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1-bed · 982 sqftMAG 318 Tower, Business Bay · 13th floor · completed 2020

1313, MAG 318 Tower

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

Unit 1313 · DLD and Ejari recordsUpdated 15 June 2024
Last soldAED 1.72M4 January 2021
Current rentAED 100K /yr15 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1313, MAG 318 Tower

What is 1313 worth today?

Last sold for AED 1,719,755 in 2021

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15 Jun 2024RentedRenewal
AED 100,000/yr12 months · AED 102 per sqft
15 Jun 2023RentedRenewal
AED 100,000/yr12 months · AED 102 per sqft
15 Jun 2022RentedNew contract
AED 100,000/yr12 months · AED 102 per sqft
4 Jun 2021RentedNew contract
AED 81,500/yr12 months · AED 83 per sqft
4 Jan 2021Sold by developerReady
AED 1,719,755AED 1,750 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 15 June 2024.

Key facts

Type
1-bed apartment
Size
982 sqft
Floor
13th of 22
Parking
P1-05
Developer
MAG
Completed
2020
Service charge
AED 22,700 /yr
Last sold
AED 1.72M · January 2021
Building
MAG 318 Tower

About 1313, MAG 318 Tower

1313 is a one-bedroom apartment of 982 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 4 January 2021 for AED 1,719,755, or AED 1,750 per sqft, 16% below the AED 2,086 one-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, renewed on 15 June 2024, is AED 100,000 a year: a gross yield of 5.8% on the 2021 price, before the service charge of about AED 22,700 a year.

Sales and rents for 1313 over time

Sales
Unit 1313, each saleTypical one-bed in MAG 318 Tower
1.5M2M20182019202020212022Typical sale price by year: 2018 AED 1,486,232; 2019 AED 1,456,817; 2020 AED 2,050,000; 2021 AED 1,594,787Sold by developer, January 2021: AED 1,719,755 (AED 1,750 per sqft)

1313 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1313, each contractTypical one-bed in MAG 318 Tower
75K100K125K2021202320252027Typical rent by year: 2021 AED 82,221; 2022 AED 95,000; 2023 AED 100,600; 2024 AED 120,000; 2025 AED 120,000; 2026 AED 135,000New contract, June 2021: AED 81,500 a yearNew contract, June 2022: AED 100,000 a yearRenewal, June 2023: AED 100,000 a yearRenewal, June 2024: AED 100,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in MAG 318 Tower, and where 1313 sits

All 47 1-beds →

1313 last sold in January 2021 at AED 1,750 per sqft, 16% below what one-beds in MAG 318 Tower were fetching at the time (AED 2,086). Over the last 12 months one-beds sold for AED 1,710,000, around AED 1,740 per sqft, and rent for AED 79,500 to 135,000 a year. 1313's AED 100,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
22 Jan 20261,710,000
14 Apr 20251,800,000
2 Aug 20241,580,000
11 Jul 20231,460,000
1 1-bed sale 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

1313, MAG 318 Tower in numbers

  • Sold once: by MAG on 4 January 2021 for AED 1,719,755, or AED 1,750 per sqft.
  • Rented since June 2021 on 4 Ejari contracts, from AED 81,500 to AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2021 price is 5.8%, before a service charge of about AED 22,700 a year (AED 23.06 per sqft).
  • One-beds in MAG 318 Tower sold for AED 1,710,000–1,710,000 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 15 June 2024.

Questions about 1313, MAG 318 Tower

What did unit 1313 last sell for?

AED 1,719,755 on 4 January 2021, sold by the developer: AED 1,750 per sqft for 982 sqft. It is the only registered sale of the unit.

What is the rent for unit 1313?

AED 100,000 a year on the contract renewed on 15 June 2024. The previous contract, from June 2023, was AED 100,000; the unit has been rented since June 2021.

How big is unit 1313?

982 sqft (91.2 sqm): a one-bedroom apartment on the 13th floor of a 22-storey tower completed in 2020.

What is unit 1313 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in MAG 318 Tower sold for AED 1,710,000 to 1,710,000 in the last 12 months, around AED 1,740 per sqft.

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Mortgage on 1313, MAG 318 Tower

Starts from the last sale price (AED 1.72M, 4 January 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,719,755
Deposit, UAE resident (20%)
AED 343,951
Deposit, non-resident (40%)
AED 687,902
Monthly over 25 years at 3.7%
AED 7,036

Plus AED 77,240 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →