Unit 118, Magnolia 1: what it sold for and what it is worth now

Unit 118 at Magnolia 1 is a 1 bed of 972 sq ft. It last sold for AED 650,000 on 22 May 2024. At AED 738 per sq ft, from 7 sales in the building in the last 12 months (1 bed), it is worth about AED 717,000 today.

Value todayAED 717,000AED 665,000 to AED 784,000
Last saleAED 650,00022 May 2024 · Resale
Change since last sale+10.3%Building trend alone: AED 712,262
Rent (median asking, 1 bed)AED 60,000Gross yield 8.4%
Bedrooms1 bed
Size972 sq ft
Floor1 (from the unit number)
Position in the towerStack 18: units ending 18 share the same layout and view
BuildingMagnolia 1 by DAMAC Properties, handed over 2010
Registered sales of this unit1

Every registered sale of unit 118

DatePriceSizeAED/sq ftType
22 May 2024AED 650,000972 sq ft669Resale

Latest 1 bed sales in Magnolia 1

UnitDatePriceSizeAED/sq ftType
G137 Oct 2026AED 635,000911 sq ft697Resale
G111 Oct 2026AED 1,200,0001,091 sq ft1,100Resale
30419 Aug 2026AED 740,000978 sq ft757Resale
3034 Mar 2026AED 920,0001,075 sq ft856Resale
40611 Feb 2026AED 960,0001,550 sq ft619Resale
G063 Nov 2025AED 1,149,9801,711 sq ft672Resale
10516 Oct 2025AED 720,000976 sq ft738Resale
G051 Oct 2025AED 795,0001,142 sq ft696Resale

How we worked out the value

We took the 7 sales in Magnolia 1 in the last 12 months (1 bed), worked out the price per sq ft of each, and used the middle value (AED 738). We multiplied it by the size of this unit (972 sq ft). The range uses the middle half of those sales (AED 685 to AED 806 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 712,262. Floor, view, condition and upgrades can move the price either way. Sales data to 7 Oct 2026, from the Dubai Land Department register.

Questions

What is unit 118 at Magnolia 1 worth?

About AED 717,000 (range AED 665,000 to AED 784,000), based on AED 738 per sq ft from registered sales up to 7 Oct 2026.

When did unit 118 last sell?

22 May 2024, for AED 650,000 (resale). It has 1 registered sale.

What rent can unit 118 make?

A 1 bed in Magnolia 1 rents for about AED 60,000 a year (median asking rent). That is a gross yield of 8.4% on the estimate.

Sales alert for Magnolia 1All sales in Magnolia 1

Unit 116 · Unit 119