1002, MAG 318 Tower
Sold prices and rental history: sold once, by the developer in January 2021, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1002, MAG 318 Tower
What is 1002 worth today?
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Source: Dubai Land Department. Updated 10 October 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 967 sqft
- Floor
- 10th of 22
- Parking
- P2-67 , P2-82
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 22,300 /yr
- Last sold
- AED 1.85M · January 2021
- Building
- MAG 318 Tower
About 1002, MAG 318 Tower
1002 is a two-bedroom apartment of 967 sqft on the 10th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. The developer sold it on 6 January 2021 for AED 1,853,882, or AED 1,917 per sqft, 11% below the AED 2,160 two-beds in the building were fetching at the time.
It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, signed on 10 October 2025, is AED 140,000 a year: a gross yield of 7.5% on the 2021 price, before the service charge of about AED 22,300 a year.
Sales and rents for 1002 over time
1002 has sold once; the dashed line is the two-bed median of each year in the building.
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 1002 sits
All 75 2-beds →1002 last sold in January 2021 at AED 1,917 per sqft, 11% below what two-beds in MAG 318 Tower were fetching at the time (AED 2,160). Over the last 12 months two-beds sold for AED 2,000,000 to 2,800,000, around AED 2,068 per sqft, and rent for AED 85,000 to 166,000 a year. 1002's AED 140,000 is in the upper half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 16 Sep 202616 September 2026 | 967 sqft | 2,000,000 | 2,069 | ||
| 14 Sep 202614 September 2026 | 1,602 sqft | 2,800,000 | 1,747 | ||
| 12 Feb 202612 February 2026 | 967 sqft | 2,000,000 | 2,068 | ||
| 29 Aug 202529 August 2025 | 1,043 sqft | 2,250,000 | 2,156 |
MAG 318 Tower
Building439 apartments, studios to 2-bed over 22 floors in Business Bay, completed in 2020 by MAG. 27 sold in the last 12 months.
- Typical price per sqft
- AED 2,286 Down 5.7%
- Typical sale
- AED 1.08M
- Typical rent
- AED 79K /yr
- Typical yield
- 6.1%
Other units on the 10th floor
All 439 units in MAG 318 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1001 | 1-bed | 819 sqft | AED 1.53MAED 1,526,940 · Jan 2021January 2021 | 90,000 /yr | |
| 1003 | Studio | 438 sqft | AED 760KAED 760,000 · Feb 2019February 2019 | 57,000 /yr | |
| 1004 | Studio | 433 sqft | AED 760KAED 760,000 · Jul 2021July 2021 | 70,000 /yr | |
| 1005 | Studio | 432 sqft | AED 775KAED 775,000 · Apr 2019April 2019 | 54,000 /yr | |
| 1006 | Studio | 433 sqft | AED 760KAED 760,000 · May 2019May 2019 | 65,000 /yr | |
| 1007 | Studio | 432 sqft | AED 1MAED 1,000,000 · Jan 2026January 2026 | 55,148 /yr | |
| 1008 | Studio | 433 sqft | AED 780KAED 780,000 · Apr 2019April 2019 | 75,000 /yr | |
| 1009 | Studio | 433 sqft | AED 1MAED 1,000,000 · Nov 2023November 2023 | 68,000 /yr | |
| 1010 | Studio | 432 sqft | AED 950KAED 950,000 · Jan 2024January 2024 | 62,000 /yr | |
| 1011 | Studio | 436 sqft | AED 1.01MAED 1,010,000 · Aug 2024August 2024 | 57,000 /yr | |
| 1012 | 2-bed | 966 sqft | AED 2.25MAED 2,250,000 · Dec 2020December 2020 | 160,000 /yr | |
| 1013 | 1-bed | 982 sqft | AED 2.05MAED 2,050,000 · Dec 2020December 2020 | 100,000 /yr | |
| 1014 | 2-bed | 1,045 sqft | AED 2.3MAED 2,300,000 · Dec 2020December 2020 | 150,000 /yr | |
| 1015 | Studio | 444 sqft | AED 745KAED 745,000 · Nov 2021November 2021 | ||
| 1016 | Studio | 440 sqft | AED 832KAED 832,291 · Apr 2019April 2019 | 72,194 /yr | |
| 1017 | Studio | 441 sqft | AED 1.1MAED 1,100,000 · Oct 2025October 2025 | 96,000 /yr | |
| 1018 | Studio | 441 sqft | AED 550KAED 550,000 · Aug 2021August 2021 | 68,000 /yr | |
| 1019 | Studio | 440 sqft | AED 790KAED 790,000 · Dec 2018December 2018 | ||
| 1020 | Studio | 441 sqft | AED 960KAED 960,000 · Aug 2023August 2023 | 48,000 /yr | |
| 1021 | Studio | 440 sqft | AED 850KAED 850,000 · Aug 2026August 2026 | 75,000 /yr | |
| 1022 | Studio | 441 sqft | AED 810KAED 810,000 · Oct 2018October 2018 | 90,000 /yr | |
| 1023 | Studio | 446 sqft | AED 1.04MAED 1,040,000 · Nov 2024November 2024 | 60,000 /yr | |
| 1024 | 2-bed | 1,043 sqft | AED 2.14MAED 2,144,295 · Jan 2021January 2021 | 120,000 /yr |
1002, MAG 318 Tower in numbers
- Sold once: by MAG on 6 January 2021 for AED 1,853,882, or AED 1,917 per sqft.
- Rented since June 2021 on 5 Ejari contracts, from AED 100,000 to AED 140,000 a year.
- At AED 140,000 a year the gross yield on the 2021 price is 7.5%, before a service charge of about AED 22,300 a year (AED 23.06 per sqft).
- Two-beds in MAG 318 Tower sold for AED 2,000,000–2,800,000 in the 12 months to November 2026; the building's median across all types is AED 2,286 per sqft.
Source: Dubai Land Department. Updated 10 October 2025.
Questions about 1002, MAG 318 Tower
What did unit 1002 last sell for?
AED 1,853,882 on 6 January 2021, sold by the developer: AED 1,917 per sqft for 967 sqft. It is the only registered sale of the unit.
What is the rent for unit 1002?
AED 140,000 a year on the contract signed on 10 October 2025. The previous contract, from October 2024, was AED 140,000; the unit has been rented since June 2021.
How big is unit 1002?
967 sqft (89.8 sqm): a two-bedroom apartment on the 10th floor of a 22-storey tower completed in 2020.
What is unit 1002 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 2,800,000 in the last 12 months, around AED 2,068 per sqft.
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Mortgage on 1002, MAG 318 Tower
Starts from the last sale price (AED 1.85M, 6 January 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 1,853,882
- Deposit, UAE resident (20%)
- AED 370,776
- Deposit, non-resident (40%)
- AED 741,553
- Monthly over 25 years at 3.7%
- AED 7,585
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →