Mag Eye Phase 1
ماج آي المرحلة 1MAG EYE REAL ESTATE DEVELOPMENT - FZ · Home sales since 2019 · mostly resales in the 12 months to 7 Oct 2026
Dubai Land Department data shows the typical sale price (the median, ready and off-plan homes together) in Mag Eye Phase 1 was AED 1,582/sqft in Aug 2026, from 5 home sales recorded.
The Land Department’s record
completed per the Land Department · 100% complete · villa complex · 904 units · 8 buildings · 694 villas · 48 plots · DLD target completion February 2023
Registered developer: MAG EYE REAL ESTATE DEVELOPMENT - FZ (DLD no. 1225)
Master developer: MEYDAN GROUP (L.L.C) (DLD no. 1181)
Escrow account with Emirates NBD · Zoned by Dubai Municipality
From the Land Department’s projects file, file dated 15 June 2026.
Rents recorded under HADAEQ SHEIKH MOHAMMED BIN RASHID - DISRICT 7
Typical yearly rent of AED 80,000 across 944 tenancies recorded in the community over the last 12 months.
This is the community’s figure, not this project’s.
Dubai Land Department · rent contracts Ejari (Dubai's rent registration system) contracts · agreed rents, not advertised ones. File dated 10 Oct 2026 · synced 11 Oct 2026.
Villas on the Land Department's register in Mag Eye Phase 1
The Land Department's buildings file lists 694 villas in Mag Eye Phase 1; 0 of them stand alone on a plot in the land register with both sizes recorded, which is fewer than the 30 needed, so no plot band is shown.
In the Land Department's buildings file dated 5 Oct 2026 and in the Land Department's land register dated 10 Oct 2026.
Dubai Land Department · building register The Land Department's buildings file · each villa record's built-up area and bedrooms, as recorded. File dated 5 Oct 2026 · synced 5 Oct 2026.
Dubai Land Department · land register The Land Department's land register · the plot a villa stands alone on, as the Municipality measures it · no owner. File dated 10 Oct 2026 · synced 11 Oct 2026.
AED 1,582/sqft
Aug 2026 · 5 home sales
—
No two months with 5+ resales 3 or more years apart.
33 months
Recorded home resales here fall in 33 months, Feb 2024 to Oct 2026. The growth beside this is drawn from the months with 5 or more of them; a figure for what they will do next is a scenario you set on the returns page.
Dubai Land Department · recorded sales Sales on record with the Land Department · typical prices, not estimates. Half of the sales were above a typical price, half below. File dated 8 Oct 2026 · synced 8 Oct 2026.
What would this size cost?
Enter the size from the brochure or the floor plan. We price it against what homes of that size actually sold for in Mag Eye Phase 1 — not an asking price, and not this project’s overall typical price, which mixes every size together.
Dubai Land Department · recorded sales Sales on record with the Land Department · typical prices, not estimates. Half of the sales were above a typical price, half below. File dated 8 Oct 2026 · synced 8 Oct 2026.
Price per sqft trend
Dubai Land Department · recorded sales Sales on record with the Land Department · typical prices, not estimates. Half of the sales were above a typical price, half below. File dated 8 Oct 2026 · synced 8 Oct 2026.
What it returns
A year of rent compared with what completed homes of that size actually sold for in Mag Eye Phase 1 over the same twelve months. Prices are this project’s own recorded ready-home sales. Off-plan sales are left out because rent is paid on built homes. Rents marked this building are new rent contracts recorded in Mag Eye Phase 1 itself. The rest are homes of the same size in Dubai Hills, used where Ejari did not name the building. A red (i) marks a figure that rests on few records, with how many.
| Size | Price now, ready homes | Rents for | Yield before costs | Ready sales, 12 months |
|---|---|---|---|---|
| Studio | AED 745K | AED 55,000/yrthis building · 266 new lets | 7.4% | 36 |
| 1 bed | AED 1.36M | AED 80,000/yrthis building · 133 new lets | 5.9% | 27 |
| 2 beds | AED 2.93M | AED 160,000/yrthis building · 119 new lets | 5.5% | 15 |
| 3 beds | AED 3.73M | AED 190,000/yrthis building · 118 new lets | 5.1% | 16 |
| 4 beds | AED 6.45M | AED 312,857/yrthis building · 18 new lets | 4.9% | 2 |
Why this is lower than yields quoted elsewhere
The usual shortcut divides today’s rent by an average price. In a market that has risen as far as Dubai’s, the average is a historical price. Worked out with the typical price across every sale on record (AED 516.15K), a studio here reads 10.7% instead of 7.4%. The yield in the table above uses the AED 745K a completed one costs today. Every figure above uses the same twelve months, and completed homes only, on both sides.
What it returns after service charges
Starting from this building’s own owners’ association budget for 2026 — AED 5/sqft, as recorded with the Land Department. Charges have risen since then, so replace it with your own invoice if you have one. How to check it.
| Size | Charge / year | Rent after it | Yield before costs | Yield after service charge |
|---|---|---|---|---|
| Studio | AED 1,909 | AED 53,091 | 7.4% | 7.1% |
| 1 bed | AED 3,681 | AED 76,319 | 5.9% | 5.6% |
| 2 beds | AED 5,447 | AED 154,553 | 5.5% | 5.3% |
| 3 beds | AED 6,703 | AED 183,297 | 5.1% | 4.9% |
Only the service charge is taken off.
Reserve fund: AED 0.2/sqft of the AED 4.6/sqft recorded for 2026.
Yield before costs: a year of rent as a share of the price.
Dubai Land Department · recorded sales Sales on record with the Land Department · typical prices, not estimates. Half of the sales were above a typical price, half below. File dated 8 Oct 2026 · synced 8 Oct 2026.
Dubai Land Department · rent contracts Ejari (Dubai's rent registration system) contracts · agreed rents, not advertised ones. File dated 10 Oct 2026 · synced 11 Oct 2026.
Dubai Land Department · association budgets Owners' association budgets, as recorded · a budget figure, not a price. File dated 22 Sep 2026 · synced 24 Sep 2026.
Common questions about Mag Eye Phase 1
How much does a home in Mag Eye Phase 1 cost?
Over the last twelve months, the typical price (the median: half sold for more than this, half for less) of a completed home in Mag Eye Phase 1 was AED 745K for a studio (36 ready sales), AED 1.36M for a 1-bedroom (27 ready sales), AED 2.93M for a 2-bedroom (15 ready sales) and AED 3.73M for a 3-bedroom (16 ready sales). These come from sales recorded by the Dubai Land Department. They are what buyers paid, not asking prices. Only completed homes are counted: off-plan sales are left out, because they sell at a premium and are not the same purchase.
How much is rent in Mag Eye Phase 1?
The typical rent (the median: half of the rent contracts were above this, half below) in Mag Eye Phase 1 is AED 55,000/yr for a studio (266 new tenancies recorded in Mag Eye Phase 1 itself), AED 80,000/yr for a 1-bedroom (133 new tenancies recorded in Mag Eye Phase 1 itself), AED 160,000/yr for a 2-bedroom (119 new tenancies recorded in Mag Eye Phase 1 itself) and AED 190,000/yr for a 3-bedroom (118 new tenancies recorded in Mag Eye Phase 1 itself). These rents come from the new rent contracts recorded in Ejari (Dubai's rent registration system) over the last twelve months. They are what tenants agreed to pay, not advertised asking rents. Ejari names the building on these contracts, so every figure above is a tenancy recorded in Mag Eye Phase 1 itself.
What rental yield does Mag Eye Phase 1 give?
The yield before costs on completed homes in Mag Eye Phase 1 is about 7.4% on a studio, 5.9% on a 1-bedroom, 5.5% on a 2-bedroom and 5.1% on a 3-bedroom. That is a year of rent divided by what completed homes of that size sold for over the same twelve months. Rent and price both come from the same period, which is why these read lower than yields quoted against an all-time average price. Service charges, agency commission and empty periods are not taken off, and in Dubai the service charge alone commonly takes a fifth to a third of the rent.
Is Mag Eye Phase 1 selling off-plan or as resales?
0% of the 100 home sales recorded in Mag Eye Phase 1 in the 12 months to 7 Oct 2026 were off-plan, and the rest were recorded as existing property rather than off-plan. That period ends at this project's own newest recorded home sale rather than today, so a development that finished selling years ago still reports the year it was actually trading.
When did Mag Eye Phase 1 start selling?
The Land Department's register holds 2,327 home sales in Mag Eye Phase 1. The earliest was recorded in Mar 2019 and the newest in Oct 2026. That is when a home sale here was first recorded. It is not the same as when the project launched or completed: the register of sales carries no build date, so we do not publish one.
Due diligence
Price vs. Dubai Hills typical price
-29.1%
Priced at or below the area's typical price. Aug 2026: 5 sales here against 144 in the area.
Developer track record
6,528 recorded sales
Matched to Mag Property Development L.L.C, across the 8 companies Keyva groups under that name, Jan 2010 to 7 Oct 2026.
5 completed · 3 off-plan/in progress
Full track record →Verify before you commit
Permit, title, broker license, escrow — the free checks you can run yourself.
Verification guide →Dubai Land Department · recorded sales Sales on record with the Land Department · typical prices, not estimates. Half of the sales were above a typical price, half below. File dated 8 Oct 2026 · synced 8 Oct 2026.
Dubai Land Department · project register The Land Department's project register · the status as the developer recorded it. File dated 15 Jun 2026 · synced 26 Sep 2026. The file date is the date carried on the rows themselves; the sync is when Keyva last loaded that file.
Dubai Land Department · developer register The Land Department's developer register. File dated 1 Oct 2026 · synced 3 Oct 2026.
Handover competition
Moderate competitionWhen Mag Eye Phase 1 handed over in February 2023, 4 other projects in Dubai Hills had a handover date on record within six months either side — a reference point for how crowded that period was. The Land Department's projects file of 15 Jun 2026 lists 33 other projects in Dubai Hills as not yet finished. None of the 4 listed below is among them.
Golf Grove
Dubai Hills Estate L.L.C
Golf Suites - Dubai Hills
Dubai Hills Estate L.L.C
Socio
Dubai Hills Estate L.L.C
Golf Place
Dubai Hills Estate L.L.C
Dubai Land Department · project register The Land Department's project register · the status as the developer recorded it. File dated 15 Jun 2026 · synced 26 Sep 2026. The file date is the date carried on the rows themselves; the sync is when Keyva last loaded that file.
What's around this property
Transport, schools, healthcare, and daily essentials within 3 km.
606 m
GEMS International School, Al Khail
929 m
Kings Hospital
1.3 km
Carrefour Market
Schools
- GEMS International School, Al Khail606 m
- GEMS New Millenium School636 m
- GEMS Wellington Academy765 m
Hospitals & clinics
- Kings Hospital929 m
Supermarkets
- Carrefour Market1.3 km
- Jubilee Supermarket1.4 km
- Spinneys1.5 km
- Abdula Grocery1.5 km
Bus stops
- AL quoz 21.2 km
- Ducast Factory1.6 km
- Le Meridien Hotel Accomodation1.6 km
- Le Meridien Hotel Accomodation1.6 km
Pharmacies
- Nahdi Pharmacy1.4 km
Malls
- Dubai Hills Mall2.8 km
- Grand City Mall3.0 km
Parks
- Enoc Park1.5 km
- enoc park1.6 km
- enoc Park1.6 km
- Dubai Hills Park1.7 km
Mosques
- Al Qouz Mini Mosque1.5 km
- Al Khail Mosque at Phase 12.8 km
- Al Khail Gate Mosque2.8 km
- Masjid Aysha2.9 km
Straight-line distances — actual walking or driving routes will be longer. Measured from the centre of Hadaeq Sheikh Mohammed Bin Rashid — we couldn't pin this project's exact address, so treat these as area-level, not door-to-door. Places data from OpenStreetMap.
Buildings in this project
Priced from each tower’s own recorded sales, rather than the project’s typical price above.
Dubai Land Department · building register The Land Department's building register. File dated 5 Oct 2026 · synced 5 Oct 2026.
Dubai Land Department · recorded sales Sales on record with the Land Department · typical prices, not estimates. Half of the sales were above a typical price, half below. File dated 8 Oct 2026 · synced 8 Oct 2026.
Other projects in Dubai Hills
Each price is the project’s newest month with 5 or more recorded home sales, from Oct 2025 to 7 Oct 2026. Priced projects first, then the most home sales from Nov 2025 to 7 Oct 2026, then A–Z. Where a project has no month with that many, its newest month with any sale is shown instead, with a red (i) and its count.
Dubai Hills Estate L.L.C
Sep 2026 · 10 home sales
Unknown developer
Apr 2026 · 10 home sales
Dubai Hills Estate L.L.C
Sep 2026 · 17 home sales
Dubai Hills Estate L.L.C
Feb 2026 · 17 home sales
Dubai Hills Estate L.L.C
Apr 2026 · 9 home sales
Dubai Land Department · recorded sales Sales on record with the Land Department · typical prices, not estimates. Half of the sales were above a typical price, half below. File dated 8 Oct 2026 · synced 8 Oct 2026.
Seen a listing for this?
Put the asking price beside what comparable homes actually sold for, and check the agent against the Land Department’s register of licensed brokers. Free, no sign-in.
Buying in Mag Eye Phase 1?
Everything above is free and stays free. What this page cannot tell you is what your unit is worth — the typical price here covers every size at once, and a two-bedroom can be 1,062 or 1,558 sqft. Our report matches comparable sales to one unit's size, and adds the three checks that need a person to look things up in the Land Department's own systems on the day: the agent's licence, the project's escrow, and its registered status.