1119, MAG 318 Tower
Sold prices and rental history: sold twice, last in October 2024, and rented continuously since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1119, MAG 318 Tower
What is 1119 worth today?
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Source: Dubai Land Department. Updated 1 November 2026.
Key facts
- Type
- Studio apartment
- Size
- 440 sqft
- Floor
- 11th of 22
- Parking
- P2-56
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 10,100 /yr
- Last sold
- AED 1.25M · October 2024
- Building
- MAG 318 Tower
About 1119, MAG 318 Tower
1119 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. It last sold on 15 October 2024 for AED 1,250,000, or AED 2,842 per sqft, 23% above the AED 2,311 studios in the building were fetching at the time.
It has been rented continuously since 2024 on 4 Ejari contracts. The current contract, renewed on 1 November 2026, is AED 80,000 a year: a gross yield of 6.4% on the 2024 price, before the service charge of about AED 10,100 a year.
Sales and rents for 1119 over time
1119 has sold twice; 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 1119 sits
All 316 studios →1119 last sold in October 2024 at AED 2,842 per sqft, 23% above what studios in MAG 318 Tower were fetching at the time (AED 2,311). 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. 1119's AED 80,000 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 | ||
| 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 | |
| 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 |
1119, MAG 318 Tower in numbers
- Sold twice: first on 13 January 2019 for AED 817,107, last on 15 October 2024 for AED 1,250,000 (AED 2,842 per sqft).
- Rented since October 2024 on 4 Ejari contracts. The rent fell from AED 78,000 to AED 60,000 in 2026 and recovered to AED 80,000 by November 2026.
- At AED 80,000 a year the gross yield on the 2024 price is 6.4%, 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 1 November 2026.
Questions about 1119, MAG 318 Tower
What did unit 1119 last sell for?
AED 1,250,000 on 15 October 2024: AED 2,842 per sqft for 440 sqft. The unit has 2 registered sales; the first was AED 817,107 in January 2019.
What is the rent for unit 1119?
AED 80,000 a year on the contract renewed on 1 November 2026. The previous contract, from May 2026, was AED 60,000; the unit has been rented since October 2024.
How big is unit 1119?
440 sqft (40.9 sqm): a studio on the 11th floor of a 22-storey tower completed in 2020.
What is unit 1119 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 1119, MAG 318 Tower
Starts from the last sale price (AED 1.25M, 15 October 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,250,000
- Deposit, UAE resident (20%)
- AED 250,000
- Deposit, non-resident (40%)
- AED 500,000
- Monthly over 25 years at 3.7%
- AED 5,114
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →