About MAG 318
- A residential development by MAG Property Development, who have completed projects in Dubai Marina & JLT.
- Development is spread over 55,000 sq. ft. of land
- Features fully furnished studios, 1+study, & 2 bedroom apartments
- 438 Total Apartments: 316 studios, 47 One bed + study, 75 Two bed
- Prices start at AED 740,000.
- 2B + G + 3P + 19 Floors
- Units will be facing the canal or Burj Khalifa
- There will be a retail offering on the ground floor
- Master developer: Dubai Properties
- Studios units are 436 sq. ft.
- 1 Bedroom units range from 827 to 900 sq. ft.
- 2 Bedroom units range from 1001 to 1008 sq. ft.
Studios from AED 740,000
1 Beds from AED 1,500,000
2 Beds from AED 1,750,000
- 5% Down Payment
- 5% August 2017
- 5% November 2017
- 5% February 2018
- 5% May 2018
- 5% August 2018
- 5% November 2018
- 65% Q4-2019
In addition to the 5% down payment, buyer will be required to pay 4% Registration fee, payable to the Dubai Land Department.
Project Completion Status (as per DLD): 0.80% (as of 20 May 2018)
Dubai Land Classification & Escrow Account Details:
Land Number: 133
Project Number: 1891
Real Estate Developer: MAG PROPERTY DEVELOPMENT
Trust Account Number: 0205027022405
Account Trustee Name: EMIRATES NBD BANK
RERA Permit No : 15128
Brokerage Firm: Taktical Realty Group LLC