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Studio · 440 sqftMAG 318 Tower, Business Bay · 10th floor · completed 2020

1021, MAG 318 Tower

Sold prices and rental history: sold twice, last in August 2026, and rented once, from July 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1021 · DLD and Ejari recordsUpdated 7 August 2026
Last soldAED 850K7 August 2026
Current rentAED 75K /yr1 July 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1021, MAG 318 Tower

What is 1021 worth today?

Last sold for AED 850,000 in 2026

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7 Aug 2026SoldReady
AED 850,000AED 1,932 per sqft
1 Jul 2025RentedNew contract
AED 75,000/yr12 months · AED 170 per sqft
24 Nov 2019Sold by developerOff-plan
AED 780,000AED 1,773 per sqft

Source: Dubai Land Department. Updated 7 August 2026.

Key facts

Type
Studio apartment
Size
440 sqft
Floor
10th of 22
Parking
P2-37
Developer
MAG
Completed
2020
Service charge
AED 10,100 /yr
Last sold
AED 850K · August 2026
Building
MAG 318 Tower

About 1021, MAG 318 Tower

1021 is a studio of 440 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 7 August 2026 for AED 850,000, or AED 1,932 per sqft, 20% below the AED 2,423 studios in the building were fetching at the time.

One Ejari contract is registered, from 1 July 2025. The current contract, signed on 1 July 2025, is AED 75,000 a year: a gross yield of 8.8% on the 2026 price, before the service charge of about AED 10,100 a year.

Sales and rents for 1021 over time

Sales
Unit 1021, 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, November 2019: AED 780,000 (AED 1,773 per sqft)Sold, August 2026: AED 850,000 (AED 1,932 per sqft)

1021 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 1021, 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, July 2025: AED 75,000 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 1021 sits

All 316 studios →

1021 last sold in August 2026 at AED 1,932 per sqft, 20% below what studios in MAG 318 Tower were fetching at the time (AED 2,423). 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. 1021's AED 75,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
22 Oct 2026850,000
27 Aug 2026920,000
21 Jul 2026850,000
20 Jul 20261,000,000
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

1021, MAG 318 Tower in numbers

  • Sold twice: first on 24 November 2019 for AED 780,000, last on 7 August 2026 for AED 850,000 (AED 1,932 per sqft).
  • Rented since July 2025 on one Ejari contract, at AED 75,000 a year.
  • At AED 75,000 a year the gross yield on the 2026 price is 8.8%, 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 7 August 2026.

Questions about 1021, MAG 318 Tower

What did unit 1021 last sell for?

AED 850,000 on 7 August 2026: AED 1,932 per sqft for 440 sqft. The unit has 2 registered sales; the first was AED 780,000 in November 2019.

What is the rent for unit 1021?

AED 75,000 a year on the contract signed on 1 July 2025.

How big is unit 1021?

440 sqft (40.9 sqm): a studio on the 10th floor of a 22-storey tower completed in 2020.

What is unit 1021 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 1021, MAG 318 Tower

Starts from the last sale price (AED 850K, 7 August 2026). Switch to today's estimate once you have unlocked it.
Price
AED 850,000
Deposit, UAE resident (20%)
AED 170,000
Deposit, non-resident (40%)
AED 340,000
Monthly over 25 years at 3.7%
AED 3,478

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