Project Overview

Starting PriceAED 820,778
Price Per Sqft fromAED 1,896
Area from432.90 Sqft.
Type Apartments
Location Business Bay
DeveloperMAG Property Development
Developer Projects6
Est. Completion Q1 2020

MAG 318

MAG 318 is a high-rise residential project by MAG Properties located in Business Bay. The tower has 438 residences offering studio units, as well as one-bedroom and two-bedroom apartments. MAG 318 offers integrated and high-end living experience with retail outlets, dining and leisure places, and entertainment amenities all accessible within the property. The residences are located within a true urban oasis with a mix of luxury hotels and residences and world-class shopping and entertainment destinations. Located within 50 meters from the Dubai Mall, the apartment project will be the first residential development completed in the sough-after community of Downtown Dubai.

The residences boast of stunning views of the Burj Khalifa and the Dubai Water Canal and are offered in studio, 1-bedroom and 2-bedroom arrangements from AED 741,030.

Key Features

  • Located in Downtown Dubai
  • Close proximity to Dubai Mall
  • Excellent view of the Burj Khalifa Balconies & parking spaces
  • Extensive landscaping & outdoor leisure spaces
  • Close proximity to cycling track in Meydan & Meraas
  • Multiple entry & exit routes to main highways
  • Mix of retail, dining, leisure and entertainment amenities

Payment Plan

InstallmentPercentage (%)BriefMilestone
1st Installment10%Down PaymentDate of Purchased
Oqood Registration4%DLD Registration FeeDate of Purchased
Registration FeesFixedAED 5,000.00Date of Purchased
2nd Installment5%3 Months from Purchased Date
3rd Installment5%5 Months from Purchased Date
4th Installment5%7 Months from Purchased Date
5th Installment5%9 Months from Purchased Date
6th Installment5%12 Months from Purchased date
7th Installment65%Last InstallmentOn Completion

MAG 318 Video

Location Map

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Business Bay
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Escrow Account

Bank Emirates NBD

Escrow Account

Account Name MAG 318

Escrow Account

Account Number 0205027022405

Escrow Account


Escrow Account

IBAN AE80 0260 000205027022405

Escrow Account

Project No. 1891

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