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Studio · 441 sqftMAG 318 Tower, Business Bay · 12th floor · completed 2020

1220, MAG 318 Tower

Sold prices and rental history: sold once, by the developer in September 2018, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1220 · DLD and Ejari recordsUpdated 5 November 2026
Last soldAED 788K17 September 2018
Current rentAED 60K /yr5 November 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1220, MAG 318 Tower

What is 1220 worth today?

Last sold for AED 787,816 in 2018

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5 Nov 2026RentedRenewal
AED 60,000/yr12 months · AED 136 per sqft
5 Nov 2025RentedRenewal
AED 73,000/yr12 months · AED 165 per sqft
26 Mar 2024RentedRenewal
AED 75,000/yr12 months · AED 170 per sqft
26 Mar 2023RentedNew contract
AED 75,000/yr12 months · AED 170 per sqft
4 Nov 2021RentedNew contract
AED 60,000/yr12 months · AED 136 per sqft
17 Sep 2018Sold by developerOff-plan
AED 787,816AED 1,785 per sqft

Source: Dubai Land Department. Updated 5 November 2026.

Key facts

Type
Studio apartment
Size
441 sqft
Floor
12th of 22
Parking
P2-99
Developer
MAG
Completed
2020
Service charge
AED 10,200 /yr
Last sold
AED 788K · September 2018
Building
MAG 318 Tower

About 1220, MAG 318 Tower

1220 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. The developer sold it on 17 September 2018 for AED 787,816, or AED 1,785 per sqft, in line with the AED 1,792 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, renewed on 5 November 2026, is AED 60,000 a year: a gross yield of 7.6% on the 2018 price, before the service charge of about AED 10,200 a year.

Sales and rents for 1220 over time

Sales
Unit 1220, 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, September 2018: AED 787,816 (AED 1,785 per sqft)

1220 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 1220, 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, November 2021: AED 60,000 a yearNew contract, March 2023: AED 75,000 a yearRenewal, March 2024: AED 75,000 a yearRenewal, November 2025: AED 73,000 a yearRenewal, November 2026: AED 60,000 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 1220 sits

All 316 studios →

1220 last sold in September 2018 at AED 1,785 per sqft, in line with what studios in MAG 318 Tower were fetching at the time (AED 1,792). 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. 1220's AED 60,000 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 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
1203StudioAED 840K · Mar 2023
1204StudioAED 454K · Feb 2021
1205StudioAED 515K · Sep 2025
1206StudioAED 765K · Oct 2020
1207StudioAED 792K · Mar 2018
1–7 of 23

1220, MAG 318 Tower in numbers

  • Sold once: by MAG on 17 September 2018 for AED 787,816, or AED 1,785 per sqft.
  • Rented since November 2021 on 5 Ejari contracts, at AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2018 price is 7.6%, 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 5 November 2026.

Questions about 1220, MAG 318 Tower

What did unit 1220 last sell for?

AED 787,816 on 17 September 2018, sold by the developer: AED 1,785 per sqft for 441 sqft. It is the only registered sale of the unit.

What is the rent for unit 1220?

AED 60,000 a year on the contract renewed on 5 November 2026. The previous contract, from November 2025, was AED 73,000; the unit has been rented since November 2021.

How big is unit 1220?

441 sqft (41.0 sqm): a studio on the 12th floor of a 22-storey tower completed in 2020.

What is unit 1220 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 1220, MAG 318 Tower

Starts from the last sale price (AED 788K, 17 September 2018). Switch to today's estimate once you have unlocked it.
Price
AED 787,816
Deposit, UAE resident (20%)
AED 157,563
Deposit, non-resident (40%)
AED 315,126
Monthly over 25 years at 3.7%
AED 3,223

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