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Studio · 438 sqftMAG 318 Tower, Business Bay · 12th floor · completed 2020

1203, MAG 318 Tower

Sold prices and rental history: sold twice, last in March 2023, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1203 · DLD and Ejari recordsUpdated 1 October 2025
Last soldAED 840K14 March 2023
Current rentAED 75K /yr1 October 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1203, MAG 318 Tower

What is 1203 worth today?

Last sold for AED 840,000 in 2023

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1 Oct 2025RentedRenewal
AED 74,900/yr12 months · AED 171 per sqft
1 Oct 2024RentedRenewal
AED 71,400/yr12 months · AED 163 per sqft
1 Oct 2023RentedNew contract
AED 68,000/yr12 months · AED 155 per sqft
14 Mar 2023SoldReady
AED 840,000AED 1,917 per sqft
20 May 2019Sold by developerOff-plan
AED 799,000AED 1,823 per sqft

Source: Dubai Land Department. Updated 1 October 2025.

Key facts

Type
Studio apartment
Size
438 sqft
Floor
12th of 22
Parking
P2-73
Developer
MAG
Completed
2020
Service charge
AED 10,100 /yr
Last sold
AED 840K · March 2023
Building
MAG 318 Tower

About 1203, MAG 318 Tower

1203 is a studio of 438 sqft on the 12th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. It last sold on 14 March 2023 for AED 840,000, or AED 1,917 per sqft, 6% below the AED 2,029 studios in the building were fetching at the time.

It has been rented since 2023 on 3 Ejari contracts. The current contract, renewed on 1 October 2025, is AED 74,900 a year: a gross yield of 8.9% on the 2023 price, before the service charge of about AED 10,100 a year.

Sales and rents for 1203 over time

Sales
Unit 1203, 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, May 2019: AED 799,000 (AED 1,823 per sqft)Sold, March 2023: AED 840,000 (AED 1,917 per sqft)

1203 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 1203, each contractTypical studio in MAG 318 Tower
60K2021202320252027Typical 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, October 2023: AED 68,000 a yearRenewal, October 2024: AED 71,400 a yearRenewal, October 2025: AED 74,900 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 1203 sits

All 316 studios →

1203 last sold in March 2023 at AED 1,917 per sqft, 6% below what studios in MAG 318 Tower were fetching at the time (AED 2,029). 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. 1203's AED 74,900 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 12th floor

All 439 units in MAG 318 Tower
Value
12011-bedAED 1.55M · Nov 2021
12022-bedAED 2M · Feb 2026
1204StudioAED 454K · Feb 2021
1205StudioAED 515K · Sep 2025
1206StudioAED 765K · Oct 2020
1207StudioAED 792K · Mar 2018
1208StudioAED 758K · Feb 2021
1–7 of 23

1203, MAG 318 Tower in numbers

  • Sold twice: first on 20 May 2019 for AED 799,000, last on 14 March 2023 for AED 840,000 (AED 1,917 per sqft).
  • Rented since October 2023 on 3 Ejari contracts, from AED 68,000 to AED 74,900 a year.
  • At AED 74,900 a year the gross yield on the 2023 price is 8.9%, 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 October 2025.

Questions about 1203, MAG 318 Tower

What did unit 1203 last sell for?

AED 840,000 on 14 March 2023: AED 1,917 per sqft for 438 sqft. The unit has 2 registered sales; the first was AED 799,000 in May 2019.

What is the rent for unit 1203?

AED 74,900 a year on the contract renewed on 1 October 2025. The previous contract, from October 2024, was AED 71,400; the unit has been rented since October 2023.

How big is unit 1203?

438 sqft (40.7 sqm): a studio on the 12th floor of a 22-storey tower completed in 2020.

What is unit 1203 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 1203, MAG 318 Tower

Starts from the last sale price (AED 840K, 14 March 2023). Switch to today's estimate once you have unlocked it.
Price
AED 840,000
Deposit, UAE resident (20%)
AED 168,000
Deposit, non-resident (40%)
AED 336,000
Monthly over 25 years at 3.7%
AED 3,437

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