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1-bed · 819 sqftMAG 318 Tower, Business Bay · 11th floor · completed 2020

1101, MAG 318 Tower

Sold prices and rental history: sold once, by the developer in September 2018, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1101 · DLD and Ejari recordsUpdated 20 April 2025
Last soldAED 1.51M18 September 2018
Current rentAED 125K /yr20 April 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1101, MAG 318 Tower

What is 1101 worth today?

Last sold for AED 1,511,872 in 2018

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20 Apr 2025RentedNew contract
AED 125,000/yr12 months · AED 153 per sqft
5 Sep 2021RentedNew contract
AED 80,000/yr12 months · AED 98 per sqft
18 Sep 2018Sold by developerOff-plan
AED 1,511,872AED 1,845 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 20 April 2025.

Key facts

Type
1-bed apartment
Size
819 sqft
Floor
11th of 22
Parking
P2-40
Developer
MAG
Completed
2020
Service charge
AED 18,900 /yr
Last sold
AED 1.51M · September 2018
Building
MAG 318 Tower

About 1101, MAG 318 Tower

1101 is a one-bedroom apartment of 819 sqft on the 11th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. The developer sold it on 18 September 2018 for AED 1,511,872, or AED 1,845 per sqft, in line with the AED 1,822 one-beds in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, signed on 20 April 2025, is AED 125,000 a year: a gross yield of 8.3% on the 2018 price, before the service charge of about AED 18,900 a year.

Sales and rents for 1101 over time

Sales
Unit 1101, each saleTypical one-bed in MAG 318 Tower
1.5M2M20182019202020212022Typical sale price by year: 2018 AED 1,486,232; 2019 AED 1,456,817; 2020 AED 2,050,000; 2021 AED 1,594,787Sold by developer, September 2018: AED 1,511,872 (AED 1,845 per sqft)

1101 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1101, each contractTypical one-bed in MAG 318 Tower
75K100K125K2021202320252027Typical rent by year: 2021 AED 82,221; 2022 AED 95,000; 2023 AED 100,600; 2024 AED 120,000; 2025 AED 120,000; 2026 AED 135,000New contract, September 2021: AED 80,000 a yearNew contract, April 2025: AED 125,000 a year

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

1-beds in MAG 318 Tower, and where 1101 sits

All 47 1-beds →

1101 last sold in September 2018 at AED 1,845 per sqft, in line with what one-beds in MAG 318 Tower were fetching at the time (AED 1,822). Over the last 12 months one-beds sold for AED 1,710,000, around AED 1,740 per sqft, and rent for AED 79,500 to 135,000 a year. 1101's AED 125,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
22 Jan 20261,710,000
14 Apr 20251,800,000
2 Aug 20241,580,000
11 Jul 20231,460,000
1 1-bed sale 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 11th floor

All 439 units in MAG 318 Tower
Value
11022-bedAED 1.72M · Nov 2020
1103StudioAED 608K · May 2021
1104StudioAED 608K · May 2021
1105StudioAED 1.08M · Dec 2020
1106StudioAED 900K · Dec 2022
1107StudioAED 818K · Jun 2020
1108StudioAED 1.04M · Jan 2025
1–7 of 23

1101, MAG 318 Tower in numbers

  • Sold once: by MAG on 18 September 2018 for AED 1,511,872, or AED 1,845 per sqft.
  • Rented since September 2021 on 2 Ejari contracts, from AED 80,000 to AED 125,000 a year.
  • At AED 125,000 a year the gross yield on the 2018 price is 8.3%, before a service charge of about AED 18,900 a year (AED 23.06 per sqft).
  • One-beds in MAG 318 Tower sold for AED 1,710,000–1,710,000 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 20 April 2025.

Questions about 1101, MAG 318 Tower

What did unit 1101 last sell for?

AED 1,511,872 on 18 September 2018, sold by the developer: AED 1,845 per sqft for 819 sqft. It is the only registered sale of the unit.

What is the rent for unit 1101?

AED 125,000 a year on the contract signed on 20 April 2025. The previous contract, from September 2021, was AED 80,000.

How big is unit 1101?

819 sqft (76.1 sqm): a one-bedroom apartment on the 11th floor of a 22-storey tower completed in 2020.

What is unit 1101 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in MAG 318 Tower sold for AED 1,710,000 to 1,710,000 in the last 12 months, around AED 1,740 per sqft.

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Mortgage on 1101, MAG 318 Tower

Starts from the last sale price (AED 1.51M, 18 September 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,511,872
Deposit, UAE resident (20%)
AED 302,374
Deposit, non-resident (40%)
AED 604,749
Monthly over 25 years at 3.7%
AED 6,186

Plus AED 68,509 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →