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Studio · 436 sqftMAG 318 Tower, Business Bay · 19th floor · completed 2020

1911, MAG 318 Tower

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

Unit 1911 · DLD and Ejari recordsUpdated 20 November 2024
Last soldAED 1.01M27 May 2021
Current rentAED 80K /yr20 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1911, MAG 318 Tower

What is 1911 worth today?

Last sold for AED 1,010,000 in 2021

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20 Nov 2024RentedNew contract
AED 80,000/yr12 months · AED 184 per sqft
9 Sep 2023RentedRenewal
AED 65,000/yr12 months · AED 149 per sqft
9 Sep 2022RentedNew contract
AED 65,000/yr12 months · AED 149 per sqft
15 Aug 2021RentedNew contract
AED 52,000/yr12 months · AED 119 per sqft
27 May 2021Sold by developerReady
AED 1,010,000AED 2,316 per sqft

Source: Dubai Land Department. Updated 20 November 2024.

Key facts

Type
Studio apartment
Size
436 sqft
Floor
19th of 22
Parking
B2-44
Developer
MAG
Completed
2020
Service charge
AED 10,100 /yr
Last sold
AED 1.01M · May 2021
Building
MAG 318 Tower

About 1911, MAG 318 Tower

1911 is a studio of 436 sqft on the 19th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. The developer sold it on 27 May 2021 for AED 1,010,000, or AED 2,316 per sqft, 20% above the AED 1,926 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, signed on 20 November 2024, is AED 80,000 a year: a gross yield of 7.9% on the 2021 price, before the service charge of about AED 10,100 a year.

Sales and rents for 1911 over time

Sales
Unit 1911, 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, May 2021: AED 1,010,000 (AED 2,316 per sqft)

1911 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 1911, 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, August 2021: AED 52,000 a yearNew contract, September 2022: AED 65,000 a yearRenewal, September 2023: AED 65,000 a yearNew 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 1911 sits

All 316 studios →

1911 last sold in May 2021 at AED 2,316 per sqft, 20% above what studios in MAG 318 Tower were fetching at the time (AED 1,926). 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. 1911'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 19th floor

All 439 units in MAG 318 Tower
Value
19011-bedAED 1.35M · Sep 2021
19022-bedAED 1.88M · Jan 2021
1903StudioAED 774K · Jun 2018
1904StudioAED 809K · Jan 2018
1905StudioAED 760K · Sep 2018
1906StudioAED 1.08M · Dec 2020
1907StudioAED 890K · Jan 2023
1–7 of 23

1911, MAG 318 Tower in numbers

  • Sold once: by MAG on 27 May 2021 for AED 1,010,000, or AED 2,316 per sqft.
  • Rented since August 2021 on 4 Ejari contracts, from AED 52,000 to AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2021 price is 7.9%, 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 20 November 2024.

Questions about 1911, MAG 318 Tower

What did unit 1911 last sell for?

AED 1,010,000 on 27 May 2021, sold by the developer: AED 2,316 per sqft for 436 sqft. It is the only registered sale of the unit.

What is the rent for unit 1911?

AED 80,000 a year on the contract signed on 20 November 2024. The previous contract, from September 2023, was AED 65,000; the unit has been rented since August 2021.

How big is unit 1911?

436 sqft (40.5 sqm): a studio on the 19th floor of a 22-storey tower completed in 2020.

What is unit 1911 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 1911, MAG 318 Tower

Starts from the last sale price (AED 1.01M, 27 May 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,010,000
Deposit, UAE resident (20%)
AED 202,000
Deposit, non-resident (40%)
AED 404,000
Monthly over 25 years at 3.7%
AED 4,132

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