Unit 323 at Magnolia 1 is a studio of 539 sq ft. It last sold for AED 390,000 on 8 Nov 2023. At AED 893 per sq ft, from 5 sales in the building in the last 12 months (studio), it is worth about AED 481,000 today.
| Bedrooms | studio |
|---|---|
| Size | 539 sq ft |
| Floor | 3 (from the unit number) |
| Position in the tower | Stack 23: units ending 23 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 |
|---|---|---|---|---|
| 8 Nov 2023 | AED 390,000 | 539 sq ft | 724 | 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 (539 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 492,619. 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 481,000 (range AED 430,000 to AED 510,000), based on AED 893 per sq ft from registered sales up to 7 Oct 2026.
8 Nov 2023, for AED 390,000 (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 8.9% on the estimate.