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Studio · 432 sqftMAG 318 Tower, Business Bay · 10th floor · completed 2020

1007, MAG 318 Tower

Sold prices and rental history: sold twice, last in January 2026, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1007 · DLD and Ejari recordsUpdated 29 January 2026
Last soldAED 1M29 January 2026
Current rentAED 66K /yr25 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1007, MAG 318 Tower

What is 1007 worth today?

Last sold for AED 1,000,000 in 2026

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29 Jan 2026SoldReady
AED 1,000,000AED 2,316 per sqft
25 Nov 2023RentedNew contract
AED 66,000/yr12 months · AED 153 per sqft
25 Nov 2022RentedNew contract
AED 66,000/yr12 months · AED 153 per sqft
5 Oct 2021RentedNew contract
AED 60,000/yr12 months · AED 139 per sqft
17 Apr 2019Sold by developerOff-plan
AED 780,000AED 1,807 per sqft

Source: Dubai Land Department. Updated 29 January 2026.

Key facts

Type
Studio apartment
Size
432 sqft
Floor
10th of 22
Parking
P2-25
Developer
MAG
Completed
2020
Service charge
AED 10,000 /yr
Last sold
AED 1M · January 2026
Building
MAG 318 Tower

About 1007, MAG 318 Tower

1007 is a studio of 432 sqft on the 10th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. It last sold on 29 January 2026 for AED 1,000,000, or AED 2,316 per sqft, 7% below the AED 2,495 studios in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, signed on 25 November 2023, is AED 66,000 a year: a gross yield of 6.6% on the 2026 price, before the service charge of about AED 10,000 a year.

Sales and rents for 1007 over time

Sales
Unit 1007, each saleTypical studio in MAG 318 Tower
800K1M2017202020232026Typical sale price by year: 2017 AED 776,165; 2018 AED 786,952; 2019 AED 791,701; 2020 AED 877,070; 2021 AED 745,000; 2022 AED 850,000; 2023 AED 947,500; 2024 AED 1,025,000; 2025 AED 1,100,000; 2026 AED 1,050,000Sold by developer, April 2019: AED 780,000 (AED 1,807 per sqft)Sold, January 2026: AED 1,000,000 (AED 2,316 per sqft)

1007 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 1007, each contractTypical studio in MAG 318 Tower
60K80K2021202320252027Typical rent by year: 2021 AED 52,000; 2022 AED 65,000; 2023 AED 70,000; 2024 AED 75,000; 2025 AED 75,908; 2026 AED 80,000New contract, October 2021: AED 60,000 a yearNew contract, November 2022: AED 66,000 a yearNew contract, November 2023: AED 66,000 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in MAG 318 Tower, and where 1007 sits

All 299 studios →

1007 last sold in January 2026 at AED 2,316 per sqft, 7% below what studios in MAG 318 Tower were fetching at the time (AED 2,495). Over the last 12 months studios sold for AED 1,000,000 to 1,160,000, around AED 2,475 per sqft, and rent for AED 58,000 to 120,000 a year. 1007's AED 66,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
3 Feb 20261,050,000
27 Jan 20261,160,000
23 Dec 20251,100,000
8 Dec 20251,150,000
8 studio sales in the last 12 months

MAG 318 Tower

Building

439 apartments, studios to 2-bed over 22 floors in Business Bay, completed in 2020 by MAG. 10 sold in the last 12 months.

Typical price per sqft
AED 2,457 Up 1.3%
Typical sale
AED 1.09M
Typical rent
AED 85K /yr
Typical yield
6.7%
MAG 318 Tower, Business Bay: prices, sales and rents →

Other units on the 10th floor

All 439 units in MAG 318 Tower
Value
10011-bedAED 1.53M · Jan 2021
10022-bedAED 1.85M · Jan 2021
1003StudioAED 760K · Feb 2019
1004StudioAED 760K · Jul 2021
1005StudioAED 775K · Apr 2019
1006StudioAED 760K · May 2019
1008StudioAED 780K · Apr 2019
1–7 of 23

1007, MAG 318 Tower in numbers

  • Sold twice: first on 17 April 2019 for AED 780,000, last on 29 January 2026 for AED 1,000,000 (AED 2,316 per sqft).
  • Rented since October 2021 on 3 Ejari contracts, from AED 60,000 to AED 66,000 a year.
  • At AED 66,000 a year the gross yield on the 2026 price is 6.6%, before a service charge of about AED 10,000 a year (AED 23.06 per sqft).
  • Studios in MAG 318 Tower sold for AED 1,000,000–1,160,000 in the 12 months to November 2026; the building's median across all types is AED 2,457 per sqft.

Source: Dubai Land Department. Updated 29 January 2026.

Questions about 1007, MAG 318 Tower

What did unit 1007 last sell for?

AED 1,000,000 on 29 January 2026: AED 2,316 per sqft for 432 sqft. The unit has 2 registered sales; the first was AED 780,000 in April 2019.

What is the rent for unit 1007?

AED 66,000 a year on the contract signed on 25 November 2023. The previous contract, from November 2022, was AED 66,000; the unit has been rented since October 2021.

How big is unit 1007?

432 sqft (40.1 sqm): a studio on the 10th floor of a 22-storey tower completed in 2020.

What is unit 1007 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in MAG 318 Tower sold for AED 1,000,000 to 1,160,000 in the last 12 months, around AED 2,475 per sqft.

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Mortgage on 1007, MAG 318 Tower

Starts from the last sale price (AED 1M, 29 January 2026). Switch to today's estimate once you have unlocked it.
Price
AED 1,000,000
Deposit, UAE resident (20%)
AED 200,000
Deposit, non-resident (40%)
AED 400,000
Monthly over 25 years at 3.7%
AED 4,091

Plus AED 47,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →