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MAG 318

Completed

Developed by MAG PROPERTY DEVELOPMENT L.L.C. Located in Business Bay.

Construction progress100%Expected 6 Dec 2020
Units4511 buildings · 0 villas
Registered sales64336 in the last 12 months
Median sale priceAED 888KMedian of registered salesAED 1,872/sqft

Registry record

Project number
1891
Name on the register
ماج 318
Developer
MAG PROPERTY DEVELOPMENT L.L.C
Master developer
الخليج التجاري (ش.ذ.م.م)
Escrow agent
EMIRATES NBD BANK (P.J.S.C)
Zoning authority
Dubai Development Authority (DDA)
Master project
Business Bay
Start date
22 Oct 2017
Expected completion
6 Dec 2020
Actual completion
6 Dec 2020
Cancelled
Not recorded
Plots
0
Progress
100%

PROJECT CONSISTS OF 2B+G+3P+19+R RESIDENTIAL & COMMERCIAL BUILDING LOCATED IN BUSINESS BAY. THE APARTMENTS ARE DESIGNED TO HAVE A CONCRETE STRUCTURE AND BLOCK WITH INTERNAL AND EXTERNAL FINISHES.

Sales evidence

Median size
440 sqft
Median price per sqft
AED 1,872/sqft
Total value transacted
AED 719.61M
Off-plan vs ready
325 off-plan · 318 ready
First sale
20 Nov 2017
Latest sale
7 Aug 2026

Service charges (2023)

The owner-association charge approved by the Land Department, broken down by cost category. Totalling AED 2,318 per square foot per year — the recurring cost of ownership that an asking price never shows.

CategoryUsageManaged byAED/sqft
ServicesResidentialSAGA INTERNATIONAL OWNER ASSOCIATION MANAGEMENT SERVICES L.L.C6.00
Reserved FundResidentialSAGA INTERNATIONAL OWNER ASSOCIATION MANAGEMENT SERVICES L.L.C2.00
MaintenanceResidentialSAGA INTERNATIONAL OWNER ASSOCIATION MANAGEMENT SERVICES L.L.C4.00
ImprovementResidentialSAGA INTERNATIONAL OWNER ASSOCIATION MANAGEMENT SERVICES L.L.C0.00
ParkingResidentialSAGA INTERNATIONAL OWNER ASSOCIATION MANAGEMENT SERVICES L.L.C1132.00
Utilities ServicesResidentialSAGA INTERNATIONAL OWNER ASSOCIATION MANAGEMENT SERVICES L.L.C7.00
Management ServicesResidentialSAGA INTERNATIONAL OWNER ASSOCIATION MANAGEMENT SERVICES L.L.C1.00
InsuranceResidentialSAGA INTERNATIONAL OWNER ASSOCIATION MANAGEMENT SERVICES L.L.C0.00
Master CommunityResidentialSAGA INTERNATIONAL OWNER ASSOCIATION MANAGEMENT SERVICES L.L.C0.00
ServicesRetailSAGA INTERNATIONAL OWNER ASSOCIATION MANAGEMENT SERVICES L.L.C12.00
Reserved FundRetailSAGA INTERNATIONAL OWNER ASSOCIATION MANAGEMENT SERVICES L.L.C1.00
MaintenanceRetailSAGA INTERNATIONAL OWNER ASSOCIATION MANAGEMENT SERVICES L.L.C3.00
ImprovementRetailSAGA INTERNATIONAL OWNER ASSOCIATION MANAGEMENT SERVICES L.L.C0.00
Storage UnitsRetailSAGA INTERNATIONAL OWNER ASSOCIATION MANAGEMENT SERVICES L.L.C14.00
ParkingRetailSAGA INTERNATIONAL OWNER ASSOCIATION MANAGEMENT SERVICES L.L.C1132.00
Utilities ServicesRetailSAGA INTERNATIONAL OWNER ASSOCIATION MANAGEMENT SERVICES L.L.C3.00
Management ServicesRetailSAGA INTERNATIONAL OWNER ASSOCIATION MANAGEMENT SERVICES L.L.C1.00
InsuranceRetailSAGA INTERNATIONAL OWNER ASSOCIATION MANAGEMENT SERVICES L.L.C0.00
Master CommunityRetailSAGA INTERNATIONAL OWNER ASSOCIATION MANAGEMENT SERVICES L.L.C0.00

Registered sales in this project

All sales
Registered property transactions from the Dubai Land Department
DateCommunityProject / buildingTypeBedsSizePrice/sqftPrice
7 Aug 2026Business BayMAG 318Business BayFlatExisting PropertiesStudio440 sqftAED 1,933/sqftAED 850,000
27 Jul 2026Business BayMAG 318Business BayFlatExisting Properties1 B/R982 sqftAED 1,764/sqftAED 1,732,516
21 Jul 2026Business BayMAG 318Business BayFlatExisting PropertiesStudio441 sqftAED 1,927/sqftAED 850,000
20 Jul 2026Business BayMAG 318Business BayFlatExisting PropertiesStudio432 sqftAED 2,317/sqftAED 1,000,000
20 Jul 2026Business BayMAG 318Business BayFlatExisting PropertiesStudio433 sqftAED 2,287/sqftAED 990,000
13 Jul 2026Business BayMAG 318Business BayFlatExisting PropertiesStudio440 sqftAED 2,228/sqftAED 980,000
9 Jul 2026Business BayMAG 318Business BayFlatExisting PropertiesStudio446 sqftAED 2,128/sqftAED 950,000
2 Jul 2026Business BayMAG 318Business BayFlatExisting PropertiesStudio434 sqftAED 2,465/sqftAED 1,069,000
1 Jul 2026Business BayMAG 318Business BayFlatExisting Properties1 B/R819 sqftAED 2,137/sqftAED 1,750,000
12 May 2026Business BayMAG 318Business BayFlatExisting PropertiesStudio446 sqftAED 2,464/sqftAED 1,100,000
16 Mar 2026Business BayMAG 318Business BayFlatExisting PropertiesStudio441 sqftAED 2,030/sqftAED 894,600
16 Mar 2026Business BayMAG 318Business BayFlatExisting PropertiesStudio433 sqftAED 2,541/sqftAED 1,100,000
25 Feb 2026Business BayMAG 318Business BayFlatExisting PropertiesStudio440 sqftAED 2,387/sqftAED 1,050,000
12 Feb 2026Business BayMAG 318Business BayFlatExisting Properties2 B/R967 sqftAED 2,069/sqftAED 2,000,000
3 Feb 2026Business BayMAG 318Business BayFlatExisting PropertiesStudio433 sqftAED 2,425/sqftAED 1,050,000
29 Jan 2026Business BayMAG 318Business BayFlatExisting PropertiesStudio432 sqftAED 2,317/sqftAED 1,000,000
27 Jan 2026Business BayMAG 318Business BayFlatExisting PropertiesStudio432 sqftAED 2,687/sqftAED 1,160,000
22 Jan 2026Business BayMAG 318Business BayFlatExisting Properties1 B/R982 sqftAED 1,741/sqftAED 1,710,000
21 Jan 2026Business BayMAG 318Business BayShopExisting PropertiesNot specified1,350 sqftAED 6,649/sqftAED 8,977,500
12 Jan 2026Business BayMAG 318Business BayShopExisting PropertiesNot specified588 sqftAED 3,000/sqftAED 1,763,070
23 Dec 2025Business BayMAG 318Business BayFlatExisting PropertiesStudio441 sqftAED 2,496/sqftAED 1,100,000
8 Dec 2025Business BayMAG 318Business BayFlatExisting PropertiesStudio441 sqftAED 2,607/sqftAED 1,150,000
4 Dec 2025Business BayMAG 318Business BayFlatExisting PropertiesStudio440 sqftAED 2,467/sqftAED 1,085,000
27 Nov 2025Business BayMAG 318Business BayShopExisting PropertiesNot specified373 sqftAED 3,000/sqftAED 1,118,940
26 Nov 2025Business BayMAG 318Business BayFlatExisting PropertiesStudio441 sqftAED 2,448/sqftAED 1,080,000

Source: Dubai Land Department open data, retrieved from the Digital Dubai data.dubai platform. Figures cover registered transactions and Ejari-registered tenancy contracts, and are statistical summaries of public record — not a valuation of any individual property. Registration data can be amended or backdated by the source after first publication.