Unit 722, MAG 318: what it sold for and what it is worth now

Unit 722 at MAG 318 is a 2 bed of 1,042 sq ft. It last sold for AED 2,250,000 on 15 Dec 2020. At AED 2,336 per sq ft, from 4 sales of units ending 22 (same position in the tower), it is worth about AED 2,434,000 today.

Value todayAED 2,434,000AED 2,310,000 to AED 2,478,000
Last saleAED 2,250,00015 Dec 2020 · Off-plan
Change since last sale+8.2%Building trend alone: AED 2,742,920
Rent (median asking, 2 bed)AED 130,000Gross yield 5.3%
Bedrooms2 bed
Size1,042 sq ft
Floor7 (from the unit number)
Position in the towerStack 22: units ending 22 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 722

DatePriceSizeAED/sq ftType
15 Dec 2020AED 2,250,0001,042 sq ft2,159Off-plan

Units ending 22 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
182221 Jul 2026AED 850,000441 sq ft1,927Resale
192225 Aug 2025AED 1,075,000441 sq ft2,438Resale
15223 Apr 2025AED 1,040,000441 sq ft2,358Resale
182225 Feb 2025AED 1,020,000441 sq ft2,313Resale
132228 Aug 2024AED 1,030,000441 sq ft2,336Resale
222215 Mar 2024AED 1,050,000441 sq ft2,381Resale
182211 Jan 2024AED 950,000441 sq ft2,154Resale
22222 Feb 2023AED 975,000441 sq ft2,211Resale

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 22 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 2,336). We multiplied it by the size of this unit (1,042 sq ft). The range uses the middle half of those sales (AED 2,217 to AED 2,378 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 2,742,920. 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 722 at MAG 318 worth?

About AED 2,434,000 (range AED 2,310,000 to AED 2,478,000), based on AED 2,336 per sq ft from registered sales up to 16 Sep 2026.

When did unit 722 last sell?

15 Dec 2020, for AED 2,250,000 (off-plan). It has 1 registered sale.

What rent can unit 722 make?

A 2 bed in MAG 318 rents for about AED 130,000 a year (median asking rent). That is a gross yield of 5.3% on the estimate.

Sales alert for MAG 318All sales in MAG 318

Unit 720 · Unit 801