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

1110, MAG 318 Tower

Sold prices and rental history: sold once, by the developer in November 2019, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1110 · DLD and Ejari recordsUpdated 16 February 2025
Last soldAED 780K7 November 2019
Current rentAED 72K /yr16 February 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1110, MAG 318 Tower

What is 1110 worth today?

Last sold for AED 780,000 in 2019

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16 Feb 2025RentedNew contract
AED 72,000/yr12 months · AED 167 per sqft
1 Jan 2024RentedNew contract
AED 74,799/yr12 months · AED 174 per sqft
17 Nov 2022RentedRenewal
AED 66,000/yr12 months · AED 153 per sqft
17 Nov 2021RentedNew contract
AED 60,000/yr12 months · AED 139 per sqft
7 Nov 2019Sold by developerOff-plan
AED 780,000AED 1,806 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 16 February 2025.

Key facts

Type
Studio apartment
Size
432 sqft
Floor
11th of 22
Parking
P2-48
Developer
MAG
Completed
2020
Service charge
AED 10,000 /yr
Last sold
AED 780K · November 2019
Building
MAG 318 Tower

About 1110, MAG 318 Tower

1110 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 7 November 2019 for AED 780,000, or AED 1,806 per sqft, in line with the AED 1,800 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, signed on 16 February 2025, is AED 72,000 a year: a gross yield of 9.2% on the 2019 price, before the service charge of about AED 10,000 a year.

Sales and rents for 1110 over time

Sales
Unit 1110, 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, November 2019: AED 780,000 (AED 1,806 per sqft)

1110 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 1110, 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, November 2021: AED 60,000 a yearRenewal, November 2022: AED 66,000 a yearNew contract, January 2024: AED 74,799 a yearNew contract, February 2025: AED 72,000 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 1110 sits

All 299 studios →

1110 last sold in November 2019 at AED 1,806 per sqft, in line with what studios in MAG 318 Tower were fetching at the time (AED 1,800). 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. 1110's AED 72,000 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
1107StudioAED 818K · Jun 2020
1–7 of 23

1110, MAG 318 Tower in numbers

  • Sold once: by MAG on 7 November 2019 for AED 780,000, or AED 1,806 per sqft.
  • Rented since November 2021 on 4 Ejari contracts, from AED 60,000 to AED 72,000 a year.
  • At AED 72,000 a year the gross yield on the 2019 price is 9.2%, 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 16 February 2025.

Questions about 1110, MAG 318 Tower

What did unit 1110 last sell for?

AED 780,000 on 7 November 2019, sold by the developer: AED 1,806 per sqft for 432 sqft. It is the only registered sale of the unit.

What is the rent for unit 1110?

AED 72,000 a year on the contract signed on 16 February 2025. The previous contract, from January 2024, was AED 74,799; the unit has been rented since November 2021.

How big is unit 1110?

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

What is unit 1110 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 1110, MAG 318 Tower

Starts from the last sale price (AED 780K, 7 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 →