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Studio · 440 sqftMAG 318 Tower, Business Bay · 14th floor · completed 2020

1421, MAG 318 Tower

Sold prices and rental history: sold twice, last in May 2023, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1421 · DLD and Ejari recordsUpdated 1 December 2025
Last soldAED 900K11 May 2023
Current rentAED 82K /yr1 December 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1421, MAG 318 Tower

What is 1421 worth today?

Last sold for AED 900,000 in 2023

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1 Dec 2025RentedNew contract
AED 82,000/yr12 months · AED 186 per sqft
11 May 2023SoldReady
AED 900,000AED 2,046 per sqft
17 Mar 2022RentedNew contract
AED 65,000/yr12 months · AED 147 per sqft
1 Sep 2021RentedNew contract
AED 50,135/yr12 months · AED 114 per sqft
16 Jul 2018Sold by developerOff-plan
AED 793,000AED 1,803 per sqft

Source: Dubai Land Department. Updated 1 December 2025.

Key facts

Type
Studio apartment
Size
440 sqft
Floor
14th of 22
Parking
P1-32
Developer
MAG
Completed
2020
Service charge
AED 10,100 /yr
Last sold
AED 900K · May 2023
Building
MAG 318 Tower

About 1421, MAG 318 Tower

1421 is a studio of 440 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 May 2023 for AED 900,000, or AED 2,046 per sqft, in line with the AED 2,062 studios in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, signed on 1 December 2025, is AED 82,000 a year: a gross yield of 9.1% on the 2023 price, before the service charge of about AED 10,100 a year.

Sales and rents for 1421 over time

Sales
Unit 1421, 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, July 2018: AED 793,000 (AED 1,803 per sqft)Sold, May 2023: AED 900,000 (AED 2,046 per sqft)

1421 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 1421, 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, September 2021: AED 50,135 a yearNew contract, March 2022: AED 65,000 a yearNew contract, December 2025: AED 82,000 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 1421 sits

All 316 studios →

1421 last sold in May 2023 at AED 2,046 per sqft, in line with what studios in MAG 318 Tower were fetching at the time (AED 2,062). 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. 1421's AED 82,000 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

1421, MAG 318 Tower in numbers

  • Sold twice: first on 16 July 2018 for AED 793,000, last on 11 May 2023 for AED 900,000 (AED 2,046 per sqft).
  • Rented since September 2021 on 3 Ejari contracts, from AED 50,135 to AED 82,000 a year.
  • At AED 82,000 a year the gross yield on the 2023 price is 9.1%, before a service charge of about AED 10,100 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 December 2025.

Questions about 1421, MAG 318 Tower

What did unit 1421 last sell for?

AED 900,000 on 11 May 2023: AED 2,046 per sqft for 440 sqft. The unit has 2 registered sales; the first was AED 793,000 in July 2018.

What is the rent for unit 1421?

AED 82,000 a year on the contract signed on 1 December 2025. The previous contract, from March 2022, was AED 65,000; the unit has been rented since September 2021.

How big is unit 1421?

440 sqft (40.9 sqm): a studio on the 14th floor of a 22-storey tower completed in 2020.

What is unit 1421 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 1421, MAG 318 Tower

Starts from the last sale price (AED 900K, 11 May 2023). Switch to today's estimate once you have unlocked it.
Price
AED 900,000
Deposit, UAE resident (20%)
AED 180,000
Deposit, non-resident (40%)
AED 360,000
Monthly over 25 years at 3.7%
AED 3,682

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