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Studio · 441 sqftMAG 318 Tower, Business Bay · 11th floor · completed 2020

1120, MAG 318 Tower

Sold prices and rental history: sold once, by the developer in November 2020, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1120 · DLD and Ejari recordsUpdated 20 June 2025
Last soldAED 895K23 November 2020
Current rentAED 70K /yr20 June 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1120, MAG 318 Tower

What is 1120 worth today?

Last sold for AED 894,970 in 2020

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20 Jun 2025RentedRenewal
AED 70,000/yr12 months · AED 159 per sqft
20 Jun 2024RentedNew contract
AED 70,000/yr12 months · AED 159 per sqft
30 May 2023RentedRenewal
AED 50,000/yr12 months · AED 113 per sqft
30 May 2022RentedRenewal
AED 47,500/yr12 months · AED 108 per sqft
30 May 2021RentedNew contract
AED 45,000/yr12 months · AED 102 per sqft
23 Nov 2020Sold by developerOff-plan
AED 894,970AED 2,028 per sqft

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

Key facts

Type
Studio apartment
Size
441 sqft
Floor
11th of 22
Parking
P2-57
Developer
MAG
Completed
2020
Service charge
AED 10,200 /yr
Last sold
AED 895K · November 2020
Building
MAG 318 Tower

About 1120, MAG 318 Tower

1120 is a studio of 441 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 23 November 2020 for AED 894,970, or AED 2,028 per sqft, 8% above the AED 1,871 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, renewed on 20 June 2025, is AED 70,000 a year: a gross yield of 7.8% on the 2020 price, before the service charge of about AED 10,200 a year.

Sales and rents for 1120 over time

Sales
Unit 1120, 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 2020: AED 894,970 (AED 2,028 per sqft)

1120 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 1120, each contractTypical studio in MAG 318 Tower
40K60K80K2021202320252027Typical 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, May 2021: AED 45,000 a yearRenewal, May 2022: AED 47,500 a yearRenewal, May 2023: AED 50,000 a yearNew contract, June 2024: AED 70,000 a yearRenewal, June 2025: AED 70,000 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 1120 sits

All 299 studios →

1120 last sold in November 2020 at AED 2,028 per sqft, 8% above what studios in MAG 318 Tower were fetching at the time (AED 1,871). 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. 1120's AED 70,000 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

1120, MAG 318 Tower in numbers

  • Sold once: by MAG on 23 November 2020 for AED 894,970, or AED 2,028 per sqft.
  • Rented since May 2021 on 5 Ejari contracts, from AED 45,000 to AED 70,000 a year.
  • At AED 70,000 a year the gross yield on the 2020 price is 7.8%, before a service charge of about AED 10,200 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 20 June 2025.

Questions about 1120, MAG 318 Tower

What did unit 1120 last sell for?

AED 894,970 on 23 November 2020, sold by the developer: AED 2,028 per sqft for 441 sqft. It is the only registered sale of the unit.

What is the rent for unit 1120?

AED 70,000 a year on the contract renewed on 20 June 2025. The previous contract, from June 2024, was AED 70,000; the unit has been rented since May 2021.

How big is unit 1120?

441 sqft (41.0 sqm): a studio on the 11th floor of a 22-storey tower completed in 2020.

What is unit 1120 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 1120, MAG 318 Tower

Starts from the last sale price (AED 895K, 23 November 2020). Switch to today's estimate once you have unlocked it.
Price
AED 894,970
Deposit, UAE resident (20%)
AED 178,994
Deposit, non-resident (40%)
AED 357,988
Monthly over 25 years at 3.7%
AED 3,662

Plus AED 42,599 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →