Mag 318 is a residential project by MAG Property Development in Business Bay, Dubai, with prices from AED 835 000, ready to move in, 451 units.
Layouts and sizes
| Type | Bedrooms | Size, sq.ft |
|---|---|---|
| Studio | studio | 445–455 |
| One Bedroom + Living Room Type A | 1 | 842–1 588 |
| One Bedroom + Living Room Type B | 1 | |
| Two Bedroom + Living Room Type A | 2 | 1 020–2 362 |
| Two Bedroom + Living Room Type B | 2 |
Payment plan 100% Pay
- Down payment100%
Construction progress
- StatusReady
- Construction started2017-10-22
- HandoverReady To Move in
- Status date06.12.2020
- Escrow bankEmirates NBD
- DLD project number1891
Data from the Dubai Land Department project registry (updated 12.08.2026 09:55).
Construction photos are taken by the technical inspectors of the Dubai Land Department (DLD) and remain its property. We show compressed copies; full-resolution originals are available in the Real Estate Project Status service.
All Dubai construction in the DLD register · Developer: MAG Property Development · District: Business Bay
Recent transactions
| Date | Type | Size, m² | Price, AED |
|---|---|---|---|
| 07.08.2026 | Studio | 40.9 | 850 000 |
| 27.07.2026 | 1 BR | 91.3 | 1 732 516 |
| 21.07.2026 | Studio | 41.0 | 850 000 |
| 20.07.2026 | Studio | 40.1 | 800 000 |
| 20.07.2026 | Studio | 40.1 | 1 000 000 |
| 20.07.2026 | Studio | 40.2 | 990 000 |
| 13.07.2026 | Studio | 40.9 | 490 000 |
| 13.07.2026 | Studio | 40.9 | 980 000 |
| 09.07.2026 | Studio | 41.5 | 950 000 |
| 02.07.2026 | Studio | 40.3 | 1 069 000 |
| 01.07.2026 | 1 BR | 76.1 | 1 750 000 |
| 12.05.2026 | Studio | 41.5 | 880 000 |
| 12.05.2026 | Studio | 41.5 | 1 100 000 |
| 16.03.2026 | Studio | 41.0 | 894 600 |
| 16.03.2026 | Studio | 40.2 | 1 100 000 |
| 25.02.2026 | Studio | 40.9 | 1 050 000 |
| 12.02.2026 | 2 BR | 89.8 | 2 000 000 |
| 03.02.2026 | Studio | 40.2 | 1 050 000 |
| 29.01.2026 | Studio | 40.1 | 1 000 000 |
| 27.01.2026 | Studio | 40.1 | 1 160 000 |
Rentals — 20
| Date | Type | Size, m² | Rent, AED/yr |
|---|---|---|---|
| 1bed room+Hall | 76.1 | 95 000 | |
| Studio | 40.9 | 80 000 | |
| 2 bed rooms+hall | 89.8 | 120 000 | |
| 2 bed rooms+hall | 96.9 | 160 000 | |
| Studio | 40.1 | 60 000 | |
| 1bed room+Hall | 82.7 | 90 000 | |
| Studio | 41.0 | 75 000 | |
| 2 bed rooms+hall | 96.9 | 150 000 | |
| Studio | 40.2 | 55 000 | |
| Studio | 40.5 | 55 000 | |
| 2 bed rooms+hall | 89.8 | 115 000 | |
| Studio | 40.2 | 60 000 | |
| Studio | 40.2 | 60 000 | |
| Shop | 23.6 | 250 000 | |
| Studio | 41.0 | 60 000 | |
| Studio | 40.1 | 55 000 | |
| Studio | 40.9 | 55 000 | |
| Studio | 41.0 | 56 000 | |
| Studio | 41.5 | 65 000 | |
| Studio | 41.0 | 65 000 |
Dubai Land Department transaction registry, updated 2026-08-11. Explore Dubai property transactions →
Amenities
- Retail spaces
- Dining facilities
- Leisure facilities
- Entertainment facilities
- Gym
- Fitness equipment
- Swimming pool
- Lifestyle facilities
- Balconies
- Parking spaces
Places nearby
About the project
MAG 318 is a finished residential and commercial building in Business Bay, comprising 451 units. MAG Property Development is the developer. The project reached 100% completion on 6 December 2020 and is listed as ready to move in.
The project and its structure
MAG 318 is one building in Business Bay, configured as two basement levels, a ground floor, three podium levels, 19 floors and a roof level. It combines residential and commercial uses within the same building. The apartments are designed with a concrete structure, blockwork, and internal and external finishes. The project started on 22 October 2017 and was completed on 6 December 2020. Its 451-unit count covers the full development. MAG 318 is positioned in the Business Bay–Downtown Dubai setting, with views towards Downtown Dubai and the Dubai Water Canal identified for the project.
Apartment types and layouts
The residential collection includes studios, one-bedroom apartments with living rooms and two-bedroom apartments with living rooms. Studio residences range from 444.55 to 455.48 sq ft. One-bedroom Type A layouts range from 841.64 to 1,588.23 sq ft, while two-bedroom Type A layouts range from 1,019.68 to 2,362.05 sq ft. One-bedroom Type B and two-bedroom Type B layouts are also part of the available unit typology. The apartments are fully furnished and include balconies and parking spaces. The project’s specified outlooks include Downtown Dubai and the Dubai Water Canal.
Facilities within MAG 318
MAG 318 includes retail spaces, dining facilities, leisure facilities and entertainment facilities. Its resident facilities include a gym, fitness equipment and a swimming pool. The project also provides lifestyle facilities, balconies and parking spaces. Further facilities identified for the building include a leisure pool, outdoor seating area, children’s playgrounds, valet parking, 24-hour security and CCTV. Ground-floor commercial outlets include a supermarket, cafés, restaurants, a ladies’ salon, a men’s salon, a real-estate office and a smoking-accessories shop. These outlets place day-to-day retail and dining uses within the building.
Business Bay and local connections
MAG 318 is located in Business Bay–Downtown Dubai. Downtown Dubai is a five-minute walk from the project, Dubai Canal is a three-minute walk away, and the metro station is a 15-minute walk away. The project has multiple entry and exit routes. Sheikh Zayed Road and Al Khail Road provide road access from the development’s Business Bay location. The building sits within a district combining commercial and residential development, with the Dubai Water Canal forming part of its immediate urban context. The location also places the project close to Downtown Dubai’s leisure, shopping and entertainment destinations.
Nearby leisure destinations
Cinema City at Address Dubai Mall is 0.5 km from MAG 318, while Kidzania is 0.6 km away and PVRK is 0.7 km away. Dubai Ice Rink is located 0.8 km from the building. Reel Cinemas at Dubai Mall is 0.9 km away, and Paramount Screening Room at Damac Towers by Paramount is 1.0 km away. For outdoor spaces, The Block is 1.5 km away, Bay Avenue Park is 1.6 km away and Action Park Business Bay is 1.7 km away. The Track Meydan Golf is 4.3 km from MAG 318.
Price, payment and completion
The starting price for MAG 318 is AED 835,000. The payment plan is stated as 100% Pay, with a 100% down payment on the booking date. MAG 318 is finished, with a completion ratio of 100%. Its recorded completion date is 6 December 2020, and the handover status is ready to move in. Construction began on 22 October 2017. The project is registered under project number 1891 and consists of one residential and commercial building in Business Bay.
The developer
MAG Property Development is the developer of MAG 318. MAG Group has been active in the Middle East since 1978 and is based in Abu Dhabi. Its activities include real estate, engineering, industrial, commercial, freight-services and hospitality operations. The group’s housing development activities in Dubai span affordable and innovative developments as well as high-end properties. MAG 318 is the group’s finished residential and commercial building in Business Bay, delivering studios, one-bedroom apartments and two-bedroom apartments within a single development.
Registered transactions in Mag 318
Dubai Land Department records for this building: closed transaction prices, not asking prices or estimates. Figures are medians, so a single expensive sale does not move them.
The yearly figure compares the last 12 months with the 12 before them: calendar years would not work, the current one is unfinished. The district moved +5% over the same period, so the building lagged.
What buyers actually paid
| Type | Size, m² | Price, AED | Per m² | Deals |
|---|---|---|---|---|
| Studio | 41 | 808 168 | 19 711 | 545 |
| 1 bedroom | 81 | 1 594 787 | 19 689 | 62 |
| 2 bedrooms | 97 | 2 050 000 | 21 134 | 96 |
Median across all recorded deals in this building. Rows with fewer than five deals are omitted: there is nothing to average there.
How the price per square metre moved
From 2022 to 2025 — +30% on the price per square metre in this building. The district moved +36% over the same period, so the building lagged the market.
Top to bottom: purchase price per m², year, annual rent per m², gross yield.
All figures are medians. Years with fewer than eight deals are skipped; rent is shown where there are at least twenty contracts. The yield is gross — service charges are not published in the register.
* 2026 is still in progress and its bar covers part of the year. The growth figure above uses completed years.
Source: Dubai Land Department transaction register. The register is updated daily; the figures here are recalculated weekly.
