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Mag 318 rent: what tenants really pay
Rent in Mag 318, Business Bay: Studio AED 70,000, 1-bed AED 92,500, 2-bed AED 150,000 a year. These are medians of 291 Ejari leases signed 16 Oct 2025–15 Oct 2026. Per sq ft, a Studio here is AED 165, against AED 136 across Business Bay. About 128 homes here are advertised for rent now.
Updated 21 Oct 2026 · Source: Dubai Land Department Ejari leases and listing-site adverts · Method
“Mag 318: you pay a premium per sq ft here, so check the view and the unit before you sign. Lots of homes are on the market; offer at the signed figure, not the advert. Ask the agent what the last tenant signed, then use the table below.”
Know the rent before you sign
What tenants in this building really paid, what landlords ask, and how hard to push.
What the leases say about Mag 318
- Per sq ft, a Studio here costs 22% more than the Business Bay median: AED 165 against AED 136. It is number 39 of 47 Business Bay buildings, cheapest first.
- New Studio tenants pay AED 70,000, renewing tenants AED 77,000. For the same home, renewing is more expensive than moving in: a new tenant pays 9% less.
- New-lease rent per sq ft fell 18% on the year, to AED 140 a sq ft.
- About 128 homes are advertised for rent against 291 leases signed in a year: a lot of choice, so there is room to negotiate.
- 74 leases end in the next 60 days, so more homes may become available soon.
Rent in Mag 318 by bedrooms
AED a year, medians. Signed: Ejari leases 16 Oct 2025–15 Oct 2026. Asking: adverts on 16 Oct 2026, matched by building name.
| Home | New lease | Renewal | Asking | Size sq ft | AED / sq ft | Leases |
|---|---|---|---|---|---|---|
| Studio | 70,000 | 77,000 | 64,999 | 440 | 165 | 198 |
| 1-bed | 92,500 | 120,000 | 105,000 | 872 | 122 | 45 |
| 2-bed | 150,000 | 128,617 | 129,998 | 1,043 | 144 | 47 |
Where Mag 318 is, and the buildings around it
We do not hold the exact position of Mag 318 yet; the map shows Business Bay.
Click a building to see its rents. Rents shown are median new leases, 16 Oct 2025–15 Oct 2026.
Finding
A new Studio tenant in Mag 318 pays 9% less than a renewing one for the same home.
New lease against renewal: same building, same bedrooms, size within 15%
- For a Studio in this building, new tenants pay less than renewing tenants.
- If you renew, ask for the new-lease price.
- The renewal figure shows what the landlord accepts from tenants he wants to keep.
- Renew or move →
Finding
New-lease rent per sq ft in Mag 318 fell 18% on the year.
Median new lease, AED a sq ft, by quarter
AED 140 a sq ft in the 12 months to 15 Oct 2026, against AED 170 the year before. Quarters with fewer than 10 new leases are left out of the chart.
Supply
74 leases in Mag 318 end in the next 60 days.
Leases ending soon: homes that may become available
Some will renew, some will come back to the market. More homes free means more room to negotiate. Ask agents about units with a lease ending soon.
Compare: other Business Bay buildings, Studio
| Building | New lease | Size sq ft | AED / sq ft | Leases |
|---|---|---|---|---|
| The Paragon By Igo | 70,000 | 431 | 164 | 43 |
| West Wharef Tower | 70,000 | 605 | 116 | 22 |
| Prive By Damac | 68,000 | 431 | 161 | 462 |
| Urban Oasis | 72,000 | 424 | 155 | 29 |
| Sol Bay | 68,000 | 518 | 131 | 67 |
| Sol Avenue | 72,000 | 489 | 143 | 20 |
| Millennium Binghatti Residences Business Bay | 67,000 | 522 | 133 | 57 |
| Luxury Family Residence II | 73,500 | 412 | 168 | 51 |
Buying in Business Bay? Sale prices, every tower, resale and off-plan: Business Bay on BUY DUBAI →
Questions
How much is rent in Mag 318?
Rent in Mag 318, Business Bay: Studio AED 70,000, 1-bed AED 92,500, 2-bed AED 150,000 a year. These are medians of 291 Ejari leases signed 16 Oct 2025–15 Oct 2026. Per sq ft, a Studio here is AED 165, against AED 136 across Business Bay. About 128 homes here are advertised for rent now.
How much is a studio in Mag 318?
The median rent for a new Studio lease in Mag 318 is AED 70,000 a year (AED 5,833 a month). The median size is 440 sq ft. This is from 163 new leases, 16 Oct 2025–15 Oct 2026.
How much is a 1 bedroom in Mag 318?
The median rent for a new 1-bed lease in Mag 318 is AED 92,500 a year (AED 7,708 a month). The median size is 872 sq ft. This is from 30 new leases, 16 Oct 2025–15 Oct 2026.
How much is a 2 bedroom in Mag 318?
The median rent for a new 2-bed lease in Mag 318 is AED 150,000 a year (AED 12,500 a month). The median size is 1,043 sq ft. This is from 33 new leases, 16 Oct 2025–15 Oct 2026.
Is it cheaper to renew or move in Mag 318?
For a Studio, new tenants pay a median AED 70,000 and renewing tenants AED 77,000. For the same home, a new tenant pays 9% less.
Is rent going up in Mag 318?
Rent per sq ft on new leases in Mag 318: AED 140 in the 12 months to 15 Oct 2026, against AED 170 the year before.
What are the alternatives to Mag 318 in Business Bay?
Similar rent for a Studio: The Paragon By Igo AED 70,000, West Wharef Tower AED 70,000, Prive By Damac AED 68,000, Urban Oasis AED 72,000.
How we worked it out, and the limits
Updated 21 Oct 2026. Source: Dubai Land Department Ejari rent contracts. We use homes only, one unit for each contract, starting 16 Oct 2025–15 Oct 2026. "New" is a new tenant or a new contract. "Renewal" is the same contract, renewed. Bedrooms come from the Ejari unit type. "3 bed" means 3 or more. Every rent is a median: half the leases are above it. A figure needs 10 or more leases. A page needs 30 or more.
This building. Leases are matched by the Ejari project name "MAG 318". 291 leases 16 Oct 2025–15 Oct 2026, 226 new. First leases in our records: 2024. Adverts are matched by name and may include a neighbouring building.
Full method: What the leases say → · Checking a rent rise? Rent increase calculator →
Sale prices, resale and off-plan, tower facts and developer photos: BUY DUBAI, our sister site for buyers. Rents: Dubai Land Department Ejari leases.