MAG 318, Business Bay

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.

• 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

Статус

Готово

Девелопер

MAG

Местоположение

Business Bay, Дубай

Завершено

Q4 2020

Типы объектов

Studio, 1 Bed, 2 Beds, Commercial

Prices from

AED 550.0K

Медианная цена за sq ft

AED 2,134

Median gross yield

7.5%

Сервисный сбор

AED 23.03 per sq ft (2026)

Nearest metro

Burj Khalifa Road, 1.3 km

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

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)

Every sale in MAG 318Every rent contract 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.

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

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
• Бизнес-БейRed 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

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

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

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

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

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

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

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  15 Northside Tower 1

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  51 @ Business Bay

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  77S

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  AG Tower

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