1116, MAG 318 Tower
Sold prices and rental history: sold once, by the developer in September 2020, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1116, MAG 318 Tower
What is 1116 worth today?
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Source: Dubai Land Department. Updated 26 December 2025.
Key facts
- Type
- Studio apartment
- Size
- 440 sqft
- Floor
- 11th of 22
- Parking
- P2-53
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 10,100 /yr
- Last sold
- AED 877K · September 2020
- Building
- MAG 318 Tower
About 1116, MAG 318 Tower
1116 is a studio of 440 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 7 September 2020 for AED 877,070, or AED 1,993 per sqft, 10% above the AED 1,804 studios in the building were fetching at the time.
It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, signed on 26 December 2025, is AED 73,000 a year: a gross yield of 8.3% on the 2020 price, before the service charge of about AED 10,100 a year.
Sales and rents for 1116 over time
1116 has sold once; the dashed line is the studio median of each year in the building.
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 1116 sits
All 316 studios →1116 last sold in September 2020 at AED 1,993 per sqft, 10% above what studios in MAG 318 Tower were fetching at the time (AED 1,804). 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. 1116's AED 73,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 22 Oct 202622 October 2026 | 432 sqft | 850,000 | 1,968 | ||
| 27 Aug 202627 August 2026 | 433 sqft | 920,000 | 2,125 | ||
| 7 Aug 20267 August 2026 | 440 sqft | 850,000 | 1,932 | ||
| 21 Jul 202621 July 2026 | 441 sqft | 850,000 | 1,926 |
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 | |
| 1114 | 2-bed | 1,045 sqft | AED 1.72MAED 1,721,874 · Jul 2021July 2021 | ||
| 1115 | Studio | 444 sqft | AED 900KAED 900,000 · Aug 2022August 2022 | ||
| 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 |
1116, MAG 318 Tower in numbers
- Sold once: by MAG on 7 September 2020 for AED 877,070, or AED 1,993 per sqft.
- Rented since June 2021 on 5 Ejari contracts, from AED 50,000 to AED 73,000 a year.
- At AED 73,000 a year the gross yield on the 2020 price is 8.3%, 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 26 December 2025.
Questions about 1116, MAG 318 Tower
What did unit 1116 last sell for?
AED 877,070 on 7 September 2020, sold by the developer: AED 1,993 per sqft for 440 sqft. It is the only registered sale of the unit.
What is the rent for unit 1116?
AED 73,000 a year on the contract signed on 26 December 2025. The previous contract, from December 2025, was AED 73,000; the unit has been rented since June 2021.
How big is unit 1116?
440 sqft (40.9 sqm): a studio on the 11th floor of a 22-storey tower completed in 2020.
What is unit 1116 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 1116, MAG 318 Tower
Starts from the last sale price (AED 877K, 7 September 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 877,070
- Deposit, UAE resident (20%)
- AED 175,414
- Deposit, non-resident (40%)
- AED 350,828
- Monthly over 25 years at 3.7%
- AED 3,588
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →