1007, MAG 318 Tower
Sold prices and rental history: sold twice, last in January 2026, 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 1007, MAG 318 Tower
What is 1007 worth today?
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Source: Dubai Land Department. Updated 1 November 2026.
Key facts
- Type
- Studio apartment
- Size
- 432 sqft
- Floor
- 10th of 22
- Parking
- P2-25
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 10,000 /yr
- Last sold
- AED 1M · January 2026
- Building
- MAG 318 Tower
About 1007, MAG 318 Tower
1007 is a studio of 432 sqft on the 10th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. It last sold on 29 January 2026 for AED 1,000,000, or AED 2,316 per sqft, 6% below the AED 2,466 studios in the building were fetching at the time.
It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, signed on 1 November 2026, is AED 55,148 a year: a gross yield of 5.5% on the 2026 price, before the service charge of about AED 10,000 a year.
Sales and rents for 1007 over time
1007 has sold twice; the dashed line is the studio median of each year in the building.
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 1007 sits
All 316 studios →1007 last sold in January 2026 at AED 2,316 per sqft, 6% below what studios in MAG 318 Tower were fetching at the time (AED 2,466). Over the last 12 months studios sold for AED 850,000 to 1,160,000, around AED 2,387 per sqft, and rent for AED 50,000 to 120,000 a year. 1007's AED 55,148 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 22 Oct 202622 October 2026 | 432 sqft | 850,000 | 1,968 | ||
| 27 Aug 202627 August 2026 | 433 sqft | 920,000 | 2,125 | ||
| 7 Aug 20267 August 2026 | 440 sqft | 850,000 | 1,932 | ||
| 21 Jul 202621 July 2026 | 441 sqft | 850,000 | 1,926 |
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 78K /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 | |
| 1002 | 2-bed | 967 sqft | AED 1.85MAED 1,853,882 · Jan 2021January 2021 | 140,000 /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 | |
| 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 |
1007, MAG 318 Tower in numbers
- Sold twice: first on 17 April 2019 for AED 780,000, last on 29 January 2026 for AED 1,000,000 (AED 2,316 per sqft).
- Rented since October 2021 on 5 Ejari contracts, from AED 60,000 to AED 55,148 a year.
- At AED 55,148 a year the gross yield on the 2026 price is 5.5%, before a service charge of about AED 10,000 a year (AED 23.06 per sqft).
- Studios in MAG 318 Tower sold for AED 850,000–1,160,000 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 1 November 2026.
Questions about 1007, MAG 318 Tower
What did unit 1007 last sell for?
AED 1,000,000 on 29 January 2026: AED 2,316 per sqft for 432 sqft. The unit has 2 registered sales; the first was AED 780,000 in April 2019.
What is the rent for unit 1007?
AED 55,148 a year on the contract signed on 1 November 2026. The previous contract, from September 2025, was AED 72,000; the unit has been rented since October 2021.
How big is unit 1007?
432 sqft (40.1 sqm): a studio on the 10th floor of a 22-storey tower completed in 2020.
What is unit 1007 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 850,000 to 1,160,000 in the last 12 months, around AED 2,387 per sqft.
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Mortgage on 1007, MAG 318 Tower
Starts from the last sale price (AED 1M, 29 January 2026). Switch to today's estimate once you have unlocked it.- Price
- AED 1,000,000
- Deposit, UAE resident (20%)
- AED 200,000
- Deposit, non-resident (40%)
- AED 400,000
- Monthly over 25 years at 3.7%
- AED 4,091
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →