Mag 318 property prices & sales
Mag 318 at a glance written from registered records
Mag 318 recorded 30 registered sales in the last 12 months, worth AED 45.41M in total. The median price was AED 2,352 per sq ft, down 3.0% on the previous 12 months, and the median sale price was AED 1.09M. 0.0% of these sales were off-plan and 100.0% were ready properties. Across 305 rental contracts registered in the same period, the median annual rent was AED 80,000, an indicative gross yield of 7.3%.
Median price per sq ft by year registered sales
| Year | Sales | Median AED/sq ft | Median price |
|---|---|---|---|
| 2026 | 23 | 2,228 | AED 1.07M |
| 2025 | 48 | 2,446 | AED 1.10M |
| 2024 | 30 | 2,318 | AED 1.04M |
| 2023 | 41 | 2,167 | AED 950,000 |
| 2022 | 41 | 1,904 | AED 875,000 |
| 2021 | 138 | 1,751 | AED 851,098 |
| 2020 | 113 | 2,087 | AED 1.72M |
| 2019 | 80 | 1,802 | AED 792,893 |
| 2018 | 125 | 1,798 | AED 790,000 |
| 2017 | 7 | 1,782 | AED 779,781 |
Prices by bedroom last 24 months · entry = lower quarter, premium = upper quarter
| Type | Sales | Entry | Typical | Premium | AED/sq ft | Typical size |
|---|---|---|---|---|---|---|
| Studio | 57 | AED 1.03M | AED 1.07M | AED 1.10M | 2,443 | 440 sq ft |
| 2 B/R | 9 | AED 2.00M | AED 2.05M | AED 2.25M | 2,121 | 967 sq ft |
| 1 B/R | 6 | AED 1.67M | AED 1.72M | AED 1.75M | 1,969 | 819 sq ft |
| Unspecified | 4 | AED 1.60M | AED 3.49M | AED 6.15M | 3,000 | 969 sq ft |
Who's buying last 12 months
Cash vs mortgage is indicative: new mortgage registrations compared with sales in the same period.
Latest registered sales
| Date | Type | Beds | Building | Sq ft | Price | AED/sq ft |
|---|---|---|---|---|---|---|
| 2026-09-17 | Unit | 2 B/R | Mag 318 | 967 | AED 2,000,000 | 2,069 |
| 2026-09-14 | Unit | 2 B/R | Mag 318 | 1,602 | AED 2,800,000 | 1,747 |
| 2026-08-27 | Unit | Studio | Mag 318 | 433 | AED 920,000 | 2,125 |
| 2026-08-07 | Unit | Studio | Mag 318 | 440 | AED 850,000 | 1,933 |
| 2026-07-27 | Unit | 1 B/R | Mag 318 | 982 | AED 1,732,516 | 1,764 |
| 2026-07-21 | Unit | Studio | Mag 318 | 441 | AED 850,000 | 1,927 |
The full report lists every registered sale, with filters by bedroom and date. Open it free.
Questions about Mag 318
What is the average price per sq ft in Mag 318?
Over the last 12 months the median registered sale price in Mag 318 was AED 2,352 per sq ft (-3.0% year on year).
What is the rental yield in Mag 318?
Comparing the median annual rent (AED 80,000) with the median sale price (AED 1,092,500) over the last 12 months gives an indicative gross yield of 7.3%.
How many properties sold in Mag 318 in the last 12 months?
30 sales were registered in the last 12 months, 0.0% of them off-plan.
What is the average rent in Mag 318?
The median annual rent across 305 contracts registered in the last 12 months was AED 80,000.
Comparables in Business Bay 12m
Mag 318 ranks #49 of 130 by price per sq ft.
| Project | Sales | AED/sq ft |
|---|---|---|
| Lumena Alta by Omniyat | 147 | 6,131 |
| HQ by ROVE | 329 | 4,674 |
| burj capital | 140 | 3,661 |
| Avarra by Palace | 155 | 3,490 |
| Binghatti Skyrise | 392 | 2,938 |
| One by Binghatti | 208 | 2,938 |
| Peninsula Three | 169 | 2,654 |
| Binghatti Aquarise | 577 | 2,625 |
| Peninsula Four | 212 | 2,515 |
| Tiger Sky Tower | 171 | 2,394 |
| Binghatti Skyhall | 228 | 2,364 |
| Mag 318 | 30 | 2,352 |
| Damac Towers By Paramount | 151 | 1,489 |
Project record
| Developer | Mag Property Development L.L.C |
| Status | Finished |
| Completion | 100% |
| Handover | 2020-12-06 |
| Units | 451 |
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Data sourced from the Dubai Open Data portal (data.dubai) under the Dubai Open Data Licence; originating entity: Dubai Land Department. GetYaData is an independent service and is not affiliated with, endorsed by or associated with the Dubai Land Department or the Government of Dubai. Figures are indicative — not a valuation.
