1306, MAG 318 Tower
Sold prices and rental history: sold once, by the developer in August 2021, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1306, MAG 318 Tower
What is 1306 worth today?
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Source: Dubai Land Department. Updated 26 August 2021.
Key facts
- Type
- Studio apartment
- Size
- 433 sqft
- Floor
- 13th of 22
- Parking
- P2-110
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 10,000 /yr
- Last sold
- AED 650K · August 2021
- Building
- MAG 318 Tower
About 1306, MAG 318 Tower
1306 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 26 August 2021 for AED 650,000, or AED 1,501 per sqft, 21% below the AED 1,911 studios in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 1306 over time
1306 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 1306 sits
All 316 studios →1306 last sold in August 2021 at AED 1,501 per sqft, 21% below what studios in MAG 318 Tower were fetching at the time (AED 1,911). 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.
| 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 | |
| 1304 | Studio | 433 sqft | AED 810KAED 810,000 · Sep 2018September 2018 | 58,000 /yr | |
| 1305 | Studio | 432 sqft | AED 1.01MAED 1,010,000 · Aug 2021August 2021 | 56,000 /yr | |
| 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 |
1306, MAG 318 Tower in numbers
- Sold once: by MAG on 26 August 2021 for AED 650,000, or AED 1,501 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 26 August 2021.
Questions about 1306, MAG 318 Tower
What did unit 1306 last sell for?
AED 650,000 on 26 August 2021, sold by the developer: AED 1,501 per sqft for 433 sqft. It is the only registered sale of the unit.
How big is unit 1306?
433 sqft (40.2 sqm): a studio on the 13th floor of a 22-storey tower completed in 2020.
What is unit 1306 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 1306, MAG 318 Tower
Starts from the last sale price (AED 650K, 26 August 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 650,000
- Deposit, UAE resident (20%)
- AED 130,000
- Deposit, non-resident (40%)
- AED 260,000
- Monthly over 25 years at 3.7%
- AED 2,659
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →