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Studio · 441 sqftMAG 318 Tower, Business Bay · 13th floor · completed 2020

1320, MAG 318 Tower

Sold prices and rental history: sold once, by the developer in May 2018, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1320 · DLD and Ejari recordsUpdated 1 August 2026
Last soldAED 808K20 May 2018
Current rentAED 60K /yr1 August 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1320, MAG 318 Tower

What is 1320 worth today?

Last sold for AED 808,477 in 2018

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1 Aug 2026RentedNew contract
AED 60,000/yr12 months · AED 136 per sqft
23 Sep 2025RentedNew contract
AED 73,000/yr12 months · AED 165 per sqft
20 Jan 2022RentedNew contract
AED 56,000/yr12 months · AED 127 per sqft
20 May 2018Sold by developerOff-plan
AED 808,477AED 1,832 per sqft

Source: Dubai Land Department. Updated 1 August 2026.

Key facts

Type
Studio apartment
Size
441 sqft
Floor
13th of 22
Parking
P1-11
Developer
MAG
Completed
2020
Service charge
AED 10,200 /yr
Last sold
AED 808K · May 2018
Building
MAG 318 Tower

About 1320, MAG 318 Tower

1320 is a studio of 441 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 20 May 2018 for AED 808,477, or AED 1,832 per sqft, in line with the AED 1,800 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 August 2026, is AED 60,000 a year: a gross yield of 7.4% on the 2018 price, before the service charge of about AED 10,200 a year.

Sales and rents for 1320 over time

Sales
Unit 1320, 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, May 2018: AED 808,477 (AED 1,832 per sqft)

1320 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 1320, 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, January 2022: AED 56,000 a yearNew contract, September 2025: AED 73,000 a yearNew contract, August 2026: AED 60,000 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 1320 sits

All 316 studios →

1320 last sold in May 2018 at AED 1,832 per sqft, in line with what studios in MAG 318 Tower were fetching at the time (AED 1,800). 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. 1320's AED 60,000 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

1320, MAG 318 Tower in numbers

  • Sold once: by MAG on 20 May 2018 for AED 808,477, or AED 1,832 per sqft.
  • Rented since January 2022 on 3 Ejari contracts, from AED 56,000 to AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2018 price is 7.4%, before a service charge of about AED 10,200 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 August 2026.

Questions about 1320, MAG 318 Tower

What did unit 1320 last sell for?

AED 808,477 on 20 May 2018, sold by the developer: AED 1,832 per sqft for 441 sqft. It is the only registered sale of the unit.

What is the rent for unit 1320?

AED 60,000 a year on the contract signed on 1 August 2026. The previous contract, from September 2025, was AED 73,000; the unit has been rented since January 2022.

How big is unit 1320?

441 sqft (41.0 sqm): a studio on the 13th floor of a 22-storey tower completed in 2020.

What is unit 1320 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 1320, MAG 318 Tower

Starts from the last sale price (AED 808K, 20 May 2018). Switch to today's estimate once you have unlocked it.
Price
AED 808,477
Deposit, UAE resident (20%)
AED 161,695
Deposit, non-resident (40%)
AED 323,391
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 →