Area view, not a building-specific photograph
MAG Eye Phase 1, Dubai
Homes sold for a median AED 1,700 per sq ft. There were 43 sales in the last 12 months.
Finished project in the register in Dubai Hills Estate. Part of HADAEQ SHEIKH MOHAMMED BIN RASHID - DISRICT 7. A typical studio sold for AED 700,000.
Get a price for MAG Eye Phase 1- Median sold price
- AED 1,700
- Per sq ft, 12 months to 5 Oct 2026
- Change in a year
- -18.0%
- ↓ −18.0%
- Registered sales
- 43
- 12 months
- Lowest recent sale
- AED 600,000
- Recent sales shown below
- Typical price
- StudioAED 700,0001BRAED 1.2M2BRAED 2.83M
- Rounded registered medians, the last 12 months to 5 Oct 2026
Price per sq ft over five years
Median sold price each quarter, against the Dubai Hills Estate median. Gaps mean fewer than 3 sales that quarter.
MAG Eye Phase 11,622Last recorded: 2026 Q3
Dubai Hills Estate median2,274Last recorded: 2026 Q3
Exact registered values are available in the data table below.
View chart data
| Period | MAG Eye Phase 1 | Dubai Hills Estate median |
|---|---|---|
| 2021 Q4 | 1,222 | 1,345 |
| 2022 Q1 | 1,327 | 1,449 |
| 2022 Q2 | 1,438 | 1,472 |
| 2022 Q3 | 1,504 | 1,715 |
| 2022 Q4 | 1,371 | 1,751 |
| 2023 Q1 | 1,346 | 1,880 |
| 2023 Q2 | 1,609 | 1,951 |
| 2023 Q3 | 1,669 | 1,931 |
| 2023 Q4 | 1,900 | 2,086 |
| 2024 Q1 | 1,770 | 2,132 |
| 2024 Q2 | 1,980 | 2,219 |
| 2024 Q3 | 1,985 | 2,376 |
| 2024 Q4 | 2,021 | 2,287 |
| 2025 Q1 | 1,998 | 2,347 |
| 2025 Q2 | 2,109 | 2,441 |
| 2025 Q3 | 2,162 | 2,444 |
| 2025 Q4 | 2,277 | 2,418 |
| 2026 Q1 | 1,921 | 2,418 |
| 2026 Q2 | 1,585 | 2,323 |
| 2026 Q3 | 1,622 | 2,274 |
Source: Land Department open data, 5 Oct 2026. Prices describe homes sold, not a valuation.
By number of bedrooms
Compare the median price paid for each home size.
| Home | Sales | Median price, rounded | Size, sq ft | AED per sq ft | Area rent a year | Rent-to-price comparison |
|---|---|---|---|---|---|---|
| Studio | 19 | AED 700,000 | 412 | 1,699 | AED 72,000 | 10.3% |
| 1 bedroom | 11 | AED 1.2M | 802 | 1,496 | AED 90,000 | 7.5% |
| 2 bedrooms | 5 | AED 2.83M | 1,208 | 2,339 | AED 140,000 | 5.0% |
| 3 bedrooms | 6 | AED 3.79M | 1,468 | 2,578 | AED 245,500 | 6.5% |
Source: Land Department open data. Sale medians cover the last 12 months, to 5 Oct 2026. Rent source: Dubai Data (datadubai.ae), Continental Club Property. Area rents: Ejari, Dubai Hills Estate.
Rents cover the whole community, not this building alone. They are the median Ejari rent for each home size. The rent-to-price comparison uses area rent and this building's sale median, before costs. It is not an observed building lease yield. Publisher contract sample, register data to 22 Oct 2026; the lease period is not stated.
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Latest registered sales
Compare the recorded prices, sizes and dates of the MAG Eye Phase 1 sales shown below.
| 2026-10-02 | Studio | Ready | 416 | 725,000 | 1,743 |
| 2026-09-21 | 1 bedroom | Ready | 836 | 1,356,600 | 1,623 |
| 2026-09-07 | Studio | Ready | 411 | 600,000 | 1,460 |
| 2026-09-07 | Studio | Ready | 412 | 700,000 | 1,699 |
| 2026-08-24 | 1 bedroom | Ready | 871 | 1,225,000 | 1,406 |
| 2026-08-17 | 1 bedroom | Ready | 796 | 1,210,000 | 1,520 |
| 2026-08-04 | 1 bedroom | Ready | 746 | 1,180,000 | 1,582 |
| 2026-07-23 | Studio | Ready | 416 | 730,000 | 1,755 |
Source: Land Department open data, 5 Oct 2026. Records don't include unit numbers, so individual homes can't be identified.
What a studio in MAG Eye Phase 1 really costs
Use your purchase price, rent and charges to compare the cash needed and income after costs.
These inputs are examples. Sale medians and community rents help you start. They are not a quote for a home for sale.
Where your purchase costs go
The chart shows how the one-off purchase fees are divided for your inputs.
- Cash you need on day one
- AED 747,480
- Net yield after costs
- Add your service charge
| DLD transfer fee | AED 28,000 |
|---|---|
| DLD admin fee | AED 580 |
| Registration trustee fee (incl. VAT) | AED 4,200 |
| Agent commission (incl. VAT) | AED 14,700 |
| Total fees | AED 47,480 |
- Monthly mortgage payment
- AED 0
- Service charge a year
- Add your service charge
- Gross yield
- 10.3%
Source: fee schedule dated 2026-10-14. DLD transfer 4%, trustee and admin fees, mortgage registration 0.25% + AED 290, agent 2% + VAT. Official fee references and labelled calculator planning assumptions. Confirm the itemised charges in writing before a deal.
Open these figures in the full calculator
Price and size are this building's medians. Rent is the area-level Ejari median for a studio in Dubai Hills Estate. Add the building's service charge from the Land Department's Service Charge Index to see the net yield.
Compare sold prices for the same home size
Registered sales from 6 Oct 2025 to 5 Oct 2026 in Dubai Hills Estate. Each building needs at least ten sales of the shown bedroom count and a recorded off-plan share of 20% or less across its current annual sale sample.
1 bedroom: MAG Eye Phase 1 and four price-nearest buildings
| 1,200,000 | 802 | 11 | 0.0% | |
| 1,170,000 | 483 | 13 | 0.0% | |
| 1,305,000 | 645 | 10 | 0.0% | |
| 1,360,000 | 646 | 13 | 0.0% | |
| 1,380,000 | 671 | 21 | 0.0% |
Method: the current building first, then four other buildings closest by the same-bedroom median purchase price, with ties ordered by page identifier. We exclude five-year price windows, buildings with more than 20% off-plan registrations and bedroom samples below ten sales. If four peers are unavailable the comparison is withheld. Bedroom count and period match; home types, condition, floor and features may still differ. Ready registrations do not certify project completion.
Median price and median size are separate statistics, not a matched unit or a median price-per-sq-ft calculation. These are completed registrations, not available listings, valuations or forecasts.
Source update: 26 Oct 2026. Source: Dubai Land Department open data via Dubai Pulse, re-published by Dubai Real Estate Data (dataset), licensed CC BY 4.0. Sales to 5 Oct 2026. aggregated to medians; non-residential, land and flagged rows excluded.
Project register and escrow
Mag Eye Real Estate Development – Fz. Project status: finished.
- Registered completion
- 16 Aug 2024
- Construction progress
- 100%
- Escrow bank
- Emirates Nbd Bank (P.J.S.C)
Source: Land Department project register, 22 Oct 2026. A registered completion date can be extended. Confirm the latest project status in the Dubai REST app; payment-plan terms must be checked with the developer.
Other buildings in Dubai Hills Estate
Compare registered prices and sales, busiest first.
Palace Residences Hillside A
Rosehill Block A
Greencrest
Greencrest Tower
Lime Gardens
Ellington House
Location: Dubai Hills Estate
This map marks the parent area. It does not show the entrance or exact building position.
Questions people ask
These answers explain the prices and registered sales shown for MAG Eye Phase 1.
What is the price per sq ft in MAG Eye Phase 1?
The median sold price was AED 1,700 per sq ft. There were 43 sales over the last 12 months to 5 Oct 2026. Prices changed by -18.0% from the 12 months before. The last sale was on 2 Oct 2026.
How much does a studio in MAG Eye Phase 1 cost?
The median price for a studio was AED 700,000. The median size was about 412 sq ft. This covers 19 sales in the last 12 months.
What rent does a studio near MAG Eye Phase 1 get?
The median rent for that home size in Dubai Hills Estate was AED 72,000 a year. The publisher sample has 115 Ejari contract records. Publisher contract sample, register data to 22 Oct 2026; the lease period is not stated. The rent-to-price comparison is about 10.3%, before costs. This uses the building's median sale price and area rent. It is not an observed lease yield for this building.
Is MAG Eye Phase 1 expensive for Dubai Hills Estate?
MAG Eye Phase 1 sells at 28.7% below the Dubai Hills Estate median of AED 2,385 per sq ft, comparing both over the last 12 months.
Sources
Source update: 26 Oct 2026. Source: Dubai Land Department open data via Dubai Pulse, re-published by Dubai Real Estate Data (dataset), licensed CC BY 4.0. Sales to 5 Oct 2026. aggregated to medians; non-residential, land and flagged rows excluded. Source for rents, yields and project records: Dubai Data (datadubai.ae), Continental Club Property, based on Dubai Land Department open data, data to 22 Oct 2026, licensed CC BY 4.0. Publisher contract sample, register data to 22 Oct 2026; the lease period is not stated. Publisher-reported gross yields use the publisher matched-segment sale-price denominator, not this page’s sale median; the matched-sale reporting period is not stated.