1-bed · 982 sqftMAG 318 Tower, Business Bay · 11th floor · completed 2020

1113, MAG 318 Tower

Sold prices and rental history: sold twice, last in July 2026, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1113 · DLD and Ejari recordsUpdated 27 July 2026
Last soldAED 1.73M27 July 2026
Current rentAED 135K /yr25 January 2026
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1113, MAG 318 Tower

What is 1113 worth today?

Last sold for AED 1,732,516 in 2026

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27 Jul 2026SoldReady
AED 1,732,516AED 1,763 per sqft
25 Jan 2026RentedRenewal
AED 135,000/yr12 months · AED 137 per sqft
25 Jan 2025RentedNew contract
AED 135,000/yr12 months · AED 137 per sqft
25 Jan 2024RentedRenewal
AED 104,500/yr12 months · AED 106 per sqft
25 Jan 2023RentedRenewal
AED 95,000/yr12 months · AED 97 per sqft
25 Jan 2022RentedNew contract
AED 90,000/yr12 months · AED 92 per sqft
24 May 2021RentedNew contract
AED 80,000/yr12 months · AED 81 per sqft
6 Jan 2021Sold by developerReady
AED 1,713,735AED 1,744 per sqft

Source: Dubai Land Department. Updated 27 July 2026.

Key facts

Type
1-bed apartment
Size
982 sqft
Floor
11th of 22
Parking
P2-50
Developer
MAG
Completed
2020
Service charge
AED 22,700 /yr
Last sold
AED 1.73M · July 2026

About 1113, MAG 318 Tower

1113 is a one-bedroom apartment of 982 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 27 July 2026 for AED 1,732,516, or AED 1,763 per sqft, 4% below the AED 1,840 one-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 6 Ejari contracts. The current contract, renewed on 25 January 2026, is AED 135,000 a year: a gross yield of 7.8% on the 2026 price, before the service charge of about AED 22,700 a year.

Sales and rents for 1113 over time

Sales
Unit 1113, 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, January 2021: AED 1,713,735 (AED 1,744 per sqft)Sold, July 2026: AED 1,732,516 (AED 1,763 per sqft)

1113 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1113, 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, May 2021: AED 80,000 a yearNew contract, January 2022: AED 90,000 a yearRenewal, January 2023: AED 95,000 a yearRenewal, January 2024: AED 104,500 a yearNew contract, January 2025: AED 135,000 a yearRenewal, January 2026: AED 135,000 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 1113 sits

All 48 1-beds →

1113 last sold in July 2026 at AED 1,763 per sqft, 4% below what one-beds in MAG 318 Tower were fetching at the time (AED 1,840). 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. 1113's AED 135,000 is at the top of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
1 Jul 20261,750,000
22 Jan 20261,710,000
18 Sep 20251,570,000
14 Apr 20251,800,000
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
11011-bedAED 1.51M · Sep 2018
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
1–7 of 23

1113, MAG 318 Tower in numbers

  • Sold twice: first on 6 January 2021 for AED 1,713,735, last on 27 July 2026 for AED 1,732,516 (AED 1,763 per sqft).
  • Rented since May 2021 on 6 Ejari contracts, from AED 80,000 to AED 135,000 a year.
  • At AED 135,000 a year the gross yield on the 2026 price is 7.8%, before a service charge of about AED 22,700 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 27 July 2026.

Questions about 1113, MAG 318 Tower

What did unit 1113 last sell for?

AED 1,732,516 on 27 July 2026: AED 1,763 per sqft for 982 sqft. The unit has 2 registered sales; the first was AED 1,713,735 in January 2021.

What is the rent for unit 1113?

AED 135,000 a year on the contract renewed on 25 January 2026. The previous contract, from January 2025, was AED 135,000; the unit has been rented since May 2021.

How big is unit 1113?

982 sqft (91.2 sqm): a one-bedroom apartment on the 11th floor of a 22-storey tower completed in 2020.

What is unit 1113 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 1113, MAG 318 Tower

Starts from the last sale price (AED 1.73M, 27 July 2026). Switch to today's estimate once you have unlocked it.
Price
AED 1,732,516
Deposit, UAE resident (20%)
AED 346,503
Deposit, non-resident (40%)
AED 693,006
Monthly over 25 years at 3.7%
AED 7,088

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