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Studio · 432 sqftMAG 318 Tower, Business Bay · 11th floor · completed 2020

1105, MAG 318 Tower

Sold prices and rental history: sold once, by the developer in December 2020, and rented since 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1105 · DLD and Ejari recordsUpdated 28 March 2026
Last soldAED 1.08M15 December 2020
Current rentAED 80K /yr28 March 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1105, MAG 318 Tower

What is 1105 worth today?

Last sold for AED 1,075,000 in 2020

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28 Mar 2026RentedRenewal
AED 80,000/yr12 months · AED 185 per sqft
28 Mar 2025RentedNew contract
AED 80,000/yr12 months · AED 185 per sqft
15 Dec 2020Sold by developerOff-plan
AED 1,075,000AED 2,490 per sqft

Source: Dubai Land Department. Updated 28 March 2026.

Key facts

Type
Studio apartment
Size
432 sqft
Floor
11th of 22
Parking
P2-43
Developer
MAG
Completed
2020
Service charge
AED 10,000 /yr
Last sold
AED 1.08M · December 2020
Building
MAG 318 Tower

About 1105, MAG 318 Tower

1105 is a studio of 432 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 15 December 2020 for AED 1,075,000, or AED 2,490 per sqft, 31% above the AED 1,894 studios in the building were fetching at the time.

It has been rented since 2025 on 2 Ejari contracts. The current contract, renewed on 28 March 2026, is AED 80,000 a year: a gross yield of 7.4% on the 2020 price, before the service charge of about AED 10,000 a year.

Sales and rents for 1105 over time

Sales
Unit 1105, 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, December 2020: AED 1,075,000 (AED 2,490 per sqft)

1105 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 1105, 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, March 2025: AED 80,000 a yearRenewal, March 2026: AED 80,000 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 1105 sits

All 316 studios →

1105 last sold in December 2020 at AED 2,490 per sqft, 31% above what studios in MAG 318 Tower were fetching at the time (AED 1,894). 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. 1105's AED 80,000 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 11th floor

All 439 units in MAG 318 Tower
Value
11011-bedAED 1.51M · Sep 2018
11022-bedAED 1.72M · Nov 2020
1103StudioAED 608K · May 2021
1104StudioAED 608K · May 2021
1106StudioAED 900K · Dec 2022
1107StudioAED 818K · Jun 2020
1108StudioAED 1.04M · Jan 2025
1–7 of 23

1105, MAG 318 Tower in numbers

  • Sold once: by MAG on 15 December 2020 for AED 1,075,000, or AED 2,490 per sqft.
  • Rented since March 2025 on 2 Ejari contracts, at AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2020 price is 7.4%, 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 28 March 2026.

Questions about 1105, MAG 318 Tower

What did unit 1105 last sell for?

AED 1,075,000 on 15 December 2020, sold by the developer: AED 2,490 per sqft for 432 sqft. It is the only registered sale of the unit.

What is the rent for unit 1105?

AED 80,000 a year on the contract renewed on 28 March 2026. The previous contract, from March 2025, was AED 80,000.

How big is unit 1105?

432 sqft (40.1 sqm): a studio on the 11th floor of a 22-storey tower completed in 2020.

What is unit 1105 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 1105, MAG 318 Tower

Starts from the last sale price (AED 1.08M, 15 December 2020). Switch to today's estimate once you have unlocked it.
Price
AED 1,075,000
Deposit, UAE resident (20%)
AED 215,000
Deposit, non-resident (40%)
AED 430,000
Monthly over 25 years at 3.7%
AED 4,398

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