Business Bay · MAG Group
23-storey residential building in Business Bay, completed in 2020. Developer — MAG Group. Architect — Mimar Emirates Engineering Consultants.
Specifications for Mag 318 per Propsearch and the Dubai Land Department. They describe the whole building, not the individual unit.
Mag 318 is a 23-storey residential building in Business Bay, completed in 2020.
The developer is MAG Group. The architecture is by Mimar Emirates Engineering Consultants.
The building holds 439 apartments in total.
The database currently holds 1 lot in this project, from 1 900 000 AED.
Twenty-three storeys and 439 residences from MAG in Business Bay, handed over in 2020. Our own stock carries a lot at AED 1.9 million (~$520K).
MAG 318 is a residential complex by MAG Group, 23 storeys and 439 residences in Business Bay, handed over in 2020.
Our own stock carries a unit at AED 1.9 million; the area is not given, so we do not quote a price per square foot.
Four hundred and thirty-nine apartments across twenty-three storeys works out to nineteen per floor — a dense building built for the rental market.
District benchmarks for comparing the listing where the area is not given.
| Project | AED / ft² | Lots | Avg. size |
|---|---|---|---|
| Lumena Alta | 8082 | 6 | 2578 ft² |
| Bugatti Residences | 7945 | 6 | 6415 ft² |
| Vela by Omniyat | 6213 | 3 | 6321 ft² |
| Burj Binghatti Jacob & Co | 5865 | 38 | 1924 ft² |
| Jumeirah Living Business Bay | 4926 | 9 | 3330 ft² |
| Peninsula Two | 3058 | 4 | 412 ft² |
| Mama Shelter | 3030 | 4 | 578 ft² |
| J One | 3029 | 4 | 2174 ft² |
| Al Habtoor City | 2967 | 8 | 1696 ft² |
| Trillionaire Residences | 2890 | 5 | 913 ft² |
| Peninsula Four B | 2819 | 4 | 612 ft² |
| Peninsula | 2817 | 9 | 1292 ft² |
| The Crestmark | 2770 | 5 | 1229 ft² |
| The Sterling | 2754 | 3 | 1479 ft² |
| Quayside | 2651 | 6 | 1070 ft² |
| Canal Crown | 2559 | 3 | 718 ft² |
| Binghatti Aquarise | 2540 | 3 | 955 ft² |
| Chic Tower | 2396 | 3 | 899 ft² |
| Aykon City | 2215 | 5 | 1313 ft² |
| Executive Towers | 1856 | 4 | 2158 ft² |
| Nobles Residential Tower | 1844 | 3 | 1265 ft² |
Our own stock as of 28 August 2026: 368 lots across the district, median AED 3.58 million, average AED 3,585/ft². Projects with three or more lots and a known area only — 123 lots with an area contradicting the bedroom count were excluded from the calculation.
Business Bay in our database: 368 lots, median AED 3.58 million, average AED 3,585/ft².
A density of 439 apartments across 23 storeys is mass-market territory — closer to a high-volume rental tower in Miami's Brickell than to a central-business-district address — not what the Business Bay name might suggest. Business Bay is uneven in this respect: buildings with 45 residences and buildings with fifteen hundred stand next to each other.
For a buyer, that means "Business Bay" on a listing describes neither the building nor its neighbours. It describes density — and that is what to ask about before a viewing.
On resale, in a dense building you compete against hundreds of comparable lots; in a 45-unit building, against almost no one.
propsearch factsheet: 23 storeys, 439 residences, developer MAG Group, handover 2020. Our own stock as of 28 August 2026: the project lot (price), the district comparison table, and the Business Bay median and average.
MAG Group. The architecture is by Mimar Emirates Engineering Consultants.
23. The building has 439 apartments.
Yes, the building was handed over in 2020. This is ready housing: you can move in or let it out right after the deal.
Business Bay. The canal district next to Downtown: conceived as offices, built mostly as apartments, now one of the most tenanted parts of the city.
The database currently holds 1 lot in this project, from 1 900 000 AED. Prices in the base are live and update every day; ask for the current list for the building before deciding.
Swimming pool, Children's area, Shops, Park and landscaping. The list comes from the project description and covers the whole complex.
What has been written about the building, its developer and Business Bay
Business Bay recorded 14 prime transactions in August 2026 against Palm Jumeirah's 10 — while Dubai-wide transaction volume fell 37% year-on-year and value fell 44%. Rental search demand rose 44% over the same period. What these seemingly contradictory numbers actually mean.
Corinthia Dubai, twin towers above 500 m on Sheikh Zayed Road with a rooftop pool and a Corinthia hotel, is due by 2030. Al Habtoor Group has announced an AED 5bn ($1.36bn) office tower in Al Habtoor City. What the two projects say about the market and who should care.
Omniyat bought a reclaimed island in Marasi Bay to build the Burj Khalifa district's only urban beach club and Sunset Park, a private floating island for VELA Viento residents. In March 2026 it priced a $600m sukuk at 7.25% and said its $11.7bn launched portfolio is fully funded to completion.
Deyaar is building DWTN (Downtown) Residences in Business Bay: twin 445 m, 111-storey towers with 522 homes — 432 apartments, 76 duplexes, 13 penthouses and a “Royal Palace”. From AED 1.86m with half due at keys. Construction began in January 2026; completion is quoted for 2029–2030.
In October 2024 Binghatti said it would lift its portfolio from about AED 40bn to AED 100bn ($27.2bn) in 18 months. In 2025 revenue reached AED 12.43bn, more than 17 000 units were sold, and the AED 30bn Binghatti City launched in Nad Al Sheba. What the growth means for buyers.
Downtown is Dubai's tourist and status core, around AED 2 433/sqft on our own data. Business Bay is the business district next door, home to 17 000+ companies, around AED 1 871/sqft. We compare lifestyle, rental economics and who should pick which.
SOM designed Burj Khalifa and a 74-metre metro station in Creek Harbour that will be the tallest in the world. Zaha Hadid Architects built The Opus and is now building Oystra in Ras Al Khaimah. What separates a real premium from a marketing line.
Three major office schemes are rising around DIFC and Business Bay: Immersive Tower ($300m, 58 573 sq m, 2027), Aldar's 88 000 sq m tower by Emirates Towers metro (Q4 2027), and an office park with a theatre on Business Bay's largest plot. Vacancy in central clusters sits at 2–5%.
The RTA and Dubai Holding signed an AED 6bn (about $1.6bn) road programme: four new JVC access points with interchanges, double the capacity and 70% shorter journeys. Hessa Street phase two adds a 780 m bridge and a 480 m tunnel out of JVC. What it means for owners and buyers.
Message me for the free layouts in Mag 318, the real entry price and what owners and tenants say — not the brochure copy.
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