412, MAG 318 Tower
Sold prices and rental history: sold once, by the developer in May 2018, 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 412, MAG 318 Tower
What is 412 worth today?
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Source: Dubai Land Department. Updated 1 September 2026.
Key facts
- Type
- Studio apartment
- Size
- 439 sqft
- Floor
- 4th of 22
- Parking
- P3-08
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 10,100 /yr
- Last sold
- AED 780K · May 2018
- Building
- MAG 318 Tower
About 412, MAG 318 Tower
412 is a studio of 439 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 20 May 2018 for AED 780,000, or AED 1,777 per sqft, in line with the AED 1,800 studios in the building were fetching at the time.
It has been rented continuously since 2022 on 5 Ejari contracts. The current contract, signed on 1 September 2026, is AED 56,000 a year: a gross yield of 7.2% on the 2018 price, before the service charge of about AED 10,100 a year.
Sales and rents for 412 over time
412 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 412 sits
All 316 studios →412 last sold in May 2018 at AED 1,777 per sqft, in line with what studios in MAG 318 Tower were fetching at the time (AED 1,800). 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. 412's AED 56,000 is in the lower half of that range.
| 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 | |
| 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 | |
| 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 | |
| 413 | 1-bed | 1,203 sqft | AED 1.52MAED 1,523,090 · Sep 2020September 2020 | 121,275 /yr |
412, MAG 318 Tower in numbers
- Sold once: by MAG on 20 May 2018 for AED 780,000, or AED 1,777 per sqft.
- Rented since March 2022 on 5 Ejari contracts, from AED 63,000 to AED 56,000 a year.
- At AED 56,000 a year the gross yield on the 2018 price is 7.2%, before a service charge of about AED 10,100 a year (AED 23.06 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 1 September 2026.
Questions about 412, MAG 318 Tower
What did unit 412 last sell for?
AED 780,000 on 20 May 2018, sold by the developer: AED 1,777 per sqft for 439 sqft. It is the only registered sale of the unit.
What is the rent for unit 412?
AED 56,000 a year on the contract signed on 1 September 2026. The previous contract, from March 2025, was AED 65,000; the unit has been rented since March 2022.
How big is unit 412?
439 sqft (40.8 sqm): a studio on the 4th floor of a 22-storey tower completed in 2020.
What is unit 412 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.
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Mortgage on 412, MAG 318 Tower
Starts from the last sale price (AED 780K, 20 May 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 780,000
- Deposit, UAE resident (20%)
- AED 156,000
- Deposit, non-resident (40%)
- AED 312,000
- Monthly over 25 years at 3.7%
- AED 3,191
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →