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Ready building · MAG

MAG 318, Business Bay

Highlights

MAG 318 at a glance

About MAG 318

MAG 318 is a mixed-use building in Business Bay, Dubai, developed by MAG. It holds about 495 units: studios, 1-bedroom apartments, 2-bedroom apartments, commercial units. Depending on the unit, windows look out over Burj Khalifa.

The building was completed in 2020 and has been in use for about 6 years. 30 units changed hands in the last 12 months, registered with the Dubai Land Department. Recent sales went through at a median of AED 2,134 per sq ft.

MAG 318 is one of 257 buildings in Business Bay: 149 are complete and 61 are still being built.

MAG 318 Tower is a high-end residential tower located in Downtown Dubai. This project consists of 438 residential units of studios, one and two bedroom apartments. Apartment floor plans feature quality designed finishes which range from 436 sqft- 1,000 sqft, all with balconies. Residents can enjoy excellent views of the Burj Khalifa, the world's tallest building and are only minutes away from Dubai Mall, the largest mall based on total area. Located in Downtown Dubai, residents have multiple entry and exit routes to main highways while being minutes away from everything Dubai's city life has to offer. 

In a nutshell

  • A mixed-use ready building
  • Located in Business Bay, Dubai
  • Developed by MAG
  • Completed in Q4 2020
  • Unit types: Studio, 1 Bed, 2 Beds, Commercial
  • Sizes from 90 to 3,180 sq ft
  • Views: Burj Khalifa
  • Service charge from AED 23.03 per sq ft
  • Burj Khalifa/Dubai Mall metro station 1.9 km away
الحالة
جاهز
المطور
MAG
الموقع
الخليج التجاري، دبي
مكتمل
Q4 2020
أنواع الوحدات
Studio, 1 Bed, 2 Beds, Commercial
Prices from
AED 550.0K
متوسط السعر لكل sq ft
AED 2,134
Median gross yield
7.5%
رسوم الخدمات
AED 23.03 per sq ft (2026)
Nearest metro
Burj Khalifa Road, 1.3 km

Photos of MAG 318

Building details

Inside MAG 318

Properties in MAG 318

Studios in MAG 318

There are about 316 of these in MAG 318, from 430 to 450 sq ft. They have recently sold for a median of AED 1.1M, or AED 2,390 per sq ft.

1-bedroom apartments in MAG 318

There are about 48 of these in MAG 318, from 820 to 1,560 sq ft. They have recently sold for a median of AED 1.7M, or AED 1,760 per sq ft.

2-bedroom apartments in MAG 318

There are about 75 of these in MAG 318, from 970 to 2,080 sq ft. They have recently sold for a median of AED 2.0M, or AED 2,070 per sq ft. Owners who resold made a median 30% over what they paid.

Commercial units in MAG 318

There are about 56 of these in MAG 318, from 90 to 3,180 sq ft. They have recently sold for a median of AED 1.8M, or AED 3,000 per sq ft.

Unit types in MAG 318 with sizes, median prices and rents
نوع الوحدةالوحداتالمساحةالسعر الوسيطMedian rent
استوديو316430 sqft39.9 sqmt – 450 sqft41.8 sqmtAED 1.1MAED 60K
1 Bed48820 sqft76.2 sqmt – 1,560 sqft144.9 sqmtAED 1.7MAED 90K
2 Beds75970 sqft90.1 sqmt – 2,080 sqft193.2 sqmtAED 2MAED 130K
تجاري5690 sqft8.4 sqmt – 3,180 sqft295.4 sqmtAED 1.8M–

Recent transactions in MAG 318

  • MAG 318

    الخليج التجاري

    AED 850K

    AED 1,968 /sqftAED 21,183 /sqmt

    جاهزشقة
    432 sqft40.1 sqmtاستوديوالمالك22 Oct 2026

  • MAG 318

    الخليج التجاري

    AED 2M

    AED 2,068 /sqftAED 22,260 /sqmt

    جاهزشقة
    967 sqft89.8 sqmt2 Bedsالمالك16 Sept 2026

  • MAG 318

    الخليج التجاري

    AED 2.8M

    AED 1,748 /sqftAED 18,815 /sqmt

    جاهزشقة
    1,602 sqft148.8 sqmt2 Bedsالمالك14 Sept 2026

  • MAG 318

    الخليج التجاري

    AED 920K

    AED 2,125 /sqftAED 22,873 /sqmt

    جاهزشقة
    433 sqft40.2 sqmtاستوديوالمالك27 Aug 2026

  • MAG 318

    الخليج التجاري

    AED 850K

    AED 1,932 /sqftAED 20,796 /sqmt

    جاهزشقة
    440 sqft40.9 sqmtاستوديوالمالك7 Aug 2026

  • MAG 318

    الخليج التجاري

    AED 1.7M

    AED 1,764 /sqftAED 18,988 /sqmt

    جاهزشقة
    982 sqft91.2 sqmt1 Bedالمالك27 Jul 2026

  • MAG 318

    الخليج التجاري

    AED 850K

    AED 1,927 /sqftAED 20,742 /sqmt

    جاهزشقة
    441 sqft41 sqmtاستوديوالمالك21 Jul 2026

  • MAG 318

    الخليج التجاري

    AED 1M

    AED 2,315 /sqftAED 24,918 /sqmt

    جاهزشقة
    432 sqft40.1 sqmtاستوديوالمالك20 Jul 2026

  • MAG 318

    الخليج التجاري

    AED 990K

    AED 2,286 /sqftAED 24,606 /sqmt

    جاهزشقة
    433 sqft40.2 sqmtاستوديوالمالك20 Jul 2026

  • MAG 318

    الخليج التجاري

    AED 980K

    AED 2,227 /sqftAED 23,971 /sqmt

    جاهزشقة
    440 sqft40.9 sqmtاستوديوالمالك13 Jul 2026

  • MAG 318

    الخليج التجاري

    AED 950K

    AED 2,130 /sqftAED 22,927 /sqmt

    جاهزشقة
    446 sqft41.4 sqmtاستوديوالمالك9 Jul 2026

  • MAG 318

    الخليج التجاري

    AED 1.1M

    AED 2,463 /sqftAED 26,512 /sqmt

    جاهزشقة
    434 sqft40.3 sqmtاستوديوالمالك2 Jul 2026

  • MAG 318

    الخليج التجاري

    AED 1.8M

    AED 2,137 /sqftAED 23,002 /sqmt

    جاهزشقة
    819 sqft76.1 sqmt1 Bedالمالك1 Jul 2026

  • MAG 318

    الخليج التجاري

    AED 1.1M

    AED 2,466 /sqftAED 26,544 /sqmt

    جاهزشقة
    446 sqft41.4 sqmtاستوديوالمالك12 May 2026

  • MAG 318

    الخليج التجاري

    AED 1.1M

    AED 2,540 /sqftAED 27,340 /sqmt

    جاهزشقة
    433 sqft40.2 sqmtاستوديوالمالك16 Mar 2026

  • MAG 318

    الخليج التجاري

    AED 894.6K

    AED 2,029 /sqftAED 21,840 /sqmt

    جاهزشقة
    441 sqft41 sqmtاستوديوالمالك16 Mar 2026

  • MAG 318

    الخليج التجاري

    AED 1.1M

    AED 2,386 /sqftAED 25,683 /sqmt

    جاهزشقة
    440 sqft40.9 sqmtاستوديوالمالك25 Feb 2026

  • MAG 318

    الخليج التجاري

    AED 2M

    AED 2,068 /sqftAED 22,260 /sqmt

    جاهزشقة
    967 sqft89.8 sqmt2 Bedsالمالك12 Feb 2026

  • MAG 318

    الخليج التجاري

    AED 1.1M

    AED 2,425 /sqftAED 26,102 /sqmt

    جاهزشقة
    433 sqft40.2 sqmtاستوديوالمالك3 Feb 2026

  • MAG 318

    الخليج التجاري

    AED 1M

    AED 2,315 /sqftAED 24,918 /sqmt

    جاهزشقة
    432 sqft40.1 sqmtاستوديوالمالك29 Jan 2026

  • MAG 318

    الخليج التجاري

    AED 58K/yr

    شقةعقد جديد
    441 sqft41 sqmtاستوديوإلى

  • MAG 318

    الخليج التجاري

    AED 60K/yr

    شقةتجديد
    441 sqft41 sqmtاستوديوإلى

  • MAG 318

    الخليج التجاري

    AED 57K/yr

    شقةعقد جديد
    432 sqft40.1 sqmtاستوديوإلى

  • MAG 318

    الخليج التجاري

    AED 56K/yr

    شقةعقد جديد
    441 sqft41 sqmtاستوديوإلى

  • MAG 318

    الخليج التجاري

    AED 65K/yr

    شقةعقد جديد
    440 sqft40.9 sqmtاستوديوإلى

  • MAG 318

    الخليج التجاري

    AED 60K/yr

    شقةعقد جديد
    440 sqft40.9 sqmtاستوديوإلى

  • MAG 318

    الخليج التجاري

    AED 105K/yr

    شقةعقد جديد
    967 sqft89.8 sqmt2 Bedsإلى

  • MAG 318

    الخليج التجاري

    AED 130K/yr

    شقةعقد جديد
    1,045 sqft97.1 sqmt2 Bedsإلى

  • MAG 318

    الخليج التجاري

    AED 42K/yr

    شقةعقد جديد
    441 sqft41 sqmtاستوديوإلى

  • MAG 318

    الخليج التجاري

    AED 50K/yr

    شقةعقد جديد
    982 sqft91.2 sqmt1 Bedإلى

  • MAG 318

    الخليج التجاري

    AED 55K/yr

    شقةعقد جديد
    432 sqft40.1 sqmtاستوديوإلى

  • MAG 318

    الخليج التجاري

    AED 130K/yr

    شقةعقد جديد
    1,045 sqft97.1 sqmt2 Bedsإلى

  • MAG 318

    الخليج التجاري

    AED 150K/yr

    شقةعقد جديد
    1,043 sqft96.9 sqmt2 Bedsإلى

  • MAG 318

    الخليج التجاري

    AED 72K/yr

    شقةعقد جديد
    441 sqft41 sqmtاستوديوإلى

  • MAG 318

    الخليج التجاري

    AED 110K/yr

    شقةعقد جديد
    1,042 sqft96.8 sqmt2 Bedsإلى

  • MAG 318

    الخليج التجاري

    AED 63K/yr

    شقةعقد جديد
    446 sqft41.4 sqmtاستوديوإلى

  • MAG 318

    الخليج التجاري

    AED 90K/yr

    شقةعقد جديد
    819 sqft76.1 sqmt1 Bedإلى

  • MAG 318

    الخليج التجاري

    AED 65K/yr

    شقةتجديد
    441 sqft41 sqmtاستوديوإلى

  • MAG 318

    الخليج التجاري

    AED 60K/yr

    شقةعقد جديد
    432 sqft40.1 sqmtاستوديوإلى

  • MAG 318

    الخليج التجاري

    AED 60K/yr

    شقةعقد جديد
    433 sqft40.2 sqmtاستوديوإلى

Every sale in MAG 318Every rent contract in MAG 318

Service charges in MAG 318

The 2026 service charge in MAG 318 is AED 23.03 per sq ft for homes, AED 37.17 per sq ft for shops. It is paid yearly by the owner, covers upkeep, security and shared areas, and is set by the building’s owners association and registered with the Dubai Land Department. Each parking space adds about AED 1,346 a year.

Service charges in MAG 318
نوع الوحدةRate per sq ftالمساحةYearly charge
1 Bed Apartment (2026)AED 23.03820 sqft76.2 sqmt – 1,560 sqft144.9 sqmtAED 18,885 – AED 35,927
2 Beds Apartment (2026)AED 23.03970 sqft90.1 sqmt – 2,080 sqft193.2 sqmtAED 22,339 – AED 47,902
تجاري (2026)AED 37.1790 sqft8.4 sqmt – 3,180 sqft295.4 sqmtAED 3,345 – AED 118,201
Studio Apartment (2026)AED 23.03430 sqft39.9 sqmt – 450 sqft41.8 sqmtAED 9,903 – AED 10,364

Source: Dubai Land Department service charge index. Rates are reviewed each year.

Nearby amenities

Around MAG 318

Transportation near MAG 318

The nearest Dubai Metro station from MAG 318 is Burj Khalifa/Dubai Mall (red line, 1.9 km, about 6 min drive), then Business Bay (red line, 2.3 km, about 7 min drive). Stations planned on new lines nearby include Burj Khalifa Road (golden line, 1.3 km, about 5 min drive) and District 1 near High Speed Rail line (golden line, 1.5 km, about 5 min drive). Most residents will drive or take a taxi to the metro.

  • Burj Khalifa RoadGolden line · 1.3 km · about 5 min drive
  • District 1 near High Speed Rail lineGolden line · 1.5 km · about 5 min drive
  • Burj Khalifa/Dubai MallRed line · 1.9 km · about 6 min drive
  • الخليج التجاريRed line · 2.3 km · about 7 min drive
  • Business Bay InterchangeGolden line · 2.3 km · about 7 min drive
  • Financial CentreRed line · 2.5 km · about 7 min drive

Shopping and groceries near MAG 318

The closest is Spinneys / south bridge downtowne Dubai, 0.7 km from MAG 318 (about 8 min walk).

  • Spinneys / south bridge downtowne DubaiSupermarket · 0.7 km · about 8 min walk
  • Dubai MallShopping Mall · 0.9 km · about 11 min walk
  • Spinneys / EMAAR Boulevard, Downtown DubaiSupermarket · 1.1 km · about 13 min walk
  • Al Maya / 8 Boulevard Walk, Downtown DubaiSupermarket · 1.3 km · about 5 min drive
  • Al Maya / Murooj Rotana, Murooj ComplexSupermarket · 1.6 km · about 5 min drive

Restaurants and hotels near MAG 318

The closest is Al Manzil Hotel, 0.6 km from MAG 318 (about 7 min walk).

  • Al Manzil HotelHotel · 0.6 km · about 7 min walk
  • The Address HotelHotel · 0.7 km · about 8 min walk
  • Radisson Blu Hotel, Dubai DowntownHotel · 0.8 km · about 10 min walk
  • Vida Hotels and ResortsHotel · 0.9 km · about 11 min walk
  • Qamardeen HotelHotel · 1.1 km · about 13 min walk

Hospitals and clinics near MAG 318

The closest is Al Amal Hospital, 2.9 km from MAG 318 (about 8 min drive).

  • Al Amal HospitalHospital · 2.9 km · about 8 min drive
  • Medcare HospitalHospital · 4.2 km · about 10 min drive
  • Internationl Medical CenterHospital · 4.4 km · about 11 min drive
  • Manchester ClinicHospital · 4.7 km · about 11 min drive
  • Emirates HospitalHospital · 4.7 km · about 11 min drive

Parks and leisure near MAG 318

The closest is Al Quoz Pond Park, 3.3 km from MAG 318 (about 9 min drive).

  • Al Quoz Pond ParkPark · 3.3 km · about 9 min drive
  • Dubai Bowling CentreSports Academy · 3.3 km · about 9 min drive
  • Safa ParkPark · 3.8 km · about 10 min drive
  • Meydan TheatreTheatre House · 4.1 km · about 10 min drive
  • Meydan Grandstand and RacecourseStadium · 4.1 km · about 10 min drive

Schools near MAG 318

The nearest is Jebel Ali School (Br of Taaleem Management (L L C)), 2.1 km away. Ratings are the KHDA's latest inspection grades.

  • Jebel Ali School (Br of Taaleem Management (L L C))UK · KHDA: Very good · 2.1 km
  • Hartland International School - FZUK - International Baccalaureate - UK/IB · KHDA: Very good · 2.6 km
  • North London Collegiate School Middle East L.L.C - FZInternational Baccalaureate · KHDA: Very good · 2.7 km
  • Japanese SchoolJapanese · KHDA: Good · 3 km
  • JSS Private School L.L.CIndian · KHDA: Very good · 3.1 km
  • GEMS Our Own Indian SchoolIndian · KHDA: Very good · 3.1 km

Other buildings in Business Bay

Business Bay has 257 buildings. A few others to compare MAG 318 with:

  • 014 Tower, Business Bayجاهز

    014 Tower

    Business Bay · H&H

    Completed 2012

  • 77S, Business Bayعلى المخطط

    77S

    Business Bay · 77 Shades of Green

    Handover 31 Dec 2028 · 14% built

  • AG Tower, Business Bayجاهز

    AG Tower

    Business Bay · Arabian Gulf

    Completed 2021

الكل 257 الخليج التجاري buildings →

Things to consider about MAG 318

In its favour

  • An active resale market: 30 sales in the last year make it easier to price and to sell.
  • Owners who resold have made money: a median gain of up to 30%.
  • A median gross yield of 7.5% on recent sales.
  • Ready to move into or let, with no construction risk.
  • Several schools within 3 km.

Worth checking

  • Service charges of up to AED 37.17 per sq ft are on the higher side for Dubai.
  • The nearest running metro station is 1.9 km away, so a car helps.

Specialists

Brokers who know MAG 318

These brokers handle sales and lettings in MAG 318 and can tell you what is available now.

الأسئلة الشائعة

MAG 318: questions answered

MAG 318 was developed by MAG in Business Bay.

MAG 318 is completed in Q4 2020.

Across its 20 most recent registered sales, MAG 318 sold for a median of AED 2,134 per sq ft and AED 1.0M per unit.

Recent yearly contracts in MAG 318 have a median rent of AED 64.0K.

The median gross yield on recently sold units in MAG 318 is 7.5%: the rent the unit earned over its purchase price, before costs.

The 2026 service charge for residential units in MAG 318 is AED 23.03 per sq ft a year, as registered with the Dubai Land Department.

MAG 318 has Studio (430 to 450 sq ft), 1 Bed (820 to 1,560 sq ft), 2 Beds (970 to 2,080 sq ft), Commercial (90 to 3,180 sq ft).

Burj Khalifa Road is about 1.3 km from MAG 318.

The nearest schools include Jebel Ali School (Br of Taaleem Management (L L C)) (2.1 km), Hartland International School - FZ (2.6 km), North London Collegiate School Middle East L.L.C - FZ (2.7 km).

Buying, selling or renting in MAG 318?

A broker who works Business Bay will tell you what is available and what comparable homes went for.

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