Unit 2023, MAG 318: what it sold for and what it is worth now

Unit 2023 at MAG 318 is a studio of 446 sq ft. It last sold for AED 897,809 on 26 Jul 2021. At AED 2,343 per sq ft, from 6 sales of units ending 23 (same position in the tower), it is worth about AED 1,045,000 today.

Value todayAED 1,045,000AED 1,040,000 to AED 1,088,000
Last saleAED 897,80926 Jul 2021 · Resale
Change since last sale+16.4%Building trend alone: AED 1,229,282
Rent (median asking, studio)AED 65,000Gross yield 6.2%
Bedroomsstudio
Size446 sq ft
Floor20 (from the unit number)
Position in the towerStack 23: units ending 23 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 2023

DatePriceSizeAED/sq ftType
26 Jul 2021AED 897,809446 sq ft2,013Resale

Units ending 23 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
21239 Jul 2026AED 950,000446 sq ft2,130Resale
192325 Jun 2025AED 1,100,000446 sq ft2,466Resale
112318 May 2025AED 1,050,000446 sq ft2,354Resale
22235 Feb 2025AED 1,100,000446 sq ft2,466Resale
15233 Feb 2025AED 1,040,000446 sq ft2,332Resale
102312 Nov 2024AED 1,040,000446 sq ft2,332Resale
18238 Dec 2023AED 1,000,000446 sq ft2,242Resale
212321 Mar 2023AED 930,000446 sq ft2,085Resale

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 6 resale sales of units ending 23 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 2,343). We multiplied it by the size of this unit (446 sq ft). The range uses the middle half of those sales (AED 2,332 to AED 2,438 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 1,229,282. 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 2023 at MAG 318 worth?

About AED 1,045,000 (range AED 1,040,000 to AED 1,088,000), based on AED 2,343 per sq ft from registered sales up to 16 Sep 2026.

When did unit 2023 last sell?

26 Jul 2021, for AED 897,809 (resale). It has 1 registered sale.

What rent can unit 2023 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 2022 · Unit 2024