MAG 318 by MAG Properties MAG 318 is a high-rise residential project by MAG Properties located in Business Bay. The tower has 438 residences offering studio units, as well as one-bedroom and two-bedroom apartments. MAG 318 offers integrated and high-end living experience with retail outlets, dining and leisure places, and entertainment amenities all accessible within the property. The residences are located within a true urban oasis with a mix of luxury hotels and residences and world-class shopping and entertainment destinations. Located within 50 meters from the Dubai Mall, the apartment project will be the first residential development completed in the sought-after community of Downtown Dubai. The residences boast of stunning views of the Burj Khalifa and the Dubai Water Canal and are offered in studio, 1-bedroom and 2-bedroom arrangements from AED 741,030.