MAG 318
MAG Property Development · studio, 1BR, 2BR · Business Bay, Dubai
MAG 318 is a residential project by MAG Property Development in Business Bay, Dubai, offering studio, 1BR, 2BR layouts. Prices start from AED 2,180. This is an off-plan purchase with expected completion in December 2020 on a 60 / 40 payment plan. The indicative gross yield band for this area and unit mix is 7% – 9%: below you will find the project data, investment fit, risks and frequently asked questions reviewed by an independent advisor.
MAG 318 is an off-plan residential project located in the Business Bay district of Dubai. It features modern apartments with stunning views and access to premium amenities.
Key facts
- Developer
- MAG Property Development
- Area
- Business Bay, Dubai
- Property type
- studio, 1BR, 2BR
- Starting price
- AED 2,180
- Payment plan
- 60 / 40
- Expected completion
- December 2020
- Construction status
- Now selling
- Indicative gross yield
- 7% – 9%
Yield ranges are indicative market benchmarks for this area and unit mix, not a guaranteed return. Figures must be validated per unit before any commitment.
Who this project fits
MAG 318 typically fits first-time Dubai investors who want a contained ticket and predictable rental income, across studio, 1BR, 2BR layouts in Business Bay, Dubai. Because it is off-plan, capital stays committed until handover and income starts afterwards. The indicative gross yield band for this area and unit mix is 7% – 9%.
Risks to weigh
As with any off-plan purchase, there is handover-delay risk and developer risk: check escrow, permits and delivery track record. The payment plan lowers the upfront outlay but commits future cash: stress-test it against your real cash flow. Incoming supply in Business Bay, Dubai can compress rents and prices in the short term; service charges, currency and financing costs all affect net yield. Yield ranges are indicative market benchmarks for this area and unit mix, not a guaranteed return. Figures must be validated per unit before any commitment.
Frequently asked questions about this project
How much does a unit at MAG 318 cost?
Prices at MAG 318 start from AED 2,180. The final figure depends on layout, floor and orientation — we pull the current price list from the developer for the specific unit you want.
Where is MAG 318 located?
MAG 318 is located in Business Bay, Dubai. We assess the area on rental demand, incoming supply and accessibility — not on project marketing.
What is the payment plan for MAG 318?
The indicated payment plan is: 60 / 40. We verify the full structure, including milestones and the balance due at handover.
When is MAG 318 expected to complete?
Expected completion is December 2020 (current status: now selling). Off-plan dates can slip, so we check construction progress and the developer's delivery record.
What yield can I expect at MAG 318?
The indicative gross band for this area and unit mix is 7% – 9%. Yield ranges are indicative market benchmarks for this area and unit mix, not a guaranteed return. Figures must be validated per unit before any commitment.
Who is the developer of MAG 318?
MAG 318 is developed by MAG Property Development. We review their delivery record, build quality and value retention before recommending it.
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