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1-bed · 982 sqftMAG 318 Tower, Business Bay · 11th floor · completed 2020

1113, MAG 318 Tower

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

Unit 1113 · DLD and Ejari recordsUpdated 25 January 2026
Last soldAED 1.71M6 January 2021
Current rentAED 135K /yr25 January 2026
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1113, MAG 318 Tower

What is 1113 worth today?

Last sold for AED 1,713,735 in 2021

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25 Jan 2026RentedRenewal
AED 135,000/yr12 months · AED 137 per sqft
25 Jan 2024RentedRenewal
AED 104,500/yr12 months · AED 106 per sqft
25 Jan 2023RentedRenewal
AED 95,000/yr12 months · AED 97 per sqft
25 Jan 2022RentedNew contract
AED 90,000/yr12 months · AED 92 per sqft
24 May 2021RentedNew contract
AED 80,000/yr12 months · AED 81 per sqft
6 Jan 2021Sold by developerReady
AED 1,713,735AED 1,744 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 25 January 2026.

Key facts

Type
1-bed apartment
Size
982 sqft
Floor
11th of 22
Parking
P2-50
Developer
MAG
Completed
2020
Service charge
AED 22,700 /yr
Last sold
AED 1.71M · January 2021
Building
MAG 318 Tower

About 1113, MAG 318 Tower

1113 is a one-bedroom apartment of 982 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 6 January 2021 for AED 1,713,735, or AED 1,744 per sqft, 16% below the AED 2,086 one-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, renewed on 25 January 2026, is AED 135,000 a year: a gross yield of 7.9% on the 2021 price, before the service charge of about AED 22,700 a year.

Sales and rents for 1113 over time

Sales
Unit 1113, 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, January 2021: AED 1,713,735 (AED 1,744 per sqft)

1113 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1113, 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, May 2021: AED 80,000 a yearNew contract, January 2022: AED 90,000 a yearRenewal, January 2023: AED 95,000 a yearRenewal, January 2024: AED 104,500 a yearRenewal, January 2026: AED 135,000 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 1113 sits

All 47 1-beds →

1113 last sold in January 2021 at AED 1,744 per sqft, 16% below what one-beds in MAG 318 Tower were fetching at the time (AED 2,086). 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. 1113's AED 135,000 is at the top 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
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

1113, MAG 318 Tower in numbers

  • Sold once: by MAG on 6 January 2021 for AED 1,713,735, or AED 1,744 per sqft.
  • Rented since May 2021 on 5 Ejari contracts, from AED 80,000 to AED 135,000 a year.
  • At AED 135,000 a year the gross yield on the 2021 price is 7.9%, before a service charge of about AED 22,700 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 25 January 2026.

Questions about 1113, MAG 318 Tower

What did unit 1113 last sell for?

AED 1,713,735 on 6 January 2021, sold by the developer: AED 1,744 per sqft for 982 sqft. It is the only registered sale of the unit.

What is the rent for unit 1113?

AED 135,000 a year on the contract renewed on 25 January 2026. The previous contract, from January 2024, was AED 104,500; the unit has been rented since May 2021.

How big is unit 1113?

982 sqft (91.2 sqm): a one-bedroom apartment on the 11th floor of a 22-storey tower completed in 2020.

What is unit 1113 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 1113, MAG 318 Tower

Starts from the last sale price (AED 1.71M, 6 January 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,713,735
Deposit, UAE resident (20%)
AED 342,747
Deposit, non-resident (40%)
AED 685,494
Monthly over 25 years at 3.7%
AED 7,011

Plus AED 76,986 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →