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

1320, MAG 318 Tower

Sold prices and rental history: sold once, by the developer in May 2018, and rented once, from January 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1320 · DLD and Ejari recordsUpdated 20 January 2022
Last soldAED 808K20 May 2018
Current rentAED 56K /yr20 January 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1320, MAG 318 Tower

What is 1320 worth today?

Last sold for AED 808,477 in 2018

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20 Jan 2022RentedNew contract
AED 56,000/yr12 months · AED 127 per sqft
20 May 2018Sold by developerOff-plan
AED 808,477AED 1,832 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 20 January 2022.

Key facts

Type
Apartment
Size
441 sqft
Floor
13th of 22
Parking
P1-11
Developer
MAG
Completed
2020
Service charge
AED 10,200 /yr
Last sold
AED 808K · May 2018
Building
MAG 318 Tower

About 1320, MAG 318 Tower

1320 is an apartment of 441 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 20 May 2018 for AED 808,477, or AED 1,832 per sqft.

One Ejari contract is registered, from 20 January 2022. The current contract, signed on 20 January 2022, is AED 56,000 a year: a gross yield of 6.9% on the 2018 price, before the service charge of about AED 10,200 a year.

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

1320, MAG 318 Tower in numbers

  • Sold once: by MAG on 20 May 2018 for AED 808,477, or AED 1,832 per sqft.
  • Rented since January 2022 on one Ejari contract, at AED 56,000 a year.
  • At AED 56,000 a year the gross yield on the 2018 price is 6.9%, before a service charge of about AED 10,200 a year (AED 23.06 per sqft).

Source: YallaValue analysis of Dubai Land Department records. Updated 20 January 2022.

Questions about 1320, MAG 318 Tower

What did unit 1320 last sell for?

AED 808,477 on 20 May 2018, sold by the developer: AED 1,832 per sqft for 441 sqft. It is the only registered sale of the unit.

What is the rent for unit 1320?

AED 56,000 a year on the contract signed on 20 January 2022.

How big is unit 1320?

441 sqft (41.0 sqm): an apartment on the 13th floor of a 22-storey tower completed in 2020.

What is unit 1320 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 1320, MAG 318 Tower

Starts from the last sale price (AED 808K, 20 May 2018). Switch to today's estimate once you have unlocked it.
Price
AED 808,477
Deposit, UAE resident (20%)
AED 161,695
Deposit, non-resident (40%)
AED 323,391
Monthly over 25 years at 3.7%
AED 3,308

Plus AED 38,966 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →