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Studio · 433 sqftMAG 318 Tower, Business Bay · 13th floor · completed 2020

1304, MAG 318 Tower

Sold prices and rental history: sold once, by the developer in September 2018, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1304 · DLD and Ejari recordsUpdated 25 January 2025
Last soldAED 810K18 September 2018
Current rentAED 82K /yr25 January 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1304, MAG 318 Tower

What is 1304 worth today?

Last sold for AED 810,000 in 2018

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25 Jan 2025RentedNew contract
AED 82,000/yr12 months · AED 189 per sqft
2 Jan 2024RentedNew contract
AED 80,000/yr12 months · AED 185 per sqft
1 Oct 2021RentedNew contract
AED 53,000/yr12 months · AED 123 per sqft
18 Sep 2018Sold by developerOff-plan
AED 810,000AED 1,870 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 25 January 2025.

Key facts

Type
Studio apartment
Size
433 sqft
Floor
13th of 22
Parking
P2-108
Developer
MAG
Completed
2020
Service charge
AED 10,000 /yr
Last sold
AED 810K · September 2018
Building
MAG 318 Tower

About 1304, MAG 318 Tower

1304 is a studio of 433 sqft on the 13th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. The developer sold it on 18 September 2018 for AED 810,000, or AED 1,870 per sqft, 4% above the AED 1,790 studios in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, signed on 25 January 2025, is AED 82,000 a year: a gross yield of 10.1% on the 2018 price, before the service charge of about AED 10,000 a year.

Sales and rents for 1304 over time

Sales
Unit 1304, 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, September 2018: AED 810,000 (AED 1,870 per sqft)

1304 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 1304, 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, October 2021: AED 53,000 a yearNew contract, January 2024: AED 80,000 a yearNew contract, January 2025: AED 82,000 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 1304 sits

All 299 studios →

1304 last sold in September 2018 at AED 1,870 per sqft, 4% above 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. 1304's AED 82,000 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 13th floor

All 439 units in MAG 318 Tower
Value
13011-bedAED 1.54M · Mar 2020
13022-bedAED 2.25M · Dec 2020
1303StudioAED 970K · Feb 2024
1305StudioAED 1.01M · Aug 2021
1306StudioAED 650K · Aug 2021
1307StudioAED 1.07M · Feb 2025
1308StudioAED 1.09M · Jul 2025
1–7 of 23

1304, MAG 318 Tower in numbers

  • Sold once: by MAG on 18 September 2018 for AED 810,000, or AED 1,870 per sqft.
  • Rented since October 2021 on 3 Ejari contracts, from AED 53,000 to AED 82,000 a year.
  • At AED 82,000 a year the gross yield on the 2018 price is 10.1%, 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 25 January 2025.

Questions about 1304, MAG 318 Tower

What did unit 1304 last sell for?

AED 810,000 on 18 September 2018, sold by the developer: AED 1,870 per sqft for 433 sqft. It is the only registered sale of the unit.

What is the rent for unit 1304?

AED 82,000 a year on the contract signed on 25 January 2025. The previous contract, from January 2024, was AED 80,000; the unit has been rented since October 2021.

How big is unit 1304?

433 sqft (40.2 sqm): a studio on the 13th floor of a 22-storey tower completed in 2020.

What is unit 1304 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 1304, MAG 318 Tower

Starts from the last sale price (AED 810K, 18 September 2018). Switch to today's estimate once you have unlocked it.
Price
AED 810,000
Deposit, UAE resident (20%)
AED 162,000
Deposit, non-resident (40%)
AED 324,000
Monthly over 25 years at 3.7%
AED 3,314

Plus AED 39,030 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →