MAG 318 Tower
Studios to two-beds in Business Bay. 10 apartments sold in the last 12 months; every sale, rent and unit is below.
About MAG 318 Tower
MAG 318 Tower is a freehold residential building in Business Bay, a central mixed-use district just south of Downtown Dubai. Completed in 2021, the 23‑storey tower places residents within a short drive of major leisure and business landmarks, including The Dubai Mall and Burj Khalifa. The building comprises approximately 439 apartments in studio, one- and two-bedroom layouts. Homes typically feature contemporary finishes with fitted kitchens, built-in wardrobes and many include balconies; select units enjoy city or Dubai Canal and Burj Khalifa views. The overall style is modern high-rise living suited to professionals and investors seeking a Downtown-adjacent address. Facilities in MAG 318 include a well-equipped gym, swimming pool and spa, along with a dedicated children’s play area. Practical conveniences cover multiple high-speed elevators, covered parking, 24-hour security with CCTV, and concierge services. The tower is pet-friendly and incorporates standard life-safety systems such as alarms and extinguishers. Connectivity is a key advantage. By car, Ras Al Khor Road can be reached in around six minutes, offering access across the city. Public transport options include nearby bus stops in Bay Square and the Business Bay Metro Station on the Red Line, which is roughly an eight-minute drive depending on traffic. Daily needs are well served by supermarkets and casual dining in the immediate vicinity, while a broader selection of retail, restaurants and entertainment is available in Downtown Dubai a few minutes away. Overall, MAG 318 offers modern, high-rise apartments with useful amenities and convenient links to core commercial and lifestyle hubs, balanced by the urban atmosphere typical of Business Bay.
439 apartments over 22 floors: 299 studios of 221 to 446 sqft, 47 one-beds of 812 to 1,563 sqft and 73 two-beds of 966 to 2,076 sqft. The service charge is AED 23.06 per sqft a year.
10 apartments sold in the 12 months to February 2026, at a median of AED 2,457 per sqft, up 1.4% on the year before. Most of the trading is in studios: 8 of the 10 sales, at AED 1,000,000 to 1,160,000, which is why the typical sale sits below the price of its larger homes. 83 rental contracts were registered over the same 12 months, at a typical AED 85,000 a year.
- Developer
- MAG
- Completed
- 2020
- Floors
- 22
- Units
- 439
- Unit types
- Studio to 2-bed
Average prices in MAG 318 Tower
In MAG 318 Tower, typical sale prices over the last 12 months were around AED 1,080,000 for studios, AED 1,710,000 for one-beds and AED 2,000,000 for two-beds.
Last 12 months of DLD sales, median per type. Each type links to its own page with every unit and its history.
Price history in MAG 318 Tower
Every registered sale in the last 12 months; the dashed line is the trend within those 12 months, grey dots are flagged outliers left out of it.
Transaction history in MAG 318 Tower
- Completed2-bed · 966 sqft 12 Feb 2026AED 2,000,0002,069 /sqft
- CompletedStudio · 432 sqft 03 Feb 2026AED 1,050,0002,425 /sqft
- CompletedStudio · 431 sqft 29 Jan 2026AED 1,000,0002,317 /sqft
- CompletedStudio · 431 sqft 27 Jan 2026AED 1,160,0002,687 /sqft
- Completed1-bed · 982 sqft 22 Jan 2026AED 1,710,0001,741 /sqft
- CompletedStudio · 440 sqft 23 Dec 2025AED 1,100,0002,496 /sqft
- CompletedStudio · 441 sqft 08 Dec 2025AED 1,150,0002,607 /sqft
- Completed439 sqft 04 Dec 2025AED 1,085,0002,467 /sqft
- Completed441 sqft 26 Nov 2025AED 1,080,0002,448 /sqft
- Completed432 sqft 20 Nov 2025AED 1,075,0002,483 /sqft
Over the last 12 months, MAG 318 Tower has recorded 10 apartment sales. Typical homes sold for around AED 1.09M (about AED 2,457 per sqft) with a median size of 440 sqft; most were studios, from roughly AED 1M to AED 2M.
Units in MAG 318 Tower
439 units- Unit 4012-bed · 1,257 sqftSold AED 1.7M, Sep 2021
- Unit 402Studio · 438 sqftSold AED 1.08M, Dec 2020
- Unit 403Studio · 433 sqftSold AED 1.05M, Feb 2026
- Unit 404Studio · 434 sqftSold AED 780K, Jul 2018
- Unit 4051-bed · 869 sqftSold AED 1.96M, Dec 2020
- Unit 4061-bed · 872 sqftSold AED 1.96M, Dec 2020
- Unit 4071-bed · 876 sqftSold AED 1.81M, Apr 2021
- Unit 4082-bed · 1,602 sqftSold AED 1.03M, Jan 2022
- Unit 4091-bed · 1,563 sqftSold AED 1.85M, Sep 2021
- Unit 4102-bed · 2,076 sqftSold AED 2.25M, Dec 2020
Every unit in MAG 318 Tower, by number
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Nearby buildings in Business Bay
All 170 →| Building | Completed | Sale /sqft | Rent /sqft | Yield |
|---|---|---|---|---|
| Burj Pacific | 2016 | AED 1,449 | ||
| Fifty One Tower | 2012 | Few sales | ||
| Empire Heights 1 | 2011 | Few sales | ||
| Empire Heights Podium | 2011 | Few sales | ||
| Empire Heights 2 | 2011 | Few sales | ||
| B2B Tower | 2015 | Few sales | ||
| Reva Residences | 2022 | AED 1,982 | AED 161 | 8.1% |
| Al Noor Tower | Few sales | |||
| The Crestmark | AED 2,919 | |||
| Vera Residences | 2022 | AED 1,668 | AED 153 | 9.2% |
MAG 318 Tower in numbers
- Across 10 DLD sales in the 12 months to February 2026, the median price in MAG 318 Tower was AED 2,457 per sqft and the typical home sold for about AED 1.09M.
- Completed in 2020 by MAG; 22 floors of studios to two-beds; service charge AED 23.06 per sqft a year.
- Studios of 221 to 446 sqft sold for AED 1,000,000 to 1,160,000 between November 2025 and February 2026, a median AED 2,475 per sqft.
- A studio of 221 to 446 sqft rents for AED 58,000 to 120,000 a year on the 46 contracts registered in the last 12 months.
- Gross rental yield 6.7%: the median rent per sqft over the median sale price per sqft, before service charges.
Source: Dubai Land Department. Updated 19 February 2026.
Questions about MAG 318 Tower
How much does a studio in MAG 318 Tower cost?
8 studios sold in the 12 months to February 2026, for AED 1,000,000 to 1,160,000; the median was AED 1,082,500, or AED 2,475 per sqft.
How much is a studio for rent in MAG 318 Tower?
About AED 78,000 a year: that is the median of the 46 contracts for studios registered with Ejari in the 12 months to February 2026, from AED 58,000 to 120,000.
What is the rental yield in MAG 318 Tower?
About 6.7% gross across the building, before service charges: the median rent per sqft over the median sale price per sqft in the last 12 months.
Have prices in MAG 318 Tower gone up?
The median price per sqft rose from about AED 2,423 to AED 2,457 over the 12 months to February 2026, up 1.4%, on 10 sales against 44 the year before.
What is the service charge in MAG 318 Tower?
AED 23.06 per sqft a year. For a typical 440 sqft home that is about AED 10,100 a year.
Who built MAG 318 Tower and when?
MAG; completed in 2020; 22 floors; 439 apartments.
How many apartments are there in MAG 318 Tower?
439, studios to two-beds. Each has its own page with its full sales and rental history.
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