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

1120, MAG 318 Tower

Name: Yalla Value Property Public Auction LLC
Address: Empire Heights, Office No. B-02-15, Floor P3, Business Bay, Dubai, AE
Telephone: +971585995901

Sold prices and rental history: sold once, by the developer in November 2020, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 1120 · DLD and Ejari recordsUpdated 29 September 2026

Last soldAED 895K23 November 2020

Current rentAED 55K /yr29 September 2026

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 1120, MAG 318 Tower

Today

What is 1120 worth today?

Last sold for AED 894,970 in 2020

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29 Sep 2026

29 Sep 2026RentedNew contract

AED 55,000/yr12 months · AED 125 per sqft

20 Jul 2025

20 Jul 2025RentedNew contract

AED 70,000/yr12 months · AED 159 per sqft

20 Jun 2025

20 Jun 2025RentedRenewal

AED 70,000/yr12 months · AED 159 per sqft

20 Jun 2024

20 Jun 2024RentedNew contract

AED 70,000/yr12 months · AED 159 per sqft

30 May 2023

30 May 2023RentedRenewal

AED 50,000/yr12 months · AED 113 per sqft

30 May 2022

30 May 2022RentedRenewal

AED 47,500/yr12 months · AED 108 per sqft

30 May 2021

30 May 2021RentedNew contract

AED 45,000/yr12 months · AED 102 per sqft

23 Nov 2020

23 Nov 2020Sold by developerOff-plan

AED 894,970AED 2,028 per sqft

Source: Dubai Land Department. Updated 29 September 2026.

Key facts

Type: Studio apartment
Size: 441 sqft
Floor: 11th of 22
Parking: P2-57
Developer: MAG
Completed: 2020
Service charge: AED 10,200 /yr
Last sold: AED 895K · November 2020
Building: MAG 318 Tower

About 1120, MAG 318 Tower

1120 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 23 November 2020 for AED 894,970, or AED 2,028 per sqft, 9% above the AED 1,868 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 7 Ejari contracts. The current contract, signed on 29 September 2026, is AED 55,000 a year: a gross yield of 6.2% on the 2020 price, before the service charge of about AED 10,200 a year.

Sales and rents for 1120 over time

Sales

Unit 1120, each saleTypical studio in MAG 318 Tower

1120 has sold once; the dashed line is the studio median of each year in the building.

Rents

Unit 1120, each contractTypical studio in MAG 318 Tower

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 1120 sits

All 316 studios →

Studios in MAG 318 Tower · last 12 months2,387 /sqft MAG 318 Tower · all types2,286 /sqft

1120 last sold in November 2020 at AED 2,028 per sqft, 9% above what studios in MAG 318 Tower were fetching at the time (AED 1,868). 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. 1120's AED 55,000 is in the lower half of that range.

Recent studio sales	Size	Price (AED)	Per sqft
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

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


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
1119	Studio	440 sqft	AED 1.25MAED 1,250,000 · Oct 2024October 2024	80,000 /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

1–7 of 23

1120, MAG 318 Tower in numbers

Sold once: by MAG on 23 November 2020 for AED 894,970, or AED 2,028 per sqft.
Rented since May 2021 on 7 Ejari contracts, from AED 45,000 to AED 55,000 a year.
At AED 55,000 a year the gross yield on the 2020 price is 6.2%, 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 29 September 2026.

Questions about 1120, MAG 318 Tower

What did unit 1120 last sell for?

AED 894,970 on 23 November 2020, sold by the developer: AED 2,028 per sqft for 441 sqft. It is the only registered sale of the unit.

What is the rent for unit 1120?

AED 55,000 a year on the contract signed on 29 September 2026. The previous contract, from July 2025, was AED 70,000; the unit has been rented since May 2021.

How big is unit 1120?

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

What is unit 1120 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 1120, MAG 318 Tower

Starts from the last sale price (AED 895K, 23 November 2020). Switch to today's estimate once you have unlocked it.

Price: AED 894,970
Deposit, UAE resident (20%): AED 178,994
Deposit, non-resident (40%): AED 357,988
Monthly over 25 years at 3.7%: AED 3,662

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