Studio · 438 sqftMAG 318 Tower, Business Bay · 4th floor · completed 2020

402, MAG 318 Tower

Name: Yalla Value Property Public Auction LLC
Address: Empire Heights, Office No. B-02-15, Floor P3, Business Bay, Dubai, AE
Telephone: +971585995901

Sold prices and rental history: sold once, by the developer in December 2020, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 402 · DLD and Ejari recordsUpdated 15 December 2020

Last soldAED 1.08M15 December 2020

Estimated yieldfree after one verification

Today's valuefree after one verification

Property timeline for 402, MAG 318 Tower

Today

What is 402 worth today?

Last sold for AED 1,075,000 in 2020

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15 Dec 2020

15 Dec 2020Sold by developerOff-plan

AED 1,075,000AED 2,453 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 15 December 2020.

Key facts

Type: Studio apartment
Size: 438 sqft
Floor: 4th of 22
Parking: P3-01
Developer: MAG
Completed: 2020
Service charge: AED 10,100 /yr
Last sold: AED 1.08M · December 2020
Building: MAG 318 Tower

About 402, MAG 318 Tower

402 is a studio of 438 sqft on the 4th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. The developer sold it on 15 December 2020 for AED 1,075,000, or AED 2,453 per sqft, 29% above the AED 1,906 studios in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 402 over time

Sales

Unit 402, each saleTypical studio in MAG 318 Tower

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

Rents

Unit 402, each contractTypical studio in MAG 318 Tower

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 402 sits

All 299 studios →

Studios in MAG 318 Tower · last 12 months2,475 /sqft MAG 318 Tower · all types2,457 /sqft

402 last sold in December 2020 at AED 2,453 per sqft, 29% above what studios in MAG 318 Tower were fetching at the time (AED 1,906). 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	Size	Price (AED)	Per sqft
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

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 4th floor

All 439 units in MAG 318 Tower


401	2-bed	1,257 sqft	AED 1.7MAED 1,700,000 · Sep 2021September 2021	155,000 /yr
403	Studio	433 sqft	AED 1.05MAED 1,050,000 · Feb 2026February 2026	80,000 /yr
404	Studio	434 sqft	AED 780KAED 780,000 · Jul 2018July 2018	74,000 /yr
405	1-bed	869 sqft	AED 1.96MAED 1,955,000 · Dec 2020December 2020
406	1-bed	872 sqft	AED 1.96MAED 1,955,000 · Dec 2020December 2020	120,000 /yr
407	1-bed	876 sqft	AED 1.81MAED 1,810,000 · Apr 2021April 2021	120,000 /yr
408	2-bed	1,602 sqft	AED 1.03MAED 1,025,000 · Jan 2022January 2022
409	1-bed	1,563 sqft	AED 1.85MAED 1,850,962 · Sep 2021September 2021	155,000 /yr
410	2-bed	2,076 sqft	AED 2.25MAED 2,250,000 · Dec 2020December 2020	160,000 /yr
411	1-bed	890 sqft	AED 1.96MAED 1,955,000 · Dec 2020December 2020	86,400 /yr
412	Studio	439 sqft	AED 780KAED 780,000 · May 2018May 2018	65,000 /yr
413	1-bed	1,203 sqft	AED 1.52MAED 1,523,090 · Sep 2020September 2020	115,500 /yr

1–7 of 12

402, MAG 318 Tower in numbers

Sold once: by MAG on 15 December 2020 for AED 1,075,000, or AED 2,453 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 15 December 2020.

Questions about 402, MAG 318 Tower

What did unit 402 last sell for?

AED 1,075,000 on 15 December 2020, sold by the developer: AED 2,453 per sqft for 438 sqft. It is the only registered sale of the unit.

How big is unit 402?

438 sqft (40.7 sqm): a studio on the 4th floor of a 22-storey tower completed in 2020.

What is unit 402 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 402, MAG 318 Tower

Starts from the last sale price (AED 1.08M, 15 December 2020). Switch to today's estimate once you have unlocked it.

Price: AED 1,075,000
Deposit, UAE resident (20%): AED 215,000
Deposit, non-resident (40%): AED 430,000
Monthly over 25 years at 3.7%: AED 4,398

Plus AED 50,160 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →