MAG EYE Phase 1

What each third of the tower asks

A high floor in a 9-storey building is a range, not a word.

What the register recorded, month by month

Median registered price per square foot, by the month the sale was registered. A month with no sale is absent rather than zero — a building sells a handful of flats a year, and a line drawn to the axis on a quiet month reads as a collapse.

The last registered sales

Each with its own date, because the register lags. These are prices buyers paid, not asking prices — and they carry no unit number: which flat sold is not ours to publish.

• 2026-02-17AED 770,0002,432/sqftstudio BR · mid floor
• 2026-02-09AED 735,0002,232/sqftstudio BR · mid floor
• 2026-02-05AED 1,350,0002,129/sqft1 BR · mid floor
• 2026-02-05AED 1,505,0001,916/sqft1 BR · high floor
• 2026-02-05AED 1,300,0001,638/sqft1 BR · high floor
• 2026-02-05AED 765,0002,416/sqftstudio BR · mid floor
• 2026-02-02AED 1,400,0001,861/sqft1 BR
• 2026-01-30AED 1,500,0002,380/sqft1 BR · low floor
• 2026-01-27AED 785,0002,363/sqftstudio BR · mid floor
• 2026-01-23AED 1,425,0002,426/sqft1 BR · high floor

Questions about MAG EYE Phase 1

How many flats are for sale in MAG EYE Phase 1?

112 of the 820 advertisements we currently hold in MAG EYE Phase 1 are for sale, and 708 are to rent. The same flat can be advertised by several agencies, so the number of distinct flats is lower.

What does MAG EYE Phase 1 cost per square foot?

Sellers are asking a median of 1,843 AED per square foot across the sale listings in MAG EYE Phase 1. That is what is being asked today, not what buyers have paid.

What has actually sold in MAG EYE Phase 1?

45 sales were registered with the Dubai Land Department in the twelve months to February 2026, at a median of 2,211 AED per square foot, which puts today's asking prices 16.6% below the last recorded prices.

What does a flat in MAG EYE Phase 1 rent for?

413 tenancy contracts registered with Ejari have a median of 169 AED per square foot per year.

How many floors does MAG EYE Phase 1 have?

The listings report 9 floors. Floors 7 to 9 are its top third, and they hold 54 of the advertisements.

How much does a flat in MAG EYE Phase 1 cost?

Asking prices on the sale listings run from AED 699,900 to AED 8.80M. That is the range of what is being asked in the building right now, not an estimate of what a particular flat is worth.

Is a high floor in MAG EYE Phase 1 worth more?

Floors 7–9 ask a median of 1,898 AED per square foot against 1,876 on floors 1–3 — 1.1% more. Both are asking prices, and the gap is what sellers believe the view is worth rather than what a buyer paid for it.

What yield does MAG EYE Phase 1 give?

Registered rent of 169 AED per square foot per year against today's asking 1,843 AED per square foot is a gross yield of 9.2%. Gross means before service charge, agency fee, vacancy and everything else a real return subtracts.

When was the last sale registered in MAG EYE Phase 1?

The most recent registration we hold is dated February 2026 at AED 770,000 (2,432 AED per sqft) for a studio-bedroom flat. The register lags the market by weeks, so this is the newest fact rather than today's price.

What layouts does MAG EYE Phase 1 have?

The advertisements in MAG EYE Phase 1 cover 1-bedroom flats, 2-bedroom flats, 3-bedroom flats, 4-bedroom flats, studios.

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