Mag Eye Phase 1, Hadaeq Sheikh Mohammed Bin Rashid

    Sold Prices · DLD Data

    Mag Eye Phase 1

    Hadaeq Sheikh Mohammed Bin Rashid, Dubai · Hadaeq Sheikh Mohammed Bin Rashid - Disrict 7

    AED 1,884

    Avg Price / sqft

    AED 1.8M

    Avg Sale Price

    58

    DLD Sales Recorded

    7.1%

    Est. Gross Yield

    View listings Explore Mohammed Bin Rashid City

    Market snapshot

    Mag Eye Phase 1 — the numbers

    Mag Eye Phase 1 is a residential building in Hadaeq Sheikh Mohammed Bin Rashid, Dubai with approximately 904 units. Dubai Land Department records show 58 sales in the building, at an average price of AED 1.8M — around AED 1,884 per square foot.

    Since January 2026, 58 sales completed in Mag Eye Phase 1, with the average price per square foot moving from AED 1,978 to AED 1,743 (-11.9%). That softening can open negotiating room for buyers.

    Benchmarked against average residential rents in Hadaeq Sheikh Mohammed Bin Rashid, a typical unit in Mag Eye Phase 1 returns an estimated 7.1% gross rental yield before service charges — a useful starting point for investors comparing towers across Hadaeq Sheikh Mohammed Bin Rashid.

    Figures are from Dubai Land Department transaction records for Mag Eye Phase 1; individual units vary by floor, view and finish. Gross yield is estimated against average Hadaeq Sheikh Mohammed Bin Rashid residential rents, before service charges.

    Price trend

    Price trend in Mag Eye Phase 1

    Average sale price per sqft by month since January 2026-11.9%

    1,6591,9332,208Jan 26: AED 1,978/sqft · 9 salesJan 26Feb 26: AED 1,998/sqft · 17 salesFeb 26Mar 26: AED 2,299/sqft · 4 salesMar 26Apr 26: AED 1,567/sqft · 8 salesApr 26May 26: AED 1,808/sqft · 4 salesMay 26Jun 26: AED 1,779/sqft · 7 salesJun 26Jul 26: AED 1,814/sqft · 6 salesJul 26Aug 26: AED 1,743/sqft · 3 salesAug 26

    Unit types

    Prices by unit type

    Studio

    AED 730K

    AED 1,781/sqft

    20 sales · last 12 months

    1 Bed

    AED 1.3M

    AED 1,648/sqft

    18 sales · last 12 months

    2 Bed

    AED 2.7M

    AED 2,035/sqft

    9 sales · last 12 months

    3 Bed

    AED 3.5M

    AED 2,336/sqft

    11 sales · last 12 months

    Transactions

    Recent sold prices

    DateTypeBedsSize (sqft)PriceAED/sqft
    17 Aug 2026Sales1796AED 1.2MAED 1,520
    14 Aug 2026Sales21,411AED 3.0MAED 2,127
    04 Aug 2026Sales1746AED 1.2MAED 1,582
    23 Jul 2026Sales0416AED 730KAED 1,755
    22 Jul 2026Sales0415AED 700KAED 1,685
    15 Jul 2026Sales0394AED 690KAED 1,751
    12 Jul 2026Sales1802AED 1.1MAED 1,433
    08 Jul 2026Sales31,392AED 3.5MAED 2,551
    07 Jul 2026Sales0410AED 700KAED 1,707
    30 Jun 2026Sales1746AED 1.1MAED 1,515
    29 Jun 2026Sales0411AED 680KAED 1,654
    26 Jun 2026Sales31,479AED 3.8MAED 2,536
    24 Jun 2026Sales1796AED 1.1MAED 1,382
    19 Jun 2026Sales0414AED 685KAED 1,656
    17 Jun 2026Sales1793AED 1.2MAED 1,513
    10 Jun 2026Sales21,411AED 3.1MAED 2,198
    14 May 2026Sales31,460AED 3.6MAED 2,448
    12 May 2026Sales21,411AED 665KAED 471
    12 May 2026Sales0427AED 800KAED 1,874
    01 May 2026Sales31,476AED 3.6MAED 2,438

    About the area

    Mag Eye Phase 1 is in Mohammed Bin Rashid City

    Mohammed Bin Rashid City, often referred to as MBR City, is a visionary development in Dubai spearheaded by renowned developers such as Meraas and Sobha Realty. This expansive community is designed to embody luxury and innovation, offering a harmonious blend of residential, commercial, and leisure spaces.

    Explore the Mohammed Bin Rashid City area guide

    Nearby

    Other buildings in Hadaeq Sheikh Mohammed Bin Rashid

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    Greencrest

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    Rosehill

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    Elvira

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    Park Horizon

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    Vida Residences Hillside

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    Greenside Residence

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    Park Ridge

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    FAQ

    Mag Eye Phase 1: frequently asked questions

    What is the average price in Mag Eye Phase 1?

    The average recorded sale price in Mag Eye Phase 1, Hadaeq Sheikh Mohammed Bin Rashid is AED 1.8M, around AED 1,884 per square foot, based on Dubai Land Department transaction data.

    Are prices in Mag Eye Phase 1 going up or down?

    Average sale prices in Mag Eye Phase 1 have eased -11.9% per square foot since January 2026, across 58 DLD-recorded sales.

    What rental yield can I expect in Mag Eye Phase 1?

    Based on average Hadaeq Sheikh Mohammed Bin Rashid residential rents against sale prices in the building, a typical unit in Mag Eye Phase 1 yields roughly 7.1% gross per year, before service charges and fees.

    How many properties have sold in Mag Eye Phase 1?

    58 sales have been recorded in Mag Eye Phase 1 according to DLD data, across approximately 904 units.

    Considering Mag Eye Phase 1?

    Get honest, DLD-backed guidance on pricing, yields and availability in Hadaeq Sheikh Mohammed Bin Rashid from Binayah's advisors — no pressure, just the numbers.

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