Mag 318 Facts
Mag 318 Description
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.
Fully furnished canal-front residences in the heart of ambition – Business Bay, Downtown Dubai
Studios, 1 BR and 2 BR Apartments | 431 Sq. Ft. – 2315 Sq. Ft.
Why Invest at MAG 318?
- Considering the proximity to Downtown neighbourhood, the property is in a much more desired location than its Business Bay competitors.
- Downtown Dubai and Business Bay are ranked 2nd and 3rd respectively among the off-plan apartment transactions.
- Business Bay is the ‘central business district’ comprising of commercial (19%), mixed-use (59%) and residential (22%) developments along the Dubai Water Canal.
- Downtown Dubai is home to some of the city’s largest landmarks including Burj Khalifa, Dubai Mall and Dubai Fountain. The location is also known for Souq Al Bahar and Emaar Boulevard.
- Rent performance: Both Downtown Dubai and Business Bay were among the top 5 highest-annual-rent locations. Downtown Dubai was 2ndand Business Bay stood at 5th.
- Price performance: Although the overall property prices have declined, Downtown Dubai and Business Bay are still among the top 10 expensive destinations. Downtown Dubai is the most expensive and Business Bay ranks 7th. The proximity to Downtown Dubai therefore helps MAG 318 to command an advantage.