1316, MAG 318 Tower
Sold prices and rental history: sold once, by the developer in February 2020, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1316, MAG 318 Tower
What is 1316 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 23 February 2020.
Key facts
- Type
- Studio apartment
- Size
- 440 sqft
- Floor
- 13th of 22
- Parking
- P1-07
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 10,100 /yr
- Last sold
- AED 809K · February 2020
- Building
- MAG 318 Tower
About 1316, MAG 318 Tower
1316 is a studio of 440 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 23 February 2020 for AED 808,500, or AED 1,837 per sqft, in line with the AED 1,801 studios in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 1316 over time
1316 has sold once; the dashed line is the studio median of each year in the building.
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 1316 sits
All 299 studios →1316 last sold in February 2020 at AED 1,837 per sqft, in line with what studios in MAG 318 Tower were fetching at the time (AED 1,801). 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.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 3 Feb 20263 February 2026 | 433 sqft | 1,050,000 | 2,425 | ||
| 29 Jan 202629 January 2026 | 432 sqft | 1,000,000 | 2,316 | ||
| 27 Jan 202627 January 2026 | 432 sqft | 1,160,000 | 2,686 | ||
| 23 Dec 202523 December 2025 | 441 sqft | 1,100,000 | 2,495 |
MAG 318 Tower
Building439 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%
Other units on the 13th floor
All 439 units in MAG 318 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1301 | 1-bed | 819 sqft | AED 1.54MAED 1,535,640 · Mar 2020March 2020 | 120,000 /yr | |
| 1302 | 2-bed | 967 sqft | AED 2.25MAED 2,250,000 · Dec 2020December 2020 | 110,000 /yr | |
| 1303 | Studio | 438 sqft | AED 970KAED 970,000 · Feb 2024February 2024 | 75,000 /yr | |
| 1304 | Studio | 433 sqft | AED 810KAED 810,000 · Sep 2018September 2018 | 82,000 /yr | |
| 1305 | Studio | 432 sqft | AED 1.01MAED 1,010,000 · Aug 2021August 2021 | 75,000 /yr | |
| 1306 | Studio | 433 sqft | AED 650KAED 650,000 · Aug 2021August 2021 | ||
| 1307 | Studio | 432 sqft | AED 1.07MAED 1,070,000 · Feb 2025February 2025 | 48,000 /yr | |
| 1308 | Studio | 433 sqft | AED 1.09MAED 1,090,000 · Jul 2025July 2025 | 85,000 /yr | |
| 1309 | Studio | 433 sqft | AED 827KAED 827,000 · Feb 2021February 2021 | ||
| 1310 | Studio | 432 sqft | AED 797KAED 796,950 · Nov 2017November 2017 | ||
| 1311 | 436 sqft | AED 1.02MAED 1,020,000 · Aug 2025August 2025 | 96,000 /yr | ||
| 1312 | 2-bed | 966 sqft | AED 1.34MAED 1,337,000 · Nov 2022November 2022 | 155,000 /yr | |
| 1313 | 1-bed | 982 sqft | AED 1.72MAED 1,719,755 · Jan 2021January 2021 | 100,000 /yr | |
| 1314 | 2-bed | 1,045 sqft | AED 2.3MAED 2,300,000 · Dec 2020December 2020 | 115,500 /yr | |
| 1315 | Studio | 444 sqft | AED 1.01MAED 1,010,000 · Aug 2021August 2021 | 83,000 /yr | |
| 1317 | Studio | 441 sqft | AED 808KAED 807,572 · Mar 2018March 2018 | ||
| 1318 | Studio | 441 sqft | AED 779KAED 778,800 · Jul 2021July 2021 | 73,500 /yr | |
| 1319 | Studio | 440 sqft | AED 808KAED 807,589 · Oct 2018October 2018 | 80,000 /yr | |
| 1320 | 441 sqft | AED 808KAED 808,477 · May 2018May 2018 | 56,000 /yr | ||
| 1321 | Studio | 440 sqft | AED 800KAED 800,000 · Jul 2018July 2018 | ||
| 1322 | Studio | 441 sqft | AED 1.03MAED 1,030,000 · Aug 2024August 2024 | 75,000 /yr | |
| 1323 | Studio | 446 sqft | AED 800KAED 800,000 · May 2018May 2018 | ||
| 1324 | 2-bed | 1,043 sqft | AED 2.3MAED 2,300,000 · Dec 2020December 2020 | 165,000 /yr |
1316, MAG 318 Tower in numbers
- Sold once: by MAG on 23 February 2020 for AED 808,500, or AED 1,837 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 23 February 2020.
Questions about 1316, MAG 318 Tower
What did unit 1316 last sell for?
AED 808,500 on 23 February 2020, sold by the developer: AED 1,837 per sqft for 440 sqft. It is the only registered sale of the unit.
How big is unit 1316?
440 sqft (40.9 sqm): a studio on the 13th floor of a 22-storey tower completed in 2020.
What is unit 1316 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 1316, MAG 318 Tower
Starts from the last sale price (AED 809K, 23 February 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 808,500
- Deposit, UAE resident (20%)
- AED 161,700
- Deposit, non-resident (40%)
- AED 323,400
- Monthly over 25 years at 3.7%
- AED 3,308
Plus AED 38,967 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →