1021, MAG 318 Tower
Sold prices and rental history: sold once, by the developer in November 2019, 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 1021, MAG 318 Tower
What is 1021 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 24 November 2019.
Key facts
- Type
- Studio apartment
- Size
- 440 sqft
- Floor
- 10th of 22
- Parking
- P2-37
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 10,100 /yr
- Last sold
- AED 780K · November 2019
- Building
- MAG 318 Tower
About 1021, MAG 318 Tower
1021 is a studio of 440 sqft on the 10th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. The developer sold it on 24 November 2019 for AED 780,000, or AED 1,773 per sqft, in line with the AED 1,801 studios in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 1021 over time
1021 has sold once; 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 1021 sits
All 299 studios →1021 last sold in November 2019 at AED 1,773 per sqft, in line with what studios in MAG 318 Tower were fetching at the time (AED 1,801). 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 | |
| 1011 | Studio | 436 sqft | AED 1.01MAED 1,010,000 · Aug 2024August 2024 | ||
| 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 | |
| 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 |
1021, MAG 318 Tower in numbers
- Sold once: by MAG on 24 November 2019 for AED 780,000, or AED 1,773 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 24 November 2019.
Questions about 1021, MAG 318 Tower
What did unit 1021 last sell for?
AED 780,000 on 24 November 2019, sold by the developer: AED 1,773 per sqft for 440 sqft. It is the only registered sale of the unit.
How big is unit 1021?
440 sqft (40.9 sqm): a studio on the 10th floor of a 22-storey tower completed in 2020.
What is unit 1021 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 1021, MAG 318 Tower
Starts from the last sale price (AED 780K, 24 November 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 780,000
- Deposit, UAE resident (20%)
- AED 156,000
- Deposit, non-resident (40%)
- AED 312,000
- Monthly over 25 years at 3.7%
- AED 3,191
Plus AED 37,770 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →