MAG 318 Apartments at Business Bay
MAG 318 is a high-rise residential tower located in the Business Bay community of Dubai in Downtown Dubai featuring fully-furnished studios, 1 and 2 bedroom waterfront apartments places near the Dubai Water Canal. This residential tower features 438 residential units in total that are available in various layouts offering an attractive payment plan option to the buyers and investors. This development is built keeping in mind the preferences and needs of the residents. Each home within MAG 318 is equipped with ample parking spaces, expansive balconies, multiple entries and exit routes to make it easy to roam around the community.
These apartments are crafted in a way to provide the residents with awestruck views of both Burj Khalifa and Dubai Water Canal. This project is strategically located in the heart of Dubai, UAE making it accessible from two major road networks of the city, Al Khail Road and Sheikh Zayed Road.
Features & Amenities
MAG 318 Tower is an exceptional development by MAG Property Development located in the ideal suburban community of Business Bay, Downtown Dubai. This development is equipped with some of the best features and amenities. The development comprises of all the key aspects required by residents. Moreover, there is a wide range of retail outlets to cater to the daily needs of the residents along with plenty of fine dining restaurants and plenty of shopping complexes. This development is magnificently designed to provide the residents with the best comfort while living in this exceptional development.
- Various entertainment and leisure spots
- Swimming pool
- Luxurious spas
- Parking space and expansive balconies for each apartment
- Play area for kids
- Exclusive retail outlets
- Parks and gardens
- Cycling tracks
- Jogging tracks
Payment Plan
MAG 318 is an exceptional development in Business Bay, Downtown Dubai by MAG Property Development offering attractive and easy payment plan options for the buyers and investors. The payment plan of the development is structured in a 40/60 format. The buyers have to pay a minimal of 10% of the total amount as down payment at the time of booking the property in this development while paying the remaining amount in easy monthly installments. This development serves as a great investment opportunity for potential buyers and investors.
This project is a great option to live because of its fully-furnished and elegantly designed apartments that are equipped with all the modern facilities and amenities.
| Installment | Milestone | Percentage (%) |
| Down Payment | Purchase Date | 10% + 4% Registration Fee |
| 1st Installment | Within 30 days from purchase date | 10% |
| 2nd Installment | Within 5 months from purchase date | 10% |
| 3rd Installment | Within 10 months from purchase date | 10% |
| Final Installment | On Handover | 60% |
Floor Plan
The floor plan of MAG 318 is meticulously crafted to cater to the needs and interests of prospective buyers and investors. The development features studios, 1 and 2 bedroom luxurious apartments that are available in unique layout options.
The floor sizes of the studios vary from 444.2 – 455.5 square feet whereas 1 bedroom apartments have a total space ranging from 841 square feet to 1,588.23 square feet. However, the two-bedroom apartments range from 1,019.68 to 2,362.05 square feet.
Moreover, the high rise residential tower of the development consists of 438 apartments in total out of which 316 are studios, 47 are one-bedroom apartments and 75 are two-bedroom apartments.
Master Plan
MAG 318 is a master-planned development by MAG Property Development that has plenty to offer at the prime location of Business Bay, Downtown Dubai. This development will give an opportunity to the residents to live in a community that is equipped with a wide range of facilities and amenities including luxurious commercial and residential units, hotels, world-class shopping, entertainment options and dining options along with lush green landscaped parks and gardens located along the Dubai Water Canal.
