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Sold for AED 1,050,000: Studio Apartment in Mag 318

Located in Business Bay, Dubai. Its price per sqft is +7% vs the Mag 318 median (AED 2,228/sqft).

All Business Bay salesMag 318 prices

Sale price

AED 1,050,000

Per sqft
AED 2,387
Registered
25 Feb 2026, 12:53 (Dubai)
Mag 318, Dubai

01 / Price history

This unit's history

This is the only registration of this unit on record (same layout, exact size and parking bay P2-98).

Comparable sales

02 / The property

Property details

Size
440 sqft · 40.86 m²
Bedrooms
Studio
Registered as
Sale
Property sub-type
Flat
Usage
Residential
Tenure
Freehold
Parking
P2-98
Nearest metro
Buj Khalifa Dubai Mall Metro Station
Nearest mall
Dubai Mall
Nearest landmark
Downtown Dubai

03 / Comparables

All sales in Mag 318 (9 Jan 2026 – 16 Sept 2026)

23 market sales. Percentages compare each sale with this one.

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Comparable market sales. Change is relative to the selected sale.
Sale recordRecordedValue · AEDAED / sqft
16 Sept 20262M+90% vs selected2,069−13% vs selected
14 Sept 20262.8M+167% vs selected1,747−27% vs selected
27 Aug 2026920K−12% vs selected2,125−11% vs selected
7 Aug 2026850K−19% vs selected1,933−19% vs selected
27 Jul 20261.73M+65% vs selected1,764−26% vs selected
21 Jul 2026850K−19% vs selected1,927−19% vs selected
20 Jul 2026990K−6% vs selected2,287−4% vs selected
20 Jul 20261M−5% vs selected2,317−3% vs selected
13 Jul 2026980K−7% vs selected2,228−7% vs selected
9 Jul 2026950K−10% vs selected2,128−11% vs selected
2 Jul 20261.07M+2% vs selected2,465+3% vs selected
1 Jul 20261.75M+67% vs selected2,137−11% vs selected
12 May 20261.1M+5% vs selected2,464+3% vs selected
16 Mar 2026894.6K−15% vs selected2,030−15% vs selected
16 Mar 20261.1M+5% vs selected2,541+6% vs selected
Studio · 440 sqftReadySelected sale
25 Feb 20261.05M2,387
12 Feb 20262M+90% vs selected2,069−13% vs selected
3 Feb 20261.05M0% vs selected2,425+2% vs selected
29 Jan 20261M−5% vs selected2,317−3% vs selected
27 Jan 20261.16M+10% vs selected2,687+13% vs selected
22 Jan 20261.71M+63% vs selected1,741−27% vs selected
20 Jan 20268.98M+755% vs selected6,649+179% vs selected
9 Jan 20261.76M+68% vs selected3,000+26% vs selected

04 / Renting it out

What similar apartments rent for

Median of 9 market rents of apartments of 374–506 sq ft in Mag 318. The gross yield is that rent against this sale's price, before service charges, fees and empty months.

See these contracts
Median rent / yr
AED 58,000
Per sqft / yr
AED 131/sqft
Gross yield
5.5%