Unit 1610, MAG 318: what it sold for and what it is worth now

Unit 1610 at MAG 318 is a studio of 432 sq ft. It last sold for AED 1,100,000 on 3 Jul 2024. At AED 2,425 per sq ft, from 21 sales in the building in the last 12 months (studio), it is worth about AED 1,048,000 today.

Value todayAED 1,048,000AED 962,000 to AED 1,073,000
Last saleAED 1,100,0003 Jul 2024 · Resale
Change since last sale-4.7%Building trend alone: AED 1,092,048
Rent (median asking, studio)AED 65,000Gross yield 6.2%
Bedroomsstudio
Size432 sq ft
Floor16 (from the unit number)
Position in the towerStack 10: units ending 10 share the same layout and view
BuildingMAG 318 by MAG Property Development, handed over 2021
Registered sales of this unit3

Every registered sale of unit 1610

DatePriceSizeAED/sq ftType
3 Jul 2024AED 1,100,000432 sq ft2,546Resale
20 Mar 2023AED 935,000432 sq ft2,164Resale
3 Feb 2022AED 700,000432 sq ft1,620Resale

Units ending 10 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
221027 Jan 2026AED 1,160,000432 sq ft2,685Resale
221021 Aug 2024AED 1,050,000432 sq ft2,431Resale
15101 Apr 2024AED 1,050,000432 sq ft2,431Resale
101030 Jan 2024AED 950,000432 sq ft2,199Resale
9103 May 2023AED 900,000432 sq ft2,083Resale
191015 Nov 2022AED 875,000432 sq ft2,025Resale
211013 Sep 2021AED 766,100432 sq ft1,773Resale
181020 Jun 2021AED 1,010,000432 sq ft2,338Resale

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 (432 sq ft). The range uses the middle half of those sales (AED 2,227 to AED 2,483 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 1,092,048. 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 1610 at MAG 318 worth?

About AED 1,048,000 (range AED 962,000 to AED 1,073,000), based on AED 2,425 per sq ft from registered sales up to 16 Sep 2026.

When did unit 1610 last sell?

3 Jul 2024, for AED 1,100,000 (resale). It has 3 registered sales.

What rent can unit 1610 make?

A studio in MAG 318 rents for about AED 65,000 a year (median asking rent). That is a gross yield of 6.2% on the estimate.

Sales alert for MAG 318All sales in MAG 318

Unit 1609 · Unit 1612