MAG 318 Tower
Studios to two-beds in Business Bay. 27 apartments sold in the last 12 months; every sale, rent and unit is below.
About MAG 318 Tower
MAG 318 Tower is a freehold apartment building in Business Bay, central Dubai, beside Downtown Dubai. MAG completed it in 2020. It has 22 storeys and 439 apartments, ranging from studios to two-bedrooms, with sizes from 216 to 2,076 sqft. Neighbouring buildings include Burj Pacific, Fifty One Tower and Empire Heights 1. Business Bay metro station (Red Line) is on the Sheikh Zayed Road side of the district. Burj Khalifa/Dubai Mall station is one stop north, about 1.8 km away. Several everyday places are within walking distance. MAG 318 by mimar, Shades Medical Center and Tutor Doctor UAE are each about 100 m away. 30 Seven Super Market and Cafe is about 200 m away, and Bayside Park 5 is about 300 m away.
439 apartments over 22 floors: 316 studios of 216 to 446 sqft, 48 one-beds of 812 to 1,563 sqft and 75 two-beds of 966 to 2,076 sqft. The service charge is AED 23.06 per sqft a year.
27 apartments sold in the 12 months to November 2026, at a median of AED 2,286 per sqft, down 5.7% on the year before. Most of the trading is in studios: 21 of the 27 sales, at AED 850,000 to 1,160,000, which is why the typical sale sits below the price of its larger homes. 294 rental contracts were registered over the same 12 months, at a typical AED 79,000 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 1,050,000 for studios, AED 1,730,000 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, grey dots are flagged outliers left out of it.
Transaction history in MAG 318 Tower
- CompletedStudio · 431 sqft 22 Oct 2026AED 850,0001,968 /sqft
- Completed2-bed · 966 sqft 16 Sep 2026AED 2,000,0002,069 /sqft
- Completed2-bed · 1,602 sqft 14 Sep 2026AED 2,800,0001,747 /sqft
- CompletedStudio · 432 sqft 27 Aug 2026AED 920,0002,125 /sqft
- CompletedStudio · 439 sqft 07 Aug 2026AED 850,0001,933 /sqft
- Completed1-bed · 982 sqft 27 Jul 2026AED 1,732,5161,764 /sqft
- CompletedStudio · 441 sqft 21 Jul 2026AED 850,0001,927 /sqft
- CompletedStudio · 431 sqft 20 Jul 2026AED 1,000,0002,317 /sqft
- CompletedStudio · 432 sqft 20 Jul 2026AED 990,0002,287 /sqft
- CompletedStudio · 439 sqft 13 Jul 2026AED 980,0002,228 /sqft
Over the last 12 months, MAG 318 Tower has recorded 27 apartment sales. Typical homes sold for around AED 1.08M (about AED 2,286 per sqft) with a median size of 440 sqft; most were studios, from roughly AED 850K to AED 2.8M.
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 2.8M, Sep 2026
- 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 187 →| Building | Completed | Sale /sqft | Rent /sqft | Yield |
|---|---|---|---|---|
| Burj Pacific | 2016 | AED 1,325 | ||
| 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 2,015 | AED 144 | 7.2% |
| Al Noor Tower | Few sales | AED 71 | ||
| Damac Maison Canal Views (Waters Edge - Burj Damac 5) | 2014 | AED 1,462 | AED 105 | 7.2% |
| The Crestmark | AED 2,596 |
MAG 318 Tower in numbers
- Across 27 DLD sales in the 12 months to November 2026, the median price in MAG 318 Tower was AED 2,286 per sqft and the typical home sold for about AED 1.08M.
- Completed in 2020 by MAG; 22 floors of studios to two-beds; service charge AED 23.06 per sqft a year.
- Studios of 216 to 446 sqft sold for AED 850,000 to 1,160,000 between November 2025 and October 2026, a median AED 2,387 per sqft.
- A studio of 216 to 446 sqft rents for AED 50,000 to 120,000 a year on the 190 contracts registered in the last 12 months.
- Gross rental yield 6.1%: the median rent per sqft over the median sale price per sqft, before service charges.
Source: Dubai Land Department. Updated 6 November 2026.
Questions about MAG 318 Tower
How much does a studio in MAG 318 Tower cost?
21 studios sold in the 12 months to November 2026, for AED 850,000 to 1,160,000; the median was AED 1,050,000, or AED 2,387 per sqft.
How much is a studio for rent in MAG 318 Tower?
About AED 65,000 a year: that is the median of the 190 contracts for studios registered with Ejari in the 12 months to November 2026, from AED 50,000 to 120,000.
What is the rental yield in MAG 318 Tower?
About 6.1% gross across the building, from about 6.7% for two-beds to 6.3% for studios, 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 fell from about AED 2,423 to AED 2,286 over the 12 months to November 2026, down 5.7%, on 27 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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