MAG 318

Completed|495 units · 1 tower

MAG 318 is a completed development by MAG PROPERTY DEVELOPMENT L.L.C in Business Bay, comprising 495 registered units. 643 sales are registered with the Dubai Land Department, at a current PIX© price of AED 2,010 per sqft. At AED 2,010 per sqft, MAG 318 prices in line with the Business Bay median of AED 1,991 per sqft on registered sales.

PIX© price · ↓14.7% YoY

1.23MAED

Typical

2,010AED

PSF

Gross yield

6.4%

PIX© rent ÷ PIX© price

Sale records

643

DLD · all time

Rent contracts

1,726

Ejari · all time

Location data © OpenStreetMap contributors

SATELLITE

LocationBusiness Bay

Drive times · typical

Downtown Dubai4 min · 0.7 km

DXB Airport13 min · 15.2 km

DIFC12 min · 4.6 km

Dubai Marina22 min · 22.1 km

Palm Jumeirah23 min · 24.4 km

Nearby · straight-line

Metro stationBurj Khalifa / Dubai Mall1.8 km

MallSouk Al Bahar0.8 km

SchoolHartland International School2.4 km

HospitalMedcare Orthopaedics & Spine Hospital3.8 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 Sep 2026
Owners: 4
Tenants: 4
Price change
Yield on cost

Sale price by owner

Party	Date	Held	Note
4Tenant 4	21 Sep 2026		Owner 4
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	5.0 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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Management, cleaning, platform fees: a percent of revenue, or a yearly amount.

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MAG 3182,010AED/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	1.23M	2,010	↓14.7%		78K	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-Wide643 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	Beds	Position	Size	Price	PSF	vs Prior Sale	Tier	Type
22 Oct 2026	Studio	MAG 318 · Floor 11	432	850,000	1,968	+9.0%	Entry Level	Standard Sale
16 Sep 2026	2 Bed	MAG 318 · Floor 7	967	2,000,000	2,069	-2.4%	Standard	Standard Sale
14 Sep 2026	2 Bed	MAG 318 · Floor 4	1,602	2,800,000	1,747	-	Standard	Standard Sale

Rentals - Project-Wide1,726 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
5 Nov 2026	Studio	MAG 318 · Floor 12	441	60,000	136	-	Standard	CONTRACT
4 Nov 2026	Studio	MAG 318 · Floor 19	432	57,000	132	-	Standard	CONTRACT
1 Nov 2026	1 Bed	MAG 318 · Floor 10	982	100,829	103	-	Premium	CONTRACT

Comparables

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

Map of comparable projects in this community

Location data © OpenStreetMap contributors

This projectPeers by PIX© PSF rankSelected comparisonSelect a marker to compare

This project

MAG 318

Compared with

Peninsula Four

PIX© PSF

2,244

Rank

#10 of 37

#9 of 37

Typical price

1.20M

Yield

5.9%

Units

495

1,072

Sales

149

Rents

1,174

200

Developer

MAG PROPERTY DEVELOPMENT L.L.C

SELECT GLOBAL DEVELOPMENT L.L.C

Handover

Completed

Rank	Project	Units	PIX© PSF	vs subject	Typical price	Yield	Sales	Rents
	Peninsula Five SELECT GLOBAL DEVELOPMENT L.L.C · Completed	408					142	385
	Ahad Residences AHAD REAL ESTATE DEVELOPMENT L.L.C · Completed	357					112	573
	15 Northside Tower 1 SELECT GLOBAL DEVELOPMENT L.L.C · Completed	251					147	499
	15 Northside SELECT GLOBAL DEVELOPMENT L.L.C · Completed	366					199	718
	Peninsula Four SELECT GLOBAL DEVELOPMENT L.L.C · Completed	1,072					26	200
10	MAG 318 MAG PROPERTY DEVELOPMENT L.L.C · Completed	495	2,244	Subject	1.20M	5.9%	149	1,174
	Trillionaire Residences BINGHATTI DEVELOPERS FZE · Completed	369					63	267
	SOL Bay S O L PROPERTIES DEVELOPMENT L.L.C · Completed	331					239	723
	Damac Maison Prive B DAMAC · Completed	527					236	1,337
	Damac Maison Prive DAMAC · Completed	1,056					456	2,581
	The Paragon by IGO IGO REAL ESTATE DEVELOPMENT - FZ · Completed	399					44	275

Community median 1,991 AED/sqft. Showing the closest-ranked peers of 37 ranked projects in the community. 13 community projects excluded for insufficient recorded sales. 56 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.

Binghatti CanalAED 2,014/sqft
Marquise Square TowerAED 1,991/sqft
Merano TowerAED 1,979/sqft
Bay's EdgeAED 1,979/sqft
Vera ResidencesAED 2,072/sqft
Aykon City Tower CAED 1,905/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 2,010 per sqft, or about AED 1,230,811 for a typical unit, based on 643 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 1,726 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 -14.7% over the last 12 months, to AED 2,010, across 643 registered sales.