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2-bed · 1,045 sqftMAG 318 Tower, Business Bay · 13th floor · completed 2020

1314, MAG 318 Tower

Sold prices and rental history: sold once, by the developer in December 2020, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1314 · DLD and Ejari recordsUpdated 6 August 2025
Last soldAED 2.3M15 December 2020
Current rentAED 116K /yr6 August 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1314, MAG 318 Tower

What is 1314 worth today?

Last sold for AED 2,300,000 in 2020

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6 Aug 2025RentedNew contract
AED 115,500/yr12 months · AED 111 per sqft
1 Aug 2024RentedRenewal
AED 105,000/yr12 months · AED 100 per sqft
1 Aug 2023RentedRenewal
AED 100,000/yr12 months · AED 96 per sqft
1 Aug 2022RentedRenewal
AED 100,000/yr12 months · AED 96 per sqft
15 Dec 2020Sold by developerOff-plan
AED 2,300,000AED 2,200 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 6 August 2025.

Key facts

Type
2-bed apartment
Size
1,045 sqft
Floor
13th of 22
Parking
P1-65 , P1-84
Developer
MAG
Completed
2020
Service charge
AED 24,100 /yr
Last sold
AED 2.3M · December 2020
Building
MAG 318 Tower

About 1314, MAG 318 Tower

1314 is a two-bedroom apartment of 1,045 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 15 December 2020 for AED 2,300,000, or AED 2,200 per sqft, in line with the AED 2,200 two-beds in the building were fetching at the time.

It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, signed on 6 August 2025, is AED 115,500 a year: a gross yield of 5.0% on the 2020 price, before the service charge of about AED 24,100 a year.

Sales and rents for 1314 over time

Sales
Unit 1314, each saleTypical two-bed in MAG 318 Tower
1.5M2M20182020202220242026Typical sale price by year: 2018 AED 1,781,294; 2019 AED 1,773,725; 2020 AED 2,250,000; 2021 AED 1,855,087; 2022 AED 1,357,005; 2024 AED 2,120,000; 2025 AED 2,050,000Sold by developer, December 2020: AED 2,300,000 (AED 2,200 per sqft)

1314 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1314, each contractTypical two-bed in MAG 318 Tower
100K125K150K2021202320252027Typical rent by year: 2021 AED 101,000; 2022 AED 120,000; 2023 AED 125,500; 2024 AED 143,000; 2025 AED 144,225; 2026 AED 155,000Renewal, August 2022: AED 100,000 a yearRenewal, August 2023: AED 100,000 a yearRenewal, August 2024: AED 105,000 a yearNew contract, August 2025: AED 115,500 a year

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

2-beds in MAG 318 Tower, and where 1314 sits

All 73 2-beds →

1314 last sold in December 2020 at AED 2,200 per sqft, in line with what two-beds in MAG 318 Tower were fetching at the time (AED 2,200). Over the last 12 months two-beds sold for AED 2,000,000, around AED 2,068 per sqft, and rent for AED 85,000 to 160,000 a year. 1314's AED 115,500 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
12 Feb 20262,000,000
21 Jul 20252,255,000
11 Apr 20252,050,000
18 Mar 20252,000,000
1 2-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

1314, MAG 318 Tower in numbers

  • Sold once: by MAG on 15 December 2020 for AED 2,300,000, or AED 2,200 per sqft.
  • Rented since August 2022 on 4 Ejari contracts, from AED 100,000 to AED 115,500 a year.
  • At AED 115,500 a year the gross yield on the 2020 price is 5.0%, before a service charge of about AED 24,100 a year (AED 23.06 per sqft).
  • Two-beds in MAG 318 Tower sold for AED 2,000,000–2,000,000 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 6 August 2025.

Questions about 1314, MAG 318 Tower

What did unit 1314 last sell for?

AED 2,300,000 on 15 December 2020, sold by the developer: AED 2,200 per sqft for 1,045 sqft. It is the only registered sale of the unit.

What is the rent for unit 1314?

AED 115,500 a year on the contract signed on 6 August 2025. The previous contract, from August 2024, was AED 105,000; the unit has been rented since August 2022.

How big is unit 1314?

1,045 sqft (97.1 sqm): a two-bedroom apartment on the 13th floor of a 22-storey tower completed in 2020.

What is unit 1314 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in MAG 318 Tower sold for AED 2,000,000 to 2,000,000 in the last 12 months, around AED 2,068 per sqft.

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Mortgage on 1314, MAG 318 Tower

Starts from the last sale price (AED 2.3M, 15 December 2020). Switch to today's estimate once you have unlocked it.
Price
AED 2,300,000
Deposit, UAE resident (20%)
AED 460,000
Deposit, non-resident (40%)
AED 920,000
Monthly over 25 years at 3.7%
AED 9,410

Plus AED 101,610 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →