MAG Eye Apartments, a major residential component of the MAG City masterplan, is a sophisticated urban project developed by MAG Property Development. Strategically positined in District 7 of Mohammed Bin Rashid (MBR) City, this particular gated community is designed to provide a tranquil yet connected lifestyle. The project focuses on “affordable luxury,” providing high-quality living spaces that cater to the needs of modern professionals and small families.
As of February 2026, the apartment buildings in MAG Eye (including specific blocks like MAG 930, 960, and 980) are ready for occupancy, with primary handover having commenced in late 2021. The community is celebrated for its walkable design, showcasing the city’s largest community clubhouse and vast green spaces. Residents can now enjoy stunning views of the Burj Khalifa and the Dubai skyline, all while being located in one of the most prestigious equestrian and residential districts in the world.
Property Details
| Feature | Details |
| Developer | MAG Property Development |
| Location | District 7, MBR City (Meydan) |
| Property Type | Residential Apartments |
| Starting Price | AED 800,000 (Current Market) |
| Government Fee | 4% DLD Fee |
| Unit Status | Ready to Move In |
| Ownership | 100% Freehold |
| Handover Date | Completed (Ready) |
| Views | Burj Khalifa, Dubai Skyline, & Community Parks |
Features & Amenities
| Feature | Details |
| Leisure | City’s largest community clubhouse and social hubs |
| Wellness | Fully equipped modern gym and adult & kids’ swimming pools |
| Outdoors | 35,000 sq. m. of parks, walking tracks, and landscaped gardens |
| Family | Dedicated kids’ play areas, nurseries, and nearby schools |
| Convenience | Retail outlets, supermarket, and on-site healthcare clinic |
| Security | 24/7 gated security with smart home automation options |
Location & Connectivity
Positioned in the heart of MBR City, MAG Eye offers exceptional access to Dubai’s core hubs:
- 05 mins, Meydan Racecourse
- 14 mins, Dubai Silicon Oasis
- 15 mins, Business Bay
- 16 mins, Downtown Dubai & Burj Khalifa
- 16 mins, Mall of the Emirates
- 19 mins, Dubai International Airport (DXB)
Payment Plan
| Stage | Percentage | Notes |
| Down Payment | 10% | At the time of booking |
| During Construction | 50% | Paid during the construction phase |
| Post-Handover | 40% | Paid over 24 months after move-in |
Note: Various post-handover structures (including 2-year and 3-year options) are available for remaining developer units and specific secondary market deals.
Floor Plans
Unit sizes at Mag Eye run from 391 to 756 square feet: Studio Apartment at 391 sq ft and 1-Bedroom Apartment at 756 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 474 Sq. Ft. | Efficient, light-filled layouts with built-in wardrobes |
| 1-Bedroom Apartment | 756 to 908 Sq. Ft. | Features a separate living area and powder room |
Note: Detailed floor plans and availability lists for specific blocks are available upon request.
Why Invest in MAG Eye Apartments
- Ready for ROI: As a completed project, investors can immediately benefit from rental yields, currently averaging 7% to 8% in the MBR City area.
- Affordable Entry Point: Offers one of the most accessible entry prices for a gated community in a premium “Tier 1” location like MBR City.
- Capital Appreciation: Proximity to the Meydan One Mall and the expansion of the Dubai Metro Blue Line ensures strong long-term value growth.
- High Tenant Demand: The community’s amenities and “green” walkable design make it a preferred choice for young professionals working in DIFC and Downtown.
- Proven Quality: Developed by MAG, a brand synonymous with quality and timely delivery in the UAE market.
FAQs About MAG Eye Apartments
Q1: Is the project still off-plan? A: No, the majority of the apartment blocks in MAG Eye are completed and ready to move in. Some specific townhouse phases within the wider MAG City project may still be under construction.
Q2: Are the apartments furnished?A: Many resale and developer units come fully furnished or with high-end kitchen appliances. Please check with your representative for specific unit inclusions.
Q3: What are the annual service charges? A: Service charges for MAG Eye Apartments typically range between AED 14 and AED 16 per square foot.
Q4: Can I get a residency visa by purchasing a unit here? A: Yes, since the starting prices exceed the minimum threshold for property investor visas, you may be eligible for a 2-year or 10-year Golden Visa.
Contact Cresco Real Estate Today
Would you like me to provide you with the current availability list for units with a direct Burj Khalifa view and a post-handover payment plan?
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 800,000, 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 800,000 |
| 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 31 August 2026. Dubai Land Department registered transactions via Bayut TruView, rolling 12 months to August 2026.
