Project profile
MAG EYE Phase 1 Project · Mohammed Bin Rashid City · prices, sales and rents
Registered prices, construction progress and the record across its buildings.
Developer: MAG Eye Real Estate Development - Fz
- Registered salesLast 12 months
- 96
- Median ready pricePer sq ft
- AED 1,793
- Construction progressCompleted
- 100%
Data to 4 November 2026
Dubai Land Department lists the project as completed on 1 February 2023. In the last 12 months, Dubai Land Department registered 96 sales in MAG EYE Phase 1, worth AED 170.2M in total. The median price of ready homes was 1,793 AED/sqft.
Source: Dubai Land Department open data, published on Dubai Data under the Dubai Data Open Data Licence: registered sales and new rent contracts. Medians use at least 5 transactions.
A project, in progress.
Completed
- Start
- 1 May 2018
- DLD end date
- 16 August 2024
- Completion
- 1 February 2023
- Units
- 1,598
- Buildings
- 8
MAG EYE Phase 1 registered prices, over time.
Median registered price, AED per sq ft
- Ready (registered sales)
- Off-plan (registered sales)
Show the figures
| Month | Ready (registered sales) | Off-plan (registered sales) |
|---|---|---|
| Nov 2023 | — | 1,503 AED/sqft 21 sales |
| Dec 2023 | — | 1,410 AED/sqft 7 sales |
| Jan 2024 | — | 1,511 AED/sqft 17 sales |
| Feb 2024 | — | 1,550 AED/sqft 6 sales |
| Mar 2024 | — | 1,440 AED/sqft 6 sales |
| Apr 2024 | — | — 4 sales |
| May 2024 | — | 1,571 AED/sqft 7 sales |
| Jun 2024 | — | 1,574 AED/sqft 11 sales |
| Jul 2024 | — | 1,562 AED/sqft 8 sales |
| Aug 2024 | — | 1,633 AED/sqft 13 sales |
| Sep 2024 | — | 1,655 AED/sqft 7 sales |
| Oct 2024 | 1,645 AED/sqft 10 sales | — 3 sales |
| Nov 2024 | 1,600 AED/sqft 16 sales | — |
| Dec 2024 | 1,647 AED/sqft 25 sales | — |
| Jan 2025 | 1,656 AED/sqft 18 sales | — |
| Feb 2025 | 1,638 AED/sqft 26 sales | — |
| Mar 2025 | 1,759 AED/sqft 22 sales | — |
| Apr 2025 | 1,740 AED/sqft 19 sales | — |
| May 2025 | 1,699 AED/sqft 16 sales | — |
| Jun 2025 | 1,820 AED/sqft 7 sales | — |
| Jul 2025 | 1,751 AED/sqft 14 sales | — |
| Aug 2025 | — 4 sales | — |
| Sep 2025 | 1,825 AED/sqft 10 sales | — |
| Oct 2025 | 1,801 AED/sqft 9 sales | — |
| Nov 2025 | 1,719 AED/sqft 5 sales | — |
| Dec 2025 | 1,776 AED/sqft 10 sales | — |
| Jan 2026 | 1,874 AED/sqft 6 sales | — |
| Feb 2026 | 1,854 AED/sqft 12 sales | — |
| Mar 2026 | — 1 sale | — |
| Apr 2026 | 1,550 AED/sqft 6 sales | — |
| May 2026 | — 1 sale | — |
| Jun 2026 | 1,515 AED/sqft 5 sales | — |
| Jul 2026 | 1,707 AED/sqft 5 sales | — |
| Aug 2026 | — 3 sales | — |
| Sep 2026 | — 3 sales | — |
| Oct 2026 | 1,626 AED/sqft 6 sales | — |
What does each home type sell and rent for in MAG EYE Phase 1?
Apartment · Studio
- Ready median price
- AED 735K
- Median yearly rent
- AED 52K
- Gross yield
- 7.1%
Apartment · 1 bed
- Ready median price
- AED 1.3M
- Median yearly rent
- AED 80K
- Gross yield
- 6.2%
Villa or townhouse · 2 beds
- Ready median price
- AED 2.9M
- Median yearly rent
- AED 160K
- Gross yield
- 5.5%
Villa or townhouse · 3 beds
- Ready median price
- AED 3.7M
- Median yearly rent
- AED 190K
- Gross yield
- 5.1%
Villa or townhouse · 4 beds
- Ready median price
- —
- Median yearly rent
- AED 300K
- Gross yield
- Rent only
Last 12 months. Medians of at least 5 registered sales or new rent contracts; the median price of all sales mixes ready and off-plan. Gross yield is the median new yearly rent over the ready median price, shown where a home type has at least 10 ready sales and 5 new rents (“rent only” otherwise), before service charges and other costs.
Service charges.
In the area report.
The Mohammed Bin Rashid City area report ranks the area’s projects by sales, each with its own owners’ association budget per sq ft a year where it publishes one, beside the area median by budget year.
See the Mohammed Bin Rashid City area reportExplore the towers.
- MAG 98044 sales in 24 monthsView building
- MAG Eye 89032 sales in 24 monthsView building
- MAG Eye 92032 sales in 24 monthsView building
- MAG Eye 91031 sales in 24 monthsView building
- MAG 96031 sales in 24 monthsView building
- MAG 93030 sales in 24 monthsView building
- MAG 97029 sales in 24 monthsView building
- MAG Eye 90027 sales in 24 monthsView building
The latest registered sales in MAG EYE Phase 1.
| Date | Unit | Size | Price | AED/sqft |
|---|---|---|---|---|
| 3 Nov 2026 | Apartment · 1 bed · ReadyMAG 970 | 863 sqft | AED 1,190,000 | 1,379 |
| 2 Nov 2026 | Apartment · Studio · ReadyMAG Eye 910 | 416 sqft | AED 695,000 | 1,671 |
| 30 Oct 2026 | Villa · 2 beds · Ready | 1,426 sqft | AED 2,910,000 | 2,041 |
| 29 Oct 2026 | Apartment · Studio · ReadyMAG 930 | 416 sqft | AED 688,000 | 1,654 |
| 19 Oct 2026 | Apartment · 1 bed · ReadyMAG 960 | 746 sqft | AED 1,215,000 | 1,629 |
| 19 Oct 2026 | Apartment · Studio · ReadyMAG Eye 890 | 412 sqft | AED 670,000 | 1,626 |
| 14 Oct 2026 | Apartment · 1 bed · ReadyMAG Eye 890 | 793 sqft | AED 1,200,000 | 1,513 |
| 13 Oct 2026 | Apartment · 1 bed · ReadyMAG Eye 900 | 753 sqft | AED 1,112,200 | 1,477 |
| 7 Oct 2026 | Villa · 2 beds · Ready | 1,411 sqft | AED 2,000,000 | 1,417 |
| 5 Oct 2026 | Villa · 3 beds · Ready | 1,460 sqft | AED 3,789,000 | 2,595 |
3 Nov 2026
Apartment1 bedReady863 sqft
MAG 970AED 1,190,0001,379 AED/sqft
2 Nov 2026
ApartmentStudioReady416 sqft
MAG Eye 910AED 695,0001,671 AED/sqft
30 Oct 2026
Villa2 bedsReady1,426 sqft
AED 2,910,0002,041 AED/sqft
29 Oct 2026
ApartmentStudioReady416 sqft
MAG 930AED 688,0001,654 AED/sqft
19 Oct 2026
Apartment1 bedReady746 sqft
MAG 960AED 1,215,0001,629 AED/sqft
19 Oct 2026
ApartmentStudioReady412 sqft
MAG Eye 890AED 670,0001,626 AED/sqft
14 Oct 2026
Apartment1 bedReady793 sqft
MAG Eye 890AED 1,200,0001,513 AED/sqft
13 Oct 2026
Apartment1 bedReady753 sqft
MAG Eye 900AED 1,112,2001,477 AED/sqft
7 Oct 2026
Villa2 bedsReady1,411 sqft
AED 2,000,0001,417 AED/sqft
5 Oct 2026
Villa3 bedsReady1,460 sqft
AED 3,789,0002,595 AED/sqft
Questions about MAG EYE Phase 1
What is the price per sq ft in MAG EYE Phase 1?
In the 12 months to 4 November 2026, the median registered sale price of ready homes was 1,793 AED/sqft.
How many homes were sold in MAG EYE Phase 1 in the last 12 months?
In the last 12 months, Dubai Land Department registered 96 sales in MAG EYE Phase 1, worth AED 170.2M in total. The median price of ready homes was 1,793 AED/sqft. Registered sales to 4 November 2026.
What is the rent in MAG EYE Phase 1?
In the 12 months to 4 November 2026, Apartment · Studio was the most rented home type in MAG EYE Phase 1, at a median of AED 52,000 a year over 295 new contracts. Against its ready median price of AED 735,000, that is a gross yield of 7.1%, before service charges and other costs.
When was MAG EYE Phase 1 completed?
Dubai Land Department lists the project as completed on 1 February 2023.
Where do these figures come from?
From Dubai Land Department open data, published on Dubai Data, to 4 November 2026: registered sales, new rent contracts and the project register. They are registered sales, not a valuation, and not investment advice.
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