Mag 318, Business Bay

    Sold Prices · DLD Data

    Mag 318

    Business Bay, Dubai · Business Bay

    AED 2,475

    Avg Price / sqft

    AED 1.6M

    Avg Sale Price

    20

    DLD Sales Recorded

    5.2%

    Est. Gross Yield

    View listings Explore Business Bay

    Market snapshot

    Mag 318 — the numbers

    Mag 318 is a residential building in Business Bay, Dubai with approximately 451 units. Dubai Land Department records show 20 sales in the building, at an average price of AED 1.6M — around AED 2,475 per square foot.

    Since January 2026, 18 sales completed in Mag 318, with the average price per square foot moving from AED 3,279 to AED 2,157 (-34.2%). That softening can open negotiating room for buyers.

    Benchmarked against average residential rents in Business Bay, a typical unit in Mag 318 returns an estimated 5.2% gross rental yield before service charges — a useful starting point for investors comparing towers across Business Bay.

    Figures are from Dubai Land Department transaction records for Mag 318; individual units vary by floor, view and finish. Gross yield is estimated against average Business Bay residential rents, before service charges.

    Price trend

    Price trend in Mag 318

    Average sale price per sqft by month since January 2026 (single-sale months excluded)-34.2%

    2,2972,7183,139Jan 26: AED 3,279/sqft · 5 salesJan 26Feb 26: AED 2,294/sqft · 3 salesFeb 26Mar 26: AED 2,285/sqft · 2 salesMar 26Jul 26: AED 2,157/sqft · 8 salesJul 26

    Unit types

    Prices by unit type

    Studio

    AED 1.0M

    AED 2,295/sqft

    14 sales · last 12 months

    1 Bed

    AED 1.7M

    AED 1,880/sqft

    3 sales · last 12 months

    2 Bed

    AED 2.0M

    AED 2,069/sqft

    1 sale · last 12 months

    Transactions

    Recent sold prices

    DateTypeBedsSize (sqft)PriceAED/sqft
    07 Aug 2026Sales0440AED 850KAED 1,933
    27 Jul 2026Sales1982AED 1.7MAED 1,764
    21 Jul 2026Sales0441AED 850KAED 1,927
    20 Jul 2026Sales0433AED 990KAED 2,287
    20 Jul 2026Sales0432AED 1.0MAED 2,317
    13 Jul 2026Sales0440AED 980KAED 2,228
    09 Jul 2026Sales0446AED 950KAED 2,128
    02 Jul 2026Sales0434AED 1.1MAED 2,465
    01 Jul 2026Sales1819AED 1.8MAED 2,137
    12 May 2026Sales0446AED 1.1MAED 2,464
    16 Mar 2026Sales0441AED 895KAED 2,030
    16 Mar 2026Sales0433AED 1.1MAED 2,541
    25 Feb 2026Sales0440AED 1.1MAED 2,387
    12 Feb 2026Sales2967AED 2.0MAED 2,069
    03 Feb 2026Sales0433AED 1.1MAED 2,425
    29 Jan 2026Sales0432AED 1.0MAED 2,317
    27 Jan 2026Sales0432AED 1.2MAED 2,687
    22 Jan 2026Sales1982AED 1.7MAED 1,741
    20 Jan 2026Sales-1,350AED 9.0MAED 6,649
    09 Jan 2026Sales-588AED 1.8MAED 3,000

    About the area

    Mag 318 is in Business Bay

    Business Bay is a dynamic urban community situated adjacent to Dubai's iconic Downtown, catering primarily to professionals and expatriates seeking an engaging city lifestyle. This strategically located area runs alongside the picturesque Dubai Canal, offering residents breathtaking waterfront views and a vibrant atmosphere that harmoniously blends work and leisure.

    Explore the Business Bay area guide

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    FAQ

    Mag 318: frequently asked questions

    What is the average price in Mag 318?

    The average recorded sale price in Mag 318, Business Bay is AED 1.6M, around AED 2,475 per square foot, based on Dubai Land Department transaction data.

    Are prices in Mag 318 going up or down?

    Average sale prices in Mag 318 have eased -34.2% per square foot since January 2026, across 18 DLD-recorded sales.

    What rental yield can I expect in Mag 318?

    Based on average Business Bay residential rents against sale prices in the building, a typical unit in Mag 318 yields roughly 5.2% gross per year, before service charges and fees.

    How many properties have sold in Mag 318?

    20 sales have been recorded in Mag 318 according to DLD data, across approximately 451 units.

    Considering Mag 318?

    Get honest, DLD-backed guidance on pricing, yields and availability in Business Bay from Binayah's advisors — no pressure, just the numbers.

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