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Studio · 432 sqftMAG 318 Tower, Business Bay · 11th floor · completed 2020

1107, MAG 318 Tower

Sold prices and rental history: sold once, by the developer in June 2020, and rented once, from January 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1107 · DLD and Ejari recordsUpdated 10 January 2022
Last soldAED 818K30 June 2020
Current rentAED 65K /yr10 January 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1107, MAG 318 Tower

What is 1107 worth today?

Last sold for AED 817,885 in 2020

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10 Jan 2022RentedNew contract
AED 65,000/yr12 months · AED 151 per sqft
30 Jun 2020Sold by developerOff-plan
AED 817,885AED 1,894 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 10 January 2022.

Key facts

Type
Studio apartment
Size
432 sqft
Floor
11th of 22
Parking
P2-45
Developer
MAG
Completed
2020
Service charge
AED 10,000 /yr
Last sold
AED 818K · June 2020
Building
MAG 318 Tower

About 1107, MAG 318 Tower

1107 is a studio of 432 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 30 June 2020 for AED 817,885, or AED 1,894 per sqft, 5% above the AED 1,802 studios in the building were fetching at the time.

One Ejari contract is registered, from 10 January 2022. The current contract, signed on 10 January 2022, is AED 65,000 a year: a gross yield of 8.0% on the 2020 price, before the service charge of about AED 10,000 a year.

Sales and rents for 1107 over time

Sales
Unit 1107, 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, June 2020: AED 817,885 (AED 1,894 per sqft)

1107 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 1107, 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, January 2022: AED 65,000 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 1107 sits

All 299 studios →

1107 last sold in June 2020 at AED 1,894 per sqft, 5% above what studios in MAG 318 Tower were fetching at the time (AED 1,802). 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. 1107's AED 65,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
3 Feb 20261,050,000
29 Jan 20261,000,000
27 Jan 20261,160,000
23 Dec 20251,100,000
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 11th floor

All 439 units in MAG 318 Tower
Value
11011-bedAED 1.51M · Sep 2018
11022-bedAED 1.72M · Nov 2020
1103StudioAED 608K · May 2021
1104StudioAED 608K · May 2021
1105StudioAED 1.08M · Dec 2020
1106StudioAED 900K · Dec 2022
1108StudioAED 1.04M · Jan 2025
1–7 of 23

1107, MAG 318 Tower in numbers

  • Sold once: by MAG on 30 June 2020 for AED 817,885, or AED 1,894 per sqft.
  • Rented since January 2022 on one Ejari contract, at AED 65,000 a year.
  • At AED 65,000 a year the gross yield on the 2020 price is 8.0%, 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: YallaValue analysis of Dubai Land Department records. Updated 10 January 2022.

Questions about 1107, MAG 318 Tower

What did unit 1107 last sell for?

AED 817,885 on 30 June 2020, sold by the developer: AED 1,894 per sqft for 432 sqft. It is the only registered sale of the unit.

What is the rent for unit 1107?

AED 65,000 a year on the contract signed on 10 January 2022.

How big is unit 1107?

432 sqft (40.1 sqm): a studio on the 11th floor of a 22-storey tower completed in 2020.

What is unit 1107 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 1107, MAG 318 Tower

Starts from the last sale price (AED 818K, 30 June 2020). Switch to today's estimate once you have unlocked it.
Price
AED 817,885
Deposit, UAE resident (20%)
AED 163,577
Deposit, non-resident (40%)
AED 327,154
Monthly over 25 years at 3.7%
AED 3,346

Plus AED 39,361 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →