407, MAG 318 Tower
Sold prices and rental history: sold once, by the developer in April 2021, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 407, MAG 318 Tower
What is 407 worth today?
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Source: Dubai Land Department. Updated 15 October 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 876 sqft
- Floor
- 4th of 22
- Parking
- P3-06
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 20,200 /yr
- Last sold
- AED 1.81M · April 2021
- Building
- MAG 318 Tower
About 407, MAG 318 Tower
407 is a one-bedroom apartment of 876 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 26 April 2021 for AED 1,810,000, or AED 2,066 per sqft, in line with the AED 2,086 one-beds in the building were fetching at the time.
It has been rented continuously since 2022 on 6 Ejari contracts. The current contract, signed on 15 October 2026, is AED 105,000 a year: a gross yield of 5.8% on the 2021 price, before the service charge of about AED 20,200 a year.
Sales and rents for 407 over time
407 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 407 sits
All 48 1-beds →407 last sold in April 2021 at AED 2,066 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. 407's AED 105,000 is in the lower 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 | ||
| 406 | 1-bed | 872 sqft | AED 1.96MAED 1,955,000 · Dec 2020December 2020 | 120,000 /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 |
407, MAG 318 Tower in numbers
- Sold once: by MAG on 26 April 2021 for AED 1,810,000, or AED 2,066 per sqft.
- Rented since April 2022 on 6 Ejari contracts, from AED 95,000 to AED 105,000 a year.
- At AED 105,000 a year the gross yield on the 2021 price is 5.8%, before a service charge of about AED 20,200 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 15 October 2026.
Questions about 407, MAG 318 Tower
What did unit 407 last sell for?
AED 1,810,000 on 26 April 2021, sold by the developer: AED 2,066 per sqft for 876 sqft. It is the only registered sale of the unit.
What is the rent for unit 407?
AED 105,000 a year on the contract signed on 15 October 2026. The previous contract, from October 2026, was AED 105,000; the unit has been rented since April 2022.
How big is unit 407?
876 sqft (81.4 sqm): a one-bedroom apartment on the 4th floor of a 22-storey tower completed in 2020.
What is unit 407 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 407, MAG 318 Tower
Starts from the last sale price (AED 1.81M, 26 April 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 1,810,000
- Deposit, UAE resident (20%)
- AED 362,000
- Deposit, non-resident (40%)
- AED 724,000
- Monthly over 25 years at 3.7%
- AED 7,405
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →