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1-bed · 819 sqftMAG 318 Tower, Business Bay · 14th floor · completed 2020

1401, MAG 318 Tower

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

Unit 1401 · DLD and Ejari recordsUpdated 27 February 2025
Last soldAED 1.37M12 August 2018
Current rentAED 128K /yr27 February 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1401, MAG 318 Tower

What is 1401 worth today?

Last sold for AED 1,373,058 in 2018

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27 Feb 2025RentedRenewal
AED 128,000/yr12 months · AED 156 per sqft
27 Feb 2024RentedRenewal
AED 123,000/yr12 months · AED 150 per sqft
1 Mar 2022RentedNew contract
AED 105,000/yr12 months · AED 128 per sqft
12 Aug 2018Sold by developerOff-plan
AED 1,373,058AED 1,676 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 27 February 2025.

Key facts

Type
1-bed apartment
Size
819 sqft
Floor
14th of 22
Parking
P1-15
Developer
MAG
Completed
2020
Service charge
AED 18,900 /yr
Last sold
AED 1.37M · August 2018
Building
MAG 318 Tower

About 1401, MAG 318 Tower

1401 is a one-bedroom apartment of 819 sqft on the 14th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. The developer sold it on 12 August 2018 for AED 1,373,058, or AED 1,676 per sqft, 7% below the AED 1,798 one-beds in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 27 February 2025, is AED 128,000 a year: a gross yield of 9.3% on the 2018 price, before the service charge of about AED 18,900 a year.

Sales and rents for 1401 over time

Sales
Unit 1401, 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, August 2018: AED 1,373,058 (AED 1,676 per sqft)

1401 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1401, 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, March 2022: AED 105,000 a yearRenewal, February 2024: AED 123,000 a yearRenewal, February 2025: AED 128,000 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 1401 sits

All 47 1-beds →

1401 last sold in August 2018 at AED 1,676 per sqft, 7% below what one-beds in MAG 318 Tower were fetching at the time (AED 1,798). 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. 1401's AED 128,000 is in the upper 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 14th floor

All 439 units in MAG 318 Tower
Value
14022-bedAED 1.66M · May 2018
1403StudioAED 950K · Oct 2023
1404StudioAED 793K · May 2019
1405StudioAED 835K · Aug 2022
1406StudioAED 779K · Feb 2020
1407StudioAED 740K · Nov 2021
1408StudioAED 800K · Jun 2022
1–7 of 23

1401, MAG 318 Tower in numbers

  • Sold once: by MAG on 12 August 2018 for AED 1,373,058, or AED 1,676 per sqft.
  • Rented since March 2022 on 3 Ejari contracts, from AED 105,000 to AED 128,000 a year.
  • At AED 128,000 a year the gross yield on the 2018 price is 9.3%, before a service charge of about AED 18,900 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 27 February 2025.

Questions about 1401, MAG 318 Tower

What did unit 1401 last sell for?

AED 1,373,058 on 12 August 2018, sold by the developer: AED 1,676 per sqft for 819 sqft. It is the only registered sale of the unit.

What is the rent for unit 1401?

AED 128,000 a year on the contract renewed on 27 February 2025. The previous contract, from February 2024, was AED 123,000; the unit has been rented since March 2022.

How big is unit 1401?

819 sqft (76.1 sqm): a one-bedroom apartment on the 14th floor of a 22-storey tower completed in 2020.

What is unit 1401 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 1401, MAG 318 Tower

Starts from the last sale price (AED 1.37M, 12 August 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,373,058
Deposit, UAE resident (20%)
AED 274,612
Deposit, non-resident (40%)
AED 549,223
Monthly over 25 years at 3.7%
AED 5,618

Plus AED 62,678 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →