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Studio · 440 sqftMAG 318 Tower, Business Bay · 14th floor · completed 2020

1419, MAG 318 Tower

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

Unit 1419 · DLD and Ejari recordsUpdated 21 February 2023
Last soldAED 783K9 September 2018
Current rentAED 69K /yr21 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1419, MAG 318 Tower

What is 1419 worth today?

Last sold for AED 783,361 in 2018

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21 Feb 2023RentedNew contract
AED 68,620/yr12 months · AED 156 per sqft
28 Feb 2022RentedNew contract
AED 70,000/yr12 months · AED 159 per sqft
9 Sep 2018Sold by developerOff-plan
AED 783,361AED 1,781 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 21 February 2023.

Key facts

Type
Studio apartment
Size
440 sqft
Floor
14th of 22
Parking
P1-30
Developer
MAG
Completed
2020
Service charge
AED 10,100 /yr
Last sold
AED 783K · September 2018
Building
MAG 318 Tower

About 1419, MAG 318 Tower

1419 is a studio of 440 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 9 September 2018 for AED 783,361, or AED 1,781 per sqft, in line with the AED 1,790 studios in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 21 February 2023, is AED 68,620 a year: a gross yield of 8.8% on the 2018 price, before the service charge of about AED 10,100 a year.

Sales and rents for 1419 over time

Sales
Unit 1419, 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, September 2018: AED 783,361 (AED 1,781 per sqft)

1419 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 1419, each contractTypical studio in MAG 318 Tower
60K80K2021202320252027Typical 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, February 2022: AED 70,000 a yearNew contract, February 2023: AED 68,620 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 1419 sits

All 299 studios →

1419 last sold in September 2018 at AED 1,781 per sqft, in line with what studios in MAG 318 Tower were fetching at the time (AED 1,790). 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. 1419's AED 68,620 is in the lower half 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
1403StudioAED 950K · Oct 2023
1404StudioAED 793K · May 2019
1405StudioAED 835K · Aug 2022
1406StudioAED 779K · Feb 2020
1407StudioAED 740K · Nov 2021
1–7 of 23

1419, MAG 318 Tower in numbers

  • Sold once: by MAG on 9 September 2018 for AED 783,361, or AED 1,781 per sqft.
  • Rented since February 2022 on 2 Ejari contracts, from AED 70,000 to AED 68,620 a year.
  • At AED 68,620 a year the gross yield on the 2018 price is 8.8%, 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 21 February 2023.

Questions about 1419, MAG 318 Tower

What did unit 1419 last sell for?

AED 783,361 on 9 September 2018, sold by the developer: AED 1,781 per sqft for 440 sqft. It is the only registered sale of the unit.

What is the rent for unit 1419?

AED 68,620 a year on the contract signed on 21 February 2023. The previous contract, from February 2022, was AED 70,000.

How big is unit 1419?

440 sqft (40.9 sqm): a studio on the 14th floor of a 22-storey tower completed in 2020.

What is unit 1419 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 1419, MAG 318 Tower

Starts from the last sale price (AED 783K, 9 September 2018). Switch to today's estimate once you have unlocked it.
Price
AED 783,361
Deposit, UAE resident (20%)
AED 156,672
Deposit, non-resident (40%)
AED 313,344
Monthly over 25 years at 3.7%
AED 3,205

Plus AED 37,911 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →