407, MAG 318 Tower
Sold prices and rental history: sold once, by the developer in April 2021, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 407, MAG 318 Tower
What is 407 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 13 September 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 876 sqft
- Floor
- 4th of 22
- Parking
- P3-06
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 20,200 /yr
- Last sold
- AED 1.81M · April 2021
- Building
- MAG 318 Tower
About 407, MAG 318 Tower
407 is a one-bedroom apartment of 876 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 26 April 2021 for AED 1,810,000, or AED 2,066 per sqft, in line with the AED 2,086 one-beds in the building were fetching at the time.
It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, signed on 13 September 2025, is AED 120,000 a year: a gross yield of 6.6% on the 2021 price, before the service charge of about AED 20,200 a year.
Sales and rents for 407 over time
407 has sold once; the dashed line is the one-bed median of each year in the building.
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 407 sits
All 47 1-beds →407 last sold in April 2021 at AED 2,066 per sqft, in line with what one-beds in MAG 318 Tower were fetching at the time (AED 2,086). 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. 407's AED 120,000 is in the upper half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 22 Jan 202622 January 2026 | 982 sqft | 1,710,000 | 1,740 | ||
| 14 Apr 202514 April 2025 | 819 sqft | 1,800,000 | 2,197 | ||
| 2 Aug 20242 August 2024 | 821 sqft | 1,580,000 | 1,924 | ||
| 11 Jul 202311 July 2023 | 890 sqft | 1,460,000 | 1,640 |
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 4th floor
All 439 units in MAG 318 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 2-bed | 1,257 sqft | AED 1.7MAED 1,700,000 · Sep 2021September 2021 | 155,000 /yr | |
| 402 | Studio | 438 sqft | AED 1.08MAED 1,075,000 · Dec 2020December 2020 | ||
| 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 | |
| 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 |
407, MAG 318 Tower in numbers
- Sold once: by MAG on 26 April 2021 for AED 1,810,000, or AED 2,066 per sqft.
- Rented since April 2022 on 4 Ejari contracts, from AED 95,000 to AED 120,000 a year.
- At AED 120,000 a year the gross yield on the 2021 price is 6.6%, before a service charge of about AED 20,200 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 13 September 2025.
Questions about 407, MAG 318 Tower
What did unit 407 last sell for?
AED 1,810,000 on 26 April 2021, sold by the developer: AED 2,066 per sqft for 876 sqft. It is the only registered sale of the unit.
What is the rent for unit 407?
AED 120,000 a year on the contract signed on 13 September 2025. The previous contract, from August 2024, was AED 115,000; the unit has been rented since April 2022.
How big is unit 407?
876 sqft (81.4 sqm): a one-bedroom apartment on the 4th floor of a 22-storey tower completed in 2020.
What is unit 407 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 407, MAG 318 Tower
Starts from the last sale price (AED 1.81M, 26 April 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 1,810,000
- Deposit, UAE resident (20%)
- AED 362,000
- Deposit, non-resident (40%)
- AED 724,000
- Monthly over 25 years at 3.7%
- AED 7,405
Plus AED 81,030 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →