MAG 318

Completed · Q4 2020|451 units · 1 tower

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MAG 318 is a completed apartment development by MAG PROPERTY DEVELOPMENT L.L.C in Business Bay, comprising 451 registered units. 641 sales are registered with the Dubai Land Department, at a current PIX© price of AED 2,119 per sqft. At AED 2,119 per sqft, MAG 318 prices 13% below the Business Bay average of AED 2,432 per sqft on registered sales.

PIX© price · ↓14.4% YoY

1.22MAED

Typical

2,119AED

PSF

Gross yield

6.5%

PIX© rent ÷ PIX© price

Sale records

641

DLD · all time

Rent contracts

1,601

Ejari · all time

SATELLITE

LocationBusiness Bay in Business Bay

Drive times · typical

Downtown Dubai4 min · 0.7 km

DXB Airport13 min · 15.2 km

DIFC12 min · 4.6 km

Dubai Marina23 min · 22.1 km

Palm Jumeirah24 min · 24.4 km

Nearest · straight-line

Metro stationBurj Khalifa/ Dubai Mall Metro Station1.8 km

MallMAG 318 by mimar

SchoolTutor Doctor0.2 km

HospitalShades Medical Center0.1 km

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MAG 3182,119AED/sqft · project-wide

Units

Every unit type registered in this project. PIX© values are EMA-weighted current figures from registered records. Select a row for detail.

Type	Units	PIX© Price	PIX© PSF	PSF YoY	PIX© Rent /yr	Yield
PIX© Core Project-Wide 432 – 3,180 sqft	451	1.22M	2,119	↓14.4%	80K	6.5%
Residential
Studio · Apartment 432 – 446 sqft	316
1 Bed · Apartment 819 – 1,563 sqft	48
2 Bed · Apartment 966 – 2,076 sqft	75
Commercial
Shop 1,350 – 3,180 sqft	12			—

Sales — Project-Wide641 DLD records

PIX© price analysis

PIX©Entry

PIX©Standard

PIX©Premium

PSF YoY

3-month change

All time

Price range

PSF range

Avg size

Cash : mortgage

Off-plan : ready

Floor Analysis

last 24 months

Floors	Median PSF
All floors	73 sales
Floors 4-14	39 sales
Floors 15-22	34 sales

Median PSF · 73 sales

Floors 4-14 · 39 sales

Floors 15-22 · 34 sales

Latest transactions

Date	Unit	Position	Size	Price	PSF	vs Prior Sale	Tier	Type
7 Aug 2026	Studio	Floor 10	440	850,000	1,933	+9.0%	Entry Level	Standard Sale
27 Jul 2026	1 Bed	Floor 11	982	1,732,516	1,764	+1.1%	Standard	Standard Sale
21 Jul 2026	Studio	Floor 18	441	850,000	1,927	-16.7%	Entry Level	Standard Sale

Rentals — Project-Wide1,601 Ejari contracts

PIX© rent analysis

PIX©Entry

PIX©Standard

PIX©Premium

Rent PSF YoY

Gross yield

All time

Rent range

Renewals

Corporate

Floor Analysis

last 24 months

Floors	Median Rent / Yr
All floors	549 rentals
Floors 4-5	39 rentals
Floors 6-10	135 rentals
Floors 11-22	375 rentals

Median Rent / Yr · 549 rentals

Floors 4-5 · 39 rentals

Floors 6-10 · 135 rentals

Floors 11-22 · 375 rentals

Latest contracts

Start Date	Position	Size	Rent / Yr	Rent PSF	vs Prior Rent	Tier	Type
17 Aug 2026	Floor 14	436	60,000	138	-25.0%	Entry Level	new
14 Aug 2026	Floor 14	446	55,000	123	-24.7%	Entry Level	new
13 Aug 2026	Floor 20	440	60,000	136	-20.0%	Entry Level	new

Comparables

How this project prices against its peers, ranked by PIX© price per square foot.

Map of comparable projects in this community

This projectPeers by PIX© PSF rankSelected comparisonSelect a marker to compare2 peers could not be placed

This project

MAG 318

Compared with

Trillionaire Residences by Binghatti

PIX© PSF

2,248

Rank

#12 of 39

#11 of 39

Typical price

1.15M

Yield

7.1%

Units

451

369

Sales

154

Rents

803

205

Developer

MAG PROPERTY DEVELOPMENT L.L.C

Binghatti Developers FZE

Handover

2020

2024

Rank	Project	Units	PIX© PSF	vs subject	Typical price	Yield	Sales	Rents
	Peninsula Five SELECT GLOBAL DEVELOPMENT L.L.C · 2024	383					134	285
	Binghatti Canal Binghatti Developers FZE · 2023	307					122	353
	Urban Oasis DAR GLOBAL PROPERTIES L.L.C · 2023	467					42	344
	The Sterling West House OMNIYAT PROPERTIES SEVENTEEN LIMITED · 2023	296					94	140
	Trillionaire Residences by Binghatti Binghatti Developers FZE · 2024	369					58	205
12	MAG 318 MAG PROPERTY DEVELOPMENT L.L.C · 2020	451	2,248	Subject	1.15M	7.1%	154	803
	Sol Bay S O L PROPERTIES DEVELOPMENT L.L.C · 2020	331					293	505
	Marquise Square Tower SRG REAL ESTATE DEVELOPER L.L.C · 2019	428					146	613
	The Paragon By IGO IGO REAL ESTATE DEVELOPMENT - FZ · 2024	328					43	211
	SLS Dubai W O W REAL ESTATE DEVELOPMENT · 2021	928					258	626
	Waves tower	—					115	246

Community median 1,991 AED/sqft. Showing the closest-ranked peers of 39 ranked projects in the community. 12 community projects excluded for insufficient recorded sales. 46 excluded for trading only in the off-plan market. 21 excluded for insufficient unit-mix overlap. Peer set trimmed to the most similar projects by unit size, vintage and status. PIX© PSF is like-for-like on this project's unit mix · ready and off-plan registrations priced separately · yields from new Ejari contracts · cash sales, last 48 months.

Comparable projects in Business Bay

The closest-priced registered projects in Business Bay.

Vera TowerAED 2,119/sqft
15 NorthsideAED 2,130/sqft
Urban LifeAED 2,094/sqft
Sobha SapphireAED 2,145/sqft
J OneAED 2,071/sqft
Empire HeightsAED 2,180/sqft

Common questions about MAG 318

Answered from Dubai Land Department registered transactions.

How much does a property in MAG 318 cost?

Property in MAG 318 sells at a current PIX© price of AED 2,119 per sqft, or about AED 1,221,324 for a typical unit, based on 641 sales registered with the Dubai Land Department.

Is MAG 318 completed?

Yes. MAG 318 is recorded as completed in the Dubai Land Department project register (completed q4 2020).

Who is the developer of MAG 318?

MAG 318 is developed by MAG PROPERTY DEVELOPMENT L.L.C, the developer recorded against the project in the Dubai Land Department register.

What is the rental yield in MAG 318?

MAG 318 yields 6.5% gross, calculated from current PIX© rent against current PIX© sale price, across 1,601 registered Ejari contracts.

How many units are in MAG 318?

MAG 318 holds 451 registered units, per the Dubai Land Department unit register.

Have prices in MAG 318 gone up or down?

Price per sqft has fallen -14.4% over the last 12 months, to AED 2,119, across 641 registered sales.