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Studio · 432 sqftMAG 318 Tower, Business Bay · 13th floor · completed 2020

1307, MAG 318 Tower

Sold prices and rental history: sold twice, last in February 2025, and rented once, from July 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1307 · DLD and Ejari recordsUpdated 13 February 2025
Last soldAED 1.07M13 February 2025
Current rentAED 48K /yr12 July 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1307, MAG 318 Tower

What is 1307 worth today?

Last sold for AED 1,070,000 in 2025

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13 Feb 2025SoldReady
AED 1,070,000AED 2,478 per sqft
12 Jul 2021RentedNew contract
AED 48,000/yr12 months · AED 111 per sqft
8 Oct 2018Sold by developerOff-plan
AED 820,562AED 1,901 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 13 February 2025.

Key facts

Type
Studio apartment
Size
432 sqft
Floor
13th of 22
Parking
P2-111
Developer
MAG
Completed
2020
Service charge
AED 10,000 /yr
Last sold
AED 1.07M · February 2025
Building
MAG 318 Tower

About 1307, MAG 318 Tower

1307 is a studio of 432 sqft on the 13th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. It last sold on 13 February 2025 for AED 1,070,000, or AED 2,478 per sqft, 3% above the AED 2,403 studios in the building were fetching at the time.

One Ejari contract is registered, from 12 July 2021. The current contract, signed on 12 July 2021, is AED 48,000 a year: a gross yield of 4.5% on the 2025 price, before the service charge of about AED 10,000 a year.

Sales and rents for 1307 over time

Sales
Unit 1307, 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, October 2018: AED 820,562 (AED 1,901 per sqft)Sold, February 2025: AED 1,070,000 (AED 2,478 per sqft)

1307 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 1307, 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, July 2021: AED 48,000 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 1307 sits

All 299 studios →

1307 last sold in February 2025 at AED 2,478 per sqft, 3% above what studios in MAG 318 Tower were fetching at the time (AED 2,403). 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. 1307's AED 48,000 is at the bottom 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
1304StudioAED 810K · Sep 2018
1305StudioAED 1.01M · Aug 2021
1306StudioAED 650K · Aug 2021
1308StudioAED 1.09M · Jul 2025
1–7 of 23

1307, MAG 318 Tower in numbers

  • Sold twice: first on 8 October 2018 for AED 820,562, last on 13 February 2025 for AED 1,070,000 (AED 2,478 per sqft).
  • Rented since July 2021 on one Ejari contract, at AED 48,000 a year.
  • At AED 48,000 a year the gross yield on the 2025 price is 4.5%, 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 13 February 2025.

Questions about 1307, MAG 318 Tower

What did unit 1307 last sell for?

AED 1,070,000 on 13 February 2025: AED 2,478 per sqft for 432 sqft. The unit has 2 registered sales; the first was AED 820,562 in October 2018.

What is the rent for unit 1307?

AED 48,000 a year on the contract signed on 12 July 2021.

How big is unit 1307?

432 sqft (40.1 sqm): a studio on the 13th floor of a 22-storey tower completed in 2020.

What is unit 1307 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 1307, MAG 318 Tower

Starts from the last sale price (AED 1.07M, 13 February 2025). Switch to today's estimate once you have unlocked it.
Price
AED 1,070,000
Deposit, UAE resident (20%)
AED 214,000
Deposit, non-resident (40%)
AED 428,000
Monthly over 25 years at 3.7%
AED 4,378

Plus AED 49,950 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →