1405, MAG 318 Tower
Sold prices and rental history: sold 3 times, last in August 2022, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1405, MAG 318 Tower
What is 1405 worth today?
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Source: Dubai Land Department. Updated 26 September 2026.
Key facts
- Type
- Studio apartment
- Size
- 432 sqft
- Floor
- 14th of 22
- Parking
- P1-18
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 10,000 /yr
- Last sold
- AED 835K · August 2022
- Building
- MAG 318 Tower
About 1405, MAG 318 Tower
1405 is a studio of 432 sqft on the 14th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. It last sold on 3 August 2022 for AED 835,000, or AED 1,934 per sqft, 12% above the AED 1,729 studios in the building were fetching at the time.
It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, signed on 26 September 2026, is AED 55,000 a year: a gross yield of 6.6% on the 2022 price, before the service charge of about AED 10,000 a year.
Sales and rents for 1405 over time
1405 has sold 3 times; the dashed line is the studio median of each year in the building.
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 1405 sits
All 316 studios →1405 last sold in August 2022 at AED 1,934 per sqft, 12% above what studios in MAG 318 Tower were fetching at the time (AED 1,729). 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. 1405's AED 55,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 22 Oct 202622 October 2026 | 432 sqft | 850,000 | 1,968 | ||
| 27 Aug 202627 August 2026 | 433 sqft | 920,000 | 2,125 | ||
| 7 Aug 20267 August 2026 | 440 sqft | 850,000 | 1,932 | ||
| 21 Jul 202621 July 2026 | 441 sqft | 850,000 | 1,926 |
MAG 318 Tower
Building439 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%
Other units on the 14th floor
All 439 units in MAG 318 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1401 | 1-bed | 819 sqft | AED 1.37MAED 1,373,058 · Aug 2018August 2018 | 129,614 /yr | |
| 1402 | 2-bed | 967 sqft | AED 1.66MAED 1,655,541 · May 2018May 2018 | 145,000 /yr | |
| 1403 | Studio | 438 sqft | AED 950KAED 950,000 · Oct 2023October 2023 | 80,000 /yr | |
| 1404 | Studio | 433 sqft | AED 793KAED 792,893 · May 2019May 2019 | ||
| 1406 | Studio | 433 sqft | AED 1.1MAED 1,100,000 · Mar 2026March 2026 | 55,000 /yr | |
| 1407 | Studio | 432 sqft | AED 740KAED 740,000 · Nov 2021November 2021 | 65,000 /yr | |
| 1408 | Studio | 433 sqft | AED 800KAED 800,000 · Jun 2022June 2022 | 77,000 /yr | |
| 1409 | Studio | 433 sqft | AED 630KAED 630,000 · Mar 2021March 2021 | ||
| 1410 | Studio | 432 sqft | AED 783KAED 783,000 · Jul 2019July 2019 | 70,000 /yr | |
| 1411 | Studio | 436 sqft | AED 1.08MAED 1,075,000 · Jun 2025June 2025 | 60,000 /yr | |
| 1412 | 2-bed | 966 sqft | AED 2.26MAED 2,255,000 · Jul 2025July 2025 | 155,000 /yr | |
| 1413 | 1-bed | 982 sqft | AED 2.05MAED 2,050,000 · Dec 2020December 2020 | 130,000 /yr | |
| 1414 | 2-bed | 1,045 sqft | AED 2.25MAED 2,250,000 · Dec 2020December 2020 | 130,000 /yr | |
| 1415 | Studio | 444 sqft | AED 792KAED 792,307 · Aug 2018August 2018 | 80,000 /yr | |
| 1416 | Studio | 440 sqft | AED 1.01MAED 1,010,000 · Jun 2021June 2021 | 78,000 /yr | |
| 1417 | Studio | 441 sqft | AED 783KAED 783,000 · Jul 2018July 2018 | 65,000 /yr | |
| 1418 | Studio | 441 sqft | AED 757KAED 757,279 · Aug 2021August 2021 | 75,000 /yr | |
| 1419 | Studio | 440 sqft | AED 783KAED 783,361 · Sep 2018September 2018 | 80,000 /yr | |
| 1420 | Studio | 441 sqft | AED 454KAED 453,500 · Feb 2021February 2021 | 61,000 /yr | |
| 1421 | Studio | 440 sqft | AED 900KAED 900,000 · May 2023May 2023 | 82,000 /yr | |
| 1422 | Studio | 441 sqft | AED 781KAED 781,148 · Apr 2019April 2019 | 63,273 /yr | |
| 1423 | Studio | 446 sqft | AED 781KAED 781,148 · Apr 2019April 2019 | 55,000 /yr | |
| 1424 | 2-bed | 1,043 sqft | AED 1.75MAED 1,746,500 · May 2019May 2019 | 220,000 /yr |
1405, MAG 318 Tower in numbers
- Sold 3 times: first on 7 September 2020 for AED 758,466, last on 3 August 2022 for AED 835,000 (AED 1,934 per sqft).
- Rented since December 2021 on 5 Ejari contracts, from AED 60,000 to AED 55,000 a year.
- At AED 55,000 a year the gross yield on the 2022 price is 6.6%, before a service charge of about AED 10,000 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 26 September 2026.
Questions about 1405, MAG 318 Tower
What did unit 1405 last sell for?
AED 835,000 on 3 August 2022: AED 1,934 per sqft for 432 sqft. The unit has 3 registered sales; the first was AED 758,466 in September 2020.
What is the rent for unit 1405?
AED 55,000 a year on the contract signed on 26 September 2026. The previous contract, from September 2025, was AED 78,750; the unit has been rented since December 2021.
How big is unit 1405?
432 sqft (40.1 sqm): a studio on the 14th floor of a 22-storey tower completed in 2020.
What is unit 1405 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 1405, MAG 318 Tower
Starts from the last sale price (AED 835K, 3 August 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 835,000
- Deposit, UAE resident (20%)
- AED 167,000
- Deposit, non-resident (40%)
- AED 334,000
- Monthly over 25 years at 3.7%
- AED 3,416
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →