1215, MAG 318 Tower
Sold prices and rental history: sold 3 times, last in January 2025, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1215, MAG 318 Tower
What is 1215 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 1 April 2025.
Key facts
- Type
- Studio apartment
- Size
- 444 sqft
- Floor
- 12th of 22
- Parking
- P2-94
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 10,200 /yr
- Last sold
- AED 1.25M · January 2025
- Building
- MAG 318 Tower
About 1215, MAG 318 Tower
1215 is a studio of 444 sqft on the 12th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. It last sold on 31 January 2025 for AED 1,245,000, or AED 2,803 per sqft, 18% above the AED 2,378 studios in the building were fetching at the time.
It has been rented since 2023 on 3 Ejari contracts. The current contract, signed on 1 April 2025, is AED 83,000 a year: a gross yield of 6.7% on the 2025 price, before the service charge of about AED 10,200 a year.
Sales and rents for 1215 over time
1215 has sold 3 times; 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 1215 sits
All 299 studios →1215 last sold in January 2025 at AED 2,803 per sqft, 18% above what studios in MAG 318 Tower were fetching at the time (AED 2,378). 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. 1215's AED 83,000 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 12th floor
All 439 units in MAG 318 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1201 | 1-bed | 819 sqft | AED 1.55MAED 1,550,000 · Nov 2021November 2021 | 115,000 /yr | |
| 1202 | 2-bed | 967 sqft | AED 2MAED 2,000,000 · Feb 2026February 2026 | 145,000 /yr | |
| 1203 | Studio | 438 sqft | AED 840KAED 840,000 · Mar 2023March 2023 | 74,900 /yr | |
| 1204 | Studio | 433 sqft | AED 454KAED 453,500 · Feb 2021February 2021 | 72,500 /yr | |
| 1205 | 216 sqft | AED 515KAED 515,000 · Sep 2025September 2025 | 58,005 /yr | ||
| 1206 | Studio | 433 sqft | AED 765KAED 765,180 · Oct 2020October 2020 | ||
| 1207 | Studio | 432 sqft | AED 792KAED 792,004 · Mar 2018March 2018 | 85,000 /yr | |
| 1208 | Studio | 433 sqft | AED 758KAED 758,000 · Feb 2021February 2021 | 75,000 /yr | |
| 1209 | Studio | 433 sqft | AED 864KAED 863,958 · Sep 2020September 2020 | ||
| 1210 | Studio | 432 sqft | AED 749KAED 749,000 · Aug 2018August 2018 | 85,000 /yr | |
| 1211 | Studio | 436 sqft | AED 770KAED 770,409 · Mar 2018March 2018 | ||
| 1212 | 2-bed | 966 sqft | AED 2MAED 2,002,166 · Jan 2021January 2021 | 85,000 /yr | |
| 1213 | 1-bed | 982 sqft | AED 1.71MAED 1,710,000 · Jan 2026January 2026 | 133,000 /yr | |
| 1214 | 2-bed | 1,045 sqft | AED 1.8MAED 1,800,000 · Aug 2022August 2022 | 148,050 /yr | |
| 1216 | Studio | 440 sqft | AED 788KAED 787,816 · Sep 2018September 2018 | 76,000 /yr | |
| 1217 | Studio | 441 sqft | AED 787KAED 786,952 · Sep 2018September 2018 | 78,000 /yr | |
| 1218 | Studio | 441 sqft | AED 1MAED 1,000,000 · Aug 2023August 2023 | 75,000 /yr | |
| 1219 | Studio | 440 sqft | AED 950KAED 950,000 · Apr 2023April 2023 | 78,000 /yr | |
| 1220 | Studio | 441 sqft | AED 788KAED 787,816 · Sep 2018September 2018 | 73,000 /yr | |
| 1221 | 440 sqft | AED 1.12MAED 1,120,000 · Sep 2025September 2025 | 76,000 /yr | ||
| 1222 | Studio | 397 sqft | AED 792KAED 792,257 · Nov 2019November 2019 | 73,000 /yr | |
| 1223 | Studio | 402 sqft | AED 792KAED 792,257 · Sep 2019September 2019 | 73,000 /yr | |
| 1224 | 2-bed | 1,043 sqft | AED 2.15MAED 2,151,048 · Jan 2021January 2021 | 150,000 /yr |
1215, MAG 318 Tower in numbers
- Sold 3 times: first on 15 August 2018 for AED 786,952, last on 31 January 2025 for AED 1,245,000 (AED 2,803 per sqft).
- Rented since March 2023 on 3 Ejari contracts, from AED 72,000 to AED 83,000 a year.
- At AED 83,000 a year the gross yield on the 2025 price is 6.7%, 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 1 April 2025.
Questions about 1215, MAG 318 Tower
What did unit 1215 last sell for?
AED 1,245,000 on 31 January 2025: AED 2,803 per sqft for 444 sqft. The unit has 3 registered sales; the first was AED 786,952 in August 2018.
What is the rent for unit 1215?
AED 83,000 a year on the contract signed on 1 April 2025. The previous contract, from March 2024, was AED 83,000; the unit has been rented since March 2023.
How big is unit 1215?
444 sqft (41.2 sqm): a studio on the 12th floor of a 22-storey tower completed in 2020.
What is unit 1215 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 1215, MAG 318 Tower
Starts from the last sale price (AED 1.25M, 31 January 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 1,245,000
- Deposit, UAE resident (20%)
- AED 249,000
- Deposit, non-resident (40%)
- AED 498,000
- Monthly over 25 years at 3.7%
- AED 5,094
Plus AED 57,300 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →