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1-bed · 982 sqftMAG 318 Tower, Business Bay · 20th floor · completed 2020

2013, MAG 318 Tower

Sold prices and rental history: sold once, by the developer in December 2020, and rented once, from November 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2013 · DLD and Ejari recordsUpdated 11 November 2022
Last soldAED 2.05M22 December 2020
Current rentAED 135K /yr11 November 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2013, MAG 318 Tower

What is 2013 worth today?

Last sold for AED 2,050,000 in 2020

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11 Nov 2022RentedNew contract
AED 135,000/yr12 months · AED 137 per sqft
22 Dec 2020Sold by developerOff-plan
AED 2,050,000AED 2,086 per sqft

Source: Dubai Land Department. Updated 11 November 2022.

Key facts

Type
1-bed apartment
Size
982 sqft
Floor
20th of 22
Parking
B2-70
Developer
MAG
Completed
2020
Service charge
AED 22,700 /yr
Last sold
AED 2.05M · December 2020
Building
MAG 318 Tower

About 2013, MAG 318 Tower

2013 is a one-bedroom apartment of 982 sqft on the 20th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. The developer sold it on 22 December 2020 for AED 2,050,000, or AED 2,086 per sqft, in line with the AED 2,086 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 11 November 2022. The current contract, signed on 11 November 2022, is AED 135,000 a year: a gross yield of 6.6% on the 2020 price, before the service charge of about AED 22,700 a year.

Sales and rents for 2013 over time

Sales
Unit 2013, each saleTypical one-bed in MAG 318 Tower
1.5M2M2018202120242027Typical sale price by year: 2018 AED 1,486,232; 2019 AED 1,462,000; 2020 AED 2,050,000; 2021 AED 1,594,787; 2026 AED 1,732,516Sold by developer, December 2020: AED 2,050,000 (AED 2,086 per sqft)

2013 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2013, each contractTypical one-bed in MAG 318 Tower
75K100K125K2021202320252027Typical rent by year: 2021 AED 83,000; 2022 AED 95,000; 2023 AED 105,000; 2024 AED 120,000; 2025 AED 120,000; 2026 AED 95,000New contract, November 2022: AED 135,000 a year

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

1-beds in MAG 318 Tower, and where 2013 sits

All 48 1-beds →

2013 last sold in December 2020 at AED 2,086 per sqft, in line with what one-beds in MAG 318 Tower were fetching at the time (AED 2,086). Over the last 12 months one-beds sold for AED 1,710,000 to 1,750,000, around AED 1,763 per sqft, and rent for AED 79,500 to 135,000 a year. 2013's AED 135,000 is at the top of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
27 Jul 20261,732,516
1 Jul 20261,750,000
22 Jan 20261,710,000
18 Sep 20251,570,000
3 1-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 20th floor

All 439 units in MAG 318 Tower
Value
20011-bedAED 1.8M · Apr 2025
20022-bedAED 1.8M · Aug 2021
2003StudioAED 919K · Jan 2021
2004StudioAED 970K · Sep 2023
2005StudioAED 930K · Jul 2023
2006StudioAED 912K · Aug 2021
2007StudioAED 980K · Dec 2023
1–7 of 23

2013, MAG 318 Tower in numbers

  • Sold once: by MAG on 22 December 2020 for AED 2,050,000, or AED 2,086 per sqft.
  • Rented since November 2022 on one Ejari contract, at AED 135,000 a year.
  • At AED 135,000 a year the gross yield on the 2020 price is 6.6%, before a service charge of about AED 22,700 a year (AED 23.06 per sqft).
  • One-beds in MAG 318 Tower sold for AED 1,710,000–1,750,000 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 11 November 2022.

Questions about 2013, MAG 318 Tower

What did unit 2013 last sell for?

AED 2,050,000 on 22 December 2020, sold by the developer: AED 2,086 per sqft for 982 sqft. It is the only registered sale of the unit.

What is the rent for unit 2013?

AED 135,000 a year on the contract signed on 11 November 2022.

How big is unit 2013?

982 sqft (91.2 sqm): a one-bedroom apartment on the 20th floor of a 22-storey tower completed in 2020.

What is unit 2013 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in MAG 318 Tower sold for AED 1,710,000 to 1,750,000 in the last 12 months, around AED 1,763 per sqft.

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Mortgage on 2013, MAG 318 Tower

Starts from the last sale price (AED 2.05M, 22 December 2020). Switch to today's estimate once you have unlocked it.
Price
AED 2,050,000
Deposit, UAE resident (20%)
AED 410,000
Deposit, non-resident (40%)
AED 820,000
Monthly over 25 years at 3.7%
AED 8,387

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