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Studio · 438 sqftMAG 318 Tower, Business Bay · 11th floor · completed 2020

1103, MAG 318 Tower

Sold prices and rental history: sold twice, last in May 2021, and rented continuously since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1103 · DLD and Ejari recordsUpdated 20 January 2026
Last soldAED 608K23 May 2021
Current rentAED 90K /yr20 January 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1103, MAG 318 Tower

What is 1103 worth today?

Last sold for AED 608,000 in 2021

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20 Jan 2026RentedRenewal
AED 90,000/yr12 months · AED 204 per sqft
20 Jan 2025RentedRenewal
AED 90,000/yr12 months · AED 204 per sqft
20 Jan 2024RentedNew contract
AED 90,000/yr12 months · AED 204 per sqft
18 Jan 2023RentedNew contract
AED 85,000/yr12 months · AED 193 per sqft
23 May 2021SoldReady
AED 608,000AED 1,387 per sqft
3 Apr 2019Sold by developerOff-plan
AED 773,295AED 1,765 per sqft

Source: Dubai Land Department. Updated 20 January 2026.

Key facts

Type
Studio apartment
Size
438 sqft
Floor
11th of 22
Parking
P2-41
Developer
MAG
Completed
2020
Service charge
AED 10,100 /yr
Last sold
AED 608K · May 2021
Building
MAG 318 Tower

About 1103, MAG 318 Tower

1103 is a studio of 438 sqft on the 11th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. It last sold on 23 May 2021 for AED 608,000, or AED 1,387 per sqft, 28% below the AED 1,926 studios in the building were fetching at the time.

It has been rented continuously since 2023 on 4 Ejari contracts. The current contract, renewed on 20 January 2026, is AED 90,000 a year: a gross yield of 14.8% on the 2021 price, before the service charge of about AED 10,100 a year.

Sales and rents for 1103 over time

Sales
Unit 1103, each saleTypical studio in MAG 318 Tower
750K1M2017202020232026Typical 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, April 2019: AED 773,295 (AED 1,765 per sqft)Sold, May 2021: AED 608,000 (AED 1,387 per sqft)

1103 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 1103, each contractTypical studio in MAG 318 Tower
60K80K2021202320252027Typical 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, January 2023: AED 85,000 a yearNew contract, January 2024: AED 90,000 a yearRenewal, January 2025: AED 90,000 a yearRenewal, January 2026: AED 90,000 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 1103 sits

All 316 studios →

1103 last sold in May 2021 at AED 1,387 per sqft, 28% below what studios in MAG 318 Tower were fetching at the time (AED 1,926). 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. 1103's AED 90,000 is in the upper 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 11th floor

All 439 units in MAG 318 Tower
Value
11011-bedAED 1.51M · Sep 2018
11022-bedAED 1.72M · Nov 2020
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

1103, MAG 318 Tower in numbers

  • Sold twice: first on 3 April 2019 for AED 773,295, last on 23 May 2021 for AED 608,000 (AED 1,387 per sqft).
  • Rented since January 2023 on 4 Ejari contracts, from AED 85,000 to AED 90,000 a year.
  • At AED 90,000 a year the gross yield on the 2021 price is 14.8%, 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 20 January 2026.

Questions about 1103, MAG 318 Tower

What did unit 1103 last sell for?

AED 608,000 on 23 May 2021: AED 1,387 per sqft for 438 sqft. The unit has 2 registered sales; the first was AED 773,295 in April 2019.

What is the rent for unit 1103?

AED 90,000 a year on the contract renewed on 20 January 2026. The previous contract, from January 2025, was AED 90,000; the unit has been rented since January 2023.

How big is unit 1103?

438 sqft (40.7 sqm): a studio on the 11th floor of a 22-storey tower completed in 2020.

What is unit 1103 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 1103, MAG 318 Tower

Starts from the last sale price (AED 608K, 23 May 2021). Switch to today's estimate once you have unlocked it.
Price
AED 608,000
Deposit, UAE resident (20%)
AED 121,600
Deposit, non-resident (40%)
AED 243,200
Monthly over 25 years at 3.7%
AED 2,488

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