1011, MAG 318 Tower
Sold prices and rental history: sold twice, last in August 2024, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1011, MAG 318 Tower
What is 1011 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: YallaValue analysis of Dubai Land Department records. Updated 5 August 2024.
Key facts
- Type
- Studio apartment
- Size
- 436 sqft
- Floor
- 10th of 22
- Parking
- P2-29
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 10,100 /yr
- Last sold
- AED 1.01M · August 2024
- Building
- MAG 318 Tower
About 1011, MAG 318 Tower
1011 is a studio of 436 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 5 August 2024 for AED 1,010,000, or AED 2,316 per sqft, in line with the AED 2,270 studios in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 1011 over time
1011 has sold twice; the dashed line is the studio median of each year in the building.
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 1011 sits
All 299 studios →1011 last sold in August 2024 at AED 2,316 per sqft, in line with what studios in MAG 318 Tower were fetching at the time (AED 2,270). 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.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 3 Feb 20263 February 2026 | 433 sqft | 1,050,000 | 2,425 | ||
| 29 Jan 202629 January 2026 | 432 sqft | 1,000,000 | 2,316 | ||
| 27 Jan 202627 January 2026 | 432 sqft | 1,160,000 | 2,686 | ||
| 23 Dec 202523 December 2025 | 441 sqft | 1,100,000 | 2,495 |
MAG 318 Tower
Building439 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%
Other units on the 10th floor
All 439 units in MAG 318 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1001 | 1-bed | 819 sqft | AED 1.53MAED 1,526,940 · Jan 2021January 2021 | 110,000 /yr | |
| 1002 | 2-bed | 967 sqft | AED 1.85MAED 1,853,882 · Jan 2021January 2021 | 140,000 /yr | |
| 1003 | Studio | 438 sqft | AED 760KAED 760,000 · Feb 2019February 2019 | 57,000 /yr | |
| 1004 | Studio | 433 sqft | AED 760KAED 760,000 · Jul 2021July 2021 | 70,000 /yr | |
| 1005 | Studio | 432 sqft | AED 775KAED 775,000 · Apr 2019April 2019 | 75,000 /yr | |
| 1006 | Studio | 433 sqft | AED 760KAED 760,000 · May 2019May 2019 | 70,000 /yr | |
| 1007 | Studio | 432 sqft | AED 1MAED 1,000,000 · Jan 2026January 2026 | 66,000 /yr | |
| 1008 | Studio | 433 sqft | AED 780KAED 780,000 · Apr 2019April 2019 | 75,000 /yr | |
| 1009 | Studio | 433 sqft | AED 1MAED 1,000,000 · Nov 2023November 2023 | 68,000 /yr | |
| 1010 | Studio | 432 sqft | AED 950KAED 950,000 · Jan 2024January 2024 | 62,000 /yr | |
| 1012 | 2-bed | 966 sqft | AED 2.25MAED 2,250,000 · Dec 2020December 2020 | 160,000 /yr | |
| 1013 | 1-bed | 982 sqft | AED 2.05MAED 2,050,000 · Dec 2020December 2020 | 110,000 /yr | |
| 1014 | 2-bed | 1,045 sqft | AED 2.3MAED 2,300,000 · Dec 2020December 2020 | 150,000 /yr | |
| 1015 | Studio | 444 sqft | AED 745KAED 745,000 · Nov 2021November 2021 | ||
| 1016 | Studio | 440 sqft | AED 832KAED 832,291 · Apr 2019April 2019 | 70,000 /yr | |
| 1017 | 441 sqft | AED 1.1MAED 1,100,000 · Oct 2025October 2025 | 96,000 /yr | ||
| 1018 | Studio | 441 sqft | AED 550KAED 550,000 · Aug 2021August 2021 | 75,000 /yr | |
| 1019 | Studio | 440 sqft | AED 790KAED 790,000 · Dec 2018December 2018 | ||
| 1020 | Studio | 441 sqft | AED 960KAED 960,000 · Aug 2023August 2023 | 65,000 /yr | |
| 1021 | Studio | 440 sqft | AED 780KAED 780,000 · Nov 2019November 2019 | ||
| 1022 | Studio | 441 sqft | AED 810KAED 810,000 · Oct 2018October 2018 | 90,000 /yr | |
| 1023 | Studio | 446 sqft | AED 1.04MAED 1,040,000 · Nov 2024November 2024 | 60,000 /yr | |
| 1024 | 2-bed | 1,043 sqft | AED 2.14MAED 2,144,295 · Jan 2021January 2021 | 120,000 /yr |
1011, MAG 318 Tower in numbers
- Sold twice: first on 3 July 2019 for AED 780,000, last on 5 August 2024 for AED 1,010,000 (AED 2,316 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: YallaValue analysis of Dubai Land Department records. Updated 5 August 2024.
Questions about 1011, MAG 318 Tower
What did unit 1011 last sell for?
AED 1,010,000 on 5 August 2024: AED 2,316 per sqft for 436 sqft. The unit has 2 registered sales; the first was AED 780,000 in July 2019.
How big is unit 1011?
436 sqft (40.5 sqm): a studio on the 10th floor of a 22-storey tower completed in 2020.
What is unit 1011 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.
Selling 1011? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 1011, MAG 318 Tower
Starts from the last sale price (AED 1.01M, 5 August 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,010,000
- Deposit, UAE resident (20%)
- AED 202,000
- Deposit, non-resident (40%)
- AED 404,000
- Monthly over 25 years at 3.7%
- AED 4,132
Plus AED 47,430 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →