1217, MAG 318 Tower
Sold prices and rental history: sold once, by the developer in September 2018, 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 1217, MAG 318 Tower
What is 1217 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 10 December 2025.
Key facts
- Type
- Studio apartment
- Size
- 441 sqft
- Floor
- 12th of 22
- Parking
- P2-96
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 10,200 /yr
- Last sold
- AED 787K · September 2018
- Building
- MAG 318 Tower
About 1217, MAG 318 Tower
1217 is a studio of 441 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 9 September 2018 for AED 786,952, or AED 1,785 per sqft, in line with the AED 1,790 studios in the building were fetching at the time.
It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, signed on 10 December 2025, is AED 78,000 a year: a gross yield of 9.9% on the 2018 price, before the service charge of about AED 10,200 a year.
Sales and rents for 1217 over time
1217 has sold once; 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 1217 sits
All 299 studios →1217 last sold in September 2018 at AED 1,785 per sqft, in line with what studios in MAG 318 Tower were fetching at the time (AED 1,790). 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. 1217's AED 78,000 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 | |
| 1215 | Studio | 444 sqft | AED 1.25MAED 1,245,000 · Jan 2025January 2025 | 83,000 /yr | |
| 1216 | Studio | 440 sqft | AED 788KAED 787,816 · Sep 2018September 2018 | 76,000 /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 |
1217, MAG 318 Tower in numbers
- Sold once: by MAG on 9 September 2018 for AED 786,952, or AED 1,785 per sqft.
- Rented since July 2021 on 5 Ejari contracts, from AED 48,000 to AED 78,000 a year.
- At AED 78,000 a year the gross yield on the 2018 price is 9.9%, 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 10 December 2025.
Questions about 1217, MAG 318 Tower
What did unit 1217 last sell for?
AED 786,952 on 9 September 2018, sold by the developer: AED 1,785 per sqft for 441 sqft. It is the only registered sale of the unit.
What is the rent for unit 1217?
AED 78,000 a year on the contract signed on 10 December 2025. The previous contract, from April 2024, was AED 75,000; the unit has been rented since July 2021.
How big is unit 1217?
441 sqft (41.0 sqm): a studio on the 12th floor of a 22-storey tower completed in 2020.
What is unit 1217 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 1217, MAG 318 Tower
Starts from the last sale price (AED 787K, 9 September 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 786,952
- Deposit, UAE resident (20%)
- AED 157,390
- Deposit, non-resident (40%)
- AED 314,781
- Monthly over 25 years at 3.7%
- AED 3,220
Plus AED 38,062 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →