Market bulletin · Thu, 22 Oct 2026
MAG 318 Tower: 1 sales worth AED 850K in 30 days
MAG 318 Tower recorded 1 sale worth AED 850K in the 30 days to Thu, 22 Oct 2026, flat on the previous 30 days. Over the last week 1 sale was registered (AED 850K), against 0 the week before.
By market over 12 months: secondary (ready) sales 100%.
In Business Bay, MAG 318 Tower ranked #11 of 11 leading projects by 12-month sales value; it is developed by MAG Property Development.
Leases registered in the last three months had a median annual rent of AED 60K. The best gross yield is on Studio apartments at about 7.1%.
Median AED/sqft
Monthly median of all registered sales
View data table
| Date | AED/sqft |
|---|---|
| Oct 26 | — |
| Sept 26 | — |
| Aug 26 | — |
| Jul 26 | AED 2,182 |
| Jun 26 | — |
| May 26 | — |
| Apr 26 | — |
| Mar 26 | — |
| Feb 26 | — |
| Jan 26 | — |
| Dec 25 | — |
| Nov 25 | — |
| Oct 25 | — |
| Sept 25 | AED 2,456 |
| Aug 25 | AED 2,349 |
| Jul 25 | AED 2,518 |
| Jun 25 | — |
| May 25 | — |
| Apr 25 | AED 2,160 |
| Mar 25 | — |
| Feb 25 | AED 2,397 |
| Jan 25 | AED 2,357 |
| Dec 24 | — |
| Nov 24 | — |
Sales per month
Registered sales by market
View data table
| Date | Off-plan (developer) | Off-plan resale | Secondary (ready) |
|---|---|---|---|
| Oct 26 | 0 | 0 | 1 |
| Sept 26 | 0 | 0 | 1 |
| Aug 26 | 0 | 0 | 1 |
| Jul 26 | 0 | 0 | 8 |
| Jun 26 | 0 | 0 | 0 |
| May 26 | 0 | 0 | 0 |
| Apr 26 | 0 | 0 | 0 |
| Mar 26 | 0 | 0 | 2 |
| Feb 26 | 0 | 0 | 2 |
| Jan 26 | 0 | 0 | 3 |
| Dec 25 | 0 | 0 | 3 |
| Nov 25 | 0 | 0 | 2 |
Period comparison
This market against its own past: each window vs the one before it and vs the same window a year earlier.
| Window | Sales | vs prior | Value | AED/sqft | vs prior |
|---|---|---|---|---|---|
| Last 1 month | 1 | unchanged 0.0% | AED 850K | — | — |
| Last 3 months | 4 | down 42.9% | AED 6.23M | — | — |
| Last 6 months | 11 | down 8.3% | AED 13.8M | 2,128 | down 13.4% |
| Last 12 months | 23 | down 62.3% | AED 28.2M | 2,287 | down 3.0% |
Raw medians — the headline change above is like-for-like (same market, type and bedrooms).
| Market | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| Secondary (ready) | 23 | 100% | AED 1.07M | 2,287 | down 3.0% |
| Bedrooms | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| Studio | 18 | 78% | AED 1.02M | 2,352 | down 2.4% |
| 1 bedroom | 3 | 13% | — | — | — |
| 2 bedrooms | 2 | 9% | — | — | — |
| Price | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| Under AED 2M | 21 | 91% | AED 1.07M | 2,317 | down 3.5% |
| AED 2M–10M | 2 | 9% | — | — | — |
Rents & yields
Leases registered with Ejari / DLD.
Median annual rent
Monthly median of registered leases (new and renewed)
View data table
| Date | Annual rent |
|---|---|
| Oct 26 | AED 70K |
| Sept 26 | AED 58K |
| Aug 26 | AED 56K |
| Jul 26 | AED 64K |
| Jun 26 | AED 85K |
| May 26 | AED 83K |
| Apr 26 | AED 94K |
| Mar 26 | AED 80K |
| Feb 26 | AED 92K |
| Jan 26 | AED 84K |
| Dec 25 | AED 80K |
| Nov 25 | AED 80K |
| Oct 25 | AED 79K |
| Sept 25 | AED 75K |
| Aug 25 | AED 79K |
| Jul 25 | AED 75K |
| Jun 25 | AED 75K |
| May 25 | AED 79K |
| Apr 25 | AED 79K |
| Mar 25 | AED 77K |
| Feb 25 | AED 85K |
| Jan 25 | AED 82K |
| Dec 24 | AED 79K |
| Nov 24 | AED 80K |
- Leases (12M)
- 365
- New leases
- 73.7%
- Median rent 3M
- AED 60K
- Rent/sqft 3M
- AED 128
| Studio apartments | AED 73K / AED 1.02M | 7.1% |
|---|
| Bedrooms | Leases | Median rent | New leases | AED/sqft/yr |
|---|---|---|---|---|
| Studio | 202 | AED 73K | AED 71K | 166 |
| 1 BR | 60 | AED 107K | AED 105K | 120 |
| 2 BR | 41 | AED 146K | AED 149K | 139 |
Competing projects in Business Bay
CompareOther projects trading in the same community
| Name | Sales 12M | AED/sqft | 3M |
|---|---|---|---|
| Bugatti ResidencesBinghatti | 26 | 5,436 | — |
| DWTN Residences - Downtown ResidencesDeyaar Development | 294 | 2,773 | — |
| Al Habtoor TowerAl Habtoor Group | 177 | 2,661 | — |
| One by BinghattiBinghatti | 172 | 2,205 | up 2.7% |
| Tiger Sky TowerTiger Properties - Tiger Real Estate | 156 | 2,350 | — |
| Volante 2Xtreme Vision | 12 | 3,491 | — |
| Burj Binghatti by Jacob & CoBinghatti | 27 | 3,523 | — |
| Avarra - Business Bay Palace ResidencesEmaar Properties | 59 | 3,460 | — |
| One River PointEllington Properties Development | 79 | 2,714 | — |
| Bayz 102 By DanubeDanube Properties | 93 | 2,955 | — |
Biggest sales, last 3 months
| Price | Property | Date |
|---|---|---|
| AED 2.80M | 2 BR Apartment · 1,602 sqftMAG 318 Tower · Business Bay | 14 Sept |
| AED 1.73M | 1 BR Apartment · 982 sqftMAG 318 Tower · Business Bay | 27 Jul |
| AED 850K | Studio Apartment · 440 sqftMAG 318 Tower · Business Bay | 7 Aug |
| AED 850K | Studio Apartment · 432 sqftMAG 318 Tower · Business Bay | 22 Oct |
Questions about MAG 318 Tower
How many properties were sold in MAG 318 Tower in the last year?
23 sales worth AED 28.2M were registered in the last 12 months: 0% developer off-plan, 0% off-plan resales and 100% secondary (ready) sales.
What is the average rent in MAG 318 Tower?
The median annual rent on leases registered in the last three months was AED 60K, and the best gross rental yield is about 7.1%.
Source: Dubai Land Department registrations, data through Thu, 22 Oct 2026. Medians need at least five sales; like-for-like changes compare the same market, property type and bedroom count. DLD files townhouses as villas — we split them out where the project or unit name says townhouse.
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