1-bed · 869 sqftMAG 318 Tower, Business Bay · 4th floor · completed 2020

405, MAG 318 Tower

Name: Yalla Value Property Public Auction LLC
Address: Empire Heights, Office No. B-02-15, Floor P3, Business Bay, Dubai, AE
Telephone: +971585995901

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.

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Unit 405 · DLD and Ejari recordsUpdated 15 December 2020

Last soldAED 1.96M15 December 2020

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Today's valuefree after one verification

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Property timeline for 405, MAG 318 Tower

Today

What is 405 worth today?

Last sold for AED 1,955,000 in 2020

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15 Dec 2020

15 Dec 2020Sold by developerOff-plan

AED 1,955,000AED 2,249 per sqft

Source: Dubai Land Department. Updated 15 December 2020.

Key facts

Type: 1-bed apartment
Size: 869 sqft
Floor: 4th of 22
Parking: P3-04
Developer: MAG
Completed: 2020
Service charge: AED 20,000 /yr
Last sold: AED 1.96M · December 2020
Building: MAG 318 Tower

About 405, MAG 318 Tower

405 is a one-bedroom apartment of 869 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 1,955,000, or AED 2,249 per sqft, 8% above the AED 2,086 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 405 over time

Sales

Unit 405, each saleTypical one-bed in MAG 318 Tower

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

Rents

Unit 405, each contractTypical one-bed in MAG 318 Tower

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 405 sits

All 48 1-beds →

1-beds in MAG 318 Tower · last 12 months1,763 /sqft MAG 318 Tower · all types2,286 /sqft

405 last sold in December 2020 at AED 2,249 per sqft, 8% above 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.

Recent 1-bed sales	Size	Price (AED)	Per sqft
27 Jul 202627 July 2026	982 sqft	1,732,516	1,763
1 Jul 20261 July 2026	819 sqft	1,750,000	2,136
22 Jan 202622 January 2026	982 sqft	1,710,000	1,740
18 Sep 202518 September 2025	819 sqft	1,570,000	1,916

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 4th floor

All 439 units in MAG 318 Tower


401	2-bed	1,257 sqft	AED 1.7MAED 1,700,000 · Sep 2021September 2021	155,000 /yr
402	Studio	438 sqft	AED 1.08MAED 1,075,000 · Dec 2020December 2020
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
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

1–7 of 12

405, MAG 318 Tower in numbers

Sold once: by MAG on 15 December 2020 for AED 1,955,000, or AED 2,249 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 15 December 2020.

Questions about 405, MAG 318 Tower

What did unit 405 last sell for?

AED 1,955,000 on 15 December 2020, sold by the developer: AED 2,249 per sqft for 869 sqft. It is the only registered sale of the unit.

How big is unit 405?

869 sqft (80.7 sqm): a one-bedroom apartment on the 4th floor of a 22-storey tower completed in 2020.

What is unit 405 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 405, MAG 318 Tower

Starts from the last sale price (AED 1.96M, 15 December 2020). Switch to today's estimate once you have unlocked it.

Price: AED 1,955,000
Deposit, UAE resident (20%): AED 391,000
Deposit, non-resident (40%): AED 782,000
Monthly over 25 years at 3.7%: AED 7,999

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