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2-bed · 967 sqftMAG 318 Tower, Business Bay · 14th floor · completed 2020

1402, MAG 318 Tower

Sold prices and rental history: sold once, by the developer in May 2018, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1402 · DLD and Ejari recordsUpdated 1 June 2025
Last soldAED 1.66M28 May 2018
Current rentAED 145K /yr1 June 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1402, MAG 318 Tower

What is 1402 worth today?

Last sold for AED 1,655,541 in 2018

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1 Jun 2025RentedNew contract
AED 145,000/yr12 months · AED 150 per sqft
1 Jun 2025RentedNew contract
AED 145,000/yr12 months · AED 150 per sqft
30 Apr 2024RentedNew contract
AED 149,171/yr12 months · AED 156 per sqft
1 Apr 2023RentedNew contract
AED 145,000/yr12 months · AED 151 per sqft
18 Sep 2022RentedNew contract
AED 135,000/yr12 months · AED 140 per sqft
26 Aug 2021RentedNew contract
AED 115,000/yr12 months · AED 119 per sqft
28 May 2018Sold by developerOff-plan
AED 1,655,541AED 1,712 per sqft

Source: Dubai Land Department. Updated 1 June 2025.

Key facts

Type
2-bed apartment
Size
967 sqft
Floor
14th of 22
Parking
P1-67 , P1-82
Developer
MAG
Completed
2020
Service charge
AED 22,300 /yr
Last sold
AED 1.66M · May 2018
Building
MAG 318 Tower

About 1402, MAG 318 Tower

1402 is a two-bedroom apartment of 967 sqft on the 14th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. The developer sold it on 28 May 2018 for AED 1,655,541, or AED 1,712 per sqft.

It has been rented continuously since 2021 on 6 Ejari contracts. The current contract, signed on 1 June 2025, is AED 145,000 a year: a gross yield of 8.8% on the 2018 price, before the service charge of about AED 22,300 a year.

Sales and rents for 1402 over time

Sales
Unit 1402, each saleTypical two-bed in MAG 318 Tower
1.5M2M2018202120242027Typical sale price by year: 2018 AED 1,781,294; 2019 AED 1,782,000; 2020 AED 2,250,000; 2021 AED 1,855,087; 2022 AED 1,357,005; 2024 AED 2,120,000; 2025 AED 2,100,000; 2026 AED 2,000,000Sold by developer, May 2018: AED 1,655,541 (AED 1,712 per sqft)

1402 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1402, each contractTypical two-bed in MAG 318 Tower
100K125K150K2021202320252027Typical rent by year: 2021 AED 100,000; 2022 AED 120,000; 2023 AED 125,000; 2024 AED 143,000; 2025 AED 145,000; 2026 AED 136,764New contract, August 2021: AED 115,000 a yearNew contract, September 2022: AED 135,000 a yearNew contract, April 2023: AED 145,000 a yearNew contract, April 2024: AED 149,171 a yearNew contract, June 2025: AED 145,000 a yearNew contract, June 2025: AED 145,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in MAG 318 Tower, and where 1402 sits

All 75 2-beds →

Over the last 12 months two-beds sold for AED 2,000,000 to 2,800,000, around AED 2,068 per sqft, and rent for AED 85,000 to 166,000 a year. 1402's AED 145,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
16 Sep 20262,000,000
14 Sep 20262,800,000
12 Feb 20262,000,000
29 Aug 20252,250,000
3 2-bed 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 14th floor

All 439 units in MAG 318 Tower
Value
14011-bedAED 1.37M · Aug 2018
1403StudioAED 950K · Oct 2023
1404StudioAED 793K · May 2019
1405StudioAED 835K · Aug 2022
1406StudioAED 1.1M · Mar 2026
1407StudioAED 740K · Nov 2021
1408StudioAED 800K · Jun 2022
1–7 of 23

1402, MAG 318 Tower in numbers

  • Sold once: by MAG on 28 May 2018 for AED 1,655,541, or AED 1,712 per sqft.
  • Rented since August 2021 on 6 Ejari contracts, from AED 115,000 to AED 145,000 a year.
  • At AED 145,000 a year the gross yield on the 2018 price is 8.8%, before a service charge of about AED 22,300 a year (AED 23.06 per sqft).
  • Two-beds in MAG 318 Tower sold for AED 2,000,000–2,800,000 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 June 2025.

Questions about 1402, MAG 318 Tower

What did unit 1402 last sell for?

AED 1,655,541 on 28 May 2018, sold by the developer: AED 1,712 per sqft for 967 sqft. It is the only registered sale of the unit.

What is the rent for unit 1402?

AED 145,000 a year on the contract signed on 1 June 2025. The previous contract, from June 2025, was AED 145,000; the unit has been rented since August 2021.

How big is unit 1402?

967 sqft (89.8 sqm): a two-bedroom apartment on the 14th floor of a 22-storey tower completed in 2020.

What is unit 1402 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in MAG 318 Tower sold for AED 2,000,000 to 2,800,000 in the last 12 months, around AED 2,068 per sqft.

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Mortgage on 1402, MAG 318 Tower

Starts from the last sale price (AED 1.66M, 28 May 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,655,541
Deposit, UAE resident (20%)
AED 331,108
Deposit, non-resident (40%)
AED 662,216
Monthly over 25 years at 3.7%
AED 6,773

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