Unit 316 at Magnolia 1 is a studio of 483 sq ft. It last sold for AED 300,000 on 10 Apr 2023. At AED 893 per sq ft, from 5 sales in the building in the last 12 months (studio), it is worth about AED 431,000 today.
| Bedrooms | studio |
|---|---|
| Size | 483 sq ft |
| Floor | 3 (from the unit number) |
| Position in the tower | Stack 16: units ending 16 share the same layout and view |
| Building | Magnolia 1 by DAMAC Properties, handed over 2010 |
| Registered sales of this unit | 1 |
| Date | Price | Size | AED/sq ft | Type |
|---|---|---|---|---|
| 10 Apr 2023 | AED 300,000 | 483 sq ft | 621 | Resale |
| Unit | Date | Price | Size | AED/sq ft | Type |
|---|---|---|---|---|---|
| 116 | 23 Aug 2023 | AED 305,500 | 483 sq ft | 633 | Resale |
| 216 | 8 Jul 2021 | AED 260,000 | 483 sq ft | 538 | Resale |
| Unit | Date | Price | Size | AED/sq ft | Type |
|---|---|---|---|---|---|
| 217 | 10 Jul 2026 | AED 445,000 | 470 sq ft | 947 | Resale |
| 306 | 8 Apr 2026 | AED 500,000 | 560 sq ft | 893 | Resale |
| 107 | 26 Mar 2026 | AED 450,000 | 564 sq ft | 798 | Resale |
| 319 | 6 Mar 2026 | AED 580,000 | 742 sq ft | 782 | Resale |
| 202 | 29 Jan 2026 | AED 610,000 | 608 sq ft | 1,003 | Resale |
| 414 | 19 Aug 2025 | AED 505,000 | 539 sq ft | 937 | Resale |
| 119 | 5 May 2025 | AED 540,000 | 737 sq ft | 733 | Resale |
| 120 | 11 Feb 2025 | AED 550,000 | 757 sq ft | 727 | Resale |
We took the 5 sales in Magnolia 1 in the last 12 months (studio), worked out the price per sq ft of each, and used the middle value (AED 893). We multiplied it by the size of this unit (483 sq ft). The range uses the middle half of those sales (AED 798 to AED 947 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 382,825. Floor, view, condition and upgrades can move the price either way. Sales data to 7 Oct 2026, from the Dubai Land Department register.
About AED 431,000 (range AED 385,000 to AED 457,000), based on AED 893 per sq ft from registered sales up to 7 Oct 2026.
10 Apr 2023, for AED 300,000 (resale). It has 1 registered sale.
A studio in Magnolia 1 rents for about AED 43,000 a year (median asking rent). That is a gross yield of 10.0% on the estimate.