1218, MAG 318 Tower
Sold prices and rental history: sold 3 times, last in August 2023, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1218, MAG 318 Tower
What is 1218 worth today?
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Source: Dubai Land Department. Updated 16 August 2025.
Key facts
- Type
- Studio apartment
- Size
- 441 sqft
- Floor
- 12th of 22
- Parking
- P2-97
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 10,200 /yr
- Last sold
- AED 1M · August 2023
- Building
- MAG 318 Tower
About 1218, MAG 318 Tower
1218 is a studio of 441 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 25 August 2023 for AED 1,000,000, or AED 2,267 per sqft, 7% above the AED 2,119 studios in the building were fetching at the time.
It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, signed on 16 August 2025, is AED 75,000 a year: a gross yield of 7.5% on the 2023 price, before the service charge of about AED 10,200 a year.
Sales and rents for 1218 over time
1218 has sold 3 times; 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 1218 sits
All 316 studios →1218 last sold in August 2023 at AED 2,267 per sqft, 7% above what studios in MAG 318 Tower were fetching at the time (AED 2,119). 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. 1218's AED 75,000 is in the lower half of that range.
| 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 | |
| 1206 | Studio | 433 sqft | AED 765KAED 765,180 · Oct 2020October 2020 | ||
| 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 | |
| 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 |
1218, MAG 318 Tower in numbers
- Sold 3 times: first on 31 October 2018 for AED 779,800, last on 25 August 2023 for AED 1,000,000 (AED 2,267 per sqft).
- Rented since August 2021 on 4 Ejari contracts, from AED 46,000 to AED 75,000 a year.
- At AED 75,000 a year the gross yield on the 2023 price is 7.5%, before a service charge of about AED 10,200 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 16 August 2025.
Questions about 1218, MAG 318 Tower
What did unit 1218 last sell for?
AED 1,000,000 on 25 August 2023: AED 2,267 per sqft for 441 sqft. The unit has 3 registered sales; the first was AED 779,800 in October 2018.
What is the rent for unit 1218?
AED 75,000 a year on the contract signed on 16 August 2025. The previous contract, from February 2025, was AED 110,000; the unit has been rented since August 2021.
How big is unit 1218?
441 sqft (41.0 sqm): a studio on the 12th floor of a 22-storey tower completed in 2020.
What is unit 1218 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 1218, MAG 318 Tower
Starts from the last sale price (AED 1M, 25 August 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,000,000
- Deposit, UAE resident (20%)
- AED 200,000
- Deposit, non-resident (40%)
- AED 400,000
- Monthly over 25 years at 3.7%
- AED 4,091
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →