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Studio · 436 sqftMAG 318 Tower, Business Bay · 13th floor · completed 2020

1311, MAG 318 Tower

Sold prices and rental history: sold 3 times, last in August 2025, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1311 · DLD and Ejari recordsUpdated 1 January 2026
Last soldAED 1.02M22 August 2025
Current rentAED 80K /yr1 January 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1311, MAG 318 Tower

What is 1311 worth today?

Last sold for AED 1,020,000 in 2025

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1 Jan 2026RentedNew contract
AED 79,786/yr12 months · AED 181 per sqft
22 Aug 2025SoldReady
AED 1,020,000AED 2,339 per sqft
17 May 2024RentedNew contract
AED 96,000/yr12 months · AED 218 per sqft
22 Dec 2022SoldReady
AED 830,000AED 1,903 per sqft
26 Aug 2022RentedNew contract
AED 64,000/yr12 months · AED 145 per sqft
16 Nov 2021Sold by developerReady
AED 791,900AED 1,816 per sqft

Source: Dubai Land Department. Updated 1 January 2026.

Key facts

Type
Studio apartment
Size
436 sqft
Floor
13th of 22
Parking
P1-04
Developer
MAG
Completed
2020
Service charge
AED 10,100 /yr
Last sold
AED 1.02M · August 2025
Building
MAG 318 Tower

About 1311, MAG 318 Tower

1311 is a studio of 436 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 22 August 2025 for AED 1,020,000, or AED 2,339 per sqft, 5% below the AED 2,464 studios in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, signed on 1 January 2026, is AED 79,786 a year: a gross yield of 7.8% on the 2025 price, before the service charge of about AED 10,100 a year.

Sales and rents for 1311 over time

Sales
Unit 1311, 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, November 2021: AED 791,900 (AED 1,816 per sqft)Sold, December 2022: AED 830,000 (AED 1,903 per sqft)Sold, August 2025: AED 1,020,000 (AED 2,339 per sqft)

1311 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 1311, each contractTypical studio in MAG 318 Tower
60K80K100K2021202320252027Typical 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, August 2022: AED 64,000 a yearNew contract, May 2024: AED 96,000 a yearNew contract, January 2026: AED 79,786 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 1311 sits

All 316 studios →

1311 last sold in August 2025 at AED 2,339 per sqft, 5% below what studios in MAG 318 Tower were fetching at the time (AED 2,464). 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. 1311's AED 79,786 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
1307StudioAED 1M · Jul 2026
1–7 of 23

1311, MAG 318 Tower in numbers

  • Sold 3 times: first on 16 November 2021 for AED 791,900, last on 22 August 2025 for AED 1,020,000 (AED 2,339 per sqft).
  • Rented since August 2022 on 3 Ejari contracts, from AED 64,000 to AED 79,786 a year.
  • At AED 79,786 a year the gross yield on the 2025 price is 7.8%, 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 1 January 2026.

Questions about 1311, MAG 318 Tower

What did unit 1311 last sell for?

AED 1,020,000 on 22 August 2025: AED 2,339 per sqft for 436 sqft. The unit has 3 registered sales; the first was AED 791,900 in November 2021.

What is the rent for unit 1311?

AED 79,786 a year on the contract signed on 1 January 2026. The previous contract, from May 2024, was AED 96,000; the unit has been rented since August 2022.

How big is unit 1311?

436 sqft (40.5 sqm): a studio on the 13th floor of a 22-storey tower completed in 2020.

What is unit 1311 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 1311, MAG 318 Tower

Starts from the last sale price (AED 1.02M, 22 August 2025). Switch to today's estimate once you have unlocked it.
Price
AED 1,020,000
Deposit, UAE resident (20%)
AED 204,000
Deposit, non-resident (40%)
AED 408,000
Monthly over 25 years at 3.7%
AED 4,173

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