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Dubai project data

MAG 318: rents and rent contracts

ماج 318

Registered sales and rent contracts for the project MAG 318 in Business Bay, from Dubai Land Department open data.

MAG 318 (Business Bay): 289 registered rent contracts in the 12 months to September 2026, median annual rent AED 80,000. Source: Dubai Land Department open data via data.dubai, as of 23 Oct 2026, calculated by Zolia.

Key figures, last 12 months

Data as of 23 Oct 2026 · Period Oct 2025 – Sep 2026

Registered sales
29
−37.0% vs previous 12 months
Median price per sq ft
AED 2,317 per sq ft
−4.3% vs previous 12 months
Median sale price
AED 1.1m
Off-plan share of sales
under 3
Registered rent contracts
289
Median annual rent
AED 80,000
Gross rental yield
under 30 sales (27)
Mortgage registrations
11
Units in the register
451

Indicative figures from registered transactions and rent contracts, not a valuation of any unit.

Registered mortgage transactions only, without interest rates and without lenders.

“Under 3”: fewer than 3 registered records, so no figure is shown (no figures from single transactions). Gross yield needs enough ready apartment sales and apartment rent contracts in the same months.

Off-plan and ready sales in MAG 318

StatusSalesMedian per sq ftMiddle range per sq ft
Off-planunder 3under 3under 3
Ready29AED 2,317 per sq ft2,069 – 2,483

Off-plan sales are sales of properties before completion, as registered in Dubai Land Department transactions; ready sales are sales of completed properties.

“Under 3”: fewer than 3 registered records, so no figure is shown (no figures from single transactions). Gross yield needs enough ready apartment sales and apartment rent contracts in the same months.

Rents and rental yield in MAG 318

Registered rent contracts
289
Median annual rent
AED 80,000
Middle range of registered annual rents: AED 67,000 – AED 110,000
Median annual rent per sq ft
AED 149 per sq ft
Gross rental yield
under 30 sales (27)

The permitted rent increase is set by the Smart Rental Index of the Dubai Land Department; this page does not compute an index value. About the Smart Rental Index

Too few ready apartment sales for a gross rental yield: 27 in the period, at least 30 needed. Land, whole buildings, villas and commercial units are not counted.

“Under 3”: fewer than 3 registered records, so no figure is shown (no figures from single transactions). Gross yield needs enough ready apartment sales and apartment rent contracts in the same months.

Price per sq ft and rents by unit type in MAG 318

Unit typeSalesMedian per sq ftMedian annual rentGross yield
Studio21AED 2,425 per sq ftAED 74,000under 30 sales (21)
1 bedroom3AED 1,764 per sq ftAED 115,000under 30 sales (3)
2 bedrooms3AED 2,069 per sq ftAED 150,000under 30 sales (3)

Indicative figures from registered transactions and rent contracts, not a valuation of any unit.

“Under 3”: fewer than 3 registered records, so no figure is shown (no figures from single transactions). Gross yield needs enough ready apartment sales and apartment rent contracts in the same months.

Price trend in MAG 318

MonthSalesMedian per sq ftRent contracts
Oct 2024under 3under 332
Nov 2024under 3under 343
Dec 2024under 3under 322
Jan 20253AED 2,402 per sq ft24
Feb 20257AED 2,465 per sq ft13
Mar 2025under 3under 311
Apr 20254AED 2,198 per sq ft15
May 20253AED 2,410 per sq ft25
Jun 20253AED 2,466 per sq ft15
Jul 20257AED 2,625 per sq ft21
Aug 202510AED 2,405 per sq ft13
Sep 20253AED 2,386 per sq ft32
Oct 2025under 3under 338
Nov 20253AED 2,483 per sq ft42
Dec 20253AED 2,496 per sq ft30
Jan 20264AED 2,317 per sq ft24
Feb 20263AED 2,387 per sq ft16
Mar 2026under 3under 310
Apr 2026under 3under 312
May 2026under 3under 314
Jun 2026under 3under 316
Jul 20268AED 2,137 per sq ft22
Aug 2026under 3under 326
Sep 2026under 3under 339
Sales per calendar year
YearSalesMedian per sq ft
20177AED 1,782 per sq ft
2018125AED 1,798 per sq ft
201980AED 1,802 per sq ft
2020112AED 2,087 per sq ft
2021132AED 1,744 per sq ft
202241AED 1,904 per sq ft
202341AED 2,167 per sq ft
202430AED 2,317 per sq ft
202548AED 2,443 per sq ft

“Under 3”: fewer than 3 registered records, so no figure is shown (no figures from single transactions). Gross yield needs enough ready apartment sales and apartment rent contracts in the same months.

Location

MAG 318 is a project in the DLD area Business Bay.

Figures for Business Bay

Names as in the registered transactions and rent contracts; company names are not shown.

More projects in Business Bay

Questions about MAG 318

How many sales were registered in MAG 318?
29 sales were registered in MAG 318 in Oct 2025 – Sep 2026.
What is the median price per sq ft in MAG 318?
The median price of registered sales in MAG 318 was AED 2,317 per sq ft in Oct 2025 – Sep 2026.
What is the median annual rent in MAG 318?
The median annual rent of registered rent contracts in MAG 318 was AED 80,000 in Oct 2025 – Sep 2026.
Which DLD area is MAG 318 in?
MAG 318 is registered in the Dubai Land Department area Business Bay.

Method and source

All Dubai projects with figuresAll Dubai areasHow these figures are calculated

Figures based on fewer than 3 records are not shown.

Source: Dubai Land Department, open data via data.dubai (as of 23 Oct 2026). Prepared by Zolia; not an official product of the Dubai Land Department.

Open data portal: data.dubai · Licence: Dubai Open Data Licence

  • Source: Dubai Land Department (Open Data), https://dubailand.gov.ae/en/open-data/real-estate-data/, under the Dubai Open Data Licence dubailand.gov.ae