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MAG 318 is a new 23-storey residential complex located in Business Bay, Dubai. Commissioned in January 2021, the project was developed by MAG Group, and the architectural design was implemented by Mimar Emirates Engineering Consultants. In 2019, the development won the award for ‘Residential Project of the Year’ for its innovative and creative design approach. There are a total of 439 residential units, including studios and one- to two-bedroom apartments. Properties have a minimum size of 40 sq. ft. and a starting price of AED 750,000 (USD 204,000). Residences are fully furnished and have balconies and panoramic windows that overlook the Dubai Creek Canal. The complex provides a variety of amenities and services, including:
Swimming pool with adjustable temperature controls
Gym with modern equipment
Outdoor seating areas and a café
Children’s playground
Parking
24-hour security and reliable video surveillance
High-speed elevators
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MAG 318 is located near Dubai Creek in the progressive commercial district of Business Bay. The building is situated near Sheikh Zayed Road and Al Khail Road, which provide direct routes to other parts of the emirate. Downtown Dubai can be reached within a 10-minute drive of the apartments, and Dubai Marina and Palm Jumeirah are located within a 20-minute drive.
The nearest bus stops, Empire Heights Towers 2 and Coral Tower 1, are situated within a five-minute walk of the building, and the nearest Metro stations, Business Bay and Burj Khalifa/Dubai Mall, can be reached within a 10-minute walk. For groceries and household goods, residents can shop at Carrefour, which is located across the street from the complex, and Dubai Mall, a large shopping and entertainment centre, is situated within a 10-minute walk.
Residents have easy access to Dubai Creek, which is surrounded by retail stores and exclusive restaurants. The community has an abundance of family-friendly attractions and is home to JW Marriott Marquis Hotel, the world’s second-tallest hotel.
The building is located within a short drive of several popular destinations, including:
Business Bay is one of Dubai’s main commercial hubs. As a result, residential real estate is in demand among tenants and investors. The area has freehold status, which means that people from other countries can purchase properties and retail full ownership. MAG 318 offers studios and apartments that are suitable for professionals and their families. Units have a return on investment rate of 5.08%.
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