1304, 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.
Property timeline for 1304, MAG 318 Tower
What is 1304 worth today?
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Source: Dubai Land Department. Updated 5 October 2026.
Key facts
- Type
- Studio apartment
- Size
- 433 sqft
- Floor
- 13th of 22
- Parking
- P2-108
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 10,000 /yr
- Last sold
- AED 810K · September 2018
- Building
- MAG 318 Tower
About 1304, MAG 318 Tower
1304 is a studio of 433 sqft on the 13th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. The developer sold it on 18 September 2018 for AED 810,000, or AED 1,870 per sqft, 4% above the AED 1,792 studios in the building were fetching at the time.
It has been rented continuously since 2021 on 6 Ejari contracts. The current contract, signed on 5 October 2026, is AED 58,000 a year: a gross yield of 7.2% on the 2018 price, before the service charge of about AED 10,000 a year.
Sales and rents for 1304 over time
1304 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 1304 sits
All 316 studios →1304 last sold in September 2018 at AED 1,870 per sqft, 4% above 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. 1304's AED 58,000 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 13th floor
All 439 units in MAG 318 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1301 | 1-bed | 819 sqft | AED 1.54MAED 1,535,640 · Mar 2020March 2020 | 87,000 /yr | |
| 1302 | 2-bed | 967 sqft | AED 2.25MAED 2,250,000 · Dec 2020December 2020 | 120,996 /yr | |
| 1303 | Studio | 438 sqft | AED 970KAED 970,000 · Feb 2024February 2024 | 80,000 /yr | |
| 1305 | Studio | 432 sqft | AED 1.01MAED 1,010,000 · Aug 2021August 2021 | 56,000 /yr | |
| 1306 | Studio | 433 sqft | AED 650KAED 650,000 · Aug 2021August 2021 | ||
| 1307 | Studio | 432 sqft | AED 1MAED 1,000,000 · Jul 2026July 2026 | 80,000 /yr | |
| 1308 | Studio | 433 sqft | AED 1.09MAED 1,090,000 · Jul 2025July 2025 | 85,000 /yr | |
| 1309 | Studio | 433 sqft | AED 827KAED 827,000 · Feb 2021February 2021 | ||
| 1310 | Studio | 432 sqft | AED 797KAED 796,950 · Nov 2017November 2017 | ||
| 1311 | Studio | 436 sqft | AED 1.02MAED 1,020,000 · Aug 2025August 2025 | 79,786 /yr | |
| 1312 | 2-bed | 966 sqft | AED 1.34MAED 1,337,000 · Nov 2022November 2022 | 155,000 /yr | |
| 1313 | 1-bed | 982 sqft | AED 1.72MAED 1,719,755 · Jan 2021January 2021 | 90,000 /yr | |
| 1314 | 2-bed | 1,045 sqft | AED 2.3MAED 2,300,000 · Dec 2020December 2020 | 130,000 /yr | |
| 1315 | Studio | 444 sqft | AED 1.01MAED 1,010,000 · Aug 2021August 2021 | 83,000 /yr | |
| 1316 | Studio | 440 sqft | AED 809KAED 808,500 · Feb 2020February 2020 | 73,000 /yr | |
| 1317 | Studio | 441 sqft | AED 808KAED 807,572 · Mar 2018March 2018 | 77,000 /yr | |
| 1318 | Studio | 441 sqft | AED 779KAED 778,800 · Jul 2021July 2021 | 55,000 /yr | |
| 1319 | Studio | 440 sqft | AED 980KAED 980,000 · Jul 2026July 2026 | 55,000 /yr | |
| 1320 | Studio | 441 sqft | AED 808KAED 808,477 · May 2018May 2018 | 60,000 /yr | |
| 1321 | Studio | 440 sqft | AED 800KAED 800,000 · Jul 2018July 2018 | ||
| 1322 | Studio | 441 sqft | AED 1.03MAED 1,030,000 · Aug 2024August 2024 | 50,000 /yr | |
| 1323 | Studio | 446 sqft | AED 800KAED 800,000 · May 2018May 2018 | ||
| 1324 | 2-bed | 1,043 sqft | AED 2.3MAED 2,300,000 · Dec 2020December 2020 | 165,000 /yr |
1304, MAG 318 Tower in numbers
- Sold once: by MAG on 18 September 2018 for AED 810,000, or AED 1,870 per sqft.
- Rented since October 2021 on 6 Ejari contracts, from AED 53,000 to AED 58,000 a year.
- At AED 58,000 a year the gross yield on the 2018 price is 7.2%, 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 5 October 2026.
Questions about 1304, MAG 318 Tower
What did unit 1304 last sell for?
AED 810,000 on 18 September 2018, sold by the developer: AED 1,870 per sqft for 433 sqft. It is the only registered sale of the unit.
What is the rent for unit 1304?
AED 58,000 a year on the contract signed on 5 October 2026. The previous contract, from March 2026, was AED 82,000; the unit has been rented since October 2021.
How big is unit 1304?
433 sqft (40.2 sqm): a studio on the 13th floor of a 22-storey tower completed in 2020.
What is unit 1304 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 1304, MAG 318 Tower
Starts from the last sale price (AED 810K, 18 September 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 810,000
- Deposit, UAE resident (20%)
- AED 162,000
- Deposit, non-resident (40%)
- AED 324,000
- Monthly over 25 years at 3.7%
- AED 3,314
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →