ReadyReady 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
- Status
- Ready
- Developer
- MAG
- Location
- Business Bay, Dubai
- Completed
- Q4 2020
- Unit types
- Studio, 1 Bed, 2 Beds, Commercial
- Prices from
- AED 550.0K
- Median price per sq ft
- AED 2,134
- Median gross yield
- 7.5%
- Service charge
- 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 type | Units | Size | Median price | Median rent |
|---|---|---|---|---|
| Studio | 316 | 430 sqft39.9 sqmt – 450 sqft41.8 sqmt | AED 1.1M | AED 60K |
| 1 Bed | 48 | 820 sqft76.2 sqmt – 1,560 sqft144.9 sqmt | AED 1.7M | AED 90K |
| 2 Beds | 75 | 970 sqft90.1 sqmt – 2,080 sqft193.2 sqmt | AED 2M | AED 130K |
| Commercial | 56 | 90 sqft8.4 sqmt – 3,180 sqft295.4 sqmt | AED 1.8M | – |
Sale trends in MAG 318
Median sale price
AED 1M
Median per sq ft
AED 2,134
Median gross yield
7.5%
Price ranges from the most recent registered sales, by unit type:
- Studios: AED 850.0K to AED 1.1M (432 to 446 sq ft), across 15 sales
- 2-bedroom apartments: AED 2.0M to AED 2.8M (967 to 1,602 sq ft), across 3 sales
- 1-bedroom apartments: AED 1.7M to AED 1.8M (819 to 982 sq ft), across 2 sales
Rental trends in MAG 318
Studio homes in MAG 318 were let for AED 55.0K to AED 72.0K a year across 12 recent contracts, with a median of AED 60.0K.
Yearly rents from recent registered contracts, by unit type:
- Studios: AED 55.0K to AED 72.0K a year (432 to 446 sq ft), across 12 contracts
- 2-bedroom apartments: AED 105.0K to AED 150.0K a year (967 to 1,045 sq ft), across 5 contracts
- 1-bedroom apartments: AED 90.0K a year (819 sq ft)
Recent transactions in MAG 318
| LocationStatus and unit | PricePer sqftPer sqmt | SpecsSize and bedrooms | DateSold by |
|---|---|---|---|
| MAG 318, Business BayReadyApartment | AED 850,000AED 1,968 /sqftAED 21,183 /sqmt | 432 sqft40.1 sqmtStudio | Owner |
| MAG 318, Business BayReadyApartment | AED 2,000,000AED 2,068 /sqftAED 22,260 /sqmt | 967 sqft89.8 sqmt2 Beds | Owner |
| MAG 318, Business BayReadyApartment | AED 2,800,000AED 1,748 /sqftAED 18,815 /sqmt | 1,602 sqft148.8 sqmt2 Beds | Owner |
| MAG 318, Business BayReadyApartment | AED 920,000AED 2,125 /sqftAED 22,873 /sqmt | 433 sqft40.2 sqmtStudio | Owner |
| MAG 318, Business BayReadyApartment | AED 850,000AED 1,932 /sqftAED 20,796 /sqmt | 440 sqft40.9 sqmtStudio | Owner |
| MAG 318, Business BayReadyApartment | AED 1,732,516AED 1,764 /sqftAED 18,988 /sqmt | 982 sqft91.2 sqmt1 Bed | Owner |
| MAG 318, Business BayReadyApartment | AED 850,000AED 1,927 /sqftAED 20,742 /sqmt | 441 sqft41 sqmtStudio | Owner |
| MAG 318, Business BayReadyApartment | AED 1,000,000AED 2,315 /sqftAED 24,918 /sqmt | 432 sqft40.1 sqmtStudio | Owner |
| MAG 318, Business BayReadyApartment | AED 990,000AED 2,286 /sqftAED 24,606 /sqmt | 433 sqft40.2 sqmtStudio | Owner |
| MAG 318, Business BayReadyApartment | AED 980,000AED 2,227 /sqftAED 23,971 /sqmt | 440 sqft40.9 sqmtStudio | Owner |
| MAG 318, Business BayReadyApartment | AED 950,000AED 2,130 /sqftAED 22,927 /sqmt | 446 sqft41.4 sqmtStudio | Owner |
| MAG 318, Business BayReadyApartment | AED 1,069,000AED 2,463 /sqftAED 26,512 /sqmt | 434 sqft40.3 sqmtStudio | Owner |
| MAG 318, Business BayReadyApartment | AED 1,750,000AED 2,137 /sqftAED 23,002 /sqmt | 819 sqft76.1 sqmt1 Bed | Owner |
| MAG 318, Business BayReadyApartment | AED 1,100,000AED 2,466 /sqftAED 26,544 /sqmt | 446 sqft41.4 sqmtStudio | Owner |
| MAG 318, Business BayReadyApartment | AED 1,100,000AED 2,540 /sqftAED 27,340 /sqmt | 433 sqft40.2 sqmtStudio | Owner |
| MAG 318, Business BayReadyApartment | AED 894,600AED 2,029 /sqftAED 21,840 /sqmt | 441 sqft41 sqmtStudio | Owner |
| MAG 318, Business BayReadyApartment | AED 1,050,000AED 2,386 /sqftAED 25,683 /sqmt | 440 sqft40.9 sqmtStudio | Owner |
| MAG 318, Business BayReadyApartment | AED 2,000,000AED 2,068 /sqftAED 22,260 /sqmt | 967 sqft89.8 sqmt2 Beds | Owner |
| MAG 318, Business BayReadyApartment | AED 1,050,000AED 2,425 /sqftAED 26,102 /sqmt | 433 sqft40.2 sqmtStudio | Owner |
| MAG 318, Business BayReadyApartment | AED 1,000,000AED 2,315 /sqftAED 24,918 /sqmt | 432 sqft40.1 sqmtStudio | Owner |
MAG 318
Business Bay
AED 850K
AED 1,968 /sqftAED 21,183 /sqmt
ReadyApartment432 sqft40.1 sqmtStudioOwner22 Oct 2026MAG 318
Business Bay
AED 2M
AED 2,068 /sqftAED 22,260 /sqmt
ReadyApartment967 sqft89.8 sqmt2 BedsOwner16 Sept 2026MAG 318
Business Bay
AED 2.8M
AED 1,748 /sqftAED 18,815 /sqmt
ReadyApartment1,602 sqft148.8 sqmt2 BedsOwner14 Sept 2026MAG 318
Business Bay
AED 920K
AED 2,125 /sqftAED 22,873 /sqmt
ReadyApartment433 sqft40.2 sqmtStudioOwner27 Aug 2026MAG 318
Business Bay
AED 850K
AED 1,932 /sqftAED 20,796 /sqmt
ReadyApartment440 sqft40.9 sqmtStudioOwner7 Aug 2026MAG 318
Business Bay
AED 1.7M
AED 1,764 /sqftAED 18,988 /sqmt
ReadyApartment982 sqft91.2 sqmt1 BedOwner27 Jul 2026MAG 318
Business Bay
AED 850K
AED 1,927 /sqftAED 20,742 /sqmt
ReadyApartment441 sqft41 sqmtStudioOwner21 Jul 2026MAG 318
Business Bay
AED 1M
AED 2,315 /sqftAED 24,918 /sqmt
ReadyApartment432 sqft40.1 sqmtStudioOwner20 Jul 2026MAG 318
Business Bay
AED 990K
AED 2,286 /sqftAED 24,606 /sqmt
ReadyApartment433 sqft40.2 sqmtStudioOwner20 Jul 2026MAG 318
Business Bay
AED 980K
AED 2,227 /sqftAED 23,971 /sqmt
ReadyApartment440 sqft40.9 sqmtStudioOwner13 Jul 2026MAG 318
Business Bay
AED 950K
AED 2,130 /sqftAED 22,927 /sqmt
ReadyApartment446 sqft41.4 sqmtStudioOwner9 Jul 2026MAG 318
Business Bay
AED 1.1M
AED 2,463 /sqftAED 26,512 /sqmt
ReadyApartment434 sqft40.3 sqmtStudioOwner2 Jul 2026MAG 318
Business Bay
AED 1.8M
AED 2,137 /sqftAED 23,002 /sqmt
ReadyApartment819 sqft76.1 sqmt1 BedOwner1 Jul 2026MAG 318
Business Bay
AED 1.1M
AED 2,466 /sqftAED 26,544 /sqmt
ReadyApartment446 sqft41.4 sqmtStudioOwner12 May 2026MAG 318
Business Bay
AED 1.1M
AED 2,540 /sqftAED 27,340 /sqmt
ReadyApartment433 sqft40.2 sqmtStudioOwner16 Mar 2026MAG 318
Business Bay
AED 894.6K
AED 2,029 /sqftAED 21,840 /sqmt
ReadyApartment441 sqft41 sqmtStudioOwner16 Mar 2026MAG 318
Business Bay
AED 1.1M
AED 2,386 /sqftAED 25,683 /sqmt
ReadyApartment440 sqft40.9 sqmtStudioOwner25 Feb 2026MAG 318
Business Bay
AED 2M
AED 2,068 /sqftAED 22,260 /sqmt
ReadyApartment967 sqft89.8 sqmt2 BedsOwner12 Feb 2026MAG 318
Business Bay
AED 1.1M
AED 2,425 /sqftAED 26,102 /sqmt
ReadyApartment433 sqft40.2 sqmtStudioOwner3 Feb 2026MAG 318
Business Bay
AED 1M
AED 2,315 /sqftAED 24,918 /sqmt
ReadyApartment432 sqft40.1 sqmtStudioOwner29 Jan 2026
| LocationContract and unit | Annual rentAED a year | SpecsSize and bedrooms | Contract dateStart – End |
|---|---|---|---|
| MAG 318, Business BayApartmentNew contract | AED 58,000 | 441 sqft41 sqmtStudio | to |
| MAG 318, Business BayApartmentRenewal | AED 60,000 | 441 sqft41 sqmtStudio | to |
| MAG 318, Business BayApartmentNew contract | AED 57,000 | 432 sqft40.1 sqmtStudio | to |
| MAG 318, Business BayApartmentNew contract | AED 56,000 | 441 sqft41 sqmtStudio | to |
| MAG 318, Business BayApartmentNew contract | AED 65,000 | 440 sqft40.9 sqmtStudio | to |
| MAG 318, Business BayApartmentNew contract | AED 60,000 | 440 sqft40.9 sqmtStudio | to |
| MAG 318, Business BayApartmentNew contract | AED 105,000 | 967 sqft89.8 sqmt2 Beds | to |
| MAG 318, Business BayApartmentNew contract | AED 130,000 | 1,045 sqft97.1 sqmt2 Beds | to |
| MAG 318, Business BayApartmentNew contract | AED 50,000 | 982 sqft91.2 sqmt1 Bed | to |
| MAG 318, Business BayApartmentNew contract | AED 55,000 | 432 sqft40.1 sqmtStudio | to |
| MAG 318, Business BayApartmentNew contract | AED 42,000 | 441 sqft41 sqmtStudio | to |
| MAG 318, Business BayApartmentNew contract | AED 130,000 | 1,045 sqft97.1 sqmt2 Beds | to |
| MAG 318, Business BayApartmentNew contract | AED 150,000 | 1,043 sqft96.9 sqmt2 Beds | to |
| MAG 318, Business BayApartmentNew contract | AED 72,000 | 441 sqft41 sqmtStudio | to |
| MAG 318, Business BayApartmentNew contract | AED 110,000 | 1,042 sqft96.8 sqmt2 Beds | to |
| MAG 318, Business BayApartmentNew contract | AED 63,000 | 446 sqft41.4 sqmtStudio | to |
| MAG 318, Business BayApartmentNew contract | AED 90,000 | 819 sqft76.1 sqmt1 Bed | to |
| MAG 318, Business BayApartmentRenewal | AED 65,000 | 441 sqft41 sqmtStudio | to |
| MAG 318, Business BayApartmentNew contract | AED 60,000 | 433 sqft40.2 sqmtStudio | to |
| MAG 318, Business BayApartmentNew contract | AED 60,000 | 432 sqft40.1 sqmtStudio | to |
MAG 318
Business Bay
AED 58K/yr
ApartmentNew contract441 sqft41 sqmtStudiotoMAG 318
Business Bay
AED 60K/yr
ApartmentRenewal441 sqft41 sqmtStudiotoMAG 318
Business Bay
AED 57K/yr
ApartmentNew contract432 sqft40.1 sqmtStudiotoMAG 318
Business Bay
AED 56K/yr
ApartmentNew contract441 sqft41 sqmtStudiotoMAG 318
Business Bay
AED 65K/yr
ApartmentNew contract440 sqft40.9 sqmtStudiotoMAG 318
Business Bay
AED 60K/yr
ApartmentNew contract440 sqft40.9 sqmtStudiotoMAG 318
Business Bay
AED 105K/yr
ApartmentNew contract967 sqft89.8 sqmt2 BedstoMAG 318
Business Bay
AED 130K/yr
ApartmentNew contract1,045 sqft97.1 sqmt2 BedstoMAG 318
Business Bay
AED 50K/yr
ApartmentNew contract982 sqft91.2 sqmt1 BedtoMAG 318
Business Bay
AED 55K/yr
ApartmentNew contract432 sqft40.1 sqmtStudiotoMAG 318
Business Bay
AED 42K/yr
ApartmentNew contract441 sqft41 sqmtStudiotoMAG 318
Business Bay
AED 130K/yr
ApartmentNew contract1,045 sqft97.1 sqmt2 BedstoMAG 318
Business Bay
AED 150K/yr
ApartmentNew contract1,043 sqft96.9 sqmt2 BedstoMAG 318
Business Bay
AED 72K/yr
ApartmentNew contract441 sqft41 sqmtStudiotoMAG 318
Business Bay
AED 110K/yr
ApartmentNew contract1,042 sqft96.8 sqmt2 BedstoMAG 318
Business Bay
AED 63K/yr
ApartmentNew contract446 sqft41.4 sqmtStudiotoMAG 318
Business Bay
AED 90K/yr
ApartmentNew contract819 sqft76.1 sqmt1 BedtoMAG 318
Business Bay
AED 65K/yr
ApartmentRenewal441 sqft41 sqmtStudiotoMAG 318
Business Bay
AED 60K/yr
ApartmentNew contract433 sqft40.2 sqmtStudiotoMAG 318
Business Bay
AED 60K/yr
ApartmentNew contract432 sqft40.1 sqmtStudioto
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.
| Unit type | Rate per sq ft | Size | Yearly charge |
|---|---|---|---|
| 1 Bed Apartment (2026) | AED 23.03 | 820 sqft76.2 sqmt – 1,560 sqft144.9 sqmt | AED 18,885 – AED 35,927 |
| 2 Beds Apartment (2026) | AED 23.03 | 970 sqft90.1 sqmt – 2,080 sqft193.2 sqmt | AED 22,339 – AED 47,902 |
| Retail (2026) | AED 37.17 | 90 sqft8.4 sqmt – 3,180 sqft295.4 sqmt | AED 3,345 – AED 118,201 |
| Studio Apartment (2026) | AED 23.03 | 430 sqft39.9 sqmt – 450 sqft41.8 sqmt | AED 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
- Business BayRed 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:
- Ready
Ready- Ready
ReadyOff-plan
Ready
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.
Vishal Vijaykumar Khilwani
Property Advisor
Aniket Arun Tiwari
Property Advisor
Insha Ulla Khan
Property Advisor
Hafiz Muhammad Mudassir
Property Advisor
Mahmoud Hamzeh
Property Advisor
Shiela Marie Duran
Property Advisor
Youssouf Ngouh Njikam
Property Advisor
Mishel Wehbe
Associate Director
FAQs
MAG 318: questions answered
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.