MAG 318
About the project
(sq. ft.)
MAG 318 is a new 23-storey residential complex located in Business Bay, Dubai. Commissioned in January 2021, the project was developed by MAG Group, and the architectural design was implemented by Mimar Emirates Engineering Consultants. In 2019, the development won the award for ‘Residential Project of the Year’ for its innovative and creative design approach.
There are a total of 439 residential units, including studios and one- to two-bedroom apartments. Properties have a minimum size of 40 sq. ft. and a starting price of AED 750,000 (USD 204,000). Residences are fully furnished and have balconies and panoramic windows that overlook the Dubai Creek Canal.
*The price is valid for 2021
The complex provides a variety of amenities and services, including:
- Swimming pool with adjustable temperature controls
- Gym with modern equipment
- Outdoor seating areas and a café
- Children’s playground
- Parking
- 24-hour security and reliable video surveillance
- High-speed elevators
Property Information
- Location Business Bay, Dubai, UAE
- Developer MAG
- Status of Project Ready
- Type of Project Residential Building
- Units Studios -2BR Apartments
- Area from 400 sq. ft.
- Total Amount of Units 439
Location
MAG 318 is located near Dubai Creek in the progressive commercial district of Business Bay. The building is situated near Sheikh Zayed Road and Al Khail Road, which provide direct routes to other parts of the emirate. Downtown Dubai can be reached within a 10-minute drive of the apartments, and Dubai Marina and Palm Jumeirah are located within a 20-minute drive.
The nearest bus stops, Empire Heights Towers 2 and Coral Tower 1, are situated within a five-minute walk of the building, and the nearest Metro stations, Business Bay and Burj Khalifa/Dubai Mall, can be reached within a 10-minute walk. For groceries and household goods, residents can shop at Carrefour, which is located across the street from the complex, and Dubai Mall, a large shopping and entertainment centre, is situated within a 10-minute walk.
The building is located within a short drive of several popular destinations, including:
- Spinneys and Choithrams – 5 minutes
- Sheikh Rashid Al Maktoum Mosque – 5 minutes
- Hummingbird Nursery – 5 minutes
- Dubai International School – 10 minutes
- Emirates Hospital Clinic – 10 minutes
- Tong Thai, Izakaya, Kitchen 6, Prime 68, Miss Tess, and Acai and Co. – 15 minutes
- Jumeirah Beach – 15 minutes
- Dubai International Airport – 15 minutes
Residents have easy access to Dubai Creek, which is surrounded by retail stores and exclusive restaurants. The community has an abundance of family-friendly attractions and is home to JW Marriott Marquis Hotel, the world’s second-tallest hotel.
Return on investment
Business Bay is one of Dubai’s main commercial hubs. As a result, residential real estate is in demand among tenants and investors. The area has freehold status, which means that people from other countries can purchase properties and retail full ownership.
MAG 318 offers studios and apartments that are suitable for professionals and their families. Units have a return on investment rate of 5.08%.
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Metropolitan Premium Properties
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[email protected]
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+971 4 428 6111
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36th-38th Floor, Al Salam Tecom Tower,
Internet City, Dubai, UAE
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