MAG Eye Apartments by MAG Property Development is a stylish residential community in Mohammed Bin Rashid City (MBR City), District 7, Dubai. This gated development offers ready-to-move-in studios and 1-bedroom apartments starting from AED 480,000, providing residents with a contemporary, urban lifestyle in one of Dubai’s most sought-after neighborhoods.
The project combines modern design, functionality, and comfort, featuring elegant interiors, open spaces, and panoramic views of Meydan and the Dubai skyline. With walkable community design and abundant green areas, MAG Eye promotes a healthy and sophisticated lifestyle, ideal for professionals, couples, and investors alike.
Developed by MAG Property Development, this project emphasizes community living, offering proximity to retail, dining, healthcare, and educational facilities, all within minutes from the heart of Dubai.
Property Details
| Features | Details |
| Property Type | Apartments |
| Location | Mohammed Bin Rashid City (District 7), Dubai |
| Developer | MAG Property Development |
| Starting Price | AED 480,000 |
| Unit Types | Studios & 1 Bedroom Apartments |
| Size Range | 391 to 908 sq. ft. |
| Down Payment | 10% |
| Payment Plan | 60/40 (2 Years Post-Handover) |
| Handover | Ready to Move In |
| Ownership Type | Freehold |
Features & Amenities
Design & Living
- Contemporary low-rise architecture with elegant modern interiors
- Naturally well-lit, airy living spaces
- Walkable, pedestrian-friendly community design
- Panoramic views of Meydan and Dubai skyline
Lifestyle & Leisure
- Swimming Pool, Relax and unwind in a refreshing outdoor pool
- Fully Equipped Gymnasium, Stay fit with premium fitness facilities
- Kids’ Play Area, Safe and engaging space for children
- Parks & Green Spaces, Lush landscaped areas for recreation and relaxation
Convenience & Comfort
- Retail outlets and supermarket within the community
- Restaurants and dining options nearby
- 24/7 security and CCTV surveillance
- Concierge and maintenance services
Location & Connectivity
Ideally situated in Mohammed Bin Rashid City, MAG Eye Apartments offers seamless connectivity to Dubai’s key landmarks and destinations. Just minutes away from Downtown Dubai and Meydan Racecourse, residents enjoy urban convenience within a serene and private community.
| Destination | Travel Time |
| Meydan Racecourse | 5 Minutes |
| Business Bay | 15 Minutes |
| Downtown Dubai | 16 Minutes |
| Mall of the Emirates | 16 Minutes |
| Dubai Silicon Oasis | 14 Minutes |
| Dubai International Airport | 19 Minutes |
| Academic City | 16 Minutes |
Payment Plan
| Milestone | Payment |
| On Booking | 10% |
| During Construction | 30% |
| On Handover | 20% |
| Post-Handover (within 24 months) | 40% |
Handover: Ready to Move In
Floor Plans
| Unit Type | Details | Size Range (sq. ft.) | Type |
| Studio | Contemporary open-plan design | 391 to 518 | Apartment |
| 1 Bedroom | Spacious layouts with modern finishes | 620 to 908 | Apartment |
Why Invest in MAG Eye Apartments
- Prime Location: In the heart of MBR City with easy access to Downtown Dubai and Meydan.
- Ready to Move In: Ideal for both investors and end-users seeking immediate returns.
- Attractive Payment Plan: 2-year post-handover payment flexibility.
- High ROI Potential: Located in one of Dubai’s fastest-growing residential areas.
- Modern Community Living: Walkable design with lifestyle amenities and retail conveniences.
- Trusted Developer: Developed by MAG Property Development, a name synonymous with quality.
Frequently Asked Questions
Q1: What is the starting price for MAG Eye Apartments?
Starting from AED 480,000 (subject to availability).
Q2: Are the apartments ready to move in?
Yes, the development is ready for immediate occupancy.
Q3: What payment plan is offered?
A 60/40 plan with 2 years post-handover.
Q4: What types of units are available?
Studios and 1-bedroom apartments with modern layouts.
Q5: Is MAG Eye freehold?
Yes, the property offers freehold ownership for all nationalities.
Q6: What amenities are provided?
Swimming pool, gym, kids’ play area, retail outlets, and landscaped gardens.
Q7: Where is MAG Eye located?
In District 7, Mohammed Bin Rashid City, close to Meydan Racecourse and Downtown Dubai.
More about Mohammed Bin Rashid City
Read the Cresco area guide to Mohammed Bin Rashid City. Prices, rental yields, handover timelines, schools, commute times and what actually sells there.
Open the Mohammed Bin Rashid City area guide
You may also want to read how buying off plan works and work out the rental yield.
What buyers actually registered in Mohammed Bin Rashid City
Dubai Land Department registered transactions, not advertised asking prices.
Between 30 June 2026 and 18 August 2026, 462 residential sales were registered in Mohammed Bin Rashid City. The median was AED 1,555,550 and the middle half fell between AED 1,054,778 and AED 2,459,475. This project is advertised from AED 480,000, which sits below that range.
For the unit type this project leads with, 1 B/R, the registered median in Mohammed Bin Rashid City was AED 1,546,724 across 188 sales, at AED 2,082 per square foot and a median size of 755 sq ft.
| This project, advertised entry price | AED 480,000 |
| Registered median price, Mohammed Bin Rashid City | AED 1,555,550 |
| Middle half of registered sales | AED 1,054,778 to AED 2,459,475 |
| Registered median per sq ft | AED 2,094 |
| Registered median unit size | 755 sq ft |
| Share bought off plan | 46% |
| Ready stock, median per sq ft | AED 1,949 from 250 sales |
| Off plan stock, median per sq ft | AED 2,369 from 212 sales |
| Registered residential sales in the period | 462 |
Registered sales by bedroom count in Mohammed Bin Rashid City
| Type | Sales | Median price | Per sq ft | Median size |
|---|---|---|---|---|
| Studio | 121 | AED 891,900 | AED 2,111 | 419 sq ft |
| 1 B/R | 188 | AED 1,546,724 | AED 2,082 | 755 sq ft |
| 2 B/R | 98 | AED 2,551,290 | AED 2,063 | 1,203 sq ft |
| 3 B/R | 28 | AED 3,200,000 | AED 1,987 | 1,624 sq ft |
Source: Dubai Land Department open data. Registered sales of residential units between 30 June 2026 and 18 August 2026. Mortgages and gift transfers are excluded because they are not arms length sales. Sizes are converted from square metres at 10.7639 sq ft per sq m. The entry price shown for this project is our advertised starting price and is not a registered transaction. Community figures are medians across every project in the community, not this project alone. We do not publish a price per square foot for this project because advertised size ranges are not a reliable basis for that calculation.
What actually transacted in Mohammed Bin Rashid City
Before you judge a launch price, look at what the community around it registered. Over the last twelve months Mohammed Bin Rashid City recorded 1,467 registered rental contracts and 237 ready sales, all filed with the Dubai Land Department. These are signed contracts, not asking prices.
Rent registered at AED 125 per sqft against a ready sale price of AED 1,934 per sqft. That is a gross yield of 6.5% on ready stock in this community.
We use ready sale prices rather than blended prices deliberately. You cannot rent a home that has not been handed over, so an off plan launch price in a yield calculation produces a number that cannot happen.
Registered rents in Mohammed Bin Rashid City moved -3% against the twelve months before.
The shorter window disagrees. On the most recent three months of contracts the same community reads -15%. Summer seasonality and smaller samples both sit inside that number, but we publish it rather than quote only the figure that flatters the market.
| Unit type | Contracts registered | Average annual rent (AED) | Rent per sqft (AED) | Change vs 12 months earlier |
|---|---|---|---|---|
| Studio | 387 | 54,630 | 133 | +1.3% |
| 1 bedroom | 803 | 96,542 | 121 | -6.7% |
| 2 bedroom | 209 | 167,879 | 125 | -10% |
| 3 bedroom | 61 | 268,034 | 128 | -6% |
| All apartments | 1,467 | 105,140 | 125 | -3% |
Full Mohammed Bin Rashid City guide · Live Dubai market update · Run these numbers on a specific unit
Data verified 27 September 2026. Dubai Land Department registered transactions via Bayut TruView, rolling 12 months to September 2026.
