2-bed · 1,602 sqftMAG 318 Tower, Business Bay · 4th floor · completed 2020

408, 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 January 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 408 · DLD and Ejari recordsUpdated 13 January 2022

Last soldAED 1.03M13 January 2022

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Today's valuefree after one verification

Property timeline for 408, MAG 318 Tower

Today

What is 408 worth today?

Last sold for AED 1,025,000 in 2022

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13 Jan 2022

13 Jan 2022Sold by developerReady

AED 1,025,000AED 639 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 13 January 2022.

Key facts

Type: 2-bed apartment
Size: 1,602 sqft
Floor: 4th of 22
Parking: P3-66 , P3-81
Developer: MAG
Completed: 2020
Service charge: AED 36,900 /yr
Last sold: AED 1.03M · January 2022
Building: MAG 318 Tower

About 408, MAG 318 Tower

408 is a two-bedroom apartment of 1,602 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 13 January 2022 for AED 1,025,000, or AED 639 per sqft, 61% below the AED 1,646 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 408 over time

Sales

Unit 408, each saleTypical two-bed in MAG 318 Tower

408 has sold once; the dashed line is the two-bed median of each year in the building.

Rents

Unit 408, each contractTypical two-bed in MAG 318 Tower

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in MAG 318 Tower, and where 408 sits

All 73 2-beds →

2-beds in MAG 318 Tower · last 12 months2,068 /sqft MAG 318 Tower · all types2,457 /sqft

408 last sold in January 2022 at AED 639 per sqft, 61% below what two-beds in MAG 318 Tower were fetching at the time (AED 1,646). Over the last 12 months two-beds sold for AED 2,000,000, around AED 2,068 per sqft, and rent for AED 85,000 to 160,000 a year.

Recent 2-bed sales	Size	Price (AED)	Per sqft
12 Feb 202612 February 2026	967 sqft	2,000,000	2,068
21 Jul 202521 July 2025	966 sqft	2,255,000	2,334
11 Apr 202511 April 2025	966 sqft	2,050,000	2,122
18 Mar 202518 March 2025	1,043 sqft	2,000,000	1,917

1 2-bed sale 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
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
407	1-bed	876 sqft	AED 1.81MAED 1,810,000 · Apr 2021April 2021	120,000 /yr
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

408, MAG 318 Tower in numbers

Sold once: by MAG on 13 January 2022 for AED 1,025,000, or AED 639 per sqft.
Two-beds in MAG 318 Tower sold for AED 2,000,000–2,000,000 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 January 2022.

Questions about 408, MAG 318 Tower

What did unit 408 last sell for?

AED 1,025,000 on 13 January 2022, sold by the developer: AED 639 per sqft for 1,602 sqft. It is the only registered sale of the unit.

How big is unit 408?

1,602 sqft (148.8 sqm): a two-bedroom apartment on the 4th floor of a 22-storey tower completed in 2020.

What is unit 408 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in MAG 318 Tower sold for AED 2,000,000 to 2,000,000 in the last 12 months, around AED 2,068 per sqft.

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Mortgage on 408, MAG 318 Tower

Starts from the last sale price (AED 1.03M, 13 January 2022). Switch to today's estimate once you have unlocked it.

Price: AED 1,025,000
Deposit, UAE resident (20%): AED 205,000
Deposit, non-resident (40%): AED 410,000
Monthly over 25 years at 3.7%: AED 4,194

Plus AED 48,060 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →