Unit 1316, MAG 318: what it sold for and what it is worth now

Unit 1316 at MAG 318 is a studio of 440 sq ft. It last sold for AED 808,500 on 23 Feb 2020. At AED 2,425 per sq ft, from 21 sales in the building in the last 12 months (studio), it is worth about AED 1,067,000 today.

Value todayAED 1,067,000AED 980,000 to AED 1,092,000
Last saleAED 808,50023 Feb 2020 · Off-plan
Change since last sale+32.0% 
Rent (median asking, studio)AED 65,000Gross yield 6.1%
Bedroomsstudio
Size440 sq ft
Floor13 (from the unit number)
Position in the towerStack 16: units ending 16 share the same layout and view
BuildingMAG 318 by MAG Property Development, handed over 2021
Registered sales of this unit1

Every registered sale of unit 1316

DatePriceSizeAED/sq ftType
23 Feb 2020AED 808,500440 sq ft1,838Off-plan

Units ending 16 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
191629 Aug 2025AED 1,075,000440 sq ft2,443Resale
71629 May 2023AED 1,000,000441 sq ft2,268Resale
91623 Jan 2023AED 925,000440 sq ft2,102Resale
81617 Aug 2022AED 920,000440 sq ft2,091Resale
91610 Sep 2021AED 750,000440 sq ft1,705Resale
201629 Jun 2021AED 965,000440 sq ft2,193Resale
141620 Jun 2021AED 1,010,000440 sq ft2,295Resale
151627 Apr 2021AED 700,000440 sq ft1,591Resale

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 21 sales in MAG 318 in the last 12 months (studio), worked out the price per sq ft of each, and used the middle value (AED 2,425). We multiplied it by the size of this unit (440 sq ft). The range uses the middle half of those sales (AED 2,227 to AED 2,483 per sq ft). 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 1316 at MAG 318 worth?

About AED 1,067,000 (range AED 980,000 to AED 1,092,000), based on AED 2,425 per sq ft from registered sales up to 16 Sep 2026.

When did unit 1316 last sell?

23 Feb 2020, for AED 808,500 (off-plan). It has 1 registered sale.

What rent can unit 1316 make?

A studio in MAG 318 rents for about AED 65,000 a year (median asking rent). That is a gross yield of 6.1% on the estimate.

Sales alert for MAG 318All sales in MAG 318

Unit 1315 · Unit 1318