406, MAG 318 Tower
Sold prices and rental history: sold once, by the developer in December 2020, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 406, MAG 318 Tower
What is 406 worth today?
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Source: Dubai Land Department. Updated 26 June 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 872 sqft
- Floor
- 4th of 22
- Parking
- P3-05
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 20,100 /yr
- Last sold
- AED 1.96M · December 2020
- Building
- MAG 318 Tower
About 406, MAG 318 Tower
406 is a one-bedroom apartment of 872 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 2,242 per sqft, 7% above the AED 2,086 one-beds in the building were fetching at the time.
It has been rented continuously since 2021 on 7 Ejari contracts. The current contract, renewed on 26 June 2026, is AED 120,000 a year: a gross yield of 6.1% on the 2020 price, before the service charge of about AED 20,100 a year.
Sales and rents for 406 over time
406 has sold once; the dashed line is the one-bed median of each year in the building.
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 406 sits
All 48 1-beds →406 last sold in December 2020 at AED 2,242 per sqft, 7% 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. 406's AED 120,000 is in the upper half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 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 |
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 | |
| 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 | |
| 405 | 1-bed | 869 sqft | AED 1.96MAED 1,955,000 · Dec 2020December 2020 | ||
| 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 |
406, MAG 318 Tower in numbers
- Sold once: by MAG on 15 December 2020 for AED 1,955,000, or AED 2,242 per sqft.
- Rented since August 2021 on 7 Ejari contracts, from AED 77,500 to AED 120,000 a year.
- At AED 120,000 a year the gross yield on the 2020 price is 6.1%, before a service charge of about AED 20,100 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 26 June 2026.
Questions about 406, MAG 318 Tower
What did unit 406 last sell for?
AED 1,955,000 on 15 December 2020, sold by the developer: AED 2,242 per sqft for 872 sqft. It is the only registered sale of the unit.
What is the rent for unit 406?
AED 120,000 a year on the contract renewed on 26 June 2026. The previous contract, from June 2025, was AED 120,000; the unit has been rented since August 2021.
How big is unit 406?
872 sqft (81.0 sqm): a one-bedroom apartment on the 4th floor of a 22-storey tower completed in 2020.
What is unit 406 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 406, 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 →