Unit 408, MAG 318: what it sold for and what it is worth now

Unit 408 at MAG 318 is a 2 bed of 1,602 sq ft. It last sold for AED 2,800,000 on 14 Sep 2026. At AED 2,263 per sq ft, from 4 sales of units ending 08 (same position in the tower), it is worth about AED 3,626,000 today.

Value todayAED 3,626,000AED 3,253,000 to AED 3,894,000
Last saleAED 2,800,00014 Sep 2026 · Resale
Change since last sale+29.5%Building trend alone: AED 3,024,192
Rent (median asking, 2 bed)AED 130,000Gross yield 3.6%
Bedrooms2 bed
Size1,602 sq ft
Floor4 (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 408

DatePriceSizeAED/sq ftType
14 Sep 2026AED 2,800,0001,602 sq ft1,748Resale

Units ending 08 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
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
170824 Oct 2022AED 850,000433 sq ft1,963Resale
14089 Jun 2022AED 800,000433 sq ft1,848Resale

Latest 2 bed sales in MAG 318

UnitDatePriceSizeAED/sq ftType
71116 Sep 2026AED 2,000,000967 sq ft2,068Resale
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
71126 Feb 2025AED 2,050,000967 sq ft2,120Resale

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 (1,602 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 3,024,192. 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 408 at MAG 318 worth?

About AED 3,626,000 (range AED 3,253,000 to AED 3,894,000), based on AED 2,263 per sq ft from registered sales up to 16 Sep 2026.

When did unit 408 last sell?

14 Sep 2026, for AED 2,800,000 (resale). It has 1 registered sale.

What rent can unit 408 make?

A 2 bed in MAG 318 rents for about AED 130,000 a year (median asking rent). That is a gross yield of 3.6% on the estimate.

Sales alert for MAG 318All sales in MAG 318

Unit 407 · Unit 409