1408, MAG 318 Tower
Sold prices and rental history: sold 3 times, last in June 2022, 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 1408, MAG 318 Tower
What is 1408 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 9 June 2022.
Key facts
- Type
- Studio apartment
- Size
- 433 sqft
- Floor
- 14th of 22
- Parking
- P1-21
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 10,000 /yr
- Last sold
- AED 800K · June 2022
- Building
- MAG 318 Tower
About 1408, MAG 318 Tower
1408 is a studio of 433 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 9 June 2022 for AED 800,000, or AED 1,847 per sqft, 7% above the AED 1,729 studios in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 1408 over time
1408 has sold 3 times; 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 1408 sits
All 299 studios →1408 last sold in June 2022 at AED 1,847 per sqft, 7% above what studios in MAG 318 Tower were fetching at the time (AED 1,729). 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 14th floor
All 439 units in MAG 318 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1401 | 1-bed | 819 sqft | AED 1.37MAED 1,373,058 · Aug 2018August 2018 | 128,000 /yr | |
| 1402 | 2-bed | 967 sqft | AED 1.66MAED 1,655,541 · May 2018May 2018 | 145,000 /yr | |
| 1403 | Studio | 438 sqft | AED 950KAED 950,000 · Oct 2023October 2023 | 40,000 /yr | |
| 1404 | Studio | 433 sqft | AED 793KAED 792,893 · May 2019May 2019 | ||
| 1405 | Studio | 432 sqft | AED 835KAED 835,000 · Aug 2022August 2022 | 78,750 /yr | |
| 1406 | Studio | 433 sqft | AED 779KAED 778,830 · Feb 2020February 2020 | ||
| 1407 | Studio | 432 sqft | AED 740KAED 740,000 · Nov 2021November 2021 | 75,000 /yr | |
| 1409 | Studio | 433 sqft | AED 630KAED 630,000 · Mar 2021March 2021 | ||
| 1410 | Studio | 432 sqft | AED 783KAED 783,000 · Jul 2019July 2019 | 73,000 /yr | |
| 1411 | Studio | 436 sqft | AED 1.08MAED 1,075,000 · Jun 2025June 2025 | 80,000 /yr | |
| 1412 | 2-bed | 966 sqft | AED 2.26MAED 2,255,000 · Jul 2025July 2025 | 155,000 /yr | |
| 1413 | 1-bed | 982 sqft | AED 2.05MAED 2,050,000 · Dec 2020December 2020 | 130,000 /yr | |
| 1414 | 2-bed | 1,045 sqft | AED 2.25MAED 2,250,000 · Dec 2020December 2020 | 150,000 /yr | |
| 1415 | Studio | 444 sqft | AED 792KAED 792,307 · Aug 2018August 2018 | 80,000 /yr | |
| 1416 | Studio | 440 sqft | AED 1.01MAED 1,010,000 · Jun 2021June 2021 | 78,000 /yr | |
| 1417 | Studio | 441 sqft | AED 783KAED 783,000 · Jul 2018July 2018 | 75,000 /yr | |
| 1418 | Studio | 441 sqft | AED 757KAED 757,279 · Aug 2021August 2021 | 75,000 /yr | |
| 1419 | Studio | 440 sqft | AED 783KAED 783,361 · Sep 2018September 2018 | 68,620 /yr | |
| 1420 | Studio | 441 sqft | AED 454KAED 453,500 · Feb 2021February 2021 | 72,500 /yr | |
| 1421 | Studio | 440 sqft | AED 900KAED 900,000 · May 2023May 2023 | 82,000 /yr | |
| 1422 | Studio | 441 sqft | AED 781KAED 781,148 · Apr 2019April 2019 | 70,000 /yr | |
| 1423 | Studio | 446 sqft | AED 781KAED 781,148 · Apr 2019April 2019 | 73,000 /yr | |
| 1424 | 2-bed | 1,043 sqft | AED 1.75MAED 1,746,500 · May 2019May 2019 | 220,000 /yr |
1408, MAG 318 Tower in numbers
- Sold 3 times: first on 20 May 2018 for AED 750,511, last on 9 June 2022 for AED 800,000 (AED 1,847 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 9 June 2022.
Questions about 1408, MAG 318 Tower
What did unit 1408 last sell for?
AED 800,000 on 9 June 2022: AED 1,847 per sqft for 433 sqft. The unit has 3 registered sales; the first was AED 750,511 in May 2018.
How big is unit 1408?
433 sqft (40.2 sqm): a studio on the 14th floor of a 22-storey tower completed in 2020.
What is unit 1408 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 1408, MAG 318 Tower
Starts from the last sale price (AED 800K, 9 June 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 800,000
- Deposit, UAE resident (20%)
- AED 160,000
- Deposit, non-resident (40%)
- AED 320,000
- Monthly over 25 years at 3.7%
- AED 3,273
Plus AED 38,610 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →