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

1308, MAG 318 Tower

Sold prices and rental history: sold twice, last in July 2025, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1308 · DLD and Ejari recordsUpdated 31 July 2025
Last soldAED 1.09M31 July 2025
Current rentAED 85K /yr2 December 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1308, MAG 318 Tower

What is 1308 worth today?

Last sold for AED 1,090,000 in 2025

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31 Jul 2025SoldReady
AED 1,090,000AED 2,517 per sqft
2 Dec 2024RentedRenewal
AED 85,000/yr12 months · AED 196 per sqft
2 Dec 2023RentedNew contract
AED 80,000/yr12 months · AED 185 per sqft
1 Oct 2022RentedNew contract
AED 80,000/yr12 months · AED 185 per sqft
15 Dec 2020Sold by developerOff-plan
AED 1,075,000AED 2,483 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 31 July 2025.

Key facts

Type
Studio apartment
Size
433 sqft
Floor
13th of 22
Parking
P1-01
Developer
MAG
Completed
2020
Service charge
AED 10,000 /yr
Last sold
AED 1.09M · July 2025
Building
MAG 318 Tower

About 1308, MAG 318 Tower

1308 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. It last sold on 31 July 2025 for AED 1,090,000, or AED 2,517 per sqft, in line with the AED 2,464 studios in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 2 December 2024, is AED 85,000 a year: a gross yield of 7.8% on the 2025 price, before the service charge of about AED 10,000 a year.

Sales and rents for 1308 over time

Sales
Unit 1308, 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, December 2020: AED 1,075,000 (AED 2,483 per sqft)Sold, July 2025: AED 1,090,000 (AED 2,517 per sqft)

1308 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 1308, 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 2022: AED 80,000 a yearNew contract, December 2023: AED 80,000 a yearRenewal, December 2024: AED 85,000 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 1308 sits

All 299 studios →

1308 last sold in July 2025 at AED 2,517 per sqft, in line with what studios in MAG 318 Tower were fetching at the time (AED 2,464). 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. 1308's AED 85,000 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
1304StudioAED 810K · Sep 2018
1305StudioAED 1.01M · Aug 2021
1306StudioAED 650K · Aug 2021
1307StudioAED 1.07M · Feb 2025
1–7 of 23

1308, MAG 318 Tower in numbers

  • Sold twice: first on 15 December 2020 for AED 1,075,000, last on 31 July 2025 for AED 1,090,000 (AED 2,517 per sqft).
  • Rented since October 2022 on 3 Ejari contracts, from AED 80,000 to AED 85,000 a year.
  • At AED 85,000 a year the gross yield on the 2025 price is 7.8%, 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 31 July 2025.

Questions about 1308, MAG 318 Tower

What did unit 1308 last sell for?

AED 1,090,000 on 31 July 2025: AED 2,517 per sqft for 433 sqft. The unit has 2 registered sales; the first was AED 1,075,000 in December 2020.

What is the rent for unit 1308?

AED 85,000 a year on the contract renewed on 2 December 2024. The previous contract, from December 2023, was AED 80,000; the unit has been rented since October 2022.

How big is unit 1308?

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

What is unit 1308 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 1308, MAG 318 Tower

Starts from the last sale price (AED 1.09M, 31 July 2025). Switch to today's estimate once you have unlocked it.
Price
AED 1,090,000
Deposit, UAE resident (20%)
AED 218,000
Deposit, non-resident (40%)
AED 436,000
Monthly over 25 years at 3.7%
AED 4,460

Plus AED 50,790 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →