MAG 318, Business Bay: sale prices and transactions
MAG 318 is a project registered with the Dubai Land Department (project no. 1891) in Business Bay. Since November 2017, 640 residential sales have been registered there, the latest in September 2026. Over the last 12 months, 27 sales closed at a median AED 24,938 per m² (AED 2,317 per sq ft).
- AED 24,938median price per m²
- AED 2,317median price per sq ft
- 640sales since 2017
- 27sales in 12 months
- -4.1%change year on year
Its price per m² is in line with the Business Bay median (AED 25,523/m²). Sales combine off-plan purchases (50.8%) and resales of completed homes.
MAG 318 prices by bedroom
Median sale price and median size, DLD sales over the last 12 months (at least 3 sales per row).
| Unit type | Sales | Median price | Median size |
|---|---|---|---|
| Apartment · Studio | 21 | AED 1,050,000 | 41 m² |
| Apartment · 1 bedroom | 3 | AED 1,732,516 | 91 m² |
| Apartment · 2 bedrooms | 3 | AED 2,000,000 | 90 m² |
MAG 318 price history
| Year | Sales | Median / m² | Median / sq ft | Change |
|---|---|---|---|---|
| 2019 | 80 | AED 19,393 | AED 1,802 | — |
| 2020 | 113 | AED 22,463 | AED 2,087 | +15.8% |
| 2021 | 136 | AED 18,828 | AED 1,749 | -16.2% |
| 2022 | 41 | AED 20,498 | AED 1,904 | +8.9% |
| 2023 | 41 | AED 23,324 | AED 2,167 | +13.8% |
| 2024 | 30 | AED 24,954 | AED 2,318 | +7% |
| 2025 | 46 | AED 26,264 | AED 2,440 | +5.2% |
| 2026 (to mid-October) | 21 | AED 22,999 | AED 2,137 | -12.4% |
MAG 318 rents
294 Ejari contracts started in the project over the last 12 months. Indicative gross yield: studio 6.9%.
| Unit type | Contracts | Median annual rent | Middle 50% range | New leases |
|---|---|---|---|---|
| Apartment · Studio | 199 | AED 72,000 | 58,000 – 79,786 | AED 65,000 |
| Apartment · 1 bedroom | 48 | AED 105,000 | 90,000 – 121,819 | AED 95,000 |
| Apartment · 2 bedrooms | 47 | AED 145,735 | 127,340 – 155,000 | AED 150,000 |
Location
- Nearest metro: Buj Khalifa Dubai Mall Metro Station
- Shopping mall: Dubai Mall
- Landmark: Downtown Dubai
Neighbouring projects in Business Bay
Same price per m² elsewhere in Dubai
- The Hills, Al Thanyah Third — AED 24,928/m²
- Wynwood Horizon by Imtiaz, Bukadra — AED 24,943/m²
- Sunset Bay Grand by Imtiaz, Palm Deira — AED 24,922/m²
- No.1, No.2a, No.2b, No.3a and 3B Citywalk Residential, City Walk — AED 24,950/m²
Other projects in Business Bay
- Ahad Residences — AED 24,968/m²
- Trillionaire Residences by Binghatti — AED 24,826/m²
- West FIVE Business Bay Residences — AED 24,530/m²
- The Sterling East House — AED 25,381/m²
- Luxury Family Residence II — AED 24,296/m²
- Tiger Sky Tower — AED 25,703/m²
- Prive by DAMAC — AED 23,982/m²
- Binghatti Skyhall — AED 25,910/m²
Business Bay property prices · Business Bay rents · Dubai property prices
Frequently asked questions
What is the price per sq ft at MAG 318?
Over the last 12 months the median is AED 2,317 per sq ft (AED 24,938 per m²) across 27 DLD sales.
How much is a studio at MAG 318?
Median sale price AED 1,050,000 for a median 41 m², across 21 sales over the last 12 months.
How many sales have been registered at MAG 318?
640 residential sales registered with the DLD between November 2017 and September 2026, 50.8% of them off-plan.
Where is MAG 318?
In Business Bay, Dubai; nearest metro station per the DLD: Buj Khalifa Dubai Mall Metro Station.
Sources and method
Sales: Dubai Land Department "Real Estate Transactions" dataset (data.dubai), registered residential sales (apartments, villas and townhouses) from October 16, 2025 to October 16, 2026 for the last 12 months. Price per m² = sale price / registered area; we use the median, which is less sensitive to unusual deals. 1 m² = 10.764 sq ft.
Rents: DLD "Rent Contracts" (Ejari) dataset (data.dubai), single-unit residential contracts starting between October 20, 2025 and October 20, 2026, median annual rent. The gross yield shown is the median rent divided by the median price of the same unit type: a market benchmark, before service charges and vacancy.
Data published under the Dubai Open Data Licence, downloaded on 20 October 2026 and analysed by Cevitas Real Estate. They describe past transactions and are not a valuation or investment advice.