Mag 330 by MAG: Pay 15% Now, Half After You Move In
MAG Property Development's Mag 330 offers fully furnished studios, one-bedrooms, and two-bedrooms in City of Arabia. The handover target is December 2026, about five months away. Of all the data points in this project's profile, the payment structure deserves the most attention first.
Getting In for 15%
| Stage | % Due |
|---|---|
| Down payment | 15% |
| During construction | 25% |
| At handover | 10% |
| Post-handover | 50% |
A 15% down payment is a low barrier for Dubai off-plan. What stands out more is that 50% of the purchase price is deferred past handover. During construction, buyers pay 25%. At handover, another 10% is due. The remaining half follows in post-handover installments.
At the project minimum of AED 665,000, the down payment is AED 99,750. Construction and handover installments add up to AED 232,750, bringing the total pre-possession outlay to AED 332,500. The remaining AED 332,500 is deferred until after the unit is in hand. For investors planning to lease the unit, that deferred half can be serviced from rental income. For owner-occupiers, it pushes the largest payment block to the period after move-in.
City of Arabia: What the Location Means
City of Arabia is in eastern Dubai, adjacent to Dubai Academic City and Dubai Silicon Oasis. Sheikh Mohammed Bin Zayed Road connects the area to the city's main road network. The drive to Downtown Dubai is roughly 25 to 30 minutes under normal conditions.
For investors, the location's most relevant feature is proximity to two knowledge-economy districts. Dubai Academic City and Silicon Oasis draw academics, students, and technology professionals, all of whom generate demand for furnished rental apartments. For owner-occupiers, City of Arabia offers more space per dirham than central or waterfront communities, at the trade-off of a longer commute.
What AED 665K to AED 1.78M Covers
Prices run from AED 665,000 to AED 1,784,193 across three unit formats.
Studios span 568 to 880 square feet. One-bedrooms run from 817 to 1,221 square feet. Two-bedrooms cover 1,204 to 1,389 square feet, topping out at AED 1,784,193. The price difference between formats is driven by unit size. Buyers targeting the lowest entry point will focus on studios. Those prioritizing living space or who expect stronger rental demand from a larger format will step up to one or two bedrooms.
All units are delivered fully furnished with kitchen appliances, meaning the unit is functional at handover without additional outlay.
What the Amenities Say About the Project
| Amenity | Category |
|---|---|
| Fully Furnished | Interior finish |
| Kitchen Appliances | Interior finish |
| Built-in Wardrobes | Interior finish |
| Shared Pool | Recreation |
| Shared Spa | Recreation |
| Children's Play Area | Recreation |
| Central A/C | Building services |
| Security | Building services |
| View of Landmark | Outlook |
| Pets Allowed | Building policy |
Three items here stand out. Full furnishing with kitchen appliances makes the unit immediately usable or lettable at handover. Pets allowed is not listed as a standard feature in most Dubai apartment developments, which broadens the effective tenant pool. The landmark view designation indicates that at least some units have an open outlook rather than facing adjacent structures.
The mix of furnished delivery, a spa and pool, a children's play area, and a pet-friendly policy points to a project targeting mid-market families and working professionals who want a ready-to-use unit without a brand-name district premium.
Five Months to Handover
Construction began in April 2024. Expected completion is December 2026, five months from now. Buyers entering at this point are close to the finish line. The remaining construction installments are near their due dates, and the post-handover payment phase follows shortly after possession.