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Studio · 440 sqftMAG 318 Tower, Business Bay · 12th floor · completed 2020

1221, MAG 318 Tower

Sold prices and rental history: sold twice, last in September 2025, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1221 · DLD and Ejari recordsUpdated 25 October 2025
Last soldAED 1.12M4 September 2025
Current rentAED 76K /yr25 October 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1221, MAG 318 Tower

What is 1221 worth today?

Last sold for AED 1,120,000 in 2025

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25 Oct 2025RentedNew contract
AED 76,000/yr12 months · AED 172 per sqft
4 Sep 2025SoldReady
AED 1,120,000AED 2,546 per sqft
24 May 2023RentedRenewal
AED 58,000/yr12 months · AED 131 per sqft
24 May 2022RentedNew contract
AED 58,000/yr12 months · AED 131 per sqft
7 May 2021RentedNew contract
AED 52,000/yr12 months · AED 118 per sqft
7 Sep 2020Sold by developerOff-plan
AED 750,500AED 1,706 per sqft

Source: Dubai Land Department. Updated 25 October 2025.

Key facts

Type
Studio apartment
Size
440 sqft
Floor
12th of 22
Parking
P2-100
Developer
MAG
Completed
2020
Service charge
AED 10,100 /yr
Last sold
AED 1.12M · September 2025
Building
MAG 318 Tower

About 1221, MAG 318 Tower

1221 is a studio of 440 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 4 September 2025 for AED 1,120,000, or AED 2,546 per sqft, 4% above the AED 2,443 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 25 October 2025, is AED 76,000 a year: a gross yield of 6.8% on the 2025 price, before the service charge of about AED 10,100 a year.

Sales and rents for 1221 over time

Sales
Unit 1221, 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 2020: AED 750,500 (AED 1,706 per sqft)Sold, September 2025: AED 1,120,000 (AED 2,546 per sqft)

1221 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 1221, each contractTypical studio in MAG 318 Tower
60K80K2021202320252027Typical 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, May 2021: AED 52,000 a yearNew contract, May 2022: AED 58,000 a yearRenewal, May 2023: AED 58,000 a yearNew contract, October 2025: AED 76,000 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 1221 sits

All 316 studios →

1221 last sold in September 2025 at AED 2,546 per sqft, 4% above what studios in MAG 318 Tower were fetching at the time (AED 2,443). 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. 1221's AED 76,000 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

1221, MAG 318 Tower in numbers

  • Sold twice: first on 7 September 2020 for AED 750,500, last on 4 September 2025 for AED 1,120,000 (AED 2,546 per sqft).
  • Rented since May 2021 on 4 Ejari contracts, from AED 52,000 to AED 76,000 a year.
  • At AED 76,000 a year the gross yield on the 2025 price is 6.8%, 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 25 October 2025.

Questions about 1221, MAG 318 Tower

What did unit 1221 last sell for?

AED 1,120,000 on 4 September 2025: AED 2,546 per sqft for 440 sqft. The unit has 2 registered sales; the first was AED 750,500 in September 2020.

What is the rent for unit 1221?

AED 76,000 a year on the contract signed on 25 October 2025. The previous contract, from May 2023, was AED 58,000; the unit has been rented since May 2021.

How big is unit 1221?

440 sqft (40.9 sqm): a studio on the 12th floor of a 22-storey tower completed in 2020.

What is unit 1221 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 1221, MAG 318 Tower

Starts from the last sale price (AED 1.12M, 4 September 2025). Switch to today's estimate once you have unlocked it.
Price
AED 1,120,000
Deposit, UAE resident (20%)
AED 224,000
Deposit, non-resident (40%)
AED 448,000
Monthly over 25 years at 3.7%
AED 4,582

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