MAG EYE Phase 1, Hadaeq Sheikh Mohammed Bin Rashid District 7: sale prices and transactions
MAG EYE Phase 1 is a project registered with the Dubai Land Department (project no. 2033) in Hadaeq Sheikh Mohammed Bin Rashid District 7. Since March 2019, 2,329 residential sales have been registered there, the latest in October 2026. Over the last 12 months, 96 sales closed at a median AED 19,590 per m² (AED 1,820 per sq ft).
- AED 19,590median price per m²
- AED 1,820median price per sq ft
- 2,329sales since 2019
- 96sales in 12 months
- +1.9%change year on year
Its price per m² is in line with the Hadaeq Sheikh Mohammed Bin Rashid District 7 median (AED 20,103/m²). Most sales (81.2%) were registered off-plan: the project was sold before completion.
MAG EYE Phase 1 prices by bedroom
Median sale price and median size, DLD sales over the last 12 months (at least 3 sales per row).
| Unit type | Sales | Median price | Median size |
|---|---|---|---|
| Apartment · Studio | 35 | AED 750,000 | 38 m² |
| Apartment · 1 bedroom | 29 | AED 1,350,000 | 75 m² |
| Villa / townhouse · 2 bedrooms | 14 | AED 2,937,500 | 131 m² |
| Villa / townhouse · 3 bedrooms | 16 | AED 3,725,000 | 136 m² |
MAG EYE Phase 1 price history
| Year | Sales | Median / m² | Median / sq ft | Change |
|---|---|---|---|---|
| 2019 | 131 | AED 11,152 | AED 1,036 | — |
| 2020 | 214 | AED 11,398 | AED 1,059 | +2.2% |
| 2021 | 950 | AED 11,872 | AED 1,103 | +4.2% |
| 2022 | 305 | AED 15,455 | AED 1,436 | +30.2% |
| 2023 | 192 | AED 15,747 | AED 1,463 | +1.9% |
| 2024 | 237 | AED 18,603 | AED 1,728 | +18.1% |
| 2025 | 231 | AED 19,453 | AED 1,807 | +4.6% |
| 2026 (to mid-October) | 69 | AED 19,954 | AED 1,854 | +2.6% |
MAG EYE Phase 1 rents
938 Ejari contracts started in the project over the last 12 months. Indicative gross yield: studio 7.2%, 1 bedroom 5.9%, 2 bedrooms 5.4%, 3 bedrooms 5.1%.
| Unit type | Contracts | Median annual rent | Middle 50% range | New leases |
|---|---|---|---|---|
| Apartment · Studio | 392 | AED 54,000 | 50,000 – 58,000 | AED 53,428 |
| Apartment · 1 bedroom | 182 | AED 80,000 | 75,000 – 90,000 | AED 80,000 |
| Villa / townhouse · 2 bedrooms | 176 | AED 160,000 | 147,000 – 172,365 | AED 160,000 |
| Villa / townhouse · 3 bedrooms | 167 | AED 190,000 | 180,000 – 210,000 | AED 190,000 |
| Villa / townhouse · 4 bedrooms | 20 | AED 300,404 | 282,500 – 347,500 | AED 300,000 |
Buildings recorded in sales
- MAG EYE 910
- MAG EYE 890
- MAG 930
- MAG 980
- MAG EYE 900
- MAG EYE 920
- MAG 970
- MAG 960
Location
- Nearest metro: Noor Bank Metro Station
- Shopping mall: Dubai Mall
- Landmark: Downtown Dubai
Same price per m² elsewhere in Dubai
- Al Habtoor City, Business Bay — AED 19,588/m²
- DAMAC Islands 2 - Tahiti 2, Al Yelayiss 1 — AED 19,600/m²
- Azizi Riviera 5, Meydan One Community — AED 19,580/m²
- Azizi Riviera 18, Meydan One Community — AED 19,604/m²
Other projects in Hadaeq Sheikh Mohammed Bin Rashid District 7
- Keturah Reserve — AED 37,177/m²
Hadaeq Sheikh Mohammed Bin Rashid District 7 property prices · Hadaeq Sheikh Mohammed Bin Rashid District 7 rents · Dubai property prices
Frequently asked questions
What is the price per sq ft at MAG EYE Phase 1?
Over the last 12 months the median is AED 1,820 per sq ft (AED 19,590 per m²) across 96 DLD sales.
How much is a studio at MAG EYE Phase 1?
Median sale price AED 750,000 for a median 38 m², across 35 sales over the last 12 months.
How many sales have been registered at MAG EYE Phase 1?
2,329 residential sales registered with the DLD between March 2019 and October 2026, 81.2% of them off-plan.
Where is MAG EYE Phase 1?
In Hadaeq Sheikh Mohammed Bin Rashid District 7 (DLD area Hadaeq Sheikh Mohammed Bin Rashid), Dubai; nearest metro station per the DLD: Noor Bank Metro Station.
Sources and method
Sales: Dubai Land Department "Real Estate Transactions" dataset (data.dubai), registered residential sales (apartments, villas and townhouses) from October 16, 2025 to October 16, 2026 for the last 12 months. Price per m² = sale price / registered area; we use the median, which is less sensitive to unusual deals. 1 m² = 10.764 sq ft.
Rents: DLD "Rent Contracts" (Ejari) dataset (data.dubai), single-unit residential contracts starting between October 20, 2025 and October 20, 2026, median annual rent. The gross yield shown is the median rent divided by the median price of the same unit type: a market benchmark, before service charges and vacancy.
Data published under the Dubai Open Data Licence, downloaded on 20 October 2026 and analysed by Cevitas Real Estate. They describe past transactions and are not a valuation or investment advice.