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1-bed · 819 sqftMAG 318 Tower, Business Bay · 11th floor · completed 2020

1101, MAG 318 Tower

Sold prices and rental history: sold once, by the developer in September 2018, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1101 · DLD and Ejari recordsUpdated 20 April 2026
Last soldAED 1.51M18 September 2018
Current rentAED 95K /yr20 April 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1101, MAG 318 Tower

What is 1101 worth today?

Last sold for AED 1,511,872 in 2018

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20 Apr 2026RentedRenewal
AED 95,000/yr12 months · AED 116 per sqft
20 Apr 2025RentedNew contract
AED 125,000/yr12 months · AED 153 per sqft
5 Sep 2021RentedNew contract
AED 80,000/yr12 months · AED 98 per sqft
18 Sep 2018Sold by developerOff-plan
AED 1,511,872AED 1,845 per sqft

Source: Dubai Land Department. Updated 20 April 2026.

Key facts

Type
1-bed apartment
Size
819 sqft
Floor
11th of 22
Parking
P2-40
Developer
MAG
Completed
2020
Service charge
AED 18,900 /yr
Last sold
AED 1.51M · September 2018
Building
MAG 318 Tower

About 1101, MAG 318 Tower

1101 is a one-bedroom apartment of 819 sqft on the 11th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. The developer sold it on 18 September 2018 for AED 1,511,872, or AED 1,845 per sqft, in line with the AED 1,822 one-beds in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, renewed on 20 April 2026, is AED 95,000 a year: a gross yield of 6.3% on the 2018 price, before the service charge of about AED 18,900 a year.

Sales and rents for 1101 over time

Sales
Unit 1101, each saleTypical one-bed in MAG 318 Tower
1.5M2M2018202120242027Typical sale price by year: 2018 AED 1,486,232; 2019 AED 1,462,000; 2020 AED 2,050,000; 2021 AED 1,594,787; 2026 AED 1,732,516Sold by developer, September 2018: AED 1,511,872 (AED 1,845 per sqft)

1101 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1101, each contractTypical one-bed in MAG 318 Tower
75K100K125K2021202320252027Typical rent by year: 2021 AED 83,000; 2022 AED 95,000; 2023 AED 105,000; 2024 AED 120,000; 2025 AED 120,000; 2026 AED 95,000New contract, September 2021: AED 80,000 a yearNew contract, April 2025: AED 125,000 a yearRenewal, April 2026: AED 95,000 a year

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

1-beds in MAG 318 Tower, and where 1101 sits

All 48 1-beds →

1101 last sold in September 2018 at AED 1,845 per sqft, in line with what one-beds in MAG 318 Tower were fetching at the time (AED 1,822). Over the last 12 months one-beds sold for AED 1,710,000 to 1,750,000, around AED 1,763 per sqft, and rent for AED 79,500 to 135,000 a year. 1101's AED 95,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
27 Jul 20261,732,516
1 Jul 20261,750,000
22 Jan 20261,710,000
18 Sep 20251,570,000
3 1-bed 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 11th floor

All 439 units in MAG 318 Tower
Value
11022-bedAED 1.72M · Nov 2020
1103StudioAED 608K · May 2021
1104StudioAED 608K · May 2021
1105StudioAED 1.08M · Dec 2020
1106StudioAED 900K · Dec 2022
1107StudioAED 818K · Jun 2020
1108StudioAED 1.04M · Jan 2025
1–7 of 23

1101, MAG 318 Tower in numbers

  • Sold once: by MAG on 18 September 2018 for AED 1,511,872, or AED 1,845 per sqft.
  • Rented since September 2021 on 3 Ejari contracts, from AED 80,000 to AED 95,000 a year.
  • At AED 95,000 a year the gross yield on the 2018 price is 6.3%, before a service charge of about AED 18,900 a year (AED 23.06 per sqft).
  • One-beds in MAG 318 Tower sold for AED 1,710,000–1,750,000 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 20 April 2026.

Questions about 1101, MAG 318 Tower

What did unit 1101 last sell for?

AED 1,511,872 on 18 September 2018, sold by the developer: AED 1,845 per sqft for 819 sqft. It is the only registered sale of the unit.

What is the rent for unit 1101?

AED 95,000 a year on the contract renewed on 20 April 2026. The previous contract, from April 2025, was AED 125,000; the unit has been rented since September 2021.

How big is unit 1101?

819 sqft (76.1 sqm): a one-bedroom apartment on the 11th floor of a 22-storey tower completed in 2020.

What is unit 1101 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in MAG 318 Tower sold for AED 1,710,000 to 1,750,000 in the last 12 months, around AED 1,763 per sqft.

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Mortgage on 1101, MAG 318 Tower

Starts from the last sale price (AED 1.51M, 18 September 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,511,872
Deposit, UAE resident (20%)
AED 302,374
Deposit, non-resident (40%)
AED 604,749
Monthly over 25 years at 3.7%
AED 6,186

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