to 12 Oct 2026

MAG 318 rents

222 new leases and 56 renewals in 12 months
439 units
Business Bay
near Burj Khalifa / Dubai Mall Metro Station

A studio here leases for about AED 70,000 a year, 1% above the typical Business Bay studio. Renewing tenants pay more than new ones: AED 77,000.

Studio · typical new lease

70,000AEDa year

AED 159/sqft · -9.4% on a year

A month, roughly: AED 5,833
Renewal: AED 77,000
vs Business Bay studio: 1% above the median
New leases, 12 months: 160

Ask an agent about this rent

Buying instead? MAG 318 sale prices →

What should a lease in MAG 318 cost?A studio leases for about AED 70,000 a year; renewing tenants pay 10.0% more than new ones

Type	New lease	vs Business Bay	Leases
Studiomost leased	70,000159/sqft	77,00029 renewals	1% moretypical 69,000	160
1 bed	97,500119/sqft	120,00014 renewals	1% moretypical 96,500	28
2 bed	150,000144/sqft	128,61713 renewals	7% moretypical 140,000	34

Median annual rent, AED a year, on Ejari leases starting in the 12 months to 12 Oct 2026. Renewal is blank where too few were registered; “typical” is the Business Bay median for the type.

Ask an agent about this rent →

Rent history and contracts

Every contract registered with Ejari — data to 2026-10-12.

A studio here now costs 9.4% less than a year earlier: AED 70,000 against 77,250.

Median annual rent, Studio, as a rolling 3-month median. The band along the bottom is the number of records each month.

Start	Type	Sqft	Annual rent	Contract
11 Oct 2026	Studio	432	AED 56,000	130	New
9 Oct 2026	Studio	436	AED 57,000	131	New
9 Oct 2026	2 bed	967	AED 110,000	114	New
7 Oct 2026	Studio	432	AED 68,000	158	Renewal
7 Oct 2026	1 bed	873	AED 88,000	101	New
5 Oct 2026	2 bed	1,044	AED 145,000	139	New
5 Oct 2026	Studio	433	AED 58,000	134	New
3 Oct 2026	1 bed	819	AED 85,000	104	New
3 Oct 2026	1 bed	819	AED 85,000	104	New
3 Oct 2026	2 bed	1,043	AED 130,000	125	New

Showing the 60 most recent of 278 contracts starting on or after 12 Oct 2025.

About MAG 318A 25-floor tower in Business Bay, an 8-minute drive from DIFC

MAG 318 is an apartment building completed in 2020 by Mag in Business Bay. 278 yearly leases, new and renewed, were registered with Ejari in the last 12 months.

Pinned from Google's place record for the registered name.Open in Google Maps

The building, as registered

Service charge: Paid by the landlord · AED 23.03/sqft a year
Floors: 25
Lifts: 8
Parking bays: 601
Pools: 2
Master developer: Mag

Drive times · typical

Downtown: 11 min · 4.3 km
DXB Airport: 13 min · 13 km
DIFC: 8 min · 6.4 km
Dubai Marina: 20 min · 22 km
Palm Jumeirah: 26 min · 26 km

Nearest, as registered

Metro: Burj Khalifa / Dubai Mall Metro Station
Mall: Dubai Mall
Landmark: Downtown Dubai

Letting a unit in MAG 318?63% of units here signed a yearly lease in 12 months, above the Business Bay median; new tenants pay less than renewing ones

Units on a yearly lease: 63%Strength; Business Bay median 41%; top tenth from 69%
New tenant vs renewal: -12.9%; New leases AED 77,500, renewals 89,000, all types
Short-let instead, studio: AED 618; a night on Airbnb; nets 1.8× the yearly rent at 70% occupancy, after fees, cleaning and utilities

Ejari leases to 12 Oct 2026 · Airbnb asking rates for the next 12 months; occupancy is an assumption, not a measurement

Thinking of selling? MAG 318 sale prices →

Comparables in Business Bay

Every Business Bay building with a page, ranked by annual rent per sqft over the same 12 months, all unit types. MAG 318 places 23rd of 100; the nearest 8 are shown.

Highest rental yields in Business Bay →

Rank	Building	Median rent	12-month change	Contracts
19–20	Prive by DAMAC (A), (B)one project rent, 2 towers	AED 75,000	147+4.0%	-6.3%	438
21	Binghatti Canal	AED 105,000	146+3.1%	-6.3%	97
22	The Pad	AED 95,000	144+2.0%	-9.5%	83
23	MAG 318 · this building	AED 77,500	141	-3.1%	222
24	Reva Residences	AED 75,000	138-1.9%	-4.9%	279
25	The Paragon by IGO	AED 90,000	135-4.5%	-14.3%	190
26	Urban Oasis	AED 113,000	135-4.6%	-5.8%	167
27	Paramount Tower Hotel & Residences	AED 151,193	134-4.8%	-16.0%	184

Rank 1 is the dearest per square foot. Differences are against MAG 318.

At studio, MAG 318 ranks 16th of 57 by rent per square foot and 26th of 47 by gross yield in Business Bay.

Market context in Business Bay

Registered sales activity

2,705 ready apartment sales in the 12 months to 2026-10-12.

+5.4% in median AED/sqft versus the preceding year, supported by 2,705 current and 3,581 prior price observations.

Explore sales activity

Planned apartment projects

10,312 known registered units across 12 pending projects planned within one year of the 2026-07-06 register.

10 projects had already passed their planned date; 6 have unknown timing.

Explore planned supply

Supply against leasing, and same-building moves

11,591 apartments are planned in Business Bay from 2026 to 2028, equal to 64% of the 18,176 homes let there today.

Ready prices per sqft fell in 50% of 131 buildings (counted once per bedroom type) in Business Bay with sales in both years; the typical one moved −0.1%.

The pooled median moved +5.4%: 5.5 points more than the typical building, because different buildings traded in each year.

New-lease rents fell in 79% of 124 buildings (counted once per bedroom type) with leases in both years; the typical one moved −5.6%.

How these are counted

Find service-charge budget evidence for MAG 318

Direct locality, all apartment bedroom types. Area context is not building performance. Planned dates are relative to the register date, not a delivery forecast; project unit counts can include mixed uses. Sales activity is not time on market or occupancy.

Nearby in Business Bay

Every building in Business Bay →

Prices per sq ft around MAG 318, on the map

Pills show median annual rent, AED. 85 buildings pinned from Google place records and Apple geocoding · MAG 318 is the inverted pinOpen in Apple Maps

Peninsula Three

Business Bay · 441 contracts, 12 months

100,000

AED a year median · 162/sqft

Prive by DAMAC (B)

Business Bay · 438 contracts, 12 months

75,000

AED a year median · 147/sqft

Prive by DAMAC (A)

Business Bay · 438 contracts, 12 months

75,000

AED a year median · 147/sqft

Amna Tower

Business Bay · 406 contracts, 12 months

135,000

AED a year median · 106/sqft

Ask about MAG 318

Looking to buy or rent here? Tell us what you need: unit type, budget, timing.

We reply by phone, WhatsApp or email, and put you in touch with a licensed agent.

Common questions

What is the registered annual rent for a studio in MAG 318?: The median new annual rent is AED 70,000, from 160 Ejari contracts in the trailing 12 months to 2026-10-12. The evidence is recorded for this building. Compare the same bedroom type; floor, view and condition can change an individual rent.
Have registered rents in MAG 318 risen or fallen?: The median new annual rent changed -9.4% in the trailing 12 months against the previous 12, using 160 new Ejari contracts in the current period to 2026-10-12. Different homes can appear in the two periods; this is not the change on an individual tenancy.
Do new tenants in MAG 318 pay more than sitting ones?: A new tenant pays -9.1% against a renewing one, across 29 renewal contracts in the last 12 months. This compares different new and renewal contract groups, not the same tenancy before and after a move. It is not a permitted rent increase or a guaranteed gain.
How many apartments change hands in MAG 318?: 21 sales were registered with the Dubai Land Department in the last 12 months, alongside 160 Ejari rental contracts. Every median on this page rests on those counts.
Which metro station is closest to MAG 318?: Burj Khalifa / Dubai Mall Metro Station, per the Dubai Land Department's own nearest-landmark fields. The nearest mall is Dubai Mall.

For agents

Send this page to a client as a branded report

Create client report

MAG 318 rental record

Record type: Building-level property market record
Data date: 2026-10-12 · refreshed 2026-10-14
Evidence base: 160 registered rental contracts in the last 12 months for the default unit type
Sources: Dubai Land Department sale transactions and Ejari rental contracts; public Airbnb search results for forward short-term rates
Canonical record: /rent/apartments/dubai/business-bay/mag-318
Method: Definitions and calculations

Cite as: Dubai Wealth Index. “MAG 318 rents and yield.” Business Bay, Dubai. Data to 2026-10-12. https://dubaiwealthindex.com/rent/apartments/dubai/business-bay/mag-318

Stable dataJSON