About MAG 318
MAG 318 is a high-end property in Dubai built by the MAG Property Development Group. The project in the prestigious Business Bay District, which is the focal point of Dubai business life, was commissioned in 2019. It includes both residential and commercial property. MAG 318 apartments are located in a multi-story building in the vicinity of the Emirate’s central community of Downtown Dubai, the location of the megalopolis’ major landmark, the Burj Khalifa skyscraper. This favorable location enables residents of Business Bay 318 to lead an active lifestyle. Any part of the city is easily accessible from here by public transport or car. MAG 318 car rental services are also quite popular. The community has everything to satisfy your practical needs, including schools, preschool establishments, healthcare institutions, and shops.
Apartments in MAG 318
The project offers 439 residences, with one-to-three bedroom studios and apartments with a floor space ranging from 40.
5 to 93 square meters. There are no penthouses in MAG 318. All homes are move-in ready, finished with state-of-the-art materials, and equipped with the necessary home appliances. Buying property in MAG 318 introduces the owner to a variety of amenities, such as:
- Infinity swimming pool
- Fully equipped gym
- Children’s playground
MAG 318 supermarkets will be located on the ground floor. There are also parking spaces for residents. The building has 24/7 video surveillance and security. Concierge services are available at all times. The property management company provides maintenance of the communal grounds. The cleaning team can keep your apartments neat. Food and meal delivery are available.
Restaurants in MAG 318
The megalopolis is famous for its international cuisine. Many restaurants are situated in hotels. Steigenberger’s cuisine is particularly popular, and this is also where one of the district’s most favored bars is located. Restaurants near MAG 318 include CZN Burak, where you can try the Turkish menu. Kana café offers snacks on the canal waterfront.
Mall in MAG 318
Dubai Mall is the nearest to the project. This is the Emirate’s biggest shopping mall hosting not only retail outlets but also entertainment venues. Local supermarkets represent large retail chains. One of them is Carrefour Market.
Landmarks near MAG 318
You can find numerous places of interest both within the district and in the neighboring communities. Such landmarks include:
- Canal waterfront with a promenade
- Dubai Ice Rink
- Dancing fountains
- Dubai Opera
A trip to most of these places takes only 10 minutes.
Investment in MAG 318
MAG 318 is extremely promising as an investment asset in Dubai. The demand for housing in this district is one of the highest, so you will not have to worry about the return on investment or liquidity of your property. The prices in this community are not as high as those in popular tourist locations on the waterfront, but investing in this local property has multiple advantages:
- Annual value capitalization. The past years’ performance shows that housing in this emirate is consistently growing more expensive.
- High return on investment. It can reach 6% for studios, while one-bedroom apartments yield a slightly lower return (5.6%).
Personal income is not taxable in the UAE, enabling you to receive net revenue. High demand for housing means that you can resell it at any time without much effort.
Buying property in MAG 318
Browse our catalog to view current listings of apartments in the new residential project. Our team will help you choose a property, answer your questions about transaction documentation and moving to this country as a permanent resident, and provide consultations with you if you are interested in investing in MAG 318 property. Prices are listed in any of the relevant currencies. Start choosing now to avoid missing out on the best bargains!