MAG 318 Tower

P1 — Delivered Off-Plan Primary
Developer MAG Property Development
Community Business Bay
Property type Apartment
Data updated Mar 16, 2026

MAG 318 Tower is a Delivered development by MAG Property Development in Business Bay. 439 units across Studio (72%), 2 Bedroom (17%), 1 Bedroom (11%). Over the trailing 12 months, 626 sales at a median of AED 1,100,000.

Key Metrics
Median Price
Value
AED 1,100,000
Change
3.3% YoY
Transactions
Value
626
Change
41 in period
Price / sqft
Value
AED 2,443
Handover Status
Value
P1
Change
Delivered — ready sale recorded
Median Price
AED 1,100,000
↑ 3.3% YoY
Transactions
626
↑ 41 in period
Price / sqft
AED 2,443
Handover
P1
Delivered
Investment Analytics
Capital Return
Value
10.4%
Holding Period
Value
2.1 yrs
Liquidity
Value
9.4%
Price Dispersion
Value
7.2%
Ready Market Mix
Value
0.0%
Rental Activity
Value
58.4%
Capital Return
10.4%
Holding Period
2.1 yrs
Liquidity
9.4%
Price Dispersion
7.2%
Ready Market Mix
0.0%
Rental Activity
58.4%

Rental Performance

Rental Volume
Value
1,496
Avg Annual Rent
Value
AED 87,766
New Leases
Value
75.5%
Renewals
Value
24.5%
Rental Volume
1,496
Avg Annual Rent
AED 87,766
New Leases
75.5%
Renewals
24.5%

Unit Mix

By bedroom type
Studio 316 units · 72%
1 Bedroom 48 units · 11%
2 Bedroom 75 units · 17%

Transaction Breakdown

All time — 626 transactions
Off-Plan Primary
324
Off-Plan Secondary
1
Ready Primary
115
Ready Secondary
186

Price History

Median Price — MAG 318 Tower

Median prices in MAG 318 Tower have declined significantly, down 31% to AED 997K over the past 12 months.

Recent Transactions

Showing last 10 of 626
Date Type Price (AED) Size (sqft) AED/sqft
Mar 16, 2026 RP Secondary 894,600 440 2,029
Mar 16, 2026 RP Secondary 1,100,000 432 2,540
Feb 25, 2026 RP Secondary 1,050,000 439 2,387
Feb 12, 2026 RP Secondary 2,000,000 966 2,068
Feb 03, 2026 RP Secondary 1,050,000 432 2,425
Jan 29, 2026 RP Secondary 1,000,000 431 2,316
Jan 27, 2026 RP Secondary 1,160,000 431 2,686
Jan 22, 2026 RP Secondary 1,710,000 982 1,740
Dec 23, 2025 RP Secondary 1,100,000 440 2,495
Dec 08, 2025 RP Secondary 1,150,000 441 2,607

This project is in Business Bay

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