MAG 318
- Completed 2020
- 25 floors
- 8 lifts
- 601 parking bays
- 2 pools
- Master developer Mag
A studio in MAG 318 costs a median AED 1.05M, rents long-let for AED 70,000/yr (6.7% gross), and returns 12.0% short-term at the assumed 70% occupancy.
Studio · typical price
1.05MAED
AED 2,425/sqft · -1.1% on a year
- Rent a year
- AED 70,000
- Yield after service charge
- 5.7%
- vs Business Bay
- 3% above the median
Cost to buy, all inAED 1.12M
- Price
- AED 1.05M
- DLD fee 4%
- AED 42,000
- Agent 2% + VAT
- AED 22,050
- Trustee
- AED 4,200
Fees repaid by net rent14 months
Is MAG 318 a good investment?Easy to let; rents are slipping and lots of new supply is coming
- Does it pay a good rent?6.7% gross, 5.7% after the service charge (Dubai median 6.8%)6.7%Fair
- Is it easy to let?63% of units signed a yearly lease in 12 months; the typical Business Bay building manages 41%63%Strength
Business Bay median 41% · top tenth from 69%MAG 318 · 63% Across 82 Business Bay buildings with 40 or more units, the median signed annual leases on 41% of units in 12 months and the top tenth on 69% or more; MAG 318 is at 63%.
- Are rents going up?New studio leases: AED 77,250 a year ago, AED 70,000 now-9.4%Watch
- Are prices going up?Studio: AED 2,454/sqft a year ago, 2,425 now-1.1%Fair
- How fast do fees pay back?AED 68,250 in fees to buy a studio; net rent covers it in 1.1 years1.1 yrsFair
- Can I sell easily?27 sales in 12 months, 6% of the tower (45 the year before)27Fair
- Is a lot being built nearby?11,591 apartments are planned in Business Bay from 2026 to 2028, equal to 64% of the 18,176 homes let there today. A further 2,730 are past their planned date. Business Bay supply by year →64%Watch
- Did earlier buyers gain?Up 32% for buyers 5 years ago; up 29% for launch buyers, before fees+32.4%Context
Readings use published thresholds · studio figures, the most traded type · Data to 12 Oct 2026
MAG 318 prices and rents by unit typeA studio costs about AED 1.05M and rents for about AED 70,000 a year
Appreciation, rental income and short-term detail, by unit typeAppreciation, rental income and short-term detail, by unit type
Appreciation
Studio · price per sqft · Business Bay · area median AED 2,363/sqft
- 12-month change
- -1.1%
- 3 years
- +11.8% · +3.8%/yr
- 5 years
- +41.5% · +7.2%/yr
- vs area median
- +2.6%
- Rank by price per sqft
- 36th of 79
- Off-plan price gain, 2017–2021
- +34.6% · +4.3%/yr
Rental income
Studio · Business Bay
- Gross yield
- 6.7%
- Median new rent
- AED 70,000/yr
- Yield vs area median
- -0.2 pts
- Yield vs Dubai (6.8%)
- -0.1 pts
- Yield rank
- 26th of 47
- Renewal rent
- AED 77,000/yr
- New tenants pay vs sitting (29 renewals)
- -9.1%
Short-term income
Studio · 70% occupancy · 7-night stays
- Median nightly rate
- AED 618
- Net revenue
- AED 126,055/yr
- vs long-let rent
- 1.8×
- Listings seen
- 4+
Price history and sales
As filed with the Land Department — data to 2026-10-12.
Sale price, AED (right axis) Rent on new leases, AED a year (left axis)
Chart data, Studio: Nov 2017, AED 787,461; latest, Aug 2026, AED 935,000; peak, Jun 2025, AED 1,100,000. Rent on new leases: Apr 2021, AED 48,683 a year; latest, Oct 2026, AED 56,000.
Did earlier buyers gain?
Median paid per sqft, all types, against today’s 2,317 · before fees
- Launch, 2017–21
- 1,799
- +29%
- 128 sales
- 5 years ago
- 1,749
- +32%
- 136 sales
- 3 years ago
- 2,167
- +7%
- 41 sales
- Previous 12 months
- 2,421
- −4%
- 45 sales
- Last 12 months
- 2,317
- today
- 27 sales
The change is what a buyer at each median would be up or down at today’s median. A shift in the unit mix can move a median without any unit changing price.
27 resales in the last 12 months, against 39 a year on average over 2023–2025.
27 resales in the last 12 months.
Short-term rates around MAG 318
Median nightly rate on Airbnb for a 7-night stay, priced across the coming year.
Nightly rate through the yearNightly rate through the year
Comparables in Business Bay
Every Business Bay building with a page, ranked by price per sqft over the same 12 months, all unit types. MAG 318 places 57th of 150; the nearest 8 are shown.
Rank 1 is the dearest per square foot. Differences are against MAG 318 (AED 2,317/sqft); yields need a publishable price and are blank where the recorded prices are share transfers.
At studio, MAG 318 has registered sale prices 3% above the Business Bay median price per square foot of 2,363 AED, across 79 eligible buildings. It ranks 36th of 79 by price 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 activityPlanned 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 supplySupply 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 countedDirect 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.
About MAG 318
MAG 318 is an apartment building completed in 2020 by Mag in Business Bay. 640 sales are registered with the Dubai Land Department.
The building, as registered
- Service charge
- AED 23.03/sqft a year · 2026 budget
- 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
MAG 318: AED 2,317 per sq ft, 13% above the median Business Bay building, and a 7.2% gross yield, above the area's median building
The building's own figures against its area's registered market, last twelve months.
Price per sq ft
Median registered sale price, AED per sq ft, last 12 months
- MAG 318AED 2,317
- Business Bay, readyAED 1,869
- Business Bay, off-planAED 2,685
- Dubai, readyAED 1,421
Gross yield against the area's buildings
Axis: gross yield, % of price
MAG 318Business Bay median building
- Business Bay7.2% vs 6.6%
Nearby in Business Bay
Prices per sq ft around MAG 318, on the mapPrices per sq ft around MAG 318, on the map
Peninsula Four
Business Bay · 215 sales, 12 months
2.04M
AED, resale median · 2,517/sqft
Al Habtoor Tower
Business Bay · 205 sales, 12 months
3.44M
AED, resale median · 2,733/sqft
Peninsula Three
Business Bay · 164 sales, 12 months
1.74M
AED, resale median · 2,656/sqft
Regalia By Deyaar
Business Bay · 105 sales, 12 months
1.28M
AED, resale median · 1,782/sqft
Before you decide
The facts that can change the return, each with the date it rests on.
- Sales and rents toOn record
- Sales evidence · StudioOn record
- Rental evidence · StudioOn record
- Service chargeAED 23.03/sqft a year, 2026 owners-association budget; 5.7% yield after it. Confirm against the latest invoice.On record
- Project registerOn record
- DeveloperOn record
- Short-term assumptionRead with care
- Building recordOn record
- Costs not includedNot in the yield
Rent or buy
What owning a studio here costs against renting it, at stated assumptions you can change.
Monthly cost of owning against renting, with your own deposit and rateMonthly cost of owning against renting, with your own deposit and rate
Prefilled from MAG 318’s median sale price and annual rent, with the fees and growth rates listed in the breakdown as of . Change any figure.
More assumptionsFewer assumptions
The site does not hold this building’s service charge; type yours to include it. Residency sets the default down payment: typical bank floor, not a rule.
- Monthly mortgage
- 4,669AED
- 4.5% over 25 years
- Monthly rent
- 5,833AED
- AED 70,000 a year
- Cash needed at purchase
- 291,750AED
- 20% down plus AED 81,750 in fees
Owning costs AED 254,637 less than renting over 5 years, once the sale is counted.
Buying overtakes renting in year 2.
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Common questions
- What is the rental yield in MAG 318?
- MAG 318 returns 6.7% gross: a median new-contract rent of AED 70,000 a year (160 Ejari contracts in 12 months) over a price benchmark of AED 1.05M (median of 21 sales in the last 12 months, latest Aug 2026), before service charge, agency fees or vacant months.
- How much does a studio in MAG 318 cost?
- The median registered sale price is AED 1.05M (2,425 AED/sqft), from 21 Dubai Land Department sales in the last 12 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 12 months have a median of 2,425 AED/sqft, across 21 sales. That uses the same trailing year as the rent and yield figures, requires at least five sales, and excludes off-plan. Floor, view and condition move a specific unit's price around it.
- Have prices in MAG 318 risen or fallen?
- Median price per square foot moved -1.1% over the last 12 months against the 12 before it, on 21 sales with a price per square foot. On a sample this size, read the direction rather than the exact figure.
- How does MAG 318 compare with Business Bay?
- Its 6.7% gross yield sits -0.2 pts against the Business Bay median of 6.8%, computed the same way at the same bedroom grain. Gross yield divides the median annual rent from new registered Ejari contracts starting in the last 12 months by the median price of the building's registered sales in the last 12 months (at least 3 sales) for the same bedroom type, with ready and off-plan sales counted alike.
For agents
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MAG 318 sale record
- Record type
- Building-level property market record
- Data date
- · refreshed
- Evidence base
- 21 registered sales 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
- /sale/apartments/dubai/business-bay/mag-318
Cite as: Dubai Wealth Index. “MAG 318 sale prices and yield.” Business Bay, Dubai. Data to 2026-10-12. https://dubaiwealthindex.com/sale/apartments/dubai/business-bay/mag-318
Stable dataJSON