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Studio · 444 sqftMAG 318 Tower, Business Bay · 14th floor · completed 2020

1415, MAG 318 Tower

Sold prices and rental history: sold once, by the developer in August 2018, and rented once, from November 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1415 · DLD and Ejari recordsUpdated 10 November 2024
Last soldAED 792K12 August 2018
Current rentAED 80K /yr10 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1415, MAG 318 Tower

What is 1415 worth today?

Last sold for AED 792,307 in 2018

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10 Nov 2024RentedNew contract
AED 80,000/yr12 months · AED 181 per sqft
12 Aug 2018Sold by developerOff-plan
AED 792,307AED 1,783 per sqft

Source: Dubai Land Department. Updated 10 November 2024.

Key facts

Type
Studio apartment
Size
444 sqft
Floor
14th of 22
Parking
P1-26
Developer
MAG
Completed
2020
Service charge
AED 10,200 /yr
Last sold
AED 792K · August 2018
Building
MAG 318 Tower

About 1415, MAG 318 Tower

1415 is a studio of 444 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 12 August 2018 for AED 792,307, or AED 1,783 per sqft, in line with the AED 1,798 studios in the building were fetching at the time.

One Ejari contract is registered, from 10 November 2024. The current contract, signed on 10 November 2024, is AED 80,000 a year: a gross yield of 10.1% on the 2018 price, before the service charge of about AED 10,200 a year.

Sales and rents for 1415 over time

Sales
Unit 1415, 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, August 2018: AED 792,307 (AED 1,783 per sqft)

1415 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 1415, each contractTypical studio in MAG 318 Tower
60K80K2021202320252027Typical 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, November 2024: AED 80,000 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 1415 sits

All 316 studios →

1415 last sold in August 2018 at AED 1,783 per sqft, in line with what studios in MAG 318 Tower were fetching at the time (AED 1,798). 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. 1415's AED 80,000 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 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
14022-bedAED 1.66M · May 2018
1403StudioAED 950K · Oct 2023
1404StudioAED 793K · May 2019
1405StudioAED 835K · Aug 2022
1406StudioAED 1.1M · Mar 2026
1407StudioAED 740K · Nov 2021
1–7 of 23

1415, MAG 318 Tower in numbers

  • Sold once: by MAG on 12 August 2018 for AED 792,307, or AED 1,783 per sqft.
  • Rented since November 2024 on one Ejari contract, at AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2018 price is 10.1%, before a service charge of about AED 10,200 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 10 November 2024.

Questions about 1415, MAG 318 Tower

What did unit 1415 last sell for?

AED 792,307 on 12 August 2018, sold by the developer: AED 1,783 per sqft for 444 sqft. It is the only registered sale of the unit.

What is the rent for unit 1415?

AED 80,000 a year on the contract signed on 10 November 2024.

How big is unit 1415?

444 sqft (41.2 sqm): a studio on the 14th floor of a 22-storey tower completed in 2020.

What is unit 1415 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 1415, MAG 318 Tower

Starts from the last sale price (AED 792K, 12 August 2018). Switch to today's estimate once you have unlocked it.
Price
AED 792,307
Deposit, UAE resident (20%)
AED 158,461
Deposit, non-resident (40%)
AED 316,923
Monthly over 25 years at 3.7%
AED 3,242

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