Home
Dubai prices
About
Research
Studio · 440 sqftMAG 318 Tower, Business Bay · 12th floor · completed 2020

1219, MAG 318 Tower

Sold prices and rental history: sold twice, last in April 2023, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1219 · DLD and Ejari recordsUpdated 22 August 2025
Last soldAED 950K19 April 2023
Current rentAED 78K /yr22 August 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1219, MAG 318 Tower

What is 1219 worth today?

Last sold for AED 950,000 in 2023

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

22 Aug 2025RentedRenewal
AED 78,000/yr12 months · AED 177 per sqft
22 Aug 2024RentedNew contract
AED 76,000/yr12 months · AED 172 per sqft
19 Apr 2023SoldReady
AED 950,000AED 2,159 per sqft
11 Oct 2022RentedRenewal
AED 50,139/yr12 months · AED 114 per sqft
29 May 2018Sold by developerOff-plan
AED 783,500AED 1,781 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 22 August 2025.

Key facts

Type
Studio apartment
Size
440 sqft
Floor
12th of 22
Parking
P2-98
Developer
MAG
Completed
2020
Service charge
AED 10,100 /yr
Last sold
AED 950K · April 2023
Building
MAG 318 Tower

About 1219, MAG 318 Tower

1219 is a studio of 440 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 19 April 2023 for AED 950,000, or AED 2,159 per sqft, 5% above the AED 2,064 studios in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 22 August 2025, is AED 78,000 a year: a gross yield of 8.2% on the 2023 price, before the service charge of about AED 10,100 a year.

Sales and rents for 1219 over time

Sales
Unit 1219, 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, May 2018: AED 783,500 (AED 1,781 per sqft)Sold, April 2023: AED 950,000 (AED 2,159 per sqft)

1219 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 1219, 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 80,000Renewal, October 2022: AED 50,139 a yearNew contract, August 2024: AED 76,000 a yearRenewal, August 2025: AED 78,000 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 1219 sits

All 299 studios →

1219 last sold in April 2023 at AED 2,159 per sqft, 5% above what studios in MAG 318 Tower were fetching at the time (AED 2,064). 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. 1219's AED 78,000 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
1207StudioAED 792K · Mar 2018
1–7 of 23

1219, MAG 318 Tower in numbers

  • Sold twice: first on 29 May 2018 for AED 783,500, last on 19 April 2023 for AED 950,000 (AED 2,159 per sqft).
  • Rented since October 2022 on 3 Ejari contracts, from AED 50,139 to AED 78,000 a year.
  • At AED 78,000 a year the gross yield on the 2023 price is 8.2%, 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 22 August 2025.

Questions about 1219, MAG 318 Tower

What did unit 1219 last sell for?

AED 950,000 on 19 April 2023: AED 2,159 per sqft for 440 sqft. The unit has 2 registered sales; the first was AED 783,500 in May 2018.

What is the rent for unit 1219?

AED 78,000 a year on the contract renewed on 22 August 2025. The previous contract, from August 2024, was AED 76,000; the unit has been rented since October 2022.

How big is unit 1219?

440 sqft (40.9 sqm): a studio on the 12th floor of a 22-storey tower completed in 2020.

What is unit 1219 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.

Selling 1219? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 1219, MAG 318 Tower

Starts from the last sale price (AED 950K, 19 April 2023). Switch to today's estimate once you have unlocked it.
Price
AED 950,000
Deposit, UAE resident (20%)
AED 190,000
Deposit, non-resident (40%)
AED 380,000
Monthly over 25 years at 3.7%
AED 3,887

Plus AED 44,910 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →