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MAG 318
by MAG Lifestyle Development

Studios, one and two bedroom apartments

AED 944,44 K Starting price
Ready Handover
MAG 318by MAG Lifestyle Development

Buy Apartments in MAG 318 by MAG Lifestyle Development, Business Bay

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Amirans Kavtaradze

List by

Amirans Kavtaradze

Starting Price AED 944,444
Location Business Bay
Developer MAG Group
Handover Ready
Living Area 445 sq. ft. - 2,362 sq. ft.
Bedrooms Studios - 2 BR
Total amount of units 439
Apartments

MAG 318 is a completed 23-storey residential tower in Business Bay with studios, one and two bedroom apartments. Residents share a leisure-led amenity deck that runs from a swimming pool and gym to landscaped grounds and a children's play area.

Inside the 23-storey tower are 439 residences and roughly 292,000 sq ft of sellable area, with three basement parking levels below. Studios start at around 445 sq ft. One bedroom layouts range from 842 to 1,588 sq ft, while two bedroom homes reach 2,362 sq ft. Buyers considering apartments for sale in MAG 318 can choose a layout for solo living, couples or families. Designed finishes and private balconies allow each home to be furnished for personal use or leasing. On the podium, residents have access to a swimming pool, gym, barbecue lounge and landscaped leisure space. High-speed elevators and secure basement parking support everyday routines. As the building is complete, a MAG 318 studio for sale can be inspected, occupied or tenanted without waiting for handover. MAG 318 prices therefore relate to finished homes whose condition, layout and outlook can be assessed before purchase.

MAG 318
About MAG 318

Overview of MAG 318

On the Business Bay border, close to Downtown Dubai, this completed tower combines immediate occupancy with access to an established central rental market.

5.5%

Average ROI

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Community

Business Bay is a high-rise, mixed-use district where offices, homes, restaurants and shops line the Dubai Water Canal. It attracts city professionals, entrepreneurs and investors seeking an urban base close to Downtown. The pace is lively, although canal promenades and landscaped public spaces provide room to slow down. Buyers considering apartments in Business Bay should allow for peak-period traffic on the main roads. For those exploring real estate in Business Bay, workspaces, waterside walks and Downtown landmarks all sit within a compact central district.

Schools are within a short drive: Hartland International School is about 2.4 km away and North London Collegiate School Dubai roughly 2.6 km. Business Bay itself provides dining, retail and healthcare options, while Dubai Mall is around 7 minutes away by car. Sheikh Zayed Road and Al Khail Road connect the district with the wider city, and Business Bay Metro Station supports car-free commuting. Dubai International Airport is about 14 minutes away; Palm Jumeirah and JBR are roughly 19 and 23 minutes away.

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Interior

Residences have a restrained contemporary character, with private balconies extending the living space toward the city. Designed finishes provide a composed backdrop without imposing one furnishing style on every home. A one bedroom apartment for sale in Business Bay within the tower can therefore suit either a personal scheme or a furnished rental setup. Buyers should inspect the specific unit to compare its daylight, outlook, condition and finish.

Designed finishes continue through the kitchens, bathrooms and living areas, and the completed apartments are ready for move-in or leasing. Living zones connect with private balconies, although condition and detailing can vary between resale units. A two bedroom apartment for sale in Business Bay here provides separation between shared and sleeping spaces for families or tenants. Buyers can inspect the actual kitchen, bathroom, flooring and fittings before committing.

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Infrastructure

Daily conveniences are close to the tower. An on-site coffee shop covers quick morning stops, while surrounding Business Bay streets offer cafes, casual eateries and restaurants. Grocers, pharmacies and service outlets handle routine errands, and the canal promenade adds waterside dining and leisure. Buyers planning to buy property in Business Bay can manage many day-to-day needs on foot rather than relying on a car.

Dubai Mall, around 7 minutes away by car, covers major shopping, cinema and dining needs. Clinics in Business Bay and neighbouring Downtown provide nearby healthcare options. For longer journeys, residents can use Business Bay Metro Station or connect by road through Sheikh Zayed Road and Al Khail Road. Dubai International Airport is roughly 14 minutes away, while The Walk at JBR is about 23 minutes by car.

Overview

Ready to invest in a completed Business Bay address?

Amenities of MAG 318

The tower pairs leisure and wellness facilities with family-focused spaces, and a studio for sale in Business Bay here comes with full access to the shared amenity deck.

Swimming pool

Swimming pool

Fully equipped gymnasium

Fully equipped gymnasium

Landscaped outdoor leisure space

Landscaped outdoor leisure space

Outdoor gym with rubber flooring
Spa with sauna and steam room
BBQ lounge
Enclosed children's pool
Covered children's playground
Community centre
On-site coffee shop
Security and CCTV
High-speed elevators
Secure basement parking

Gallery MAG 318

Gallery

About Our Approach to Work — Alcenza

At Alcenza Properties, we present the best properties in Dubai, whether for permanent residence or investment. Our team handles every aspect of the process, including transactions, documentation, legal issues, and logistics. This ensures you can focus on your daily life without wasting time on organizational matters.

Step 1.

Initial
Consultation

Our agent will arrange a personal meeting or discuss everything in a format that suits you best. During this consultation, you will outline your goals, be it residence, investment, visa acquisition, or other needs. We will provide you with the most optimal solutions.

Step 2.

Finding the Best Property

Based on your budget and investment goals, we will present a selection of real estate options, including off-plan, primary, and secondary market properties. We will handle all communication with a developer or private owner.

Step 3.

Communication With a Seller

We act as the liaison between you and the seller. From verifying documentation to organizing meetings and monitoring every stage of the transaction, we manage the whole process.

Step 4.

Legal Documentation and Management

Our team ensures the smooth and transparent transfer of property rights through the Dubai Land Department (DLD). We assist with visa applications and offer property management services.

15+
With extensive expertise in the UAE and European real estate markets, we are ready to offer you the most profitable solutions. We guarantee transparency and security at every stage of your transaction.
30%+ Profit From Resale
Our clients have achieved profits of up to 30% within just two years by reselling properties with our guidance.
200+ Exclusive Listings
Gain access to unique investment opportunities and real estate properties that are not publicly listed.
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MAG 318
About Us

Economic Attractiveness

Backed by MAG Lifestyle Development within the 40-year MAG Group, this completed tower carries the liquidity of an established central address with a proven letting record.

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Investment appeal comes from completed status, central location and an active rental market. Professionals working in Business Bay or Downtown form a natural tenant pool, while the pool, gym, spa and family facilities broaden the building's appeal. Metro access and links to Sheikh Zayed Road and Al Khail Road support commuting across Dubai. Because the tower is delivered, buyers face no handover risk or construction-stage MAG 318 payment plan; purchases proceed by cash or mortgage. A MAG 318 investment can also be inspected before purchase. Buyers comparing property for sale in Business Bay or Business Bay flats for sale can assess the actual unit, its condition and its leasing potential.

Current asking prices start from AED 944,444 for studios, with one and two bedroom apartments priced above that according to size and floor. Business Bay is a designated freehold zone, so foreign nationals can buy here with full ownership rights, and Dubai residential transfers carry the standard 4% transfer fee. Residential purchases are not subject to the 5% VAT applied to commercial deals.

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For Rent

MAG 318 has an established rental market rather than a projected one. Studios are currently offered from about AED 53,000 per year, while 186 new rental contracts across MAG 318 apartments recorded an average of AED 96,766 over the last 12 months. Against the studio starting price of AED 944,444, the entry figures indicate a gross yield of about 6% before costs and vacancy. Apartments for rent in MAG 318 serve both annual tenants and the furnished-stay market.

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For Living

Life at MAG 318 combines a central address with practical leisure facilities. Residents can use the pool, gym, spa, barbecue lounge and landscaped areas, while families have a children's pool and covered playground. Layouts range from studios to two bedroom homes with designed finishes and private balconies. Dubai Mall and the canal promenade are nearby, and Business Bay Metro supports car-free journeys. Peak-hour road traffic remains the main trade-off of this central location.

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For Resale

MAG 318 benefits on resale from its completed status and Business Bay location. Recorded sales in the tower give future sellers transaction evidence that off-plan projects cannot yet offer. Demand for apartments for sale in Business Bay also brings both end-users and investors into the buyer pool. Owners can market a unit on its actual condition, layout, tenant status and amenity access rather than relying on construction promises.

UAE Golden Visa

Residence Visa

When purchasing a property from AED 2M (USD 545K), you can apply for a 10-year Golden Visa. This visa is renewed as long as you maintain ownership of the property.

Visa for Your Family

Your family members, including your spouse and children, can also get a Golden Visa. Once you receive a residence visa, you can continue your studies in the UAE, enjoy tax benefits, and conduct business in the country.

passport

Developer MAG 318

MAG 318 was delivered by MAG Lifestyle Development, the property arm of the long-established MAG Group conglomerate.

Within the parent company, MAG Lifestyle Development draws on MAG Group's 40-year history in the UAE. Its Dubai portfolio includes the 66-storey MAG 218 in Dubai Marina, the 40-storey MAG 214 in JLT, MAG 5 Boulevard in Dubai South and Emirates Financial Towers in DIFC. These completed high-rise projects demonstrate experience across established districts, while MAG 318 itself was completed in December 2020 and received Residential Project of the Year recognition in 2019.

Location MAG 318

MAG 318 sits on the Business Bay–Downtown edge, close to the Dubai Water Canal and within easy reach of Downtown's landmarks. The MAG 318 location places Dubai Mall roughly 7 minutes away by car.

Sheikh Zayed Road and Al Khail Road provide access to the wider city. By car, Burj Al Arab is about 18 minutes away and Palm Jumeirah around 19 minutes. The Walk at JBR is roughly a 23-minute drive, keeping major leisure destinations within weekend reach.
Public transport is a real strength here. Business Bay Metro Station serves the district for car-free commuting into the city's business and retail hubs, while the two main highways handle onward road journeys. Dubai International Airport is reachable in about 14 minutes, and Al Maktoum International Airport in roughly 41 minutes, keeping both business and holiday travel straightforward from the front door.

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Map → Location MAG 318 Icon Map PIN

Attraction

Dubai Mall

icon 7 min

Burj Al Arab

18 min

Palm Jumeirah

19 min

Healthcare

Business Bay clinics

icon 5 min

Downtown Medical Centers

8 min

Pharmacies

5 min

Education

Hartland Int’l School

icon 5 min

Business Bay Nurseries

6 min

NLCS Dubai

6 min

Transportation

Business Bay Metro

icon 4 min

DXB Airport

14 min

DWC Airport

25 min

General FAQs

Below are the questions buyers, tenants and investors ask most often about MAG 318. If something you need isn't covered here, reach out and our team will walk you through the details.

Ask a Question

What is MAG 318?

MAG 318 is a ready residential tower on the Business Bay–Downtown border near the Dubai Water Canal. MAG Lifestyle Development completed it in December 2020. Its 439 homes share three basement parking levels and can be inspected for immediate occupation or leasing.

How much does an apartment in MAG 318 cost?

Studios are currently offered from AED 944,444. Prices for one and two bedroom apartments vary with size, floor, condition and outlook. As MAG 318 is complete, buyers are comparing resale homes rather than launch-stage inventory.

Is there a payment plan for MAG 318?

No current developer installment plan has been verified. Purchases are standard resale transactions funded by cash or mortgage. Buyers should also budget for the 4% Dubai Land Department transfer fee; residential purchases are not subject to the 5% VAT applied to commercial property.

What is the rental yield and rent at MAG 318?

Studio asking rents start at about AED 53,000 per year. Compared with the current studio entry price of AED 944,444, that indicates a gross yield of about 6% before service charges, vacancy and other costs. Across 186 new MAG 318 apartment contracts in the last 12 months, the average registered rent was AED 96,766.

What unit types and sizes are available?

The project includes studios, one bedroom apartments and two bedroom apartments. Reference sizes run from about 445–456 sq ft for studios, 842–1,588 sq ft for one bedroom homes and 1,020–2,362 sq ft for two bedroom layouts. Individual resale listings should be checked against their title documents and floor plans.

What amenities does MAG 318 offer?

Shared facilities include a swimming pool, indoor and outdoor gyms, landscaped leisure space, a barbecue lounge, children's areas, a community centre and an on-site coffee shop. The building also provides security, high-speed elevators and basement parking; spa, sauna and steam facilities are reported on site.

Can foreigners buy an apartment in MAG 318?

Yes. Business Bay is a freehold area, allowing foreign nationals to own an apartment in MAG 318. The 4% Dubai Land Department transfer fee applies in addition to the agreed purchase price.

What is Business Bay like to live in?

Business Bay suits residents who want offices, dining, retail and canal walks close to home. Downtown and Dubai Mall are nearby, while the metro and major roads support wider travel. Peak-hour congestion is the principal drawback, although many routine journeys can be made on foot or by public transport.
FAQs

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MAG 318
Amirans Kavtaradze

List by

Amirans Kavtaradze

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MAG 318

Starting Price AED 944,44 K

Handover Ready