1206, MAG 318 Tower
Sold prices and rental history: sold once, by the developer in October 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 1206, MAG 318 Tower
What is 1206 worth today?
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Source: Dubai Land Department. Updated 25 October 2020.
Key facts
- Type
- Studio apartment
- Size
- 433 sqft
- Floor
- 12th of 22
- Parking
- P2-76
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 10,000 /yr
- Last sold
- AED 765K · October 2020
- Building
- MAG 318 Tower
About 1206, MAG 318 Tower
1206 is a studio of 433 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 25 October 2020 for AED 765,180, or AED 1,767 per sqft, in line with the AED 1,806 studios in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 1206 over time
1206 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 1206 sits
All 316 studios →1206 last sold in October 2020 at AED 1,767 per sqft, in line with what studios in MAG 318 Tower were fetching at the time (AED 1,806). 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 12th floor
All 439 units in MAG 318 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1201 | 1-bed | 819 sqft | AED 1.55MAED 1,550,000 · Nov 2021November 2021 | 115,000 /yr | |
| 1202 | 2-bed | 967 sqft | AED 2MAED 2,000,000 · Feb 2026February 2026 | 145,000 /yr | |
| 1203 | Studio | 438 sqft | AED 840KAED 840,000 · Mar 2023March 2023 | 74,900 /yr | |
| 1204 | Studio | 433 sqft | AED 454KAED 453,500 · Feb 2021February 2021 | 58,000 /yr | |
| 1205 | Studio | 216 sqft | AED 515KAED 515,000 · Sep 2025September 2025 | 58,005 /yr | |
| 1207 | Studio | 432 sqft | AED 792KAED 792,004 · Mar 2018March 2018 | 60,000 /yr | |
| 1208 | Studio | 433 sqft | AED 758KAED 758,000 · Feb 2021February 2021 | 75,000 /yr | |
| 1209 | Studio | 433 sqft | AED 864KAED 863,958 · Sep 2020September 2020 | ||
| 1210 | Studio | 432 sqft | AED 749KAED 749,000 · Aug 2018August 2018 | 58,000 /yr | |
| 1211 | Studio | 436 sqft | AED 770KAED 770,409 · Mar 2018March 2018 | ||
| 1212 | 2-bed | 966 sqft | AED 2MAED 2,002,166 · Jan 2021January 2021 | 85,000 /yr | |
| 1213 | 1-bed | 982 sqft | AED 1.71MAED 1,710,000 · Jan 2026January 2026 | 100,000 /yr | |
| 1214 | 2-bed | 1,045 sqft | AED 1.8MAED 1,800,000 · Aug 2022August 2022 | 148,050 /yr | |
| 1215 | Studio | 444 sqft | AED 1.25MAED 1,245,000 · Jan 2025January 2025 | 67,500 /yr | |
| 1216 | Studio | 440 sqft | AED 788KAED 787,816 · Sep 2018September 2018 | 60,000 /yr | |
| 1217 | Studio | 441 sqft | AED 787KAED 786,952 · Sep 2018September 2018 | 62,000 /yr | |
| 1218 | Studio | 441 sqft | AED 1MAED 1,000,000 · Aug 2023August 2023 | 75,000 /yr | |
| 1219 | Studio | 440 sqft | AED 1.05MAED 1,050,000 · Feb 2026February 2026 | 60,000 /yr | |
| 1220 | Studio | 441 sqft | AED 788KAED 787,816 · Sep 2018September 2018 | 60,000 /yr | |
| 1221 | Studio | 440 sqft | AED 1.12MAED 1,120,000 · Sep 2025September 2025 | 76,000 /yr | |
| 1222 | Studio | 397 sqft | AED 792KAED 792,257 · Nov 2019November 2019 | 65,000 /yr | |
| 1223 | Studio | 402 sqft | AED 792KAED 792,257 · Sep 2019September 2019 | 65,000 /yr | |
| 1224 | 2-bed | 1,043 sqft | AED 2.15MAED 2,151,048 · Jan 2021January 2021 | 150,000 /yr |
1206, MAG 318 Tower in numbers
- Sold once: by MAG on 25 October 2020 for AED 765,180, or AED 1,767 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 October 2020.
Questions about 1206, MAG 318 Tower
What did unit 1206 last sell for?
AED 765,180 on 25 October 2020, sold by the developer: AED 1,767 per sqft for 433 sqft. It is the only registered sale of the unit.
How big is unit 1206?
433 sqft (40.2 sqm): a studio on the 12th floor of a 22-storey tower completed in 2020.
What is unit 1206 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 1206, MAG 318 Tower
Starts from the last sale price (AED 765K, 25 October 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 765,180
- Deposit, UAE resident (20%)
- AED 153,036
- Deposit, non-resident (40%)
- AED 306,072
- Monthly over 25 years at 3.7%
- AED 3,131
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →