Unit 1708, MAG 318: what it sold for and what it is worth now

Unit 1708 at MAG 318 is a studio of 433 sq ft. It last sold for AED 850,000 on 24 Oct 2022. At AED 2,263 per sq ft, from 4 sales of units ending 08 (same position in the tower), it is worth about AED 980,000 today.

Value todayAED 980,000AED 879,000 to AED 1,053,000
Last saleAED 850,00024 Oct 2022 · Resale
Change since last sale+15.3%Building trend alone: AED 962,197
Rent (median asking, studio)AED 65,000Gross yield 6.6%
Bedroomsstudio
Size433 sq ft
Floor17 (from the unit number)
Position in the towerStack 08: units ending 08 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 1708

DatePriceSizeAED/sq ftType
24 Oct 2022AED 850,000433 sq ft1,963Resale

Units ending 08 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
40814 Sep 2026AED 2,800,0001,602 sq ft1,748Resale
90827 Aug 2026AED 920,000433 sq ft2,125Resale
130831 Jul 2025AED 1,090,000433 sq ft2,517Resale
110813 Jan 2025AED 1,040,000433 sq ft2,402Resale
190811 Jul 2023AED 990,000433 sq ft2,286Resale
19087 Dec 2022AED 900,000433 sq ft2,079Resale
60817 Nov 2022AED 880,000433 sq ft2,032Resale
14089 Jun 2022AED 800,000433 sq ft1,848Resale

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 4 resale sales of units ending 08 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 2,263). We multiplied it by the size of this unit (433 sq ft). The range uses the middle half of those sales (AED 2,030 to AED 2,431 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 962,197. 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 1708 at MAG 318 worth?

About AED 980,000 (range AED 879,000 to AED 1,053,000), based on AED 2,263 per sq ft from registered sales up to 16 Sep 2026.

When did unit 1708 last sell?

24 Oct 2022, for AED 850,000 (resale). It has 1 registered sale.

What rent can unit 1708 make?

A studio in MAG 318 rents for about AED 65,000 a year (median asking rent). That is a gross yield of 6.6% on the estimate.

Sales alert for MAG 318All sales in MAG 318

Unit 1707 · Unit 1709