1121, MAG 318 Tower
Sold prices and rental history: sold twice, last in December 2022, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1121, MAG 318 Tower
What is 1121 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 7 November 2025.
Key facts
- Type
- Studio apartment
- Size
- 440 sqft
- Floor
- 11th of 22
- Parking
- P2-58
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 10,100 /yr
- Last sold
- AED 1.1M · December 2022
- Building
- MAG 318 Tower
About 1121, MAG 318 Tower
1121 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 5 December 2022 for AED 1,100,000, or AED 2,501 per sqft, 29% above the AED 1,946 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 7 November 2025, is AED 82,000 a year: a gross yield of 7.4% on the 2022 price, before the service charge of about AED 10,100 a year.
Sales and rents for 1121 over time
1121 has sold twice; the dashed line is the studio median of each year in the building.
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 1121 sits
All 299 studios →1121 last sold in December 2022 at AED 2,501 per sqft, 29% above what studios in MAG 318 Tower were fetching at the time (AED 1,946). 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. 1121's AED 82,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 3 Feb 20263 February 2026 | 433 sqft | 1,050,000 | 2,425 | ||
| 29 Jan 202629 January 2026 | 432 sqft | 1,000,000 | 2,316 | ||
| 27 Jan 202627 January 2026 | 432 sqft | 1,160,000 | 2,686 | ||
| 23 Dec 202523 December 2025 | 441 sqft | 1,100,000 | 2,495 |
MAG 318 Tower
Building439 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%
Other units on the 11th floor
All 439 units in MAG 318 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1101 | 1-bed | 819 sqft | AED 1.51MAED 1,511,872 · Sep 2018September 2018 | 125,000 /yr | |
| 1102 | 2-bed | 967 sqft | AED 1.72MAED 1,717,100 · Nov 2020November 2020 | 130,000 /yr | |
| 1103 | Studio | 438 sqft | AED 608KAED 608,000 · May 2021May 2021 | 90,000 /yr | |
| 1104 | Studio | 433 sqft | AED 608KAED 608,000 · May 2021May 2021 | 80,000 /yr | |
| 1105 | Studio | 432 sqft | AED 1.08MAED 1,075,000 · Dec 2020December 2020 | ||
| 1106 | Studio | 433 sqft | AED 900KAED 900,000 · Dec 2022December 2022 | ||
| 1107 | Studio | 432 sqft | AED 818KAED 817,885 · Jun 2020June 2020 | 65,000 /yr | |
| 1108 | Studio | 433 sqft | AED 1.04MAED 1,040,000 · Jan 2025January 2025 | 70,000 /yr | |
| 1109 | 433 sqft | AED 1.1MAED 1,100,000 · Aug 2025August 2025 | 80,000 /yr | ||
| 1110 | Studio | 432 sqft | AED 780KAED 780,000 · Nov 2019November 2019 | 72,000 /yr | |
| 1111 | Studio | 436 sqft | AED 880KAED 880,000 · Oct 2022October 2022 | 95,000 /yr | |
| 1112 | 2-bed | 966 sqft | AED 2.05MAED 2,050,000 · Apr 2025April 2025 | 137,500 /yr | |
| 1113 | 1-bed | 982 sqft | AED 1.71MAED 1,713,735 · Jan 2021January 2021 | 135,000 /yr | |
| 1114 | 2-bed | 1,045 sqft | AED 1.72MAED 1,721,874 · Jul 2021July 2021 | ||
| 1115 | Studio | 444 sqft | AED 900KAED 900,000 · Aug 2022August 2022 | ||
| 1116 | Studio | 440 sqft | AED 877KAED 877,070 · Sep 2020September 2020 | 73,000 /yr | |
| 1117 | Studio | 441 sqft | AED 1.25MAED 1,250,000 · Feb 2025February 2025 | 75,000 /yr | |
| 1118 | Studio | 441 sqft | AED 786KAED 785,612 · Dec 2018December 2018 | 73,197 /yr | |
| 1119 | Studio | 440 sqft | AED 1.25MAED 1,250,000 · Oct 2024October 2024 | 78,000 /yr | |
| 1120 | Studio | 441 sqft | AED 895KAED 894,970 · Nov 2020November 2020 | 70,000 /yr | |
| 1122 | Studio | 441 sqft | AED 825KAED 825,182 · Sep 2020September 2020 | ||
| 1123 | Studio | 446 sqft | AED 1.05MAED 1,050,000 · May 2025May 2025 | 80,000 /yr | |
| 1124 | 2-bed | 1,043 sqft | AED 2.3MAED 2,300,000 · Dec 2020December 2020 | 105,000 /yr |
1121, MAG 318 Tower in numbers
- Sold twice: first on 29 September 2021 for AED 550,000, last on 5 December 2022 for AED 1,100,000 (AED 2,501 per sqft).
- Rented since October 2021 on 4 Ejari contracts, from AED 58,000 to AED 82,000 a year.
- At AED 82,000 a year the gross yield on the 2022 price is 7.4%, 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 7 November 2025.
Questions about 1121, MAG 318 Tower
What did unit 1121 last sell for?
AED 1,100,000 on 5 December 2022: AED 2,501 per sqft for 440 sqft. The unit has 2 registered sales; the first was AED 550,000 in September 2021.
What is the rent for unit 1121?
AED 82,000 a year on the contract signed on 7 November 2025. The previous contract, from October 2024, was AED 84,000; the unit has been rented since October 2021.
How big is unit 1121?
440 sqft (40.9 sqm): a studio on the 11th floor of a 22-storey tower completed in 2020.
What is unit 1121 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 1121, MAG 318 Tower
Starts from the last sale price (AED 1.1M, 5 December 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,100,000
- Deposit, UAE resident (20%)
- AED 220,000
- Deposit, non-resident (40%)
- AED 440,000
- Monthly over 25 years at 3.7%
- AED 4,500
Plus AED 51,210 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →