402, MAG 318 Tower
Sold prices and rental history: sold once, by the developer in December 2020, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 402, MAG 318 Tower
What is 402 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 15 December 2020.
Key facts
- Type
- Studio apartment
- Size
- 438 sqft
- Floor
- 4th of 22
- Parking
- P3-01
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 10,100 /yr
- Last sold
- AED 1.08M · December 2020
- Building
- MAG 318 Tower
About 402, MAG 318 Tower
402 is a studio of 438 sqft on the 4th floor of MAG 318 Tower, a 22-storey tower in Business Bay completed in 2020 by MAG. The developer sold it on 15 December 2020 for AED 1,075,000, or AED 2,453 per sqft, 30% above the AED 1,894 studios in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 402 over time
402 has sold once; the dashed line is the studio median of each year in the building.
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 402 sits
All 316 studios →402 last sold in December 2020 at AED 2,453 per sqft, 30% above what studios in MAG 318 Tower were fetching at the time (AED 1,894). 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.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 22 Oct 202622 October 2026 | 432 sqft | 850,000 | 1,968 | ||
| 27 Aug 202627 August 2026 | 433 sqft | 920,000 | 2,125 | ||
| 7 Aug 20267 August 2026 | 440 sqft | 850,000 | 1,932 | ||
| 21 Jul 202621 July 2026 | 441 sqft | 850,000 | 1,926 |
MAG 318 Tower
Building439 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%
Other units on the 4th floor
All 439 units in MAG 318 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 2-bed | 1,257 sqft | AED 1.7MAED 1,700,000 · Sep 2021September 2021 | 155,000 /yr | |
| 403 | Studio | 433 sqft | AED 1.05MAED 1,050,000 · Feb 2026February 2026 | 80,000 /yr | |
| 404 | Studio | 434 sqft | AED 780KAED 780,000 · Jul 2018July 2018 | 64,200 /yr | |
| 405 | 1-bed | 869 sqft | AED 1.96MAED 1,955,000 · Dec 2020December 2020 | ||
| 406 | 1-bed | 872 sqft | AED 1.96MAED 1,955,000 · Dec 2020December 2020 | 120,000 /yr | |
| 407 | 1-bed | 876 sqft | AED 1.81MAED 1,810,000 · Apr 2021April 2021 | 105,000 /yr | |
| 408 | 2-bed | 1,602 sqft | AED 2.8MAED 2,800,000 · Sep 2026September 2026 | ||
| 409 | 1-bed | 1,563 sqft | AED 1.85MAED 1,850,962 · Sep 2021September 2021 | 155,000 /yr | |
| 410 | 2-bed | 2,076 sqft | AED 2.25MAED 2,250,000 · Dec 2020December 2020 | 160,000 /yr | |
| 411 | 1-bed | 890 sqft | AED 1.96MAED 1,955,000 · Dec 2020December 2020 | 86,400 /yr | |
| 412 | Studio | 439 sqft | AED 780KAED 780,000 · May 2018May 2018 | 56,000 /yr | |
| 413 | 1-bed | 1,203 sqft | AED 1.52MAED 1,523,090 · Sep 2020September 2020 | 121,275 /yr |
402, MAG 318 Tower in numbers
- Sold once: by MAG on 15 December 2020 for AED 1,075,000, or AED 2,453 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 15 December 2020.
Questions about 402, MAG 318 Tower
What did unit 402 last sell for?
AED 1,075,000 on 15 December 2020, sold by the developer: AED 2,453 per sqft for 438 sqft. It is the only registered sale of the unit.
How big is unit 402?
438 sqft (40.7 sqm): a studio on the 4th floor of a 22-storey tower completed in 2020.
What is unit 402 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.
Selling 402? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 402, MAG 318 Tower
Starts from the last sale price (AED 1.08M, 15 December 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 1,075,000
- Deposit, UAE resident (20%)
- AED 215,000
- Deposit, non-resident (40%)
- AED 430,000
- Monthly over 25 years at 3.7%
- AED 4,398
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →