1122, MAG 318 Tower
Sold prices and rental history: sold once, by the developer in September 2020, 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 1122, MAG 318 Tower
What is 1122 worth today?
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Source: Dubai Land Department. Updated 3 September 2020.
Key facts
- Type
- Studio apartment
- Size
- 441 sqft
- Floor
- 11th of 22
- Parking
- P2-59
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 10,200 /yr
- Last sold
- AED 825K · September 2020
- Building
- MAG 318 Tower
About 1122, MAG 318 Tower
1122 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 3 September 2020 for AED 825,182, or AED 1,870 per sqft, 4% above the AED 1,802 studios in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 1122 over time
1122 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 1122 sits
All 316 studios →1122 last sold in September 2020 at AED 1,870 per sqft, 4% above what studios in MAG 318 Tower were fetching at the time (AED 1,802). 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.
| 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 | |
| 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 | |
| 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 |
1122, MAG 318 Tower in numbers
- Sold once: by MAG on 3 September 2020 for AED 825,182, or AED 1,870 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 3 September 2020.
Questions about 1122, MAG 318 Tower
What did unit 1122 last sell for?
AED 825,182 on 3 September 2020, sold by the developer: AED 1,870 per sqft for 441 sqft. It is the only registered sale of the unit.
How big is unit 1122?
441 sqft (41.0 sqm): a studio on the 11th floor of a 22-storey tower completed in 2020.
What is unit 1122 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 1122, MAG 318 Tower
Starts from the last sale price (AED 825K, 3 September 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 825,182
- Deposit, UAE resident (20%)
- AED 165,036
- Deposit, non-resident (40%)
- AED 330,073
- Monthly over 25 years at 3.7%
- AED 3,376
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →