MAG 318 is a residential development by MAG Property Development featuring fully furnished studios, one, & two bedroom apartments in Business Bay. Prices starting from AED 740,000.

Property Types Available: Apartments
Location: Sheikh Zayed Road, Al Khail Road
Status: Under Construction
Year Launched: 2017
Estimated Completion Date: October 2019
Developer: Mag Property Development
Title Type: Freehold
Quality Classification: High-end
Height Classification: High-rise
Life Cycle: Under Construction
Special Classification: Residential Building with some retail
Under-Construction Apartments: 438
Floors: 23

MAG 318 - Studios, One, and Two bedroom units near Downtown, starting at AED 740,000

Fully furnished apartments for sale on a 35-65 payment plan in Business Bay. Completion Q4-2019

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About MAG 318

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

Unit Sizes

- 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.

Launch Prices

Studios from AED 740,000

1 Beds from AED 1,500,000

2 Beds from AED 1,750,000

Payment Plan

- 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

Positives of MAG 318

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