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MAG EYE Phase 1

Completed

Developed by MAG EYE REAL ESTATE DEVELOPMENT - FZ. Located in Hadaeq Sheikh Mohammed Bin Rashid.

Construction progress100%Expected 1 Feb 2023
Units9048 buildings · 694 villas
Registered sales2,368116 in the last 12 months
Median sale priceAED 1.16MMedian of registered salesAED 1,223/sqft

Registry record

Project number
2033
Name on the register
ماج آي المرحلة 1
Developer
MAG EYE REAL ESTATE DEVELOPMENT - FZ
Master developer
مجموعة ميدان (ش.ذ.م.م)
Escrow agent
EMIRATES NBD BANK (P.J.S.C)
Zoning authority
Dubai Municipality
Master project
HADAEQ SHEIKH MOHAMMED BIN RASHID - DISRICT 7
Start date
1 May 2018
Expected completion
16 Aug 2024
Actual completion
1 Feb 2023
Cancelled
Not recorded
Plots
48
Progress
100%

8X (B+G+8+R) Residential Building & 694 townhouses G+1.The project designed to have a concrete structure and block with internal and external finishes.

Sales evidence

Median size
814 sqft
Median price per sqft
AED 1,223/sqft
Total value transacted
AED 3.19B
Off-plan vs ready
1,888 off-plan · 480 ready
First sale
5 Mar 2018
Latest sale
17 Aug 2026

Registered sales in this project

All sales
Registered property transactions from the Dubai Land Department
DateCommunityProject / buildingTypeBedsSizePrice/sqftPrice
17 Aug 2026Hadaeq Sheikh Mohammed Bin RashidMAG EYE Phase 1HADAEQ SHEIKH MOHAMMED BIN RASHID - DISRICT 7FlatExisting Properties1 B/R796 sqftAED 1,520/sqftAED 1,210,000
14 Aug 2026Hadaeq Sheikh Mohammed Bin RashidMAG EYE Phase 1HADAEQ SHEIKH MOHAMMED BIN RASHID - DISRICT 7VillaExisting Properties2 B/R1,411 sqftAED 2,127/sqftAED 3,000,000
10 Aug 2026Hadaeq Sheikh Mohammed Bin RashidMAG EYE Phase 1HADAEQ SHEIKH MOHAMMED BIN RASHID - DISRICT 7FlatExisting PropertiesStudio394 sqftAED 72/sqftAED 28,537
10 Aug 2026Hadaeq Sheikh Mohammed Bin RashidMAG EYE Phase 1HADAEQ SHEIKH MOHAMMED BIN RASHID - DISRICT 7FlatExisting PropertiesStudio394 sqftAED 84/sqftAED 33,115
7 Aug 2026Hadaeq Sheikh Mohammed Bin RashidMAG EYE Phase 1HADAEQ SHEIKH MOHAMMED BIN RASHID - DISRICT 7FlatExisting PropertiesStudio413 sqftAED 72/sqftAED 29,523
4 Aug 2026Hadaeq Sheikh Mohammed Bin RashidMAG EYE Phase 1HADAEQ SHEIKH MOHAMMED BIN RASHID - DISRICT 7FlatExisting Properties1 B/R746 sqftAED 1,582/sqftAED 1,180,000
28 Jul 2026Hadaeq Sheikh Mohammed Bin RashidMAG EYE Phase 1HADAEQ SHEIKH MOHAMMED BIN RASHID - DISRICT 7FlatExisting PropertiesStudio411 sqftAED 84/sqftAED 34,564
27 Jul 2026Hadaeq Sheikh Mohammed Bin RashidMAG EYE Phase 1HADAEQ SHEIKH MOHAMMED BIN RASHID - DISRICT 7FlatExisting PropertiesStudio416 sqftAED 140/sqftAED 58,329
24 Jul 2026Hadaeq Sheikh Mohammed Bin RashidMAG EYE Phase 1HADAEQ SHEIKH MOHAMMED BIN RASHID - DISRICT 7FlatExisting PropertiesStudio416 sqftAED 1,755/sqftAED 730,000
22 Jul 2026Hadaeq Sheikh Mohammed Bin RashidMAG EYE Phase 1HADAEQ SHEIKH MOHAMMED BIN RASHID - DISRICT 7FlatExisting PropertiesStudio415 sqftAED 1,685/sqftAED 700,000
15 Jul 2026Hadaeq Sheikh Mohammed Bin RashidMAG EYE Phase 1HADAEQ SHEIKH MOHAMMED BIN RASHID - DISRICT 7FlatExisting PropertiesStudio394 sqftAED 1,751/sqftAED 690,000
13 Jul 2026Hadaeq Sheikh Mohammed Bin RashidMAG EYE Phase 1HADAEQ SHEIKH MOHAMMED BIN RASHID - DISRICT 7FlatExisting Properties1 B/R802 sqftAED 1,433/sqftAED 1,150,000
8 Jul 2026Hadaeq Sheikh Mohammed Bin RashidMAG EYE Phase 1HADAEQ SHEIKH MOHAMMED BIN RASHID - DISRICT 7VillaExisting Properties3 B/R1,392 sqftAED 2,551/sqftAED 3,550,000
8 Jul 2026Hadaeq Sheikh Mohammed Bin RashidMAG EYE Phase 1HADAEQ SHEIKH MOHAMMED BIN RASHID - DISRICT 7FlatExisting PropertiesStudio410 sqftAED 1,707/sqftAED 700,000
30 Jun 2026Hadaeq Sheikh Mohammed Bin RashidMAG EYE Phase 1HADAEQ SHEIKH MOHAMMED BIN RASHID - DISRICT 7FlatExisting Properties1 B/R746 sqftAED 1,515/sqftAED 1,130,000
29 Jun 2026Hadaeq Sheikh Mohammed Bin RashidMAG EYE Phase 1HADAEQ SHEIKH MOHAMMED BIN RASHID - DISRICT 7FlatExisting PropertiesStudio411 sqftAED 1,654/sqftAED 680,000
29 Jun 2026Hadaeq Sheikh Mohammed Bin RashidMAG EYE Phase 1HADAEQ SHEIKH MOHAMMED BIN RASHID - DISRICT 7VillaExisting Properties3 B/R1,479 sqftAED 2,536/sqftAED 3,750,000
24 Jun 2026Hadaeq Sheikh Mohammed Bin RashidMAG EYE Phase 1HADAEQ SHEIKH MOHAMMED BIN RASHID - DISRICT 7FlatExisting Properties1 B/R796 sqftAED 1,382/sqftAED 1,100,000
19 Jun 2026Hadaeq Sheikh Mohammed Bin RashidMAG EYE Phase 1HADAEQ SHEIKH MOHAMMED BIN RASHID - DISRICT 7FlatExisting PropertiesStudio414 sqftAED 1,656/sqftAED 685,000
17 Jun 2026Hadaeq Sheikh Mohammed Bin RashidMAG EYE Phase 1HADAEQ SHEIKH MOHAMMED BIN RASHID - DISRICT 7FlatExisting Properties1 B/R793 sqftAED 1,513/sqftAED 1,200,000
10 Jun 2026Hadaeq Sheikh Mohammed Bin RashidMAG EYE Phase 1HADAEQ SHEIKH MOHAMMED BIN RASHID - DISRICT 7VillaExisting Properties2 B/R1,411 sqftAED 2,198/sqftAED 3,100,000
14 May 2026Hadaeq Sheikh Mohammed Bin RashidMAG EYE Phase 1HADAEQ SHEIKH MOHAMMED BIN RASHID - DISRICT 7VillaExisting Properties3 B/R1,460 sqftAED 2,448/sqftAED 3,575,000
12 May 2026Hadaeq Sheikh Mohammed Bin RashidMAG EYE Phase 1HADAEQ SHEIKH MOHAMMED BIN RASHID - DISRICT 7VillaExisting Properties2 B/R705 sqftAED 942/sqftAED 664,651
12 May 2026Hadaeq Sheikh Mohammed Bin RashidMAG EYE Phase 1HADAEQ SHEIKH MOHAMMED BIN RASHID - DISRICT 7FlatExisting PropertiesStudio388 sqftAED 2,065/sqftAED 800,000
4 May 2026Hadaeq Sheikh Mohammed Bin RashidMAG EYE Phase 1HADAEQ SHEIKH MOHAMMED BIN RASHID - DISRICT 7VillaExisting Properties3 B/R1,476 sqftAED 2,438/sqftAED 3,600,000

Source: Dubai Land Department open data, retrieved from the Digital Dubai data.dubai platform. Figures cover registered transactions and Ejari-registered tenancy contracts, and are statistical summaries of public record — not a valuation of any individual property. Registration data can be amended or backdated by the source after first publication.