Unit 401, MAG 318: what it sold for and what it is worth now

Unit 401 at MAG 318 is a 2 bed of 1,257 sq ft. It last sold for AED 1,700,000 on 29 Sep 2021. At AED 2,079 per sq ft, from 4 sales of units ending 01 (same position in the tower), it is worth about AED 2,613,000 today.

Value todayAED 2,613,000AED 2,507,000 to AED 2,705,000
Last saleAED 1,700,00029 Sep 2021 · Resale
Change since last sale+53.7%Building trend alone: AED 2,296,907
Rent (median asking, 2 bed)AED 130,000Gross yield 5.0%
Bedrooms2 bed
Size1,257 sq ft
Floor4 (from the unit number)
Position in the towerStack 01: units ending 01 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 401

DatePriceSizeAED/sq ftType
29 Sep 2021AED 1,700,0001,257 sq ft1,352Resale

Units ending 01 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
18011 Jul 2026AED 1,750,000819 sq ft2,137Resale
170118 Sep 2025AED 1,570,000819 sq ft1,917Resale
200114 Apr 2025AED 1,800,000819 sq ft2,198Resale
170130 Oct 2024AED 1,655,000819 sq ft2,021Resale
5012 Aug 2024AED 1,580,000821 sq ft1,924Resale
180128 Feb 2023AED 1,450,000819 sq ft1,770Resale
210116 Sep 2022AED 1,490,000819 sq ft1,819Resale
200110 Jan 2022AED 1,700,000819 sq ft2,076Resale

Latest 2 bed sales in MAG 318

UnitDatePriceSizeAED/sq ftType
71116 Sep 2026AED 2,000,000967 sq ft2,068Resale
40814 Sep 2026AED 2,800,0001,602 sq ft1,748Resale
120212 Feb 2026AED 2,000,000967 sq ft2,068Resale
152429 Aug 2025AED 2,250,0001,043 sq ft2,157Resale
180228 Aug 2025AED 2,150,000967 sq ft2,223Resale
141221 Jul 2025AED 2,255,000966 sq ft2,334Resale
111211 Apr 2025AED 2,050,000966 sq ft2,122Resale
192418 Mar 2025AED 2,000,0001,043 sq ft1,918Resale

How we worked out the value

We took the 4 resale sales of units ending 01 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 2,079). We multiplied it by the size of this unit (1,257 sq ft). The range uses the middle half of those sales (AED 1,995 to AED 2,152 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 2,296,907. 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 401 at MAG 318 worth?

About AED 2,613,000 (range AED 2,507,000 to AED 2,705,000), based on AED 2,079 per sq ft from registered sales up to 16 Sep 2026.

When did unit 401 last sell?

29 Sep 2021, for AED 1,700,000 (resale). It has 1 registered sale.

What rent can unit 401 make?

A 2 bed in MAG 318 rents for about AED 130,000 a year (median asking rent). That is a gross yield of 5.0% on the estimate.

Sales alert for MAG 318All sales in MAG 318

Unit 402