Unit 605, MAG 318: what it sold for and what it is worth now

Unit 605 at MAG 318 is a studio of 432 sq ft. It last sold for AED 1,075,000 on 15 Dec 2020. 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 1,075,00015 Dec 2020 · Off-plan
Change since last sale-2.5%Building trend alone: AED 1,310,506
Rent (median asking, studio)AED 65,000Gross yield 6.2%
Bedroomsstudio
Size432 sq ft
Floor6 (from the unit number)
Position in the towerStack 05: units ending 05 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 605

DatePriceSizeAED/sq ftType
15 Dec 2020AED 1,075,000432 sq ft2,488Off-plan

Units ending 05 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
120530 Dec 2024AED 1,030,000432 sq ft2,384Resale
150523 Apr 2024AED 1,000,000432 sq ft2,315Resale
200512 Jul 2023AED 930,000432 sq ft2,153Resale
220522 Mar 2023AED 920,000432 sq ft2,130Resale
16051 Mar 2023AED 950,000432 sq ft2,199Resale
14053 Aug 2022AED 835,000432 sq ft1,933Resale
160524 Jun 2022AED 845,000432 sq ft1,956Resale
140516 Jun 2022AED 740,000432 sq ft1,713Resale

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 1,310,506. 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 605 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 605 last sell?

15 Dec 2020, for AED 1,075,000 (off-plan). It has 1 registered sale.

What rent can unit 605 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 604 · Unit 608