Studio · 433 sqftMAG 318 Tower, Business Bay · 13th floor · completed 2020

1308, MAG 318 Tower

Name: Yalla Value Property Public Auction LLC
Address: Empire Heights, Office No. B-02-15, Floor P3, Business Bay, Dubai, AE
Telephone: +971585995901

Sold prices and rental history: sold twice, last in July 2025, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 1308 · DLD and Ejari recordsUpdated 31 July 2025

Last soldAED 1.09M31 July 2025

Current rentAED 85K /yr2 December 2024

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 1308, MAG 318 Tower

Today

What is 1308 worth today?

Last sold for AED 1,090,000 in 2025

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31 Jul 2025

31 Jul 2025SoldReady

AED 1,090,000AED 2,517 per sqft

2 Dec 2024

2 Dec 2024RentedRenewal

AED 85,000/yr12 months · AED 196 per sqft

2 Dec 2024

2 Dec 2024RentedRenewal

AED 85,000/yr12 months · AED 196 per sqft

2 Dec 2023

2 Dec 2023RentedNew contract

AED 80,000/yr12 months · AED 185 per sqft

1 Oct 2022

1 Oct 2022RentedNew contract

AED 80,000/yr12 months · AED 185 per sqft

15 Dec 2020

15 Dec 2020Sold by developerOff-plan

AED 1,075,000AED 2,483 per sqft

Source: Dubai Land Department. Updated 31 July 2025.

Key facts

Type: Studio apartment
Size: 433 sqft
Floor: 13th of 22
Parking: P1-01
Developer: MAG
Completed: 2020
Service charge: AED 10,000 /yr
Last sold: AED 1.09M · July 2025
Building: MAG 318 Tower

About 1308, MAG 318 Tower

1308 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. It last sold on 31 July 2025 for AED 1,090,000, or AED 2,517 per sqft, 3% above the AED 2,437 studios in the building were fetching at the time.

It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, renewed on 2 December 2024, is AED 85,000 a year: a gross yield of 7.8% on the 2025 price, before the service charge of about AED 10,000 a year.

Sales and rents for 1308 over time

Sales

Unit 1308, each saleTypical studio in MAG 318 Tower

1308 has sold twice; the dashed line is the studio median of each year in the building.

Rents

Unit 1308, each contractTypical studio in MAG 318 Tower

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 1308 sits

All 316 studios →

Studios in MAG 318 Tower · last 12 months2,387 /sqft MAG 318 Tower · all types2,286 /sqft

1308 last sold in July 2025 at AED 2,517 per sqft, 3% above what studios in MAG 318 Tower were fetching at the time (AED 2,437). 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. 1308's AED 85,000 is in the upper half of that range.

Recent studio sales	Size	Price (AED)	Per sqft
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

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


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
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
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

1–7 of 23

1308, MAG 318 Tower in numbers

Sold twice: first on 15 December 2020 for AED 1,075,000, last on 31 July 2025 for AED 1,090,000 (AED 2,517 per sqft).
Rented since October 2022 on 4 Ejari contracts, from AED 80,000 to AED 85,000 a year.
At AED 85,000 a year the gross yield on the 2025 price is 7.8%, 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 31 July 2025.

Questions about 1308, MAG 318 Tower

What did unit 1308 last sell for?

AED 1,090,000 on 31 July 2025: AED 2,517 per sqft for 433 sqft. The unit has 2 registered sales; the first was AED 1,075,000 in December 2020.

What is the rent for unit 1308?

AED 85,000 a year on the contract renewed on 2 December 2024. The previous contract, from December 2024, was AED 85,000; the unit has been rented since October 2022.

How big is unit 1308?

433 sqft (40.2 sqm): a studio on the 13th floor of a 22-storey tower completed in 2020.

What is unit 1308 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 1308, MAG 318 Tower

Starts from the last sale price (AED 1.09M, 31 July 2025). Switch to today's estimate once you have unlocked it.

Price: AED 1,090,000
Deposit, UAE resident (20%): AED 218,000
Deposit, non-resident (40%): AED 436,000
Monthly over 25 years at 3.7%: AED 4,460

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