About MAG 318
MAG 318 is a residential and commercial tower by Mag Property Development, in Business Bay, Dubai. It rises 23 storeys (2 basement levels, a ground floor, 3 podium levels, 19 floors and a roof), built as a concrete structure with internal and external finishes. The project comprises 451 homes.
Key information
Developer
Mag Property Development
- Handover
- Q4 2020
- Status
- Handed over
- Location
- Business Bay, Dubai
- Master project
- Business Bay
- Construction started
- 2017
- Number of buildings
- 1
- Number of units
- 451
- Registered with DLD
- 18 May 2017
- Escrow bank
- Emirates NBD
- Escrow account no.
- 0205027022405
- DLD transfer fee
- 4%
Source: official Dubai Land Department project data.
Project timeline
- Construction started2017
- Handed overQ4 2020
Construction progress
89 inspection photos from the Dubai Land Department. Latest 06 Dec 2020 at 100% complete.
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Amenities
Physical features recorded on the Dubai Land Department buildings register.
2 Swimming Pools
Covered Parking
8 Elevators
25 Floors
Retail & Shops
Sales and prices
Recorded sales from the Dubai Land Department register, not asking prices.
Recorded sales
644
Median price
AED 888K
Median price / sqft
AED 2K+38%
Off-plan share
50%
Priced 11% above than the Business Bay median of AED 2K/sqft.
Sold by bedroom
| Layout | Sold | Typical size | Avg price | Avg / sqft |
|---|---|---|---|---|
| Studio | 487 | 437 sqft | AED 855K | AED 2K |
| 1 Bed | 60 | 905 sqft | AED 1.7M | AED 2K |
| 2 Bed | 91 | 1,025 sqft | AED 2.0M | AED 2K |
Price per sqft by year
+38% since 2017AED/sqft
Recent recorded sales
| Date | Type | Size | Price | Price / sqft |
|---|---|---|---|---|
| 27 Aug 2026 | Resale | 433 sqft | AED 920K | AED 2K |
| 07 Aug 2026 | Resale | 440 sqft | AED 850K | AED 2K |
| 27 Jul 2026 | Resale | 982 sqft | AED 1.7M | AED 2K |
| 21 Jul 2026 | Resale | 441 sqft | AED 850K | AED 2K |
| 20 Jul 2026 | Resale | 432 sqft | AED 1.0M | AED 2K |
| 20 Jul 2026 | Resale | 433 sqft | AED 990K | AED 2K |
| 13 Jul 2026 | Resale | 440 sqft | AED 980K | AED 2K |
| 09 Jul 2026 | Resale | 446 sqft | AED 950K | AED 2K |
Unit mix
451 registered units, by layout and size, from the Dubai Land Department.
| Layout | Units | Size range |
|---|---|---|
| Commercial | 12 | - |
| Studio | 316 | 432 - 446 sqft |
| 1 B/R | 48 | 819 - 1,563 sqft |
| 2 B/R | 75 | 966 - 2,076 sqft |
Payment plan
Payment plans are set by Mag Property and change with each release. We'll send the plan that applies to the units available now, with the milestone breakdown.
Request the payment planLocation
Approximate location in Business Bay, Dubai.
Business Bay
Dubai, United Arab Emirates
Frequently asked questions
MAG 318 has already been handed over (Q4 2020), according to Dubai Land Department records.
