Mag 318 Launch Prices
Off-plan in Business Bay · Developer launch registrations from the Dubai Land Department off-plan register
Launch Summary
325 developer launch sales registered at Mag 318 between Nov 2017 and Aug 2021: 100% apartments, most commonly studio units, typically around 440 sqft.
Bed mix: Studio 74% · 1-bed 10% · 2-bed 15%.
Every figure here is a registered developer launch price from the DLD off-plan register - a different kind of price from a ready-market resale, and kept entirely separate from KhaleejKeys' resale statistics.
Launch Price by Quarter
Median registered launch price per square foot at Mag 318, per quarter, with the number of launch sales registered in each.
| Quarter | Launch sales | Median AED/sqft |
|---|---|---|
| 2017 Q4 | 7 | AED 1,782 |
| 2018 Q1 | 30 | AED 1,836 |
| 2018 Q2 | 33 | AED 1,790 |
| 2018 Q3 | 39 | AED 1,789 |
| 2018 Q4 | 23 | AED 1,796 |
| 2019 Q1 | 19 | AED 1,869 |
| 2019 Q2 | 33 | AED 1,794 |
| 2019 Q3 | 12 | AED 1,802 |
| 2019 Q4 | 16 | AED 1,805 |
| 2020 Q1 | 9 | AED 1,798 |
| 2020 Q2 | 6 | AED 2,047 |
| 2020 Q3 | 21 | AED 1,804 |
| 2020 Q4 | 75 | AED 2,197 |
| 2021 Q1 | 1 | AED 1,751 |
| 2021 Q3 | 1 | AED 1,857 |
Launch vs Resale
Mag 318 also has 261 ready-market resales registered with the DLD, the first on 24 February 2021 - 39 months after the first launch registration. A developer launch price and an arm's-length resale are different kinds of price; the gap is context, not a return.
Recent Launch Registrations
Developer launch registrations from the DLD off-plan register - not resales, and never blended into KhaleejKeys' resale prices.
Other Off-Plan Projects in Business Bay
Off-plan in Business Bay
Compare this project with every other off-plan launch registered in Business Bay, or see the community's resale market.
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