MAG 318

Completed|495 units · 1 tower

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MAG 318 is a completed development by MAG PROPERTY DEVELOPMENT L.L.C in Business Bay, comprising 495 registered units. 640 sales are registered with the Dubai Land Department, at a current PIX© price of AED 2,103 per sqft. At AED 2,103 per sqft, MAG 318 prices 4% above the Business Bay median of AED 2,029 per sqft on registered sales.

PIX© price · ↓6.0% YoY

1.21MAED

Typical

2,103AED

PSF

Gross yield

6.4%

PIX© rent ÷ PIX© price

Sale records

640

DLD · all time

Rent contracts

1,623

Ejari · all time

SATELLITE

LocationBusiness 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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Exclusive to PropertyIndex©

PIX© Unit History

Pick a building and floor, or select a position in any table below, to follow one unit through every registered owner and tenant.

Floor

Units on floor 14

…

Studio on Floor 14, MAG 318

Size
Record: Mar 2018 to May 2025
Owners: 4
Tenants: 3
Price change
Yield on cost

Sale price by owner

Party	Date	Held	Note
3Tenant 3	23 May 2025	12 mo	Renewal Owner 4
3Tenant 3	23 May 2024	12 mo	Owner 4
2Tenant 2	15 Mar 2023	14 mo	Owner 4
1Tenant 1	15 Mar 2022	13 mo	Owner 4
4Owner 4	17 Nov 2021	4.8 yrs	Current owner
3Owner 3	25 Feb 2021	9 mo
2Owner 2	10 Apr 2019	23 mo
1Owner 1	21 Mar 2018	13 mo

PIX© Airbnb Calculator

Your nightly rate and occupancy, against this unit’s registered record.

Studio · Floor 14 · MAG 318

Nightly rateAED

Occupancy (237 nights)

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MAG 3182,103AED/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	Trend	PIX© Rent /yr	Yield
PIX© Core Project-Wide 85 - 3,180 sqft	495	1.21M	2,103	↓6.0%		77K	6.4%
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			-
Warehouse 85 sqft	44	-	-	-	-	-	-

Sales - Project-Wide640 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

Latest transactions

Date	Unit No.	Beds	Position	Size	Price	PSF	vs Prior Sale	Tier	Type
27 Aug 2026	—	Studio	MAG 318 · Floor 9	433	920,000	2,125	+18.0%	Entry Level	Standard Sale
7 Aug 2026	—	Studio	MAG 318 · Floor 10	440	850,000	1,933	+9.0%	Entry Level	Standard Sale
27 Jul 2026		1 Bed	MAG 318 · Floor 11	982	1,732,516	1,764	+1.1%	Standard	Standard Sale

Rentals - Project-Wide1,623 Ejari contracts

PIX© rent analysis

PIX©Entry

PIX©Standard

PIX©Premium

Rent PSF YoY

Gross yield

All time

Rent range

Renewals

Latest contracts

Start Date	Beds	Position	Size	Rent / Yr	Rent PSF	vs Prior Rent	Tier	Type
15 Sep 2026	1 Bed	MAG 318 · Floor 13	982	90,000	92	-	Entry Level	CONTRACT
15 Sep 2026	1 Bed	MAG 318 · Floor 13	982	90,000	92	-	Entry Level	CERTIFICATE
7 Sep 2026	2 Bed	MAG 318 · Floor 5	1,044	110,000	105	-	Entry Level	CONTRACT

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 compare1 peer could not be placed

This project

MAG 318

Compared with

Binghatti Canal

PIX© PSF

2,261

Rank

#10 of 37

#9 of 37

Typical price

1.16M

Yield

6.3%

Units

495

307

Sales

153

121

Rents

1,136

456

Developer

MAG PROPERTY DEVELOPMENT L.L.C

BINGHATTI DEVELOPERS FZE

Handover

Completed

Rank	Project	Units	PIX© PSF	vs subject	Typical price	Yield	Sales	Rents
	Ahad Residences AHAD REAL ESTATE DEVELOPMENT L.L.C · Completed	357					108	527
	15 Northside Tower 1 SELECT GLOBAL DEVELOPMENT L.L.C · Completed	251					145	458
	15 Northside SELECT GLOBAL DEVELOPMENT L.L.C · Completed	366					197	668
	Peninsula Five SELECT GLOBAL DEVELOPMENT L.L.C · Completed	408					136	345
	Binghatti Canal BINGHATTI DEVELOPERS FZE · Completed	307					121	456
10	MAG 318 MAG PROPERTY DEVELOPMENT L.L.C · Completed	495	2,261	Subject	1.16M	6.3%	153	1,136
	Damac Maison Prive A DAMAC · Completed	517					224	1,179
	Trillionaire Residences BINGHATTI DEVELOPERS FZE · Completed	369					60	228
	SOL Bay S O L PROPERTIES DEVELOPMENT L.L.C · Completed	331					292	700
	Marquise Square Tower SRG REAL ESTATE DEVELOPER L.L.C · Completed	428					138	1,089
	Damac Maison Prive DAMAC · Completed	1,056					458	2,516

Community median 2,029 AED/sqft. Showing the closest-ranked peers of 37 ranked projects in the community. 13 community projects excluded for insufficient recorded sales. 57 excluded for trading only in the off-plan market. 23 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 ResidencesAED 2,086/sqft
Damac Maison Prive BAED 2,139/sqft
The Paragon by IGOAED 2,150/sqft
Damac Maison PriveAED 2,153/sqft
Aykon City Tower CAED 2,029/sqft
Marquise Square TowerAED 2,184/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 2,103 per sqft, or about AED 1,209,251 for a typical unit, based on 640 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.

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 6.4% gross, calculated from current PIX© rent against current PIX© sale price, across 1,623 registered Ejari contracts.

How many units are in MAG 318?

MAG 318 holds 495 registered units, per the Dubai Land Department unit register.

Have prices in MAG 318 gone up or down?

Price per sqft has fallen -6.0% over the last 12 months, to AED 2,103, across 640 registered sales.