Unit 1204, MAG 318: what it sold for and what it is worth now

Unit 1204 at MAG 318 is a studio of 433 sq ft. It last sold for AED 453,500 on 14 Feb 2021. At AED 2,483 per sq ft, from 3 sales of units ending 04 (same position in the tower), it is worth about AED 1,075,000 today.

Value todayAED 1,075,000AED 1,033,000 to AED 1,088,000
Last saleAED 453,50014 Feb 2021 · Resale
Change since last sale+137.0%Building trend alone: AED 578,999
Rent (median asking, studio)AED 65,000Gross yield 6.0%
Bedroomsstudio
Size433 sq ft
Floor12 (from the unit number)
Position in the towerStack 04: units ending 04 share the same layout and view
BuildingMAG 318 by MAG Property Development, handed over 2021
Registered sales of this unit2

Every registered sale of unit 1204

DatePriceSizeAED/sq ftType
14 Feb 2021AED 453,500433 sq ft1,047Resale
1 Mar 2020AED 757,000433 sq ft1,748Off-plan

Units ending 04 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
160420 Jul 2026AED 990,000433 sq ft2,286Resale
150420 Nov 2025AED 1,075,000433 sq ft2,483Resale
70419 Dec 2024AED 1,100,000433 sq ft2,540Resale
9046 Dec 2023AED 945,000433 sq ft2,182Resale
170416 Nov 2023AED 990,000433 sq ft2,286Resale
200428 Sep 2023AED 970,000433 sq ft2,240Resale
60414 Jun 2023AED 940,000433 sq ft2,171Resale
150425 May 2023AED 920,000433 sq ft2,125Resale

Latest studio sales in MAG 318

UnitDatePriceSizeAED/sq ftType
90827 Aug 2026AED 920,000433 sq ft2,125Resale
10217 Aug 2026AED 850,000440 sq ft1,932Resale
182221 Jul 2026AED 850,000441 sq ft1,927Resale
160420 Jul 2026AED 990,000433 sq ft2,286Resale
130720 Jul 2026AED 1,000,000432 sq ft2,315Resale
131913 Jul 2026AED 980,000440 sq ft2,227Resale
21239 Jul 2026AED 950,000446 sq ft2,130Resale
6092 Jul 2026AED 1,069,000434 sq ft2,463Resale

How we worked out the value

We took the 3 resale sales of units ending 04 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 2,483). We multiplied it by the size of this unit (433 sq ft). The range uses the middle half of those sales (AED 2,385 to AED 2,512 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 578,999. Floor, view, condition and upgrades can move the price either way. Sales data to 16 Sep 2026, from the Dubai Land Department register.

Questions

What is unit 1204 at MAG 318 worth?

About AED 1,075,000 (range AED 1,033,000 to AED 1,088,000), based on AED 2,483 per sq ft from registered sales up to 16 Sep 2026.

When did unit 1204 last sell?

14 Feb 2021, for AED 453,500 (resale). It has 2 registered sales.

What rent can unit 1204 make?

A studio in MAG 318 rents for about AED 65,000 a year (median asking rent). That is a gross yield of 6.0% on the estimate.

Sales alert for MAG 318All sales in MAG 318

Unit 1203 · Unit 1205