Business Bay
Mag 318
ماج 318Mag Property Development L.L.C · Selling since 2017 · recent sales mostly resales
The Land Department’s record
completed per DLD · 100% complete · buildings · 451 units · 1 building · DLD target completion December 2020
Registered developer: Mag Property Development L.L.C (DLD no. 1164)
Master developer: BUSINESS BAY (L.L.C) (DLD no. 898)
Escrow account with Emirates NBD · Zoned by Dubai Development Authority (DDA)
From the Land Department’s projects file published 15 June 2026. These are the register’s own entries, not a status we determined, and they change only when DLD republishes the file. An escrow account being recorded is not an assurance about the project.
Rents filed under Business Bay
Median annual rent of AED 90,000 across 14,397 tenancies registered in the community over the last 12 months.
This is the community’s figure, not this project’s. The Land Department names a community on far more tenancies than it names a project, so this is shown where the project’s own registered tenancies are too few to publish. Buildings within one community differ widely, so treat it as the surrounding level rather than what this address achieves.
Street View imagery near Mag 318, via Google — the nearest public-road vantage point, not necessarily the building's own frontage.
Median per sqft
AED 2,029/sqft
3yr CAGR · resales
-2.3%
Resale record
66 months
Registered resales here span 66 months. The CAGR beside this is drawn from them; a figure for what they will do next is a scenario you set on the returns page.
Registered DLD sales · medians, not estimates · how we compute this
What would this size cost?
Enter the size from the brochure or the floor plan. We price it against what homes of that size actually registered at in Mag 318 — not an asking price, and not this project’s overall median, which mixes every unit size together.
Price per sqft trend
What it returns
A year’s rent against what completed homes of that size actually sold for in Mag 318 over the same twelve months. Prices are this project’s own registered ready sales; off-plan sales are left out because rent is paid on built homes. Rents marked this building are registered new tenancies in Mag 318 itself; the rest are homes of the same size in Business Bay, used where Ejari did not name the building.
| Size | Costs now, ready | Rents for | Gross yield | Ready sales, 12m |
|---|---|---|---|---|
| Studio | AED 1.05M | AED 70,000/yrsame size in Business Bay | 6.7% | 21 |
Why this is lower than yields quoted elsewhere
The usual shortcut divides today’s rent by an average price — and in a market that has risen as far as Dubai’s, the average is a historical price. On that arithmetic a studio here reads 8.6% instead of 6.7%, because it prices the home at AED 810K — the median across every sale on record — rather than the AED 1.05M a completed one costs today. Every figure above uses the same twelve months, and completed homes only, on both sides.
What it returns after service charges
Starting from this building’s own owners-association budget for 2021 — AED 19/sqft, as filed with the Land Department. Charges have risen since then, so replace it with your own invoice if you have one. How to check it.
| Size | Charge / year | Rent after it | Gross | Net |
|---|---|---|---|---|
| Studio | AED 8,324 | AED 61,676 | 6.7% | 5.9% |
Still not the final number: agency commission on re-letting, and any month the home sits empty, both come out of net rent too. This subtracts the service charge only, because it is the one cost that is the same every year whether or not the home is let.
Gross yield: rent before costs. Service charges, agency commission, and any month the home sits empty all come out of it — in Dubai the service charge alone is commonly a fifth to a third of the rent, so treat these as the ceiling rather than the return.
Common questions about Mag 318
How much does a home in Mag 318 cost?
Over the last twelve months a completed studio in Mag 318 sold for a median AED 1.05M (21 ready sales). These are medians of sales actually registered with the Dubai Land Department, not asking prices. Completed homes only — off-plan registrations are left out, because they sell at a premium and are not the same purchase.
How much is rent in Mag 318?
A studio rents for a median AED 70,000/yr (homes of about that size in Business Bay, 2,329 new tenancies). These are medians of new tenancy contracts registered with Ejari over the last twelve months — what tenants agreed to pay, not advertised asking rents. Ejari names the building on only about one contract in five, and on none that match Mag 318, so every figure above is the rent for homes of that size in Business Bay — the area's rent, not this project's own.
What rental yield does Mag 318 give?
Gross yields on completed homes in Mag 318 run about 6.7% on a studio, dividing a year of registered rent by what completed homes of that size actually sold for over the same twelve months. Both halves cover the same period, which is why these read lower than yields quoted against an all-time average price. They are gross figures: service charges, agency commission and void periods are not deducted, and in Dubai the service charge alone commonly takes a fifth to a third of the rent.
Is Mag 318 selling off-plan or as resales?
0% of the 36 sales registered in Mag 318 in its most recent twelve months of trading were off-plan, and the rest were completed homes. That window ends at this project's own newest registered sale rather than today, so a development that finished selling years ago still reports the year it was actually trading.
When did Mag 318 start selling?
The Land Department's register holds 644 sales in Mag 318, the earliest registered in 2017. That is when a sale here was first recorded, which is not the same as when the project launched or completed — the transaction register carries no build date, so we do not publish one.
Due diligence
Price vs. Business Bay median
-4.9%
Priced at or below the area's real median.
Developer track record
1,318 real transactions
1 completed · 1 off-plan/in progress
Full track record →Verify before you commit
Permit, title, broker license, escrow — the free official checks.
Verification guide →Handover competition
High competitionWhen Mag 318 completed in December 2020, 8 other other projects in Business Bay were also completing within 6 months — a useful reference point for how crowded the handover window actually was. Separately, 146 more other projects in Business Bay are still in the pipeline overall.
The Pad
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Jul 2020
Dolphin Tower
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Oct 2020
Sls Dubai
W O W REAL ESTATE DEVELOPMENT
Jan 2021
Elite Business Bay Residence
RANGE 4 DEVELOPMENTS L.L.C
Jan 2021
Sky Bay Hotel
T F G REAL ESTATE L.L.C
Mar 2021
The Court
TANMIYAT GLOBAL REAL ESTATE DEVELOPMENT L L C
Mar 2021
Millennium Binghatti Residences Business Bay
Binghatti Developers Fze
Mar 2021
Bayz Tower
Danube Properties Development L.L.C
May 2021
What's around this property
Transport, schools, healthcare, and daily essentials within 3 km.
Nearest metro
1.8 km
Burj Khalifa / Dubai Mall
Nearest school
2.4 km
Hartland International School
Nearest hospital
787 m
BIOS CLINIC
Nearest supermarket
196 m
Carrefour Express
Metro stations
- Burj Khalifa / Dubai Mall1.8 km
- Business Bay2.3 km
- Financial Centre2.4 km
- Emirates Towers3.0 km
Schools
- Hartland International School2.4 km
- Canadian University Dubai2.4 km
- GEMS Wellington Primary School2.6 km
- Salma al Ansaria School2.7 km
Hospitals & clinics
- BIOS CLINIC787 m
- Mediclinic1.1 km
- Nexx Home Healthcare Services2.5 km
Supermarkets
- Carrefour Express196 m
- Al Reyhan Mini Mart638 m
- Spinneys711 m
- Booba860 m
Bus stops
- Coral Tower 2157 m
- Coral Tower 1184 m
- Empire Heights Towers 1264 m
- Burj View Central Tower 2268 m
Pharmacies
- Supercare Pharmacy178 m
- Life Pharmacy1.1 km
- Life Pharmacy1.4 km
- Life Pharmacy1.6 km
Malls
- Bay Avenue Mall1.8 km
- Business Time Centre1.8 km
- Mazaya Shopping Centre2.0 km
- Al Wasl Centre2.2 km
Parks
- Bayside Park 5255 m
- Bayside Park 8704 m
- Bayside Park 8768 m
- Bayside Park 7849 m
Mosques
- Shaikha Abdulla Salem326 m
- Masjid Al Ghafoor1.0 km
- Burj Daman Masjid2.3 km
- Al Safa Mosque2.4 km
Straight-line distances — actual walking or driving routes will be longer. Measured from this project's own mapped location. Places data from OpenStreetMap.
Loading map…
Building in this project
Priced from each tower’s own registered sales, rather than the project median above.
Other projects in Business Bay
Buying in Mag 318?
Everything above is free and stays free. What this page cannot tell you is what your unit is worth — the median here covers every size at once, and a two-bedroom can be 1,062 or 1,558 sqft. Our report matches comparable sales to one unit's size, and adds the three checks that need a person to open an official system on the day: the agent's licence, the project's escrow, and its registered status.
Get an independent reportFrom AED 1,500. Nothing is charged until you have a quote and accept it. See a sample