MAG EYE Phase 1
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MAG EYE Phase 1 is a completed mixed residential development by MAG EYE REAL ESTATE DEVELOPMENT - FZ in Hadaeq Sheikh Mohammed Bin Rashid - District 7, Hadaeq Sheikh Mohammed Bin Rashid, comprising 1,599 registered units. 2,304 sales are registered with the Dubai Land Department, at a current PIX© price of AED 1,872 per sqft. At AED 1,872 per sqft, MAG EYE Phase 1 prices 10% below the Hadaeq Sheikh Mohammed Bin Rashid - District 7 average of AED 2,069 per sqft on registered sales.
Units
Every unit type registered in this project. PIX© values are EMA-weighted current figures from registered records. Select a row for detail.
| Type | Units | PIX© Price | PIX© PSF | PSF YoY | Trend | PIX© Rent /yr | Yield |
|---|---|---|---|---|---|---|---|
PIX© Core Project-Wide 123 – 5,064 sqft | 1,599 | 2.00M | 1,872 | ↓0.6% | 115K | 5.7% | |
| Residential | |||||||
Studio · Apartment 385 – 471 sqft | 600 | ||||||
1 Bed · Apartment 746 – 909 sqft | 296 | ||||||
2 Bed · Apartment 1,268 sqft | 8 | — | — | ||||
2 Bed · Villa 1,186 – 1,481 sqft | 350 | ||||||
3 Bed · Villa 1,187 – 3,510 sqft | 285 | ||||||
4 Bed · Villa 2,793 – 5,064 sqft | 59 | ||||||
Villa (Bedrooms Unknown) 12,146 – 31,933 sqft | — | — | — | — | — | — | |
| Commercial | |||||||
Store 123 sqft | 1 | — | — | — | — | — | — |
| Land | |||||||
Land 16,999 – 42,465 sqft | — | — | — | — | — | — | |
| Floors | All towers | Mag 930 | Mag 960 | Mag 980 | Mag Eye 890 | Mag Eye 900 | Mag Eye 910 | Mag Eye 920 | Mag 970 |
|---|---|---|---|---|---|---|---|---|---|
| All floors | 261 sales | 32 sales | 29 sales | 45 sales | 32 sales | 30 sales | 30 sales | 35 sales | 28 sales |
| Floors 1-7 | 224 sales | 29 sales | 23 sales | 38 sales | 30 sales | 27 sales | 26 sales | 28 sales | 23 sales |
| Floor 8 | 37 sales | — | — | — | — | — | — | — | — |
| Date | Unit | Position | Size | Price | PSF | vs Prior Sale | Tier | Type |
|---|---|---|---|---|---|---|---|---|
| 14 Aug 2026 | 2 Bed | — | 1,411 | 3,000,000 | 2,127 | +140.2% | Entry Level | Payment Plan Sale |
| 4 Aug 2026 | 1 Bed | Mag 980 · Floor 4 | 746 | 1,180,000 | 1,582 | -17.4% | Standard | Payment Plan Sale |
| 23 Jul 2026 | Studio | Mag 930 · Floor 6 | 416 | 730,000 | 1,755 | +8.1% | Standard | Standard Sale |
| Floors | All towers | Mag 960 | Mag 970 | Mag Eye 910 | Mag Eye 900 | Mag Eye 890 | Mag Eye 920 | Mag 930 | Mag 980 |
|---|---|---|---|---|---|---|---|---|---|
| All floors | 1,134 rentals | 104 rentals | 119 rentals | 146 rentals | 142 rentals | 176 rentals | 130 rentals | 157 rentals | 160 rentals |
| Floors 1-3 | 430 rentals | 38 rentals | 40 rentals | 65 rentals | 54 rentals | 76 rentals | 47 rentals | 53 rentals | 57 rentals |
| Floors 4-6 | 432 rentals | 37 rentals | 45 rentals | 47 rentals | 57 rentals | 63 rentals | 55 rentals | 67 rentals | 61 rentals |
| Floor 7 | 136 rentals | 14 rentals | 13 rentals | 20 rentals | 17 rentals | 17 rentals | 13 rentals | 18 rentals | 24 rentals |
| Floor 8 | 136 rentals | 15 rentals | 21 rentals | 14 rentals | 14 rentals | 20 rentals | 15 rentals | 19 rentals | 18 rentals |
| Start Date | Unit | Size | Rent / Yr | Rent PSF | vs Prior Rent | Tier | Type |
|---|---|---|---|---|---|---|---|
| 10 Oct 2026 | 2 Bed | 1,425 | 175,000 | 123 | — | Standard | renewal |
| 2 Sep 2026 | Studio | 417 | 54,000 | 130 | — | Standard | renewal |
| 26 Aug 2026 | Studio | 394 | 49,000 | 124 | — | Entry Level | renewal |
Comparables
How this project prices against its peers, ranked by PIX© price per square foot.
Common questions about MAG EYE Phase 1
Answered from Dubai Land Department registered transactions.
How much does a property in MAG EYE Phase 1 cost?
Property in MAG EYE Phase 1 sells at a current PIX© price of AED 1,872 per sqft, or about AED 2,002,711 for a typical unit, based on 2,304 sales registered with the Dubai Land Department.
Is MAG EYE Phase 1 completed?
Yes. MAG EYE Phase 1 is recorded as completed in the Dubai Land Department project register (completed q3 2024).
Who is the developer of MAG EYE Phase 1?
MAG EYE Phase 1 is developed by MAG EYE REAL ESTATE DEVELOPMENT - FZ, the developer recorded against the project in the Dubai Land Department register.
What is the rental yield in MAG EYE Phase 1?
MAG EYE Phase 1 yields 5.7% gross, calculated from current PIX© rent against current PIX© sale price, across 2,161 registered Ejari contracts.
How many units are in MAG EYE Phase 1?
MAG EYE Phase 1 holds 1,599 registered units, per the Dubai Land Department unit register.
Have prices in MAG EYE Phase 1 gone up or down?
Price per sqft has fallen -0.6% over the last 12 months, to AED 1,872, across 2,304 registered sales.