Palm Jumeirah AED 3,524/sqftDubai Maritime City AED 3,152/sqftDowntown Dubai AED 2,905/sqftDubai Islands AED 2,770/sqftDubai Creek Harbour AED 2,563/sqftBusiness Bay AED 2,509/sqftDubai Marina AED 2,481/sqftDubai Hills Estate AED 2,448/sqftJumeirah Lakes Towers AED 2,306/sqftMohammed Bin Rashid City AED 2,097/sqftAl Jaddaf AED 2,049/sqftJumeirah Village Triangle AED 1,665/sqftDubai South AED 1,652/sqftArjan AED 1,584/sqftJumeirah Village Circle AED 1,491/sqftDubai Sports City AED 1,328/sqftALL DLD SALES · OFF-PLAN + EXISTINGPalm Jumeirah AED 3,524/sqftDubai Maritime City AED 3,152/sqftDowntown Dubai AED 2,905/sqftDubai Islands AED 2,770/sqftDubai Creek Harbour AED 2,563/sqftBusiness Bay AED 2,509/sqftDubai Marina AED 2,481/sqftDubai Hills Estate AED 2,448/sqftJumeirah Lakes Towers AED 2,306/sqftMohammed Bin Rashid City AED 2,097/sqftAl Jaddaf AED 2,049/sqftJumeirah Village Triangle AED 1,665/sqftDubai South AED 1,652/sqftArjan AED 1,584/sqftJumeirah Village Circle AED 1,491/sqftDubai Sports City AED 1,328/sqftALL DLD SALES · OFF-PLAN + EXISTING
DLD · MEDIAN 12M TO OCT 2026

Dubai Land Department register

MAG EYE Phase 1

CompletedHADAEQ SHEIKH MOHAMMED BIN RASHID - DISRICT 7Completion on file Aug 2024

128 homes on the DLD register in Hadaeq Sheikh Mohammed Bin Rashid, filed by MAG Eye Real Estate Development - FZ. 2,379 sales have been registered against it between 5 Mar 2018 and 2 Oct 2026.

Construction completeCompleted

Recorded at DLD's site inspection of 16 Aug 2024. That is an inspector's last visit, not today — the site has moved on since.

Developer entityMAG Eye Real Estate Development - FZ
Area (DLD)Hadaeq Sheikh Mohammed Bin Rashid
StatusCompleted
Homes128
Registered sales2,379
Project registry

THE DLD RECORD

Registry as at 4 Oct 2026
Registered developer entityMAG Eye Real Estate Development - FZ
Area (DLD)Hadaeq Sheikh Mohammed Bin Rashid
Master communityHADAEQ SHEIKH MOHAMMED BIN RASHID - DISRICT 7
Project statusCompleted
Construction progress100.00% complete (DLD inspection, 16 Aug 2024)
Homes registered128
Buildings8
Registered start1 May 2018
Registered completion date16 Aug 2024
DLD project number2033
Description as recorded by DLD

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.

Reproduced from the register verbatim, including its own abbreviations. It is the developer’s filed description, not our assessment of the project.

Project escrow account
Escrow trustee bankEmirates Nbd Bank (P.J.S.C)
Escrow account0205420707303

Under Dubai Law No. 8 of 2007 every payment on a registered off-plan project goes into that project’s escrow account, held at a DLD-approved trustee bank and released to the developer against verified construction progress — not to the developer direct and not to a broker. Check these details in DLD’s own Dubai REST app against the project number above before you transfer anything, and treat any account number that differs from the one DLD shows as a reason to stop. Substituted account details are a known fraud in this market. Reproduced from the DLD register as at 4 Oct 2026; account details can change, and DLD’s record is the authority, not this page.

Source: Dubai Land Department project register. The developer, area, counts and filed dates are as recorded at 4 Oct 2026; the project status and escrow details as at 4 Oct 2026. Construction progress carries the date of the DLD site inspection that produced it, which is a different date again and is stated on the row — where the register holds no dated inspection, no percentage is published rather than an undated one. “Registered completion date” is the completion date on file at DLD; it is a date on record, not a guarantee of handover, and where that date has already passed it means only that the register has not been updated, not that the project handed over. Homes counted as registered apartments plus registered villas. Figures on this panel are the registry’s, and are stated as at different dates from the transaction figures elsewhere on the page. Registered completion: Aug 2024.

Registered sales

REGISTERED SALE PRICES

DLD register · as at 5 Oct 2026

2,379 sales were registered against MAG Eye Phase 1 between 5 Mar 2018 and 2 Oct 2026 — a span of 103 months. Those are completed registrations at the Dubai Land Department, not asking prices or listings.

Median AED/sqft
1,830
Across 102 apartment and villa sales since 28 Apr 2025
Median price
AED 1.30m
Median size 790 sqft
Registered sales
2,379
5 Mar 2018 to 2 Oct 2026
Vs area median
-21.1%
Hadaeq Sheikh Mohammed Bin Rashid: 2,320 AED/sqft, 544 sales, resale only, 12 months to 5 Oct 2026

The two figures behind that percentage are not drawn on the same population. This project’s median covers every registration type across the whole register we hold (28 Apr 2025 to 5 Oct 2026). The area figure covers resale only in Hadaeq Sheikh Mohammed Bin Rashid over the 12 months to 5 Oct 2026, pooled on the transaction register’s own area name, which does not always match the project register’s name shown above. Unit mix, floor level and view are not controlled for on either side, and neither is use class: DLD registers offices and shops as units, so registered retail and office sales are pooled into both figures, and retail trades at a materially higher rate per square foot than residential stock in the same building. In sectors where commercial space is a large share of what registers, the area figure sits well above the residential rate. Read it as an indication of where this project sits in its area, not as a like-for-like comparison.

Median AED/sqft by quarter
1,797Q2 2025n=211,786Q3 2025n=231,882Q4 2025n=211,911Q1 2026n=272,053Q2 2026n=21,551Q3 2026n=8

Q2 2025 median 1,797 AED/sqft over 21 sales; Q1 2026 median 1,911 AED/sqft over 27 sales — a change of +6.3% between those two quarters. Unit mix, floor level and view are not controlled for, so this is not a like-for-like comparison of the same unit.

A quarter with fewer than 20 registered sales is drawn hollow, with its sale count underneath. The change between quarters is quoted only between quarters that reached 20. Points are spaced evenly rather than by date.

By unit size
TypeSalesMedian sizeMedian AED/sqft
Studio42411 sqft1,843
1 bedroom33797 sqft1,708
2 bedrooms141,339 sqft2,216
3 bedrooms101,460 sqft2,526
4 bedrooms34,537 sqft1,433

Every band shows its median with its sale count. A band with fewer than 5 registered sales is shown in a lighter tone: read it as those sales, not as the rate for that unit type.

Registration timing
Registration typeSalesMedian AED/sqft
Registered before completion0—
Registered after completion1021,830

DLD splits registrations by timing: an off-plan registration is entered before the unit legally completes, an existing registration after. Where both appear, the gap between them reflects that difference as much as any movement in value. A side with fewer than 5 registered sales is shown in a lighter tone: read it as those sales, not as a rate.

Buildings in the register
BuildingSales
MAG 98015
MAG 96011
MAG 97010
MAG EYE 89010
MAG EYE 9009
MAG 9307
MAG EYE 9107
MAG EYE 9207
The last 12 registrations to 5 Oct 2026
DateTypeUnitSizePriceAED/sqft
7 Sep 2026ExistingStudio412 sqftAED 700,0001,700
7 Sep 2026ExistingStudio411 sqftAED 600,0001,459
24 Aug 2026Existing1 bedroom871 sqftAED 1,225,0001,407
17 Aug 2026Existing1 bedroom796 sqftAED 1,210,0001,520
4 Aug 2026Existing1 bedroom746 sqftAED 1,180,0001,582
27 Jul 2026ExistingStudio416 sqftAED 58,329140
23 Jul 2026ExistingStudio416 sqftAED 730,0001,755
22 Jul 2026ExistingStudio415 sqftAED 700,0001,685
6 Apr 2026Existing2 bedrooms1,187 sqftAED 2,950,0002,486
1 Apr 2026Existing1 bedroom803 sqftAED 1,300,0001,620
26 Mar 2026Existing2 bedrooms1,187 sqftAED 2,750,0002,318
17 Mar 2026Existing3 bedrooms1,460 sqftAED 4,100,0002,807

Basis: Dubai Land Department transaction register, arm’s-length sales of units and villas only. Gifts, mortgage registrations, zero-price rows, land plots and whole-building transfers are excluded, as are AED/sqft values outside 100–20,000. Figures are medians, not averages. The medians, trend and quarterly table above are drawn on the part of the register we hold in full detail, which runs from 28 Apr 2025 to 5 Oct 2026; 28 Apr 2025 is the earliest date there, not the date this project started selling. The sale count and date span in the opening sentence cover all registered history to 2 Oct 2026, from the transaction feed below. This page is a dated extract taken on 6 Oct 2026, not a live query. Past registered prices are evidence of what has been paid, not a forecast of future value.

Transaction history

ALL REGISTERED SALES

DLD register · to 2 Oct 2026
Median AED/sqft, last 6 months, apartments and villas
1,656
Across 35 registered sales to 2 Oct 2026
Registered sales, all time
2,379
5 Mar 2018 to 2 Oct 2026
The latest 25 of 2,379 sales, newest first
DateProperty typeBedroomsArea (sq ft)Price (AED)AED per sq ft
2 Oct 2026FlatStudio416725,0001,742
21 Sep 2026Flat1 B/R8361,356,6001,622
10 Sep 2026Villa3 B/R1,3923,630,0002,609
7 Sep 2026FlatStudio412700,0001,700
7 Sep 2026FlatStudio411600,0001,459
31 Aug 2026Villa2 B/R1,1872,710,0002,284
24 Aug 2026Flat1 B/R8711,225,0001,407
17 Aug 2026Flat1 B/R7961,210,0001,520
14 Aug 2026Villa2 B/R1,4113,000,0002,127
10 Aug 2026FlatStudio39428,53772
10 Aug 2026FlatStudio39433,11584
7 Aug 2026FlatStudio41329,52372
4 Aug 2026Flat1 B/R7461,180,0001,582
28 Jul 2026FlatStudio41134,56484
27 Jul 2026FlatStudio41658,329140
24 Jul 2026FlatStudio416730,0001,755
22 Jul 2026FlatStudio416700,0001,685
15 Jul 2026FlatStudio394690,0001,751
13 Jul 2026Flat1 B/R8021,150,0001,433
8 Jul 2026Villa3 B/R1,3923,550,0002,551
8 Jul 2026FlatStudio410700,0001,707
30 Jun 2026Flat1 B/R7461,130,0001,515
29 Jun 2026Villa3 B/R1,4793,750,0002,536
29 Jun 2026FlatStudio411680,0001,654
24 Jun 2026Flat1 B/R7961,100,0001,382

Source: Dubai Land Department sales register, every registered sale held against this project, as at 2 Oct 2026. The count is every registered sale, of any property type, over the project’s whole history. The median is a separate measure: it covers the 6 months to that date and uses only apartment and villa sales in that period that carry a price and an area. Offices, shops, land and other non-residential sales are listed above but never enter it. Areas are DLD’s square metres converted to square feet.

Location

REGISTERED SALES NEARBY

Nearest metroNoor Bank Metro Station
Nearest mallDubai Mall
Nearest landmarkDowntown Dubai

These are the values DLD records against this project’s own registered sales, not a distance we measured. Where a project’s sales disagree, the most frequently recorded value is shown.

Next step

ASK US ABOUT MAG EYE Phase 1

This page is the public register — the project record as at 4 Oct 2026, and the transaction register to 5 Oct 2026.

  • AVAILABILITY

    On the register

    128 homes

    From the DLD project record as at 4 Oct 2026, filed at status “Completed” as at 4 Oct 2026.

    Not on the register

    What is available now

  • PRICE

    On the register

    2,379 registered sales

    Prices already paid, registered between 5 Mar 2018 and 2 Oct 2026.

    Not on the register

    At what price

  • PAYMENT TERMS

    On the register

    —

    The DLD project register carries no payment-plan data of any kind.

    Not on the register

    On what payment terms

  • THE SPECIFIC UNIT

    On the register

    12 recent registrations

    Listed above with date, size, price and AED per square foot.

    Not on the register

    How the specific unit compares with the ones already registered

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