Dubai Land Department register
MAG EYE Phase 1
1,598 homes on the DLD register in Hadaeq Sheikh Mohammed Bin Rashid, filed by MAG EYE REAL ESTATE DEVELOPMENT - FZ. 94 sales have been registered against it between 28 Apr 2025 and 6 Aug 2026.
Construction completeCompleted
As recorded by DLD's project register at 15 Jun 2026. An inspector's last visit, so it lags the site.
WHAT DLD HAS ON RECORD
| Registered developer entity | MAG EYE REAL ESTATE DEVELOPMENT - FZ |
| Area (DLD) | Hadaeq Sheikh Mohammed Bin Rashid |
| Master community | HADAEQ SHEIKH MOHAMMED BIN RASHID - DISRICT 7 |
| Project status | Completed |
| Construction progress | 100.00% complete |
| Homes registered | 1,598 (904 apartments, 694 villas) |
| Buildings | 8 |
| Registered start | 1 May 2018 |
| Registered completion date | 16 Aug 2024 |
| Recorded completion | 1 Feb 2023 |
| DLD project number | 2033 |
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.
Source: Dubai Land Department project register, as recorded at 15 Jun 2026. “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. DLD does not publish a cancelled status for projects. Homes counted as registered apartments plus registered villas. Figures on this panel are the registry’s, and are stated as at a different date from the transaction figures elsewhere on the page. Registered completion: Aug 2024.
WHAT HAS ACTUALLY BEEN PAID HERE
94 sales were registered against MAG EYE Phase 1 between 28 Apr 2025 and 6 Apr 2026 — a span of 12 months. Those are completed registrations at the Dubai Land Department, not asking prices or listings.
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 6 Aug 2026). The area figure covers resale only in Hadaeq Sheikh Mohammed Bin Rashid over the 12 months to 6 Aug 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, view and use class are not controlled for on either side. Read it as an indication of where this project sits in its area, not as a like-for-like comparison.
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.
Only quarters that reached 20 registered sales are plotted, and points are spaced evenly rather than by date. A quarter that fell below the floor is absent from the line rather than drawn as a gap, so the line is not a continuous record of every quarter in the window. Where it stops short of 6 Aug 2026, no later quarter cleared the floor.
| Type | Sales | Median size | Median AED/sqft |
|---|---|---|---|
| Studio | 37 | 411 sqft | 1,855 |
| 1 bedroom | 30 | 797 sqft | 1,718 |
| 2 bedrooms | 14 | 1,339 sqft | 2,216 |
| 3 bedrooms | 10 | 1,460 sqft | 2,526 |
| 4 bedrooms | 3 | — | — |
A median is shown only where the band reached 5 registered sales and the project itself cleared the 10-sale floor; otherwise the count stands on its own and the median is left blank. Where a project is below that floor, a band median would be the project median under a different heading.
| Registration type | Sales | Median AED/sqft |
|---|---|---|
| Off-plan (first sale from developer) | 0 | — |
| Existing (resale) | 94 | 1,853 |
DLD splits registrations into off-plan and existing. The two are not directly comparable: an off-plan registration is a launch-price contract, an existing registration is a completed unit changing hands. Where both appear, the gap between them reflects that difference as much as any movement in value. A median is shown on each side only where the band reached 5 registered sales and the project itself cleared the 10-sale floor — below that floor the counts stand alone, because where every sale falls on one side its median is the project median restated.
| Building | Sales |
|---|---|
| MAG 980 | 13 |
| MAG 960 | 11 |
| MAG EYE 890 | 10 |
| MAG 970 | 9 |
| MAG EYE 900 | 8 |
| MAG EYE 920 | 7 |
| MAG 930 | 5 |
| MAG EYE 910 | 5 |
| Date | Type | Unit | Size | Price | AED/sqft |
|---|---|---|---|---|---|
| 6 Apr 2026 | Resale | 2 bedrooms | 1,187 sqft | AED 2,950,000 | 2,486 |
| 1 Apr 2026 | Resale | 1 bedroom | 803 sqft | AED 1,300,000 | 1,620 |
| 26 Mar 2026 | Resale | 2 bedrooms | 1,187 sqft | AED 2,750,000 | 2,318 |
| 17 Mar 2026 | Resale | 3 bedrooms | 1,460 sqft | AED 4,100,000 | 2,807 |
| 12 Mar 2026 | Resale | Studio | 416 sqft | AED 780,000 | 1,875 |
| 11 Mar 2026 | Resale | 2 bedrooms | 1,411 sqft | AED 3,100,000 | 2,198 |
| 27 Feb 2026 | Resale | Studio | 416 sqft | AED 790,000 | 1,898 |
| 24 Feb 2026 | Resale | 2 bedrooms | 1,187 sqft | AED 2,760,000 | 2,326 |
| 24 Feb 2026 | Resale | Studio | 394 sqft | AED 800,000 | 2,028 |
| 23 Feb 2026 | Resale | Studio | 411 sqft | AED 790,000 | 1,921 |
| 20 Feb 2026 | Resale | 2 bedrooms | 1,411 sqft | AED 3,050,000 | 2,162 |
| 18 Feb 2026 | Resale | Studio | 411 sqft | AED 610,000 | 1,484 |
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 register we hold runs from 28 Apr 2025 to 6 Aug 2026; 28 Apr 2025 is the earliest date in our copy of the register, not the date this project started selling, so the counts above are of sales registered in that window rather than since launch. This page is a dated extract taken on 7 Aug 2026, not a live query. Past registered prices are evidence of what has been paid, not a forecast of future value.
Location
WHAT THE REGISTER RECORDS NEARBY
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.
Same area, similar size
COMPARABLY SIZED PROJECTS IN HADAEQ SHEIKH MOHAMMED BIN RASHID
Next step
ASK US ABOUT MAG EYE Phase 1
This page is the public register. What it cannot tell you is what is available now, at what price, on what payment terms, and how the specific unit compares with the ones already registered. Tell us your budget and objective and we will come back with the current position.
