1114, MAG 318 Tower
Sold prices and rental history: sold once, by the developer in July 2021, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1114, MAG 318 Tower
What is 1114 worth today?
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Source: Dubai Land Department. Updated 5 July 2021.
Key facts
- Type
- 2-bed apartment
- Size
- 1,045 sqft
- Floor
- 11th of 22
- Parking
- P2-51
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 24,100 /yr
- Last sold
- AED 1.72M · July 2021
- Building
- MAG 318 Tower
About 1114, MAG 318 Tower
1114 is a two-bedroom apartment of 1,045 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 5 July 2021 for AED 1,721,874, or AED 1,647 per sqft, 23% below the AED 2,152 two-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 1114 over time
1114 has sold once; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in MAG 318 Tower, and where 1114 sits
All 75 2-beds →1114 last sold in July 2021 at AED 1,647 per sqft, 23% below what two-beds in MAG 318 Tower were fetching at the time (AED 2,152). Over the last 12 months two-beds sold for AED 2,000,000 to 2,800,000, around AED 2,068 per sqft, and rent for AED 85,000 to 166,000 a year.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 16 Sep 202616 September 2026 | 967 sqft | 2,000,000 | 2,069 | ||
| 14 Sep 202614 September 2026 | 1,602 sqft | 2,800,000 | 1,747 | ||
| 12 Feb 202612 February 2026 | 967 sqft | 2,000,000 | 2,068 | ||
| 29 Aug 202529 August 2025 | 1,043 sqft | 2,250,000 | 2,156 |
MAG 318 Tower
Building439 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%
Other units on the 11th floor
All 439 units in MAG 318 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1101 | 1-bed | 819 sqft | AED 1.51MAED 1,511,872 · Sep 2018September 2018 | 95,000 /yr | |
| 1102 | 2-bed | 967 sqft | AED 1.72MAED 1,717,100 · Nov 2020November 2020 | 130,000 /yr | |
| 1103 | Studio | 438 sqft | AED 608KAED 608,000 · May 2021May 2021 | 90,000 /yr | |
| 1104 | Studio | 433 sqft | AED 608KAED 608,000 · May 2021May 2021 | 80,000 /yr | |
| 1105 | Studio | 432 sqft | AED 1.08MAED 1,075,000 · Dec 2020December 2020 | 80,000 /yr | |
| 1106 | Studio | 433 sqft | AED 900KAED 900,000 · Dec 2022December 2022 | ||
| 1107 | Studio | 432 sqft | AED 818KAED 817,885 · Jun 2020June 2020 | 65,000 /yr | |
| 1108 | Studio | 433 sqft | AED 1.04MAED 1,040,000 · Jan 2025January 2025 | 55,000 /yr | |
| 1109 | Studio | 433 sqft | AED 1.1MAED 1,100,000 · Aug 2025August 2025 | 56,000 /yr | |
| 1110 | Studio | 432 sqft | AED 850KAED 850,000 · Oct 2026October 2026 | 108,000 /yr | |
| 1111 | Studio | 436 sqft | AED 880KAED 880,000 · Oct 2022October 2022 | 95,000 /yr | |
| 1112 | 2-bed | 966 sqft | AED 2.05MAED 2,050,000 · Apr 2025April 2025 | 137,500 /yr | |
| 1113 | 1-bed | 982 sqft | AED 1.73MAED 1,732,516 · Jul 2026July 2026 | 135,000 /yr | |
| 1115 | Studio | 444 sqft | AED 900KAED 900,000 · Aug 2022August 2022 | ||
| 1116 | Studio | 440 sqft | AED 877KAED 877,070 · Sep 2020September 2020 | 73,000 /yr | |
| 1117 | Studio | 441 sqft | AED 1.25MAED 1,250,000 · Feb 2025February 2025 | 72,000 /yr | |
| 1118 | Studio | 441 sqft | AED 786KAED 785,612 · Dec 2018December 2018 | 75,000 /yr | |
| 1119 | Studio | 440 sqft | AED 1.25MAED 1,250,000 · Oct 2024October 2024 | 80,000 /yr | |
| 1120 | Studio | 441 sqft | AED 895KAED 894,970 · Nov 2020November 2020 | 55,000 /yr | |
| 1121 | Studio | 440 sqft | AED 1.1MAED 1,100,000 · Dec 2022December 2022 | 82,000 /yr | |
| 1122 | Studio | 441 sqft | AED 825KAED 825,182 · Sep 2020September 2020 | ||
| 1123 | Studio | 446 sqft | AED 1.05MAED 1,050,000 · May 2025May 2025 | 80,000 /yr | |
| 1124 | 2-bed | 1,043 sqft | AED 2.3MAED 2,300,000 · Dec 2020December 2020 | 105,000 /yr |
1114, MAG 318 Tower in numbers
- Sold once: by MAG on 5 July 2021 for AED 1,721,874, or AED 1,647 per sqft.
- Two-beds in MAG 318 Tower sold for AED 2,000,000–2,800,000 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 5 July 2021.
Questions about 1114, MAG 318 Tower
What did unit 1114 last sell for?
AED 1,721,874 on 5 July 2021, sold by the developer: AED 1,647 per sqft for 1,045 sqft. It is the only registered sale of the unit.
How big is unit 1114?
1,045 sqft (97.1 sqm): a two-bedroom apartment on the 11th floor of a 22-storey tower completed in 2020.
What is unit 1114 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in MAG 318 Tower sold for AED 2,000,000 to 2,800,000 in the last 12 months, around AED 2,068 per sqft.
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Mortgage on 1114, MAG 318 Tower
Starts from the last sale price (AED 1.72M, 5 July 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 1,721,874
- Deposit, UAE resident (20%)
- AED 344,375
- Deposit, non-resident (40%)
- AED 688,750
- Monthly over 25 years at 3.7%
- AED 7,045
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →