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Studio · 440 sqftMAG 318 Tower, Business Bay · 11th floor · completed 2020

1119, MAG 318 Tower

Sold prices and rental history: sold twice, last in October 2024, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1119 · DLD and Ejari recordsUpdated 1 November 2025
Last soldAED 1.25M15 October 2024
Current rentAED 78K /yr1 November 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1119, MAG 318 Tower

What is 1119 worth today?

Last sold for AED 1,250,000 in 2024

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1 Nov 2025RentedNew contract
AED 78,000/yr12 months · AED 177 per sqft
22 Oct 2024RentedNew contract
AED 78,000/yr12 months · AED 177 per sqft
15 Oct 2024SoldReady
AED 1,250,000AED 2,842 per sqft
13 Jan 2019Sold by developerOff-plan
AED 817,107AED 1,857 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 November 2025.

Key facts

Type
Studio apartment
Size
440 sqft
Floor
11th of 22
Parking
P2-56
Developer
MAG
Completed
2020
Service charge
AED 10,100 /yr
Last sold
AED 1.25M · October 2024
Building
MAG 318 Tower

About 1119, MAG 318 Tower

1119 is a studio of 440 sqft on the 11th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. It last sold on 15 October 2024 for AED 1,250,000, or AED 2,842 per sqft, 23% above the AED 2,311 studios in the building were fetching at the time.

It has been rented since 2024 on 2 Ejari contracts. The current contract, signed on 1 November 2025, is AED 78,000 a year: a gross yield of 6.2% on the 2024 price, before the service charge of about AED 10,100 a year.

Sales and rents for 1119 over time

Sales
Unit 1119, each saleTypical studio in MAG 318 Tower
750K1M1.25M2017202020232026Typical 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, January 2019: AED 817,107 (AED 1,857 per sqft)Sold, October 2024: AED 1,250,000 (AED 2,842 per sqft)

1119 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 1119, 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, October 2024: AED 78,000 a yearNew contract, November 2025: AED 78,000 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 1119 sits

All 299 studios →

1119 last sold in October 2024 at AED 2,842 per sqft, 23% above what studios in MAG 318 Tower were fetching at the time (AED 2,311). 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. 1119's AED 78,000 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

1119, MAG 318 Tower in numbers

  • Sold twice: first on 13 January 2019 for AED 817,107, last on 15 October 2024 for AED 1,250,000 (AED 2,842 per sqft).
  • Rented since October 2024 on 2 Ejari contracts, at AED 78,000 a year.
  • At AED 78,000 a year the gross yield on the 2024 price is 6.2%, before a service charge of about AED 10,100 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 1 November 2025.

Questions about 1119, MAG 318 Tower

What did unit 1119 last sell for?

AED 1,250,000 on 15 October 2024: AED 2,842 per sqft for 440 sqft. The unit has 2 registered sales; the first was AED 817,107 in January 2019.

What is the rent for unit 1119?

AED 78,000 a year on the contract signed on 1 November 2025. The previous contract, from October 2024, was AED 78,000.

How big is unit 1119?

440 sqft (40.9 sqm): a studio on the 11th floor of a 22-storey tower completed in 2020.

What is unit 1119 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 1119, MAG 318 Tower

Starts from the last sale price (AED 1.25M, 15 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,250,000
Deposit, UAE resident (20%)
AED 250,000
Deposit, non-resident (40%)
AED 500,000
Monthly over 25 years at 3.7%
AED 5,114

Plus AED 57,510 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →