Studio · 432 sqftMAG 318 Tower, Business Bay · 14th floor · completed 2020

1407, MAG 318 Tower

Name: Yalla Value Property Public Auction LLC
Address: Empire Heights, Office No. B-02-15, Floor P3, Business Bay, Dubai, AE
Telephone: +971585995901

Sold prices and rental history: sold 4 times, last in November 2021, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 1407 · DLD and Ejari recordsUpdated 21 September 2026

Last soldAED 740K11 November 2021

Current rentAED 65K /yr21 September 2026

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 1407, MAG 318 Tower

Today

What is 1407 worth today?

Last sold for AED 740,000 in 2021

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21 Sep 2026

21 Sep 2026RentedNew contract

AED 65,000/yr12 months · AED 151 per sqft

23 May 2026

23 May 2026RentedRenewal

AED 50,000/yr12 months · AED 116 per sqft

23 May 2025

23 May 2025RentedRenewal

AED 75,000/yr12 months · AED 174 per sqft

23 May 2024

23 May 2024RentedNew contract

AED 75,000/yr12 months · AED 174 per sqft

15 Mar 2023

15 Mar 2023RentedNew contract

AED 65,000/yr12 months · AED 151 per sqft

15 Mar 2022

15 Mar 2022RentedNew contract

AED 55,000/yr12 months · AED 128 per sqft

11 Nov 2021

11 Nov 2021SoldReady

AED 740,000AED 1,714 per sqft

25 Feb 2021

25 Feb 2021SoldReady

AED 630,000AED 1,459 per sqft

Source: Dubai Land Department. Updated 21 September 2026.

Key facts

Type: Studio apartment
Size: 432 sqft
Floor: 14th of 22
Parking: P1-20
Developer: MAG
Completed: 2020
Service charge: AED 10,000 /yr
Last sold: AED 740K · November 2021
Building: MAG 318 Tower

About 1407, MAG 318 Tower

1407 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 11 November 2021 for AED 740,000, or AED 1,714 per sqft, in line with the AED 1,765 studios in the building were fetching at the time.

It has been rented continuously since 2022 on 6 Ejari contracts. The current contract, signed on 21 September 2026, is AED 65,000 a year: a gross yield of 8.8% on the 2021 price, before the service charge of about AED 10,000 a year.

Sales and rents for 1407 over time

Sales

Unit 1407, each saleTypical studio in MAG 318 Tower

1407 has sold 4 times; the dashed line is the studio median of each year in the building.

Rents

Unit 1407, each contractTypical studio in MAG 318 Tower

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 1407 sits

All 316 studios →

Studios in MAG 318 Tower · last 12 months2,387 /sqft MAG 318 Tower · all types2,286 /sqft

1407 last sold in November 2021 at AED 1,714 per sqft, in line with what studios in MAG 318 Tower were fetching at the time (AED 1,765). 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. 1407's AED 65,000 is in the lower half of that range.

Recent studio sales	Size	Price (AED)	Per sqft
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

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


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
1405	Studio	432 sqft	AED 835KAED 835,000 · Aug 2022August 2022	55,000 /yr
1406	Studio	433 sqft	AED 1.1MAED 1,100,000 · Mar 2026March 2026	55,000 /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

1–7 of 23

1407, MAG 318 Tower in numbers

Sold 4 times: first on 21 March 2018 for AED 795,000, last on 11 November 2021 for AED 740,000 (AED 1,714 per sqft).
Rented since March 2022 on 6 Ejari contracts, from AED 55,000 to AED 65,000 a year.
At AED 65,000 a year the gross yield on the 2021 price is 8.8%, 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 21 September 2026.

Questions about 1407, MAG 318 Tower

What did unit 1407 last sell for?

AED 740,000 on 11 November 2021: AED 1,714 per sqft for 432 sqft. The unit has 4 registered sales; the first was AED 795,000 in March 2018.

What is the rent for unit 1407?

AED 65,000 a year on the contract signed on 21 September 2026. The previous contract, from May 2026, was AED 50,000; the unit has been rented since March 2022.

How big is unit 1407?

432 sqft (40.1 sqm): a studio on the 14th floor of a 22-storey tower completed in 2020.

What is unit 1407 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 1407, MAG 318 Tower

Starts from the last sale price (AED 740K, 11 November 2021). Switch to today's estimate once you have unlocked it.

Price: AED 740,000
Deposit, UAE resident (20%): AED 148,000
Deposit, non-resident (40%): AED 296,000
Monthly over 25 years at 3.7%: AED 3,028

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