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Studio · 433 sqftMAG 318 Tower, Business Bay · 14th floor · completed 2020

1406, MAG 318 Tower

Sold prices and rental history: sold twice, last in March 2026, and rented once, from July 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1406 · DLD and Ejari recordsUpdated 1 July 2026
Last soldAED 1.1M16 March 2026
Current rentAED 55K /yr1 July 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1406, MAG 318 Tower

What is 1406 worth today?

Last sold for AED 1,100,000 in 2026

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1 Jul 2026RentedNew contract
AED 55,000/yr12 months · AED 128 per sqft
16 Mar 2026SoldReady
AED 1,100,000AED 2,540 per sqft
24 Feb 2020Sold by developerOff-plan
AED 778,830AED 1,798 per sqft

Source: Dubai Land Department. Updated 1 July 2026.

Key facts

Type
Studio apartment
Size
433 sqft
Floor
14th of 22
Parking
P1-19
Developer
MAG
Completed
2020
Service charge
AED 10,000 /yr
Last sold
AED 1.1M · March 2026
Building
MAG 318 Tower

About 1406, MAG 318 Tower

1406 is a studio of 433 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 16 March 2026 for AED 1,100,000, or AED 2,540 per sqft, 3% above the AED 2,465 studios in the building were fetching at the time.

One Ejari contract is registered, from 1 July 2026. The current contract, signed on 1 July 2026, is AED 55,000 a year: a gross yield of 5.0% on the 2026 price, before the service charge of about AED 10,000 a year.

Sales and rents for 1406 over time

Sales
Unit 1406, 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 778,830 (AED 1,798 per sqft)Sold, March 2026: AED 1,100,000 (AED 2,540 per sqft)

1406 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 1406, 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, July 2026: AED 55,000 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 1406 sits

All 316 studios →

1406 last sold in March 2026 at AED 2,540 per sqft, 3% above what studios in MAG 318 Tower were fetching at the time (AED 2,465). 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. 1406's AED 55,000 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 78K /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
14022-bedAED 1.66M · May 2018
1403StudioAED 950K · Oct 2023
1404StudioAED 793K · May 2019
1405StudioAED 835K · Aug 2022
1407StudioAED 740K · Nov 2021
1408StudioAED 800K · Jun 2022
1–7 of 23

1406, MAG 318 Tower in numbers

  • Sold twice: first on 24 February 2020 for AED 778,830, last on 16 March 2026 for AED 1,100,000 (AED 2,540 per sqft).
  • Rented since July 2026 on one Ejari contract, at AED 55,000 a year.
  • At AED 55,000 a year the gross yield on the 2026 price is 5.0%, 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 1 July 2026.

Questions about 1406, MAG 318 Tower

What did unit 1406 last sell for?

AED 1,100,000 on 16 March 2026: AED 2,540 per sqft for 433 sqft. The unit has 2 registered sales; the first was AED 778,830 in February 2020.

What is the rent for unit 1406?

AED 55,000 a year on the contract signed on 1 July 2026.

How big is unit 1406?

433 sqft (40.2 sqm): a studio on the 14th floor of a 22-storey tower completed in 2020.

What is unit 1406 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 1406, MAG 318 Tower

Starts from the last sale price (AED 1.1M, 16 March 2026). Switch to today's estimate once you have unlocked it.
Price
AED 1,100,000
Deposit, UAE resident (20%)
AED 220,000
Deposit, non-resident (40%)
AED 440,000
Monthly over 25 years at 3.7%
AED 4,500

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