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Studio · 432 sqftMAG 318 Tower, Business Bay · 13th floor · completed 2020

1307, MAG 318 Tower

Sold prices and rental history: sold 3 times, last in July 2026, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1307 · DLD and Ejari recordsUpdated 20 July 2026
Last soldAED 1M20 July 2026
Current rentAED 80K /yr2 March 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1307, MAG 318 Tower

What is 1307 worth today?

Last sold for AED 1,000,000 in 2026

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20 Jul 2026SoldReady
AED 1,000,000AED 2,316 per sqft
2 Mar 2026RentedNew contract
AED 80,000/yr12 months · AED 186 per sqft
13 Feb 2025SoldReady
AED 1,070,000AED 2,478 per sqft
12 Jul 2021RentedNew contract
AED 48,000/yr12 months · AED 111 per sqft
8 Oct 2018Sold by developerOff-plan
AED 820,562AED 1,901 per sqft

Source: Dubai Land Department. Updated 20 July 2026.

Key facts

Type
Studio apartment
Size
432 sqft
Floor
13th of 22
Parking
P2-111
Developer
MAG
Completed
2020
Service charge
AED 10,000 /yr
Last sold
AED 1M · July 2026
Building
MAG 318 Tower

About 1307, MAG 318 Tower

1307 is a studio of 432 sqft on the 13th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. It last sold on 20 July 2026 for AED 1,000,000, or AED 2,316 per sqft, 5% below the AED 2,440 studios in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, signed on 2 March 2026, is AED 80,000 a year: a gross yield of 8.0% on the 2026 price, before the service charge of about AED 10,000 a year.

Sales and rents for 1307 over time

Sales
Unit 1307, 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, October 2018: AED 820,562 (AED 1,901 per sqft)Sold, February 2025: AED 1,070,000 (AED 2,478 per sqft)Sold, July 2026: AED 1,000,000 (AED 2,316 per sqft)

1307 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 1307, 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, July 2021: AED 48,000 a yearNew contract, March 2026: AED 80,000 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 1307 sits

All 316 studios →

1307 last sold in July 2026 at AED 2,316 per sqft, 5% below what studios in MAG 318 Tower were fetching at the time (AED 2,440). 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. 1307's AED 80,000 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 13th floor

All 439 units in MAG 318 Tower
Value
13011-bedAED 1.54M · Mar 2020
13022-bedAED 2.25M · Dec 2020
1303StudioAED 970K · Feb 2024
1304StudioAED 810K · Sep 2018
1305StudioAED 1.01M · Aug 2021
1306StudioAED 650K · Aug 2021
1308StudioAED 1.09M · Jul 2025
1–7 of 23

1307, MAG 318 Tower in numbers

  • Sold 3 times: first on 8 October 2018 for AED 820,562, last on 20 July 2026 for AED 1,000,000 (AED 2,316 per sqft).
  • Rented since July 2021 on 2 Ejari contracts, from AED 48,000 to AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2026 price is 8.0%, 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 20 July 2026.

Questions about 1307, MAG 318 Tower

What did unit 1307 last sell for?

AED 1,000,000 on 20 July 2026: AED 2,316 per sqft for 432 sqft. The unit has 3 registered sales; the first was AED 820,562 in October 2018.

What is the rent for unit 1307?

AED 80,000 a year on the contract signed on 2 March 2026. The previous contract, from July 2021, was AED 48,000.

How big is unit 1307?

432 sqft (40.1 sqm): a studio on the 13th floor of a 22-storey tower completed in 2020.

What is unit 1307 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 1307, MAG 318 Tower

Starts from the last sale price (AED 1M, 20 July 2026). 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 →