Mag 318
ماج 318Mag Property Development L.L.C · Home sales since 2017 · mostly resales in the 12 months to 17 Sep 2026
Dubai Land Department data shows the typical sale price (the median, ready and off-plan homes together) in Mag 318 was AED 2,182/sqft in Jul 2026, from 8 home sales recorded.
The Land Department’s record
completed per the Land Department · 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, file dated 15 June 2026.
Rents recorded under Business Bay
Typical yearly rent of AED 89,000 across 15,225 tenancies recorded in the community over the last 12 months.
This is the community’s figure, not this project’s.
Dubai Land Department · rent contracts Ejari (Dubai's rent registration system) contracts · agreed rents, not advertised ones. File dated 10 Oct 2026 · synced 11 Oct 2026.
Street View imagery near Mag 318, via Google — the nearest public-road vantage point, not necessarily the building's own frontage.
AED 2,182/sqft
Jul 2026 · 8 home sales
+0.2%
Jul 2023 to Jul 2026, scaled up to a year
67 months
Recorded home resales here fall in 67 months, Dec 2020 to Sep 2026. The growth beside this is drawn from the months with 5 or more of them; a figure for what they will do next is a scenario you set on the returns page.
Dubai Land Department · recorded sales Sales on record with the Land Department · typical prices, not estimates. Half of the sales were above a typical price, half below. File dated 8 Oct 2026 · synced 8 Oct 2026.
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 sold for in Mag 318 — not an asking price, and not this project’s overall typical price, which mixes every size together.
Dubai Land Department · recorded sales Sales on record with the Land Department · typical prices, not estimates. Half of the sales were above a typical price, half below. File dated 8 Oct 2026 · synced 8 Oct 2026.
Price per sqft trend
Dubai Land Department · recorded sales Sales on record with the Land Department · typical prices, not estimates. Half of the sales were above a typical price, half below. File dated 8 Oct 2026 · synced 8 Oct 2026.
What it returns
A year of rent compared with what completed homes of that size actually sold for in Mag 318 over the same twelve months. Prices are this project’s own recorded ready-home sales. Off-plan sales are left out because rent is paid on built homes. Rents marked this building are new rent contracts recorded in Mag 318 itself. The rest are homes of the same size in Business Bay, used where Ejari did not name the building. A red (i) marks a figure that rests on few records, with how many.
| Size | Price now, ready homes | Rents for | Yield before costs | Ready sales, 12 months |
|---|---|---|---|---|
| Studio | AED 1.05M | AED 72,500/yrthis building · 156 new lets | 6.9% | 21 |
| 1 bed | AED 1.73M | AED 110,000/yrthis building · 27 new lets | 6.3% | 3 |
| 2 beds | AED 2M | AED 150,000/yrthis building · 33 new lets | 7.5% | 3 |
Why this is lower than yields quoted elsewhere
The usual shortcut divides today’s rent by an average price. In a market that has risen as far as Dubai’s, the average is a historical price. Worked out with the typical price across every sale on record (AED 810K), a studio here reads 9.0% instead of 6.9%. The yield in the table above uses 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 recorded 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 | Yield before costs | Yield after service charge |
|---|---|---|---|---|
| Studio | AED 8,324 | AED 64,176 | 6.9% | 6.1% |
Only the service charge is taken off.
Reserve fund: AED 1.1/sqft of the AED 19/sqft recorded for 2021.
Yield before costs: a year of rent as a share of the price.
Dubai Land Department · recorded sales Sales on record with the Land Department · typical prices, not estimates. Half of the sales were above a typical price, half below. File dated 8 Oct 2026 · synced 8 Oct 2026.
Dubai Land Department · rent contracts Ejari (Dubai's rent registration system) contracts · agreed rents, not advertised ones. File dated 10 Oct 2026 · synced 11 Oct 2026.
Dubai Land Department · association budgets Owners' association budgets, as recorded · a budget figure, not a price. File dated 22 Sep 2026 · synced 24 Sep 2026.
Common questions about Mag 318
How much does a home in Mag 318 cost?
Over the last twelve months, the typical price (the median: half sold for more than this, half for less) of a completed home in Mag 318 was AED 1.05M for a studio (21 ready sales). These come from sales recorded by the Dubai Land Department. They are what buyers paid, not asking prices. Only completed homes are counted: off-plan sales are left out, because they sell at a premium and are not the same purchase.
How much is rent in Mag 318?
The typical rent (the median: half of the rent contracts were above this, half below) in Mag 318 is AED 72,500/yr for a studio (156 new tenancies recorded in Mag 318 itself). These rents come from the new rent contracts recorded in Ejari (Dubai's rent registration system) over the last twelve months. They are what tenants agreed to pay, not advertised asking rents. Ejari names the building on these contracts, so every figure above is a tenancy recorded in Mag 318 itself.
What rental yield does Mag 318 give?
The yield before costs on completed homes in Mag 318 is about 6.9% on a studio. That is a year of rent divided by what completed homes of that size sold for over the same twelve months. Rent and price both come from the same period, which is why these read lower than yields quoted against an all-time average price. Service charges, agency commission and empty periods are not taken off, 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 28 home sales recorded in Mag 318 in the 12 months to 17 Sep 2026 were off-plan, and the rest were recorded as existing property rather than off-plan. That period ends at this project's own newest recorded home 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 640 home sales in Mag 318. The earliest was recorded in Nov 2017 and the newest in Sep 2026. That is when a home sale here was first recorded. It is not the same as when the project launched or completed: the register of sales carries no build date, so we do not publish one.
Due diligence
Price vs. Business Bay typical price
+4.3%
Priced above the area's typical price — ask why. Jul 2026: 8 sales here against 291 in the area.
Developer track record
6,528 recorded sales
Matched to Mag Property Development L.L.C, across the 8 companies Keyva groups under that name, Jan 2010 to 7 Oct 2026.
5 completed · 3 off-plan/in progress
Full track record →Verify before you commit
Permit, title, broker license, escrow — the free checks you can run yourself.
Verification guide →Dubai Land Department · recorded sales Sales on record with the Land Department · typical prices, not estimates. Half of the sales were above a typical price, half below. File dated 8 Oct 2026 · synced 8 Oct 2026.
Dubai Land Department · project register The Land Department's project register · the status as the developer recorded it. File dated 15 Jun 2026 · synced 26 Sep 2026. The file date is the date carried on the rows themselves; the sync is when Keyva last loaded that file.
Dubai Land Department · developer register The Land Department's developer register. File dated 1 Oct 2026 · synced 3 Oct 2026.
Handover competition
High competitionWhen Mag 318 handed over in December 2020, 8 other projects in Business Bay had a handover date on record within six months either side — a reference point for how crowded that period was. The Land Department's projects file of 15 Jun 2026 lists 49 other projects in Business Bay as not yet finished. None of the 8 listed below is among them.
The Pad
PAD PROPERTIES NINE LIMITED
Dolphin Tower
T F G REAL ESTATE L.L.C
Sls Dubai
W O W REAL ESTATE DEVELOPMENT
Elite Business Bay Residence
RANGE 4 DEVELOPMENTS L.L.C
Sky Bay Hotel
T F G REAL ESTATE L.L.C
The Court
TANMIYAT GLOBAL REAL ESTATE DEVELOPMENT L L C
Millennium Binghatti Residences Business Bay
Binghatti Developers Fze
Bayz Tower
Danube Properties Development L.L.C
Dubai Land Department · project register The Land Department's project register · the status as the developer recorded it. File dated 15 Jun 2026 · synced 26 Sep 2026. The file date is the date carried on the rows themselves; the sync is when Keyva last loaded that file.
What's around this property
Transport, schools, healthcare, and daily essentials within 3 km.
1.8 km
Burj Khalifa / Dubai Mall
2.4 km
Hartland International School
787 m
BIOS CLINIC
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.
Building in this project
Priced from each tower’s own recorded sales, rather than the project’s typical price above.
Dubai Land Department · building register The Land Department's building register. File dated 5 Oct 2026 · synced 5 Oct 2026.
Dubai Land Department · recorded sales Sales on record with the Land Department · typical prices, not estimates. Half of the sales were above a typical price, half below. File dated 8 Oct 2026 · synced 8 Oct 2026.
Other projects in Business Bay
Each price is the project’s newest month with 5 or more recorded home sales, from Oct 2025 to 7 Oct 2026. Priced projects first, then the most home sales from Nov 2025 to 7 Oct 2026, then A–Z. Where a project has no month with that many, its newest month with any sale is shown instead, with a red (i) and its count.
Binghatti
1–7 Oct 2026 · 11 home sales
Deyaar Development (P.J.S.C)
Sep 2026 · 7 home sales
Binghatti
Sep 2026 · 8 home sales
Select Global Development L.L.C
Sep 2026 · 27 home sales
Binghatti
1–7 Oct 2026 · 5 home sales
Dubai Land Department · recorded sales Sales on record with the Land Department · typical prices, not estimates. Half of the sales were above a typical price, half below. File dated 8 Oct 2026 · synced 8 Oct 2026.
Seen a listing for this?
Put the asking price beside what comparable homes actually sold for, and check the agent against the Land Department’s register of licensed brokers. Free, no sign-in.
Buying in Mag 318?
Everything above is free and stays free. What this page cannot tell you is what your unit is worth — the typical price 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 look things up in the Land Department's own systems on the day: the agent's licence, the project's escrow, and its registered status.