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MAG 318

A studio in MAG 318 costs a median AED 1.07M, rents long-let for AED 75,000/yr (7.65% gross), and returns 13.49% short-let at the assumed 80% occupancy — +0.0 pts vs Business Bay's 7.62% and +0.7 pts vs Dubai's 6.97% — from 58 sales and 268 rental contracts registered in the last 24 months through 26 Aug 2026.

Registered data
Sales · Studio
25 in 12 months
Rental contracts · Studio
144 in 12 months
Buy
1.07MAED
AED 2,228/sqft
Long-let
7.65%
AED 75,000/yr
Short-let
13.49%
AED 618/night · 1.40/sqft

Price per sqft: Median of 7 registered sales of ready units in the last 3 months, most recent August 2026.

Priced off 7 sales in the last 3 months.

Yield spread
+0.0 pts
vs the Business Bay median for this unit type
AED/yr/sqft
AED 174
Sales
58
Rental contracts
268
Renewal rent
AED 75,000/yr
12 months
-1.6%
3 years
+11.8%+3.8%/yr
5 years
+41.5%+7.2%/yr

Based on 58 sales and 268 rental contracts in the last 24 months.

MAG 318 is an apartment building in Business Bay, Dubai. The closest metro station is Burj Khalifa / Dubai Mall Metro Station, the nearest mall Dubai Mall and the nearest landmark Downtown Dubai. Land Department records for it run from 2017 to 2026, 1,274 registered sales in all — the 58 in the last 24 months are what every median above is computed from.

Yield by bedroom type

TypeMedian priceAED/sqftYield12moSales
StudioAED 1.07M24407.65%
+0.0 pts
-1.6%58
1 bedAED 1.72M19696.93%
-0.2 pts
-12.8%6
2 bedAED 2.10M21396.98%
+0.3 pts
+1.6%8

Deltas compare each yield with the Business Bay median for the same unit type. How these yields are computed

How these yields are computed
Each yield divides the median rent by the median of the last 3 months of sales — or of the last 5 sales where the last 3 months hold fewer than three. Off-plan and ready sales count alike, and each bedroom type is priced off its own sales.

Short-let rates around MAG 318

Median nightly rate on Airbnb for a 7-night stay, priced across the coming year.

How short-let rates are measured
Rates are sampled for every month of the coming year, so the figure carries the full season rather than a winter or summer slice. Listing counts are what those searches returned on the first page — a floor on what the building actually lists, not a count of it. Airbnb publishes approximate coordinates, so even the tightest set — listings within 50 metres — is the building and its immediate neighbours. Where that set is too small to measure a bedroom type, the row widens to the surrounding 500-metre cluster and is marked “500m”.
TypeNightly (AED)AED/night/sqftNet revenue at 80%Long-let rentUpliftShort-let yieldListings seen
Studio6181.40AED 144,973AED 75,0001.9×13.49%4+
1 bed5610.64AED 123,757AED 120,0001.0×7.19%11+
2 bed1,1611.18AED 270,001AED 150,0001.8×12.86%3+

Net revenue assumes 80% occupancy — an assumption, not a measurement.

What the net revenue deducts
Occupancy is an assumption because no Dubai source publishes it per building — at half the occupancy, halve the revenue and the yield. From the nightly rate a guest sees, net revenue deducts Airbnb's 15.5% fee, then cleaning at 2 turnovers a month and utilities, both scaled to the unit's measured floor area. Service charge and mortgage are deliberately not deducted: neither comes out of the long-let rent beside it, and a service charge is owed whichever way the unit is let, so taking it off one side only would break the comparison. Neither figure is net of income tax or furnishing.

Off-plan vs resale

Units sold off-plan in MAG 318 between 2017 and 2021 went for a median of AED 1,824/sqft (AED 808,168). The same building resells today at AED 2,407/sqft (AED 1.09M) — an uplift of +34.6%.

Based on 325 off-plan sales across the building's full history.

Why this uses the full history
This comparison is deliberately not restricted to the 24-month window used elsewhere on the page — off-plan launches mostly predate it, so the window would erase the sales being compared.

Recent transactions

As filed with the Land Department — data to 2026-08-26.

32 resales in the last 12 months, against 39 a year on average over 2023–2025.

Sales

DateTypeSqftPriceAED/sqft
7 Aug 2026Studio440AED 850,0001,933
27 Jul 20261 bed982AED 1,732,5161,764
21 Jul 2026Studio441AED 850,0001,927
20 Jul 2026Studio432AED 1,000,0002,317
20 Jul 2026Studio433AED 990,0002,287
13 Jul 2026Studio440AED 980,0002,228
9 Jul 2026Studio446AED 950,0002,128
2 Jul 2026Studio434AED 1,069,0002,465
1 Jul 20261 bed819AED 1,750,0002,137

9 resales in the last 3 months.

Rental contracts

StartTypeSqftAnnual rentAED/sqftContract
4 Sept 2026Studio438AED 55,000126New
3 Sept 2026Studio440AED 56,000127New
3 Sept 2026Studio441AED 55,000125New
1 Sept 2026Studio443AED 56,000126New
27 Aug 2026Studio433AED 54,271125New
26 Aug 2026Studio433AED 55,000127New
25 Aug 2026Studio440AED 52,000118New
25 Aug 2026Studio441AED 55,000125New
22 Aug 2026Studio440AED 60,000136Renewal
19 Aug 2026Studio432AED 54,000125New
19 Aug 2026Studio444AED 67,000151New
17 Aug 20261 bed819AED 90,000110New
17 Aug 2026Studio436AED 60,000138New
17 Aug 20261 bed819AED 90,000110New
14 Aug 20262 bed1,045AED 150,000144Renewal
14 Aug 2026Studio446AED 55,000123New
13 Aug 2026Studio440AED 60,000136New
10 Aug 2026Studio433AED 55,000127New
10 Aug 2026Studio441AED 65,000147Renewal
1 Aug 2026Studio441AED 60,000136New
1 Aug 2026Studio441AED 56,000127New
1 Aug 20261 bed819AED 90,000110New
1 Aug 2026Studio441AED 55,000125New
1 Aug 2026Studio441AED 60,000136New
30 Jul 2026Studio440AED 55,000125New
30 Jul 2026Studio432AED 62,500145New
25 Jul 2026Studio432AED 55,000127New
22 Jul 2026Studio433AED 58,000134New
16 Jul 20261 bed819AED 90,000110New
16 Jul 20261 bed819AED 90,000110New
15 Jul 2026Studio446AED 65,000146Renewal
13 Jul 20261 bed819AED 85,000104New
13 Jul 2026Studio436AED 60,000138New
13 Jul 20261 bed819AED 85,000104New
11 Jul 20262 bed1,044AED 120,000115Renewal
7 Jul 2026Studio433AED 60,000139New
6 Jul 2026Studio433AED 60,000139New
3 Jul 20262 bed967AED 115,000119New
3 Jul 20262 bed1,045AED 118,000113Renewal
1 Jul 2026Studio436AED 55,000126New
1 Jul 2026Studio434AED 64,200148New
1 Jul 2026Studio433AED 55,000127New
1 Jul 20261 bed982AED 108,519110Renewal
1 Jul 2026Studio433AED 60,000139New
1 Jul 2026Studio432AED 55,000127New
26 Jun 20261 bed872AED 120,000138Renewal
25 Jun 20262 bed1,043AED 150,000144New
25 Jun 2026Studio441AED 75,000170Renewal
25 Jun 20262 bed1,043AED 110,000105Renewal
23 Jun 20262 bed1,043AED 150,000144New
22 Jun 20262 bed1,043AED 150,000144New
18 Jun 2026Studio436AED 60,000138New
12 Jun 2026Studio438AED 80,000183New
12 Jun 2026Studio440AED 65,000148Renewal
10 Jun 2026Studio446AED 55,000123New
5 Jun 2026Studio432AED 60,000139New
2 Jun 20262 bed1,043AED 160,000153New
1 Jun 2026Studio440AED 65,000148New
1 Jun 20261 bed890AED 90,000101Renewal
1 Jun 2026Studio440AED 60,000136New

Showing the 60 most recent of 63 contracts starting on or after 26 May 2026.

Start dates after 26 Aug 2026 are contracts already filed for a later move-in. They count towards the rent medians above for the same reason they appear here.

As registered

The building's record in the Dubai Land Department register, as of September 2026. Counts are as registered, not as built or as operated.

Floors
25
Lifts
8
Parking bays
601
Swimming pools
2

Nearby

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

Compare with nearby buildings

The most-traded buildings in Business Bay, on the same figures over the same window.

Common questions

What is the rental yield in MAG 318?
MAG 318 returns 7.65% gross — median annual rent from new Ejari contracts over the median resale price, before service charge, agency fees or vacant months. Measured across 268 rental contracts registered in the last 24 months.
How much does a studio in MAG 318 cost?
The median registered sale price is AED 1.07M (2,440 AED/sqft), from 58 Dubai Land Department sales in the last 24 months. This is a price paid, not an asking price.
What are apartments in MAG 318 selling for right now?
Registered sales of ready units in MAG 318 over the last 3 months have a median of 2,228 AED/sqft, across 7 sales. That is the freshest window holding at least five, and it excludes off-plan. It is a median of what traded, not a valuation of a specific unit — floor, view and condition all move a real price and none of them is in it.
Have prices in MAG 318 risen or fallen?
Median price per square foot moved -1.6% over the last 12 months against the 12 before it, on 58 registered sales. On a sample this size, read the direction rather than the exact figure.
Does MAG 318 earn more short-let than long-let?
A night asks a median of AED 618, which models to 13.49% net at an assumed 80% occupancy for a self-managed unit, after platform fees, cleaning and utilities — against 7.65% gross on the registered long lease. Nightly rates are asking rates sampled across the next 12 months, not registered income.

Source: Dubai Land Department open data — sale transactions and Ejari rental contracts. Data as of 2026-08-26. Short-let rates are collected separately from public Airbnb search results.

Gross yield divides median annual rent from new contracts by the median resale price for the same bedroom type over the last 24 months. Off-plan sales are included in price and trend figures but excluded from the yield denominator.

MAG 318 sale record

Record type
Building-level property market record
Data date
Evidence base
58 registered sales in the trailing 24 months for the default unit type
Sources
Dubai Land Department sale transactions and Ejari rental contracts; public Airbnb search results for forward short-let rates
Canonical record
/sale/apartments/dubai/business-bay/mag-318
Method
Definitions and calculations

Cite as: Dubai Wealth Index. “MAG 318 sale prices and yield.” Business Bay, Dubai. Data to 2026-08-26. https://dubaiwealthindex.com/sale/apartments/dubai/business-bay/mag-318.

Stable dataJSON

Where this data stops

Service charges are not in DLD's open data, so the yield above is gross. Net return needs this building's charge per sqft.