MAG 318
by MAG Group Holding · 📍 Jumeirah Lakes Towers (JLT)
MAG 318 is a project by MAG Group Holding in Jumeirah Lakes Towers (JLT), 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.
| 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 Jumeirah Lakes Towers (JLT)
6 other off-plan projects in Jumeirah Lakes Towers (JLT)
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 Holding: 5 delivered and 4 under construction.
Where is MAG 318 located?
MAG 318 is in Jumeirah Lakes Towers (JLT) (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 Jumeirah Lake Towers (JLT)?
Apartments in Jumeirah Lake Towers (JLT) sell for about AED 1,295/sqft (AED 13,939/m²), based on 8,534 registered sales since 2023.
What rental yield can I expect in Jumeirah Lake Towers (JLT)?
Apartments in Jumeirah Lake Towers (JLT) yield about 7.2% gross, or about 6.0% net after service charges, based on 32,126 registered rent contracts and 8,534 sales since 2023.
What are the service charges in Jumeirah Lake Towers (JLT)?
Service charges for apartments in Jumeirah Lake Towers (JLT) are about AED 16.49/sqft (AED 177/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.