MAG 318
by MAG Group Holding · 📍 Business Bay
MAG 318 is a project by MAG Group Holding in Business Bay, Dubai. The Dubai Land Department project register lists completion for December 2020. It was 100% built at the official RERA site inspection of 6 December 2020.
About the project
Completed luxury fully furnished waterfront apartments in JLT; mortgage assistance available via UAE partner banks.
Construction progress
Finished100% complete at the latest RERA site inspection on 6 Dec 2020; completed 6 Dec 2020.
Project register as of 15 Oct 2026.
| Inspection | Complete | Photos |
|---|---|---|
| 6 Dec 2020 | 100% | 17 |
| 24 Aug 2020 | 90.13% | 14 |
| 3 Jun 2020 | 82.12% | 13 |
| 31 Oct 2019 | 50.09% | 10 |
| 27 Jun 2019 | 30.15% | 10 |
| 18 Feb 2019 | 17% | 10 |
| 16 Sept 2018 | 3.6% | 8 |
| 2 Apr 2018 | 0.8% | 7 |
Official RERA site-inspection records for registered project #1891, updated daily. Tap a photo for the full-size original.
Amenities
How it compares in Business Bay
50 other off-plan projects in Business Bay · average entry price AED 2.24M
MAG 318: questions and answers
When is the handover of MAG 318?
The Dubai Land Department project register lists the completion date of MAG 318 as December 2020.
How much of MAG 318 is built?
MAG 318 was 100% complete at the official RERA site inspection of 6 December 2020.
Is MAG 318 registered with the Dubai Land Department?
Yes. MAG 318 is registered with the Dubai Land Department as project number 1891, and its escrow account is held at Emirates Nbd Bank (P.J.S.C). By law, buyers' payments for an off-plan home in Dubai go into the project's escrow account.
Who is the developer of MAG 318?
MAG 318 is developed by MAG Group Holding. The Dubai Land Department project register lists 14 projects for MAG Group: 5 delivered and 4 under construction.
Where is MAG 318 located?
MAG 318 is in Business Bay (Cluster K), Dubai.
What unit types does MAG 318 offer?
The project has 451 units in the Dubai Land Department project register.
What is the average price per sqft in Business Bay?
Apartments in Business Bay sell for about AED 1,864/sqft (AED 20,061/m²), based on 2,421 registered sales in the last 12 months.
What rental yield can I expect in Business Bay?
Apartments in Business Bay yield about 6.0% gross, or about 5.0% net after service charges, based on 18,597 registered rent contracts and 2,421 sales in the last 12 months.
What are the service charges in Business Bay?
Service charges for apartments in Business Bay are about AED 18.31/sqft (AED 197/m²) a year, per an independent third-party source. The exact rate depends on the building, so confirm it with the developer before buying.
Explore more
More off-plan projects by MAG Group Holding
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Source: developer’s official website. Prices are "starting from" figures where published. Always verify with the developer before transacting. Project details last checked on 14 Jun 2026.