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Studio · 433 sqftMAG 318 Tower, Business Bay · 12th floor · completed 2020

1208, MAG 318 Tower

Sold prices and rental history: sold once, by the developer in February 2021, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1208 · DLD and Ejari recordsUpdated 1 November 2025
Last soldAED 758K23 February 2021
Current rentAED 75K /yr1 November 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1208, MAG 318 Tower

What is 1208 worth today?

Last sold for AED 758,000 in 2021

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1 Nov 2025RentedRenewal
AED 75,000/yr12 months · AED 173 per sqft
1 Nov 2024RentedNew contract
AED 75,000/yr12 months · AED 173 per sqft
1 Jul 2023RentedNew contract
AED 75,000/yr12 months · AED 174 per sqft
1 Jul 2022RentedNew contract
AED 65,000/yr12 months · AED 151 per sqft
23 Feb 2021Sold by developerOff-plan
AED 758,000AED 1,750 per sqft

Source: Dubai Land Department. Updated 1 November 2025.

Key facts

Type
Studio apartment
Size
433 sqft
Floor
12th of 22
Parking
P2-87
Developer
MAG
Completed
2020
Service charge
AED 10,000 /yr
Last sold
AED 758K · February 2021
Building
MAG 318 Tower

About 1208, MAG 318 Tower

1208 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 23 February 2021 for AED 758,000, or AED 1,750 per sqft, 13% below the AED 2,012 studios in the building were fetching at the time.

It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, renewed on 1 November 2025, is AED 75,000 a year: a gross yield of 9.9% on the 2021 price, before the service charge of about AED 10,000 a year.

Sales and rents for 1208 over time

Sales
Unit 1208, 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, February 2021: AED 758,000 (AED 1,750 per sqft)

1208 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 1208, 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, July 2022: AED 65,000 a yearNew contract, July 2023: AED 75,000 a yearNew contract, November 2024: AED 75,000 a yearRenewal, November 2025: AED 75,000 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 1208 sits

All 316 studios →

1208 last sold in February 2021 at AED 1,750 per sqft, 13% below what studios in MAG 318 Tower were fetching at the time (AED 2,012). 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. 1208's AED 75,000 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 78K /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
1203StudioAED 840K · Mar 2023
1204StudioAED 454K · Feb 2021
1205StudioAED 515K · Sep 2025
1206StudioAED 765K · Oct 2020
1207StudioAED 792K · Mar 2018
1–7 of 23

1208, MAG 318 Tower in numbers

  • Sold once: by MAG on 23 February 2021 for AED 758,000, or AED 1,750 per sqft.
  • Rented since July 2022 on 4 Ejari contracts, from AED 65,000 to AED 75,000 a year.
  • At AED 75,000 a year the gross yield on the 2021 price is 9.9%, before a service charge of about AED 10,000 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 November 2025.

Questions about 1208, MAG 318 Tower

What did unit 1208 last sell for?

AED 758,000 on 23 February 2021, sold by the developer: AED 1,750 per sqft for 433 sqft. It is the only registered sale of the unit.

What is the rent for unit 1208?

AED 75,000 a year on the contract renewed on 1 November 2025. The previous contract, from November 2024, was AED 75,000; the unit has been rented since July 2022.

How big is unit 1208?

433 sqft (40.2 sqm): a studio on the 12th floor of a 22-storey tower completed in 2020.

What is unit 1208 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 1208, MAG 318 Tower

Starts from the last sale price (AED 758K, 23 February 2021). Switch to today's estimate once you have unlocked it.
Price
AED 758,000
Deposit, UAE resident (20%)
AED 151,600
Deposit, non-resident (40%)
AED 303,200
Monthly over 25 years at 3.7%
AED 3,101

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