Home
Dubai prices
About
Research
Studio · 438 sqftMAG 318 Tower, Business Bay · 14th floor · completed 2020

1403, MAG 318 Tower

Sold prices and rental history: sold twice, last in October 2023, and rented once, from October 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1403 · DLD and Ejari recordsUpdated 18 October 2023
Last soldAED 950K18 October 2023
Current rentAED 40K /yr1 October 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1403, MAG 318 Tower

What is 1403 worth today?

Last sold for AED 950,000 in 2023

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

18 Oct 2023SoldReady
AED 950,000AED 2,168 per sqft
1 Oct 2021RentedNew contract
AED 40,000/yr12 months · AED 91 per sqft
26 Apr 2018Sold by developerOff-plan
AED 773,246AED 1,765 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 18 October 2023.

Key facts

Type
Studio apartment
Size
438 sqft
Floor
14th of 22
Parking
P1-16
Developer
MAG
Completed
2020
Service charge
AED 10,100 /yr
Last sold
AED 950K · October 2023
Building
MAG 318 Tower

About 1403, MAG 318 Tower

1403 is a studio of 438 sqft on the 14th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. It last sold on 18 October 2023 for AED 950,000, or AED 2,168 per sqft, in line with the AED 2,149 studios in the building were fetching at the time.

One Ejari contract is registered, from 1 October 2021. The current contract, signed on 1 October 2021, is AED 40,000 a year: a gross yield of 4.2% on the 2023 price, before the service charge of about AED 10,100 a year.

Sales and rents for 1403 over time

Sales
Unit 1403, each saleTypical studio in MAG 318 Tower
800K1M2017202020232026Typical sale price by year: 2017 AED 776,165; 2018 AED 786,952; 2019 AED 791,701; 2020 AED 877,070; 2021 AED 745,000; 2022 AED 850,000; 2023 AED 947,500; 2024 AED 1,025,000; 2025 AED 1,100,000; 2026 AED 1,050,000Sold by developer, April 2018: AED 773,246 (AED 1,765 per sqft)Sold, October 2023: AED 950,000 (AED 2,168 per sqft)

1403 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 1403, each contractTypical studio in MAG 318 Tower
40K60K80K2021202320252027Typical rent by year: 2021 AED 52,000; 2022 AED 65,000; 2023 AED 70,000; 2024 AED 75,000; 2025 AED 75,908; 2026 AED 80,000New contract, October 2021: AED 40,000 a year

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 1403 sits

All 299 studios →

1403 last sold in October 2023 at AED 2,168 per sqft, in line with what studios in MAG 318 Tower were fetching at the time (AED 2,149). 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. 1403's AED 40,000 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
3 Feb 20261,050,000
29 Jan 20261,000,000
27 Jan 20261,160,000
23 Dec 20251,100,000
8 studio sales 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
14011-bedAED 1.37M · Aug 2018
14022-bedAED 1.66M · May 2018
1404StudioAED 793K · May 2019
1405StudioAED 835K · Aug 2022
1406StudioAED 779K · Feb 2020
1407StudioAED 740K · Nov 2021
1408StudioAED 800K · Jun 2022
1–7 of 23

1403, MAG 318 Tower in numbers

  • Sold twice: first on 26 April 2018 for AED 773,246, last on 18 October 2023 for AED 950,000 (AED 2,168 per sqft).
  • Rented since October 2021 on one Ejari contract, at AED 40,000 a year.
  • At AED 40,000 a year the gross yield on the 2023 price is 4.2%, before a service charge of about AED 10,100 a year (AED 23.06 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 18 October 2023.

Questions about 1403, MAG 318 Tower

What did unit 1403 last sell for?

AED 950,000 on 18 October 2023: AED 2,168 per sqft for 438 sqft. The unit has 2 registered sales; the first was AED 773,246 in April 2018.

What is the rent for unit 1403?

AED 40,000 a year on the contract signed on 1 October 2021.

How big is unit 1403?

438 sqft (40.7 sqm): a studio on the 14th floor of a 22-storey tower completed in 2020.

What is unit 1403 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.

Selling 1403? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 1403, MAG 318 Tower

Starts from the last sale price (AED 950K, 18 October 2023). Switch to today's estimate once you have unlocked it.
Price
AED 950,000
Deposit, UAE resident (20%)
AED 190,000
Deposit, non-resident (40%)
AED 380,000
Monthly over 25 years at 3.7%
AED 3,887

Plus AED 44,910 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →