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Studio · 432 sqftMAG 318 Tower, Business Bay · 12th floor · completed 2020

1207, MAG 318 Tower

Sold prices and rental history: sold once, by the developer in March 2018, and rented once, from March 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1207 · DLD and Ejari recordsUpdated 23 March 2023
Last soldAED 792K8 March 2018
Current rentAED 85K /yr23 March 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1207, MAG 318 Tower

What is 1207 worth today?

Last sold for AED 792,004 in 2018

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23 Mar 2023RentedNew contract
AED 85,000/yr12 months · AED 197 per sqft
8 Mar 2018Sold by developerOff-plan
AED 792,004AED 1,834 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 23 March 2023.

Key facts

Type
Studio apartment
Size
432 sqft
Floor
12th of 22
Parking
P2-86
Developer
MAG
Completed
2020
Service charge
AED 10,000 /yr
Last sold
AED 792K · March 2018
Building
MAG 318 Tower

About 1207, MAG 318 Tower

1207 is a studio of 432 sqft on the 12th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. The developer sold it on 8 March 2018 for AED 792,004, or AED 1,834 per sqft, in line with the AED 1,800 studios in the building were fetching at the time.

One Ejari contract is registered, from 23 March 2023. The current contract, signed on 23 March 2023, is AED 85,000 a year: a gross yield of 10.7% on the 2018 price, before the service charge of about AED 10,000 a year.

Sales and rents for 1207 over time

Sales
Unit 1207, 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, March 2018: AED 792,004 (AED 1,834 per sqft)

1207 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 1207, 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, March 2023: AED 85,000 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 1207 sits

All 299 studios →

1207 last sold in March 2018 at AED 1,834 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. 1207's AED 85,000 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 12th floor

All 439 units in MAG 318 Tower
Value
12011-bedAED 1.55M · Nov 2021
12022-bedAED 2M · Feb 2026
1203StudioAED 840K · Mar 2023
1204StudioAED 454K · Feb 2021
1205AED 515K · Sep 2025
1206StudioAED 765K · Oct 2020
1208StudioAED 758K · Feb 2021
1–7 of 23

1207, MAG 318 Tower in numbers

  • Sold once: by MAG on 8 March 2018 for AED 792,004, or AED 1,834 per sqft.
  • Rented since March 2023 on one Ejari contract, at AED 85,000 a year.
  • At AED 85,000 a year the gross yield on the 2018 price is 10.7%, 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 23 March 2023.

Questions about 1207, MAG 318 Tower

What did unit 1207 last sell for?

AED 792,004 on 8 March 2018, sold by the developer: AED 1,834 per sqft for 432 sqft. It is the only registered sale of the unit.

What is the rent for unit 1207?

AED 85,000 a year on the contract signed on 23 March 2023.

How big is unit 1207?

432 sqft (40.1 sqm): a studio on the 12th floor of a 22-storey tower completed in 2020.

What is unit 1207 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 1207, MAG 318 Tower

Starts from the last sale price (AED 792K, 8 March 2018). Switch to today's estimate once you have unlocked it.
Price
AED 792,004
Deposit, UAE resident (20%)
AED 158,401
Deposit, non-resident (40%)
AED 316,802
Monthly over 25 years at 3.7%
AED 3,240

Plus AED 38,274 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →