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

1321, MAG 318 Tower

Sold prices and rental history: sold once, by the developer in July 2018, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1321 · DLD and Ejari recordsUpdated 9 July 2018
Last soldAED 800K9 July 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1321, MAG 318 Tower

What is 1321 worth today?

Last sold for AED 800,000 in 2018

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9 Jul 2018Sold by developerOff-plan
AED 800,000AED 1,818 per sqft

Source: Dubai Land Department. Updated 9 July 2018.

Key facts

Type
Studio apartment
Size
440 sqft
Floor
13th of 22
Parking
P1-12
Developer
MAG
Completed
2020
Service charge
AED 10,100 /yr
Last sold
AED 800K · July 2018

About 1321, MAG 318 Tower

1321 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 9 July 2018 for AED 800,000, or AED 1,818 per sqft, in line with the AED 1,801 studios in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1321 over time

Sales
Unit 1321, 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, July 2018: AED 800,000 (AED 1,818 per sqft)

1321 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 1321, 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 60,000

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 1321 sits

All 316 studios →

1321 last sold in July 2018 at AED 1,818 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.

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

1321, MAG 318 Tower in numbers

  • Sold once: by MAG on 9 July 2018 for AED 800,000, or AED 1,818 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 9 July 2018.

Questions about 1321, MAG 318 Tower

What did unit 1321 last sell for?

AED 800,000 on 9 July 2018, sold by the developer: AED 1,818 per sqft for 440 sqft. It is the only registered sale of the unit.

How big is unit 1321?

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

What is unit 1321 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 1321, MAG 318 Tower

Starts from the last sale price (AED 800K, 9 July 2018). Switch to today's estimate once you have unlocked it.
Price
AED 800,000
Deposit, UAE resident (20%)
AED 160,000
Deposit, non-resident (40%)
AED 320,000
Monthly over 25 years at 3.7%
AED 3,273

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