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1-bed · 819 sqftMAG 318 Tower, Business Bay · 12th floor · completed 2020

1201, MAG 318 Tower

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

Unit 1201 · DLD and Ejari recordsUpdated 1 December 2025
Last soldAED 1.55M18 November 2021
Current rentAED 115K /yr1 December 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1201, MAG 318 Tower

What is 1201 worth today?

Last sold for AED 1,550,000 in 2021

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1 Dec 2025RentedNew contract
AED 115,000/yr12 months · AED 140 per sqft
1 Sep 2024RentedNew contract
AED 120,000/yr12 months · AED 147 per sqft
24 Jan 2023RentedNew contract
AED 120,000/yr12 months · AED 147 per sqft
2 Dec 2021RentedNew contract
AED 100,000/yr12 months · AED 122 per sqft
18 Nov 2021Sold by developerReady
AED 1,550,000AED 1,892 per sqft

Source: Dubai Land Department. Updated 1 December 2025.

Key facts

Type
1-bed apartment
Size
819 sqft
Floor
12th of 22
Parking
P2-62
Developer
MAG
Completed
2020
Service charge
AED 18,900 /yr
Last sold
AED 1.55M · November 2021
Building
MAG 318 Tower

About 1201, MAG 318 Tower

1201 is a one-bedroom apartment of 819 sqft on the 12th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. The developer sold it on 18 November 2021 for AED 1,550,000, or AED 1,892 per sqft, 9% below the AED 2,086 one-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, signed on 1 December 2025, is AED 115,000 a year: a gross yield of 7.4% on the 2021 price, before the service charge of about AED 18,900 a year.

Sales and rents for 1201 over time

Sales
Unit 1201, each saleTypical one-bed in MAG 318 Tower
1.5M2M2018202120242027Typical sale price by year: 2018 AED 1,486,232; 2019 AED 1,462,000; 2020 AED 2,050,000; 2021 AED 1,594,787; 2026 AED 1,732,516Sold by developer, November 2021: AED 1,550,000 (AED 1,892 per sqft)

1201 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1201, each contractTypical one-bed in MAG 318 Tower
80K100K120K2021202320252027Typical rent by year: 2021 AED 83,000; 2022 AED 95,000; 2023 AED 105,000; 2024 AED 120,000; 2025 AED 120,000; 2026 AED 95,000New contract, December 2021: AED 100,000 a yearNew contract, January 2023: AED 120,000 a yearNew contract, September 2024: AED 120,000 a yearNew contract, December 2025: AED 115,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in MAG 318 Tower, and where 1201 sits

All 48 1-beds →

1201 last sold in November 2021 at AED 1,892 per sqft, 9% below what one-beds in MAG 318 Tower were fetching at the time (AED 2,086). Over the last 12 months one-beds sold for AED 1,710,000 to 1,750,000, around AED 1,763 per sqft, and rent for AED 79,500 to 135,000 a year. 1201's AED 115,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
27 Jul 20261,732,516
1 Jul 20261,750,000
22 Jan 20261,710,000
18 Sep 20251,570,000
3 1-bed 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 12th floor

All 439 units in MAG 318 Tower
Value
12022-bedAED 2M · Feb 2026
1203StudioAED 840K · Mar 2023
1204StudioAED 454K · Feb 2021
1205StudioAED 515K · Sep 2025
1206StudioAED 765K · Oct 2020
1207StudioAED 792K · Mar 2018
1208StudioAED 758K · Feb 2021
1–7 of 23

1201, MAG 318 Tower in numbers

  • Sold once: by MAG on 18 November 2021 for AED 1,550,000, or AED 1,892 per sqft.
  • Rented since December 2021 on 4 Ejari contracts, from AED 100,000 to AED 115,000 a year.
  • At AED 115,000 a year the gross yield on the 2021 price is 7.4%, before a service charge of about AED 18,900 a year (AED 23.06 per sqft).
  • One-beds in MAG 318 Tower sold for AED 1,710,000–1,750,000 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 December 2025.

Questions about 1201, MAG 318 Tower

What did unit 1201 last sell for?

AED 1,550,000 on 18 November 2021, sold by the developer: AED 1,892 per sqft for 819 sqft. It is the only registered sale of the unit.

What is the rent for unit 1201?

AED 115,000 a year on the contract signed on 1 December 2025. The previous contract, from September 2024, was AED 120,000; the unit has been rented since December 2021.

How big is unit 1201?

819 sqft (76.1 sqm): a one-bedroom apartment on the 12th floor of a 22-storey tower completed in 2020.

What is unit 1201 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in MAG 318 Tower sold for AED 1,710,000 to 1,750,000 in the last 12 months, around AED 1,763 per sqft.

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Mortgage on 1201, MAG 318 Tower

Starts from the last sale price (AED 1.55M, 18 November 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,550,000
Deposit, UAE resident (20%)
AED 310,000
Deposit, non-resident (40%)
AED 620,000
Monthly over 25 years at 3.7%
AED 6,342

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