Unit 311, Magnolia 1: what it sold for and what it is worth now

Unit 311 at Magnolia 1 is a 1 bed of 952 sq ft. It last sold for AED 575,000 on 24 Jul 2023. At AED 738 per sq ft, from 7 sales in the building in the last 12 months (1 bed), it is worth about AED 702,000 today.

Value todayAED 702,000AED 652,000 to AED 768,000
Last saleAED 575,00024 Jul 2023 · Resale
Change since last sale+22.1%Building trend alone: AED 723,632
Rent (median asking, 1 bed)AED 60,000Gross yield 8.5%
Bedrooms1 bed
Size952 sq ft
Floor3 (from the unit number)
Position in the towerStack 11: units ending 11 share the same layout and view
BuildingMagnolia 1 by DAMAC Properties, handed over 2010
Registered sales of this unit2

Every registered sale of unit 311

DatePriceSizeAED/sq ftType
24 Jul 2023AED 575,000952 sq ft604Resale
9 Mar 2021AED 430,000952 sq ft452Resale

Units ending 11 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
21113 Jun 2024AED 600,000952 sq ft630Resale

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 (952 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 723,632. 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 311 at Magnolia 1 worth?

About AED 702,000 (range AED 652,000 to AED 768,000), based on AED 738 per sq ft from registered sales up to 7 Oct 2026.

When did unit 311 last sell?

24 Jul 2023, for AED 575,000 (resale). It has 2 registered sales.

What rent can unit 311 make?

A 1 bed in Magnolia 1 rents for about AED 60,000 a year (median asking rent). That is a gross yield of 8.5% on the estimate.

Sales alert for Magnolia 1All sales in Magnolia 1

Unit 306 · Unit 312