MAG318 is located in the heart of the city, Downtown Dubai. Live in a true urban oasis surrounded by a wondrous mix of luxury hotels, commercial and residential building, world-class shopping, leisure, and entertainment, all set among landscaped gardens, and sparkling canals. MAG 318 Tower is a new integrated and high-end residential tower in Downtown Dubai that features 438 residential units complemented by a mix of retail, dining, leisure and entertainment amenities. MAG 318 Tower is located 50 m from the Dubai Mall and will be the first residential development completed within the most luxurious area in Dubai. Considering the proximity to the Downtown neighbourhood, the property is in a much more desired location than its Business Bay competitors. 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.
Business Bay is a central business district located besides Downtown Dubai, United Arab Emirates. The project features numerous skyscrapers located in an area where Dubai Creek has been dredged and extended. Business Bay will have upwards of 240 buildings, comprising commercial and residential developments.The entire development covers an area of 46,900,000 sq ft (4,360,000 m2), and the gross leasable area is 78,500,000 sq ft (7,290,000 m2). The projected population of the entire development is more than 191,000, and the estimated population of employers and others is 110,000, making the total population more than 300,000. In Dubai Business Bay is known to be a mixed-use neighbourhood with residential and commercial areas and is home to several high-end hotels including the former tallest hotel in the world JW Marriott Marquis. Business Bay is also closely located to the upcoming design destination, Dubai Design District and one of Dubai’s oldest hotspots, Jumeirah. Popular off-plan communities to invest in Business Bay include Reva Residences by Damac, Binghatti Star by Binghatti Developers and Vera Residences by Damac.
Mag Property developer is founded in 1978 and it is one of the largest corporations in the region, maintaining a prominent position of leadership and pioneering among its peers. The MAG Group is a master developer based in Dubai, UAE. Their portfolio currently includes real estate, contracting & engineering, Industrial & Commercial trading, freight services, and hospitality. Customer satisfaction and ensuring high-quality work are important values of the group. Together, all these factors contribute to expanding the Group’s horizons and bolster its drive force. With current project estimates over US$ 1 Billion, MAG Property Development is one of the largest names in the region’s real estate industry. Some significant projects by Mag Property Developer are MAG 318 in Business Bay, MAG 5 in Dubai South, and MAG Eye townhouse in MAG eye.
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