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2-bed · 1,043 sqftMAG 318 Tower, Business Bay · 14th floor · completed 2020

1424, MAG 318 Tower

Sold prices and rental history: sold once, by the developer in May 2019, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1424 · DLD and Ejari recordsUpdated 1 November 2025
Last soldAED 1.75M20 May 2019
Current rentAED 220K /yr1 November 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1424, MAG 318 Tower

What is 1424 worth today?

Last sold for AED 1,746,500 in 2019

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1 Nov 2025RentedNew contract
AED 220,000/yr12 months · AED 211 per sqft
6 Nov 2023RentedNew contract
AED 175,000/yr12 months · AED 168 per sqft
20 May 2019Sold by developerOff-plan
AED 1,746,500AED 1,674 per sqft

Source: Dubai Land Department. Updated 1 November 2025.

Key facts

Type
2-bed apartment
Size
1,043 sqft
Floor
14th of 22
Parking
P1-70 , P1-79
Developer
MAG
Completed
2020
Service charge
AED 24,100 /yr
Last sold
AED 1.75M · May 2019
Building
MAG 318 Tower

About 1424, MAG 318 Tower

1424 is a two-bedroom apartment of 1,043 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 20 May 2019 for AED 1,746,500, or AED 1,674 per sqft, 6% below the AED 1,777 two-beds in the building were fetching at the time.

It has been rented since 2023 on 2 Ejari contracts. The current contract, signed on 1 November 2025, is AED 220,000 a year: a gross yield of 12.6% on the 2019 price, before the service charge of about AED 24,100 a year.

Sales and rents for 1424 over time

Sales
Unit 1424, each saleTypical two-bed in MAG 318 Tower
1.5M2M2018202120242027Typical sale price by year: 2018 AED 1,781,294; 2019 AED 1,782,000; 2020 AED 2,250,000; 2021 AED 1,855,087; 2022 AED 1,357,005; 2024 AED 2,120,000; 2025 AED 2,100,000; 2026 AED 2,000,000Sold by developer, May 2019: AED 1,746,500 (AED 1,674 per sqft)

1424 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1424, each contractTypical two-bed in MAG 318 Tower
100K200K2021202320252027Typical rent by year: 2021 AED 100,000; 2022 AED 120,000; 2023 AED 125,000; 2024 AED 143,000; 2025 AED 145,000; 2026 AED 136,764New contract, November 2023: AED 175,000 a yearNew contract, November 2025: AED 220,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in MAG 318 Tower, and where 1424 sits

All 75 2-beds →

1424 last sold in May 2019 at AED 1,674 per sqft, 6% below what two-beds in MAG 318 Tower were fetching at the time (AED 1,777). Over the last 12 months two-beds sold for AED 2,000,000 to 2,800,000, around AED 2,068 per sqft, and rent for AED 85,000 to 166,000 a year. 1424's AED 220,000 is at the top of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
16 Sep 20262,000,000
14 Sep 20262,800,000
12 Feb 20262,000,000
29 Aug 20252,250,000
3 2-bed 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

1424, MAG 318 Tower in numbers

  • Sold once: by MAG on 20 May 2019 for AED 1,746,500, or AED 1,674 per sqft.
  • Rented since November 2023 on 2 Ejari contracts, from AED 175,000 to AED 220,000 a year.
  • At AED 220,000 a year the gross yield on the 2019 price is 12.6%, before a service charge of about AED 24,100 a year (AED 23.06 per sqft).
  • Two-beds in MAG 318 Tower sold for AED 2,000,000–2,800,000 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 November 2025.

Questions about 1424, MAG 318 Tower

What did unit 1424 last sell for?

AED 1,746,500 on 20 May 2019, sold by the developer: AED 1,674 per sqft for 1,043 sqft. It is the only registered sale of the unit.

What is the rent for unit 1424?

AED 220,000 a year on the contract signed on 1 November 2025. The previous contract, from November 2023, was AED 175,000.

How big is unit 1424?

1,043 sqft (96.9 sqm): a two-bedroom apartment on the 14th floor of a 22-storey tower completed in 2020.

What is unit 1424 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in MAG 318 Tower sold for AED 2,000,000 to 2,800,000 in the last 12 months, around AED 2,068 per sqft.

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Mortgage on 1424, MAG 318 Tower

Starts from the last sale price (AED 1.75M, 20 May 2019). Switch to today's estimate once you have unlocked it.
Price
AED 1,746,500
Deposit, UAE resident (20%)
AED 349,300
Deposit, non-resident (40%)
AED 698,600
Monthly over 25 years at 3.7%
AED 7,145

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