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 1,890

    Avg Price / sqft

    AED 1.8M

    Avg Sale Price

    66

    DLD Sales Recorded

    6.8%

    Est. Gross Yield

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    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 66 sales in the building, at an average price of AED 1.8M — around AED 1,890 per square foot.

    Since January 2026, 66 sales completed in Mag Eye Phase 1, with the average price per square foot moving from AED 1,978 to AED 2,168 (+9.6%). That upward drift suggests sellers currently hold pricing power here.

    Benchmarked against average residential rents in Hadaeq Sheikh Mohammed Bin Rashid, a typical unit in Mag Eye Phase 1 returns an estimated 6.8% 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+9.6%

    1,6591,9332,208Jan 26: AED 1,978/sqft · 9 salesJan 26Feb 26: AED 1,998/sqft · 17 salesMar 26: AED 2,299/sqft · 4 salesMar 26Apr 26: AED 1,567/sqft · 8 salesMay 26: AED 1,808/sqft · 4 salesMay 26Jun 26: AED 1,779/sqft · 7 salesJul 26: AED 1,814/sqft · 6 salesJul 26Aug 26: AED 1,784/sqft · 5 salesSep 26: AED 1,848/sqft · 4 salesSep 26Oct 26: AED 2,168/sqft · 2 sales

    Unit types

    Prices by unit type

    Studio

    AED 723K

    AED 1,762/sqft

    23 sales · last 12 months

    1 Bed

    AED 1.3M

    AED 1,634/sqft

    20 sales · last 12 months

    2 Bed

    AED 2.7M

    AED 2,060/sqft

    10 sales · last 12 months

    3 Bed

    AED 3.6M

    AED 2,377/sqft

    13 sales · last 12 months

    Transactions

    Recent sold prices

    DateTypeBedsSize (sqft)PriceAED/sqft
    05 Oct 2026Sales31,460AED 3.8MAED 2,594
    02 Oct 2026Sales0416AED 725KAED 1,742
    21 Sept 2026Sales1836AED 1.4MAED 1,622
    10 Sept 2026Sales31,392AED 3.6MAED 2,609
    07 Sept 2026Sales0411AED 600KAED 1,459
    07 Sept 2026Sales0412AED 700KAED 1,700
    31 Aug 2026Sales21,187AED 2.7MAED 2,284
    24 Aug 2026Sales1871AED 1.2MAED 1,407
    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

    About the area

    Mag Eye Phase 1 is in Dubai Hills Estate

    Dubai Hills Estate is an emerging community that combines modern living with a focus on sustainability and green spaces. Developed by Emaar Properties, this well-planned development is situated within the expansive Mohammed Bin Rashid City, making it ideal for families and professionals seeking a serene residential experience without compromising connectivity to the city's dynamic hubs.

    Explore the Dubai Hills Estate area guide

    Nearby

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    Vida Residences Hillside

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    Elvira

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    Park Horizon

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    Rosehill

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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 1,890 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 risen +9.6% per square foot since January 2026, across 66 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 6.8% gross per year, before service charges and fees.

    How many properties have sold in Mag Eye Phase 1?

    66 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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