MAG 318 by MAG Property Development in Downtown Dubai, Dubai, UAE: prices from the developer, № 24327

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!

Features

Type of complex

MAG 318 in Business Bay is a residential complex aimed at a wide social audience. This prestigious property in Dubai is located within walking distance from the central areas of the emirate and its main attractions. The legendary Burj Khalifa skyscraper in Downtown Dubai is 10 minutes away on your own transport, you can also use a rental car at MAG 318. The 23-story tower offers several types of apartment layouts. You can choose between apartments of different sizes and with different numbers of bedrooms. Housing in the center of the metropolis is suitable for young professionals, retirees, and families with children who want to have all the amenities within walking distance.

Uniqueness

Buying real estate in MAG 318 allows you to invest money in one of the most popular areas of the metropolis. The complex, located on the waterfront of the Dubai Canal, has a developed external and internal infrastructure. Among the advantages are:

availability of a swimming pool not only for adults but also for children;
barbecue area;
a gym indoors and outdoors;
tables for the game of table tennis.

Apartments in MAG 318 allow you to take advantage of a full range of services, ranging from shopping at the supermarket MAG 318 and ending with a visit to the cafe directly in the building. A major mall near MAG 318 is a 10-minute drive away.

Building architecture and design

The building has a modern style. The elegant lines of the building are emphasized by the podium area and the open-air swimming pool on its surface. The tower rises upwards, and the monolith of the building is shaded by panoramic windows and balconies. Every apartment has one. The public areas and restaurants of MAG 318 are decorated with expensive materials that lend gloss to the interiors. The apartments inside are filled with light. The windows have spectacular views. The bathrooms are equipped with sanitary fixtures and the kitchen has all necessary appliances. All apartments are ready for occupancy.

Economic attractiveness

Investment in apartments in MAG 318 allows you to profit from the rental of apartments. Studios and apartments with 1-2 bedrooms have the highest rate of return. In the UAE there is no concept of the holiday season. A large part of the population are visitors from other countries who visit the UAE not only for recreation but also for business. Therefore, housing is in demand throughout the year. Investments in real estate MAG 318 remain one of the most affordable ways to combat inflation, as foreign real estate tends to increase in price.

Builder

Information about MAG 318 can be found at the developer MAG Property Development. The company has been working in the UAE construction market since 1978. The developer presents residential and commercial objects for investment in Dubai. Over the years, the developer has put into operation more than 2,500 facilities. It is one of the largest construction companies in the country and does not break its contractual obligations and the buildings are delivered within the stipulated period. The construction is based on the achievements of modern technologies and the usage of high-quality materials. This ensures high demand for housing and its successful liquidity.