Home
Dubai prices
About
Research
Studio · 446 sqftMAG 318 Tower, Business Bay · 11th floor · completed 2020

1123, MAG 318 Tower

Sold prices and rental history: sold 3 times, last in May 2025, and rented since 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1123 · DLD and Ejari recordsUpdated 25 January 2026
Last soldAED 1.05M18 May 2025
Current rentAED 80K /yr25 January 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 1123

Property timeline for 1123, MAG 318 Tower

What is 1123 worth today?

Last sold for AED 1,050,000 in 2025

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

25 Jan 2026RentedNew contract
AED 80,000/yr12 months · AED 179 per sqft
10 Jun 2025RentedNew contract
AED 80,000/yr12 months · AED 179 per sqft
18 May 2025SoldReady
AED 1,050,000AED 2,352 per sqft
2 Mar 2022SoldReady
AED 810,000AED 1,814 per sqft
12 Dec 2018Sold by developerOff-plan
AED 785,612AED 1,759 per sqft

Source: Dubai Land Department. Updated 25 January 2026.

Key facts

Type
Studio apartment
Size
446 sqft
Floor
11th of 22
Parking
P2-60
Developer
MAG
Completed
2020
Service charge
AED 10,300 /yr
Last sold
AED 1.05M · May 2025
Building
MAG 318 Tower

About 1123, MAG 318 Tower

1123 is a studio of 446 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 18 May 2025 for AED 1,050,000, or AED 2,352 per sqft, in line with the AED 2,418 studios in the building were fetching at the time.

It has been rented since 2025 on 2 Ejari contracts. The current contract, signed on 25 January 2026, is AED 80,000 a year: a gross yield of 7.6% on the 2025 price, before the service charge of about AED 10,300 a year.

Sales and rents for 1123 over time

Sales
Unit 1123, 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 1,759 per sqft)Sold, March 2022: AED 810,000 (AED 1,814 per sqft)Sold, May 2025: AED 1,050,000 (AED 2,352 per sqft)

1123 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 1123, 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 2025: AED 80,000 a yearNew contract, January 2026: AED 80,000 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 1123 sits

All 316 studios →

1123 last sold in May 2025 at AED 2,352 per sqft, in line with what studios in MAG 318 Tower were fetching at the time (AED 2,418). 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. 1123's AED 80,000 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

1123, MAG 318 Tower in numbers

  • Sold 3 times: first on 12 December 2018 for AED 785,612, last on 18 May 2025 for AED 1,050,000 (AED 2,352 per sqft).
  • Rented since June 2025 on 2 Ejari contracts, at AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2025 price is 7.6%, before a service charge of about AED 10,300 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 January 2026.

Questions about 1123, MAG 318 Tower

What did unit 1123 last sell for?

AED 1,050,000 on 18 May 2025: AED 2,352 per sqft for 446 sqft. The unit has 3 registered sales; the first was AED 785,612 in December 2018.

What is the rent for unit 1123?

AED 80,000 a year on the contract signed on 25 January 2026. The previous contract, from June 2025, was AED 80,000.

How big is unit 1123?

446 sqft (41.4 sqm): a studio on the 11th floor of a 22-storey tower completed in 2020.

What is unit 1123 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.

Selling 1123? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 1123, MAG 318 Tower

Starts from the last sale price (AED 1.05M, 18 May 2025). Switch to today's estimate once you have unlocked it.
Price
AED 1,050,000
Deposit, UAE resident (20%)
AED 210,000
Deposit, non-resident (40%)
AED 420,000
Monthly over 25 years at 3.7%
AED 4,296

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