MAG EYE Phase 1Mohammed Bin Rashid City

756,265 AEDmarket

1,844 AED/ft²

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Delivered: Q3 2024

Completed

MAG EYE Phase 1

Mohammed Bin Rashid City

Studio, 1 - 4 BedsMultiple

Launch price

410,000 AED

Payment Plan: 10/50/-

MAG EYE Phase 1

Mohammed Bin Rashid City

Studio, 1 - 4 BedsMultiple

Launch price

410,000 AED

Payment Plan: 10/50/-

MAG EYE Phase 1

Mohammed Bin Rashid City

by MAG Group

Booking

10%

Booking

Construction

50%

Construction

Handover

Local Information

Description

MAG EYE Phase 1 offers apartments and townhouses for sale in Mohammed Bin Rashid City, a completed residential development by MAG Group. This phase comprises 881 apartments and 694 townhouses, providing diverse living options. The project features studios, one, and two-bedroom apartments, alongside two, three, and four-bedroom townhouses. Handover for the development began in 2024, with the project now fully delivered. A payment plan was structured with a 10% deposit, 50% during construction, and 40% post-handover over 24 months. The community is located in District 7, offering access to major roads like Meydan Road and Al Khail Road. It is situated near prominent landmarks including Meydan Racecourse, Burj Khalifa, and Dubai Mall. Nearby educational institutions include Al Ittihad Private School and GEMS International School Al Khail.

Price History for MAG EYE Phase 1

Comparable Projects in Mohammed Bin Rashid City

Project	Price per ft²	Construction	Handover	Developer
District One Residences 19Meydan Group 1,060 AED/ft² 100% Q4 2022	District One Residences 19	1,060 AED/ft²	100%	Q4 2022
Lagoon Views at District OneMeydan Group 1,931 AED/ft² 100% Q1 2025	Lagoon Views at District One	1,931 AED/ft²	100%	Q1 2025
District One Residences 8Meydan Group 1,539 AED/ft² 100% Q4 2023	District One Residences 8	1,539 AED/ft²	100%	Q4 2023
District One Residences 11Meydan Group 1,631 AED/ft² 100% Q4 2023	District One Residences 11	1,631 AED/ft²	100%	Q4 2023
District One B VillasMeydan Group - 100% Q2 2024	District One B Villas	-	100%	Q2 2024

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Unit Plot Map for MAG EYE Phase 1

What's Available for MAG EYE Phase 1

Unit #	Type	Beds	From	Built-up	Int. Area	Ext. Area	Floor
No units to display

No units to display

Price Trends

For units in Mohammed Bin Rashid City

Affordability

Assigned Schools

Neighborhood Overview

Mohammed Bin Rashid City

53 Buildings For You

Buy: AED 314K - 30.0M

YoY Price Change: -6.2%

Gross Yield: No rental data available yet

Neighborhood stats provided by Dubai Land Department.

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FAQ

MAG EYE Phase 1 is a fully delivered development, with the official handover of units completed on August 15, 2024. The project is now operational and ready for occupancy.

The project comprises a total of 1,575 residential units, consisting of 881 apartments and 694 townhouses. The apartment mix includes studios, one, and two-bedroom units, while the townhouses offer two, three, and four-bedroom layouts.

This development is situated in District 7 of Mohammed Bin Rashid City. The community provides access to major arterial routes, including Meydan Road and Al Khail Road, facilitating connectivity to key city landmarks.

MAG Group is the developer of MAG EYE Phase 1. The company is a long-standing UAE-based conglomerate with a portfolio spanning residential, commercial, and industrial sectors.