MAG City Meydan, also famous as MAG Eye, is a sprawling 405,750-square-meter mixed-use community developed by MAG Property Development positioned in District 7 of Mohammed Bin Rashid (MBR) City. This particular gated sanctuary is designed to provide a “city within a city” experience, combining contemporary urban architecture with extensive green landscapes. It showcases a diverse mix of residential options, including high-density luxury townhouses and stylish low-rise apartment buildings, all centered around a massive community park.
As of early 2026, the project has reached significant milestones. Phases 1 and 2, consisting of 546 townhouses plus several apartment blocks (such as MAG 980 and MAG 930), were successfully handed over in late 2023 and 2024. The development is highly regarded for its “affordable luxury” positioning, providing high-end finishes and spacious, light-filled layouts at a competitive price point compared to neighboring Downtown Dubai. Residents can now enjoy a tranquil suburban atmosphere while remaining just minutes away from Dubai’s most iconic landmarks.
Property Details
| Feature | Details |
| Developer | MAG Property Development |
| Location | Meydan District 7, MBR City |
| Property Type | Apartments (Studio, 1-2 Bed) & Townhouses (2-4 Bed) |
| Starting Price | AED 4,000,000 (For Townhouses) |
| Government Fee | 4% DLD Fee |
| Unit Status | Phase 1 & 2 Ready; Further Phases Under Construction |
| Ownership | 100% Freehold |
| Estimated Completion | Phase 1 (Completed Q4 2023); Full Project 2026 |
| Views | Dubai Skyline, Burj Khalifa, & Landscaped Gardens |
Features & Amenities
| Feature | Details |
| Community Hub | 2,360 sq. m. Clubhouse with a social lounge and coffee shop |
| Fitness & Sports | Semi-Olympic swimming pool, modern gym, and jogging/cycling tracks |
| Green Living | Over 35,000 sq. m. of public parks and manicured gardens |
| Convenience | 8,000 sq. m. of retail space including cafes and convenience stores |
| Education & Health | On-site nursery and private clinic; proximity to Kent College |
| Security | Fully gated community with 24/7 security and CCTV surveillance |
| Family Friendly | Dedicated indoor and outdoor children’s play areas and pools |
Location & Connectivity
MAG City Meydan boasts a central location with seamless access to Dubai’s arterial highways:
- 05 mins, Meydan Racecourse & Grandstand
- 08 mins, Burj Khalifa & Downtown Dubai
- 10 mins, Dubai Design District (d3)
- 12 mins, Business Bay & DIFC
- 15 mins, Dubai International Airport (DXB)
- 20 mins, Jumeirah Beach & Burj Al Arab
Payment Plan
| Stage | Percentage | Notes |
| Down Payment | 15% | At the time of booking |
| During Construction | 45% | Staged installments (for off-plan phases) |
| On Handover | 40% | Final balance due upon delivery |
Note: Some resale units and final developer stock may offer a 2-year post-handover payment plan. Contact us for the latest availability.
Floor Plans
Unit sizes at MAG City Meydan at MBR City run from 391 to 1,638 square feet: Studio Apartment at 391 sq ft, 1-Bedroom Apartment at 759 sq ft, 2-Bedroom Apartment at 1,281 sq ft and 2-4 Bed Townhouses at 1,638 sq ft. These are the developer stated areas. Ask us for the registered size on a specific unit before you offer, because the two do not always agree.
| Unit Type | Size Range (Sq. Ft.) | Highlights |
| Studio Apartment | 391 to 420 Sq. Ft. | Smart layouts with floor-to-ceiling windows |
| 1-Bedroom Apartment | 759 to 911 Sq. Ft. | Spacious bedroom with en-suite and large balcony |
| 2-Bedroom Apartment | 1,281 Sq. Ft. | Dual-aspect units with views of the community park |
| 2-4 Bed Townhouses | 1,638 to 3,413 Sq. Ft. | Private gardens, rooftop terraces, and modern facades |
Note: All townhouses feature integrated parking for two vehicles. Full architectural brochures are available upon request.
Why Invest in MAG City Meydan
- Proven Appreciation: Since the project launch, prices in Meydan District 7 have seen a steady upward trajectory of 12 to 15%, driven by infrastructure growth.
- High Rental Yields: Apartments in MAG City currently generate gross yields of 6.5% to 7.2%, outperforming many established luxury districts.
- The “Meydan” Factor: Proximity to the Meydan One Mall (set to feature the world’s longest indoor ski slope) ensures long-term tenant demand.
- Gated Exclusivity: As one of the largest gated communities in MBR City, it offers a level of security and privacy that is rare at this price point.
- Future Connectivity: The planned Dubai Metro Blue Line expansion is expected to serve the Meydan area directly, further boosting property values.
FAQs About MAG City Meydan
Q1: Is the project ready to move in?
A: Yes, Phase 1 (consisting of 546 townhouses and early apartment blocks) is completed and handed over. Later phases are scheduled for completion through 2026.
Q2: Can foreigners buy property here?
A: Absolutely. MAG City is located in a designated freehold zone, allowing 100% ownership for all nationalities.
Q3: What are the annual service charges?
A: Service charges for apartments are approximately AED 14 to 16 per sq. ft. while townhouses average AED 3 to 5 per sq. ft. of plot area.
Q4: Are the units furnished?
A: Select studio and 1-bedroom apartments were sold as fully-furnished units. Most townhouses are handed over unfurnished but with high-end kitchen cabinetry.
Q5: Is it pet-friendly?
A: Yes, the vast green spaces and private gardens in the townhouse section make it one of the most pet-friendly communities in MBR City.
Contact Cresco Real Estate Today
Would you like me to provide you with a curated list of the best-priced 3-bedroom townhouse resales currently available in Phase 1 for immediate move-in?
More about Meydan and Mohammed Bin Rashid City
Read the Cresco area guide to Meydan and Mohammed Bin Rashid City. Prices, rental yields, handover timelines, schools, commute times and what actually sells there.
Open the Meydan and 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 4,000,000, which sits above 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 4,000,000 |
| 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 Meydan
Before you judge a launch price, look at what the community around it registered. Over the last twelve months Meydan recorded 9,047 registered rental contracts and 1,176 ready sales, all filed with the Dubai Land Department. These are signed contracts, not asking prices.
Rent registered at AED 128 per sqft against a ready sale price of AED 1,977 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 Meydan moved +3.3% against the twelve months before.
The shorter window disagrees. On the most recent three months of contracts the same community reads -10.3%. 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 | 4,560 | 50,938 | 145 | +4.1% |
| 1 bedroom | 2,908 | 77,906 | 116 | +2.5% |
| 2 bedroom | 1,311 | 118,363 | 100 | +0.8% |
| 3 bedroom | 265 | 146,225 | 97 | +1.4% |
| All apartments | 9,047 | 72,309 | 128 | +3.3% |
Full Meydan 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.
Developer: MAG
Type: Apartments, Studios, Townhouses
