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Studio · 441 sqftMAG 318 Tower, Business Bay · 11th floor · completed 2020

1118, MAG 318 Tower

Sold prices and rental history: sold once, by the developer in December 2018, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1118 · DLD and Ejari recordsUpdated 25 June 2026
Last soldAED 786K6 December 2018
Current rentAED 75K /yr25 June 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1118, MAG 318 Tower

What is 1118 worth today?

Last sold for AED 785,612 in 2018

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25 Jun 2026RentedRenewal
AED 75,000/yr12 months · AED 170 per sqft
25 Jun 2025RentedRenewal
AED 77,380/yr12 months · AED 175 per sqft
26 Jun 2024RentedRenewal
AED 73,197/yr12 months · AED 166 per sqft
26 Jun 2023RentedRenewal
AED 68,250/yr12 months · AED 155 per sqft
25 Jun 2022RentedNew contract
AED 64,820/yr12 months · AED 147 per sqft
6 Dec 2018Sold by developerOff-plan
AED 785,612AED 1,780 per sqft

Source: Dubai Land Department. Updated 25 June 2026.

Key facts

Type
Studio apartment
Size
441 sqft
Floor
11th of 22
Parking
P2-55
Developer
MAG
Completed
2020
Service charge
AED 10,200 /yr
Last sold
AED 786K · December 2018
Building
MAG 318 Tower

About 1118, MAG 318 Tower

1118 is a studio of 441 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 6 December 2018 for AED 785,612, or AED 1,780 per sqft, in line with the AED 1,796 studios in the building were fetching at the time.

It has been rented continuously since 2022 on 5 Ejari contracts. The current contract, renewed on 25 June 2026, is AED 75,000 a year: a gross yield of 9.6% on the 2018 price, before the service charge of about AED 10,200 a year.

Sales and rents for 1118 over time

Sales
Unit 1118, 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 2018: AED 785,612 (AED 1,780 per sqft)

1118 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 1118, 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, June 2022: AED 64,820 a yearRenewal, June 2023: AED 68,250 a yearRenewal, June 2024: AED 73,197 a yearRenewal, June 2025: AED 77,380 a yearRenewal, June 2026: AED 75,000 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 1118 sits

All 316 studios →

1118 last sold in December 2018 at AED 1,780 per sqft, in line with what studios in MAG 318 Tower were fetching at the time (AED 1,796). 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. 1118's AED 75,000 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
1105StudioAED 1.08M · Dec 2020
1106StudioAED 900K · Dec 2022
1107StudioAED 818K · Jun 2020
1–7 of 23

1118, MAG 318 Tower in numbers

  • Sold once: by MAG on 6 December 2018 for AED 785,612, or AED 1,780 per sqft.
  • Rented since June 2022 on 5 Ejari contracts, from AED 64,820 to AED 75,000 a year.
  • At AED 75,000 a year the gross yield on the 2018 price is 9.6%, before a service charge of about AED 10,200 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 25 June 2026.

Questions about 1118, MAG 318 Tower

What did unit 1118 last sell for?

AED 785,612 on 6 December 2018, sold by the developer: AED 1,780 per sqft for 441 sqft. It is the only registered sale of the unit.

What is the rent for unit 1118?

AED 75,000 a year on the contract renewed on 25 June 2026. The previous contract, from June 2025, was AED 77,380; the unit has been rented since June 2022.

How big is unit 1118?

441 sqft (41.0 sqm): a studio on the 11th floor of a 22-storey tower completed in 2020.

What is unit 1118 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 1118, MAG 318 Tower

Starts from the last sale price (AED 786K, 6 December 2018). Switch to today's estimate once you have unlocked it.
Price
AED 785,612
Deposit, UAE resident (20%)
AED 157,122
Deposit, non-resident (40%)
AED 314,245
Monthly over 25 years at 3.7%
AED 3,214

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