# Mag Eye Phase 1

Mag Eye Phase 1 is a project by Mag Eye Real Estate Development - Fz, recorded at 100% complete at its last Dubai Land Department inspection. 104 sales registered in the trailing 12 months at a median AED 1.30M (1 850 AED per square foot). Registry facts come from DLD; prices are registered transactions, not asking prices.

## Registry record

| Field | Value | Provenance |
|---|---|---|
| Developer | Mag Eye Real Estate Development - Fz | DLD verified |
| Status | Finished | DLD verified |
| Construction progress | 100% | DLD verified |
| Registered with DLD | 25 Mar 2018 | DLD verified |
| Construction started | 1 May 2018 | DLD verified |
| Declared completion | 16 Aug 2024 | DLD verified |
| Units in the project | 128 | DLD verified |
| Project area | 5 780 sqm | DLD verified |
| Escrow agent | Emirates Nbd Bank  (P.J.S.C) | DLD verified |
| Project number | 2033 | DLD verified |

Mag Eye Phase 1 is a project by Mag Eye Real Estate Development - Fz, recorded at 100% complete at its last Dubai Land Department inspection. 104 sales registered in the trailing 12 months at a median AED 1.30M (1 850 AED per square foot). Registry facts come from DLD; prices are registered transactions, not asking prices.

| Measure | Value | Year on year |
|---|---|---|
| Median sale price | AED 1.30M | +0.0% |
| Interquartile range | AED 780k – AED 2.88M | |
| Median price per sqft | 1 850 AED | +3.9% |
| Registered sales, 12 months | 104 | -64.0% |
| Off-plan share | 0.0% | |

## By number of bedrooms

| Homes | Sales | Median price | Median AED/sqft | Median size | Median rent | Gross yield |
|---|---|---|---|---|---|---|
| Studios | 42 | AED 760k | 1 816 | 411 sqft | — | — |
| 1-bedroom apartments | 29 | AED 1.35M | 1 623 | 802 sqft | — | — |
| 2-bedroom apartments | 16 | AED 2.94M | 2 233 | 1 309 sqft | — | — |
| 3-bedroom apartments | 15 | AED 3.70M | 2 533 | 1 460 sqft | — | — |
| 4-bedroom apartments | 2 | — | — | — | — | — |

## Price per square foot by month

| Month | Sales | Median AED/sqft | IQR |
|---|---|---|---|
| Aug 2026 | 5 | 1 582 | 1 520 – 2 127 |
| Jul 2026 | 6 | 1 729 | 1 690 – 1 754 |
| Jun 2026 | 7 | 1 654 | 1 514 – 1 927 |
| May 2026 | 4 | insufficient data | |
| Apr 2026 | 8 | 1 585 | 1 468 – 1 700 |
| Mar 2026 | 4 | insufficient data | |
| Feb 2026 | 18 | 1 927 | 1 808 – 2 130 |
| Jan 2026 | 8 | 1 908 | 1 870 – 1 959 |
| Dec 2025 | 15 | 1 816 | 1 731 – 1 988 |
| Nov 2025 | 7 | 1 719 | 1 587 – 1 839 |
| Oct 2025 | 13 | 1 882 | 1 775 – 2 269 |
| Sep 2025 | 15 | 1 824 | 1 724 – 1 878 |
| Aug 2025 | 7 | 1 804 | 1 752 – 2 145 |

## What these numbers do not show

- Prices from the developer. Nothing here is a price list, a payment plan or availability — these are transactions already registered with DLD.
- Whether construction is moving. The completion percentage is the figure recorded at the last technical inspection, and inspections are irregular: an unchanged number does not mean work stopped.
- A handover promise. The declared completion date is a registry field, not a commitment.
- Asking prices. Everything here is a registered transaction; what a home was listed at is a different number.
- Off-market and cash-equivalent deals that never reach the registry, and the price actually negotiated before registration.
- Service charges, chiller fees, agency commission, DLD transfer fees or mortgage costs — none of them are inside these prices.

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**Source:** Dubai Land Department open data, compiled by Continental Club Property  
**Data through:** 22 Oct 2026  
**Methodology:** https://datadubai.ae/methodology/ (v1.0)  
**License:** Reuse permitted with attribution  
**Canonical:** https://datadubai.ae/projects/mag-eye-phase-1/  
**Suggested citation:** Continental Club Property, "Mag Eye Phase 1", Dubai Data, data through 22 Oct 2026, https://datadubai.ae/projects/mag-eye-phase-1/  
**Disclaimer:** Registered transactions, not asking prices. Not investment advice, not a valuation. Not affiliated with or endorsed by the Dubai Land Department.