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Studio · 440 sqftMAG 318 Tower, Business Bay · 13th floor · completed 2020

1316, MAG 318 Tower

Sold prices and rental history: sold once, by the developer in February 2020, and rented once, from October 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1316 · DLD and Ejari recordsUpdated 11 October 2026
Last soldAED 809K23 February 2020
Current rentAED 73K /yr11 October 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1316, MAG 318 Tower

What is 1316 worth today?

Last sold for AED 808,500 in 2020

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11 Oct 2026RentedNew contract
AED 73,000/yr12 months · AED 166 per sqft
23 Feb 2020Sold by developerOff-plan
AED 808,500AED 1,837 per sqft

Source: Dubai Land Department. Updated 11 October 2026.

Key facts

Type
Studio apartment
Size
440 sqft
Floor
13th of 22
Parking
P1-07
Developer
MAG
Completed
2020
Service charge
AED 10,100 /yr
Last sold
AED 809K · February 2020
Building
MAG 318 Tower

About 1316, MAG 318 Tower

1316 is a studio of 440 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 23 February 2020 for AED 808,500, or AED 1,837 per sqft, in line with the AED 1,801 studios in the building were fetching at the time.

One Ejari contract is registered, from 11 October 2026. The current contract, signed on 11 October 2026, is AED 73,000 a year: a gross yield of 9.0% on the 2020 price, before the service charge of about AED 10,100 a year.

Sales and rents for 1316 over time

Sales
Unit 1316, 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, February 2020: AED 808,500 (AED 1,837 per sqft)

1316 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 1316, each contractTypical studio in MAG 318 Tower
60K2021202320252027Typical 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, October 2026: AED 73,000 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 1316 sits

All 316 studios →

1316 last sold in February 2020 at AED 1,837 per sqft, in line with what studios in MAG 318 Tower were fetching at the time (AED 1,801). 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. 1316's AED 73,000 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
1307StudioAED 1M · Jul 2026
1–7 of 23

1316, MAG 318 Tower in numbers

  • Sold once: by MAG on 23 February 2020 for AED 808,500, or AED 1,837 per sqft.
  • Rented since October 2026 on one Ejari contract, at AED 73,000 a year.
  • At AED 73,000 a year the gross yield on the 2020 price is 9.0%, 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 11 October 2026.

Questions about 1316, MAG 318 Tower

What did unit 1316 last sell for?

AED 808,500 on 23 February 2020, sold by the developer: AED 1,837 per sqft for 440 sqft. It is the only registered sale of the unit.

What is the rent for unit 1316?

AED 73,000 a year on the contract signed on 11 October 2026.

How big is unit 1316?

440 sqft (40.9 sqm): a studio on the 13th floor of a 22-storey tower completed in 2020.

What is unit 1316 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 1316, MAG 318 Tower

Starts from the last sale price (AED 809K, 23 February 2020). Switch to today's estimate once you have unlocked it.
Price
AED 808,500
Deposit, UAE resident (20%)
AED 161,700
Deposit, non-resident (40%)
AED 323,400
Monthly over 25 years at 3.7%
AED 3,308

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