MAG 318 Tower is a new integrated and high-end residential tower in Downtown Dubai. The development will be spread over more than 55,000 sq.ft. Of land and features 438 residential units complemented by a mix of retail, dining, leisure and entertainment amenities. MAG 318 Tower is located 50 meters from the Dubai Mall and 35 meters from the Dubai Water Canal. It will be the first residential development completed within the most luxurious area in Dubai.

  • Project Specs: 2B + G + 3 Parking + 19 Residential Floors
  • Total Units: 439 high-end units
  • Expected Completion: Q2 2020

Location

Business Bay

The MAG 318 tower is located in the heart of the city, Business Bay — Downtown. Live in a true urban oasis surrounded by a wondrous mix of luxury hotels, commercial and residential buildings, and world-class shopping, leisure and entertainment – all set among landscaped gardens and the sparkling Dubai Water Canal.

Starting prices and sizes:

Bedrooms Quantity Total Sq. Ft. Starting Price
Studio 316 435 856,000 AED
1-bedroom 48 811 1,359,000 AED
2-bedroom 75 973 1,610,000 AED

Payment plan:

  • 30% During Construction (10% Down Payment)
  • 70% on handover

 

Key Features

  • All apartments, including studios, will have balconies and parking spaces.
  • Extensive landscaping, a pool, outdoor leisure spaces, a kids’ area, a community center, central washing machine and indoor coffee shop.
  • Fully walkable and in close proximity to schools, offices, hospitals, malls and hotels.
  • Overlooking the new yacht club on Dubai Water Canal.
  • Located next to the cycling track in Meydan.
  • A short drive away from Dubai’s International Financial Centre and the popular Dubai Mall and the world’s tallest tower, Burj Khalifa
  • Multiple entry/exit routes and easy access from the main highways of Sheikh Zayed Road, Al Khail Road and Emirates Bypass Road.
  • Location has become a prime hub for development and investment and is the fastest developing area of Dubai at a rate of 5 to 7 percent per annum.

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