Home
Dubai prices
About
Research
Studio · 436 sqftMAG 318 Tower, Business Bay · 10th floor · completed 2020

1011, MAG 318 Tower

Sold prices and rental history: sold twice, last in August 2024, and rented once, from October 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1011 · DLD and Ejari recordsUpdated 9 October 2026
Last soldAED 1.01M5 August 2024
Current rentAED 57K /yr9 October 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 1011

Property timeline for 1011, MAG 318 Tower

What is 1011 worth today?

Last sold for AED 1,010,000 in 2024

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

9 Oct 2026RentedNew contract
AED 57,000/yr12 months · AED 129 per sqft
5 Aug 2024SoldReady
AED 1,010,000AED 2,316 per sqft
3 Jul 2019Sold by developerOff-plan
AED 780,000AED 1,789 per sqft

Source: Dubai Land Department. Updated 9 October 2026.

Key facts

Type
Studio apartment
Size
436 sqft
Floor
10th of 22
Parking
P2-29
Developer
MAG
Completed
2020
Service charge
AED 10,100 /yr
Last sold
AED 1.01M · August 2024
Building
MAG 318 Tower

About 1011, MAG 318 Tower

1011 is a studio of 436 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 5 August 2024 for AED 1,010,000, or AED 2,316 per sqft, in line with the AED 2,270 studios in the building were fetching at the time.

One Ejari contract is registered, from 9 October 2026. The current contract, signed on 9 October 2026, is AED 57,000 a year: a gross yield of 5.6% on the 2024 price, before the service charge of about AED 10,100 a year.

Sales and rents for 1011 over time

Sales
Unit 1011, each saleTypical studio in MAG 318 Tower
800K1M2017202020232026Typical sale price by year: 2017 AED 776,165; 2018 AED 787,488; 2019 AED 791,651; 2020 AED 870,514; 2021 AED 750,000; 2022 AED 850,000; 2023 AED 945,000; 2024 AED 1,030,000; 2025 AED 1,077,500; 2026 AED 995,000Sold by developer, July 2019: AED 780,000 (AED 1,789 per sqft)Sold, August 2024: AED 1,010,000 (AED 2,316 per sqft)

1011 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 1011, each contractTypical studio in MAG 318 Tower
60K2021202320252027Typical rent by year: 2021 AED 52,000; 2022 AED 64,465; 2023 AED 70,000; 2024 AED 75,000; 2025 AED 75,000; 2026 AED 60,000New contract, October 2026: AED 57,000 a year

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 1011 sits

All 316 studios →

1011 last sold in August 2024 at AED 2,316 per sqft, in line with what studios in MAG 318 Tower were fetching at the time (AED 2,270). 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. 1011's AED 57,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
22 Oct 2026850,000
27 Aug 2026920,000
7 Aug 2026850,000
21 Jul 2026850,000
21 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. 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%
MAG 318 Tower, Business Bay: prices, sales and rents →

Other units on the 10th floor

All 439 units in MAG 318 Tower
Value
10011-bedAED 1.53M · Jan 2021
10022-bedAED 1.85M · Jan 2021
1003StudioAED 760K · Feb 2019
1004StudioAED 760K · Jul 2021
1005StudioAED 775K · Apr 2019
1006StudioAED 760K · May 2019
1007StudioAED 1M · Jan 2026
1–7 of 23

1011, MAG 318 Tower in numbers

  • Sold twice: first on 3 July 2019 for AED 780,000, last on 5 August 2024 for AED 1,010,000 (AED 2,316 per sqft).
  • Rented since October 2026 on one Ejari contract, at AED 57,000 a year.
  • At AED 57,000 a year the gross yield on the 2024 price is 5.6%, before a service charge of about AED 10,100 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 9 October 2026.

Questions about 1011, MAG 318 Tower

What did unit 1011 last sell for?

AED 1,010,000 on 5 August 2024: AED 2,316 per sqft for 436 sqft. The unit has 2 registered sales; the first was AED 780,000 in July 2019.

What is the rent for unit 1011?

AED 57,000 a year on the contract signed on 9 October 2026.

How big is unit 1011?

436 sqft (40.5 sqm): a studio on the 10th floor of a 22-storey tower completed in 2020.

What is unit 1011 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.

Selling 1011? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 1011, MAG 318 Tower

Starts from the last sale price (AED 1.01M, 5 August 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,010,000
Deposit, UAE resident (20%)
AED 202,000
Deposit, non-resident (40%)
AED 404,000
Monthly over 25 years at 3.7%
AED 4,132

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →