DLD project no. 2033Completed1,598 units
MAG EYE Phase 1 ماج آي المرحلة 1 Completed 1 February 2023 (DLD) · DLD end date Aug 2024 · DLD register as of 1 November 2026 DLD register as of 1 November 2026. Dates are the ones registered with DLD.
Completed projects cannot be added to My units.
CompletionDLD readings of % built, beside the share of the planned period gone
% built
28 October 2026| Date | % built | Source |
|---|---|---|
| 16 August 2024 | 100% | DLD inspection |
| 3 July 2024 | 94.5% | DLD inspection |
| 11 June 2024 | 94% | DLD inspection |
| 12 May 2024 | 82% | DLD register, archived export |
| 12 June 2023 | 81.9% | DLD inspection |
| 26 September 2022 | 73.2% | DLD inspection |
| 5 August 2022 | 54% | DLD register, archived export |
| 11 April 2022 | 54.2% | DLD inspection |
| 18 January 2022 | 40.7% | DLD inspection |
| 12 September 2021 | 27.1% | DLD inspection |
| 3 May 2021 | 20% | DLD inspection |
| 2 February 2021 | 10.5% | DLD inspection |
| 21 October 2020 | 5.5% | DLD inspection |
| 13 August 2020 | 7.5% | DLD inspection |
| 12 March 2020 | 1.8% | DLD inspection |
| 24 November 2019 | 1.3% | DLD inspection |
| 18 February 2019 | 0.1% | DLD inspection |
| 7 November 2018 | 0.1% | DLD inspection |
Source: Dubai Land Department projects register, as of 1 November 2026. Earlier readings: archived DLD projects exports of 5 August 2022, 12 May 2024. Source: Dubai Land Department, Project Status inspections (dates and % only), collected on 7 November 2026. DLD Project Status ↗
Site timeline
± 6 monthsOur imagery reading holds no milestone for this project yet.
Our reading of historical satellite imagery
Registered period and actual build
Source: DLD projects register. Build time: our calculation from DLD’s start and completion dates.
Changes in the DLD register
No change to the end date, status or % built across the register exports we hold.
Source: DLD projects register exports, compared by CraneScore. Planned dates against DLD's completion date. In 69% of completed projects in the register the completion date and the DLD end date are the same day, which suggests DLD sets the end date at completion, so this comparison can show no gap where there was one.
Building permits
157 of 702 buildingsBuildings on the project’s plots: 702, on construction permits: 49, as Dubai Municipality lists them.
Furthest stage reached: Final works.
| Work stage | Buildings |
|---|---|
| Finishes | 545 |
| Final works | 157 |
Source: Dubai Municipality building permits, export of 26 October 2026. These dates and stages are Dubai Municipality’s records, not DLD’s register.
DLD registration
DLD services ↗Homes: flats 904 · villas 694.
Also registered: other units 1.
Counts from DLD's units register; villas from its buildings register. Sizes: the middle half of the homes' registered areas (25th to 75th percentile), villas by built-up area. Source: Dubai Land Department open data (units and buildings registers, export of 5 November 2026), under the Dubai Data Open Data Licence.
Description in the DLD register: 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.
DLD's own services for this project, including the Dubai REST app: dubailand.gov.ae
Price historyRegistered sale prices for this project, in AED per sq ft, with the number of sales in each figure.
AED · sqft
Fewer than 5 sales with a size were registered in the first 90 days, so no launch price is shown.
Prices are over apartments, the type most sales in this project are.
| Bedrooms | Sales, 24 months | Latest median AED/sqft | Latest sales |
|---|---|---|---|
| Studio | 154 | 1,687 (15) | May 2026 – Nov 2026 |
| 1 BR | 99 | 1,513 (12) | May 2026 – Nov 2026 |
Launch price: median AED/sqft of the project's off-plan home sales in the 90 days from its first one, for a first sale on or after 1 March 2020; Skyline Index uses the same rule. Latest: home sales of the last 12 months after the launch window, ready and off-plan; the change compares the same home types. The bedroom table compares the launch window with the last 6 months (12 when 6 have fewer than 5 sales). Off-plan registrations include developer sales and resales; DLD open data does not tell them apart. Sales more than 4 times off the median are left out.
Median AED/sqft by quarter
2020-Q1 → 2026-Q4| Quarter | Registered sales | Median AED/sqft | DLD area Hadaeq Sheikh Mohammed Bin Rashid |
|---|---|---|---|
| 2020-Q1 | 2 (off-plan 2, ready 0) | — | 1,148 |
| 2020-Q2 | 54 (off-plan 54, ready 0) | 1,035 | 1,175 |
| 2020-Q3 | 9 (off-plan 9, ready 0) | 1,139 | 930 |
| 2020-Q4 | 149 (off-plan 149, ready 0) | 1,065 | 1,050 |
| 2021-Q1 | 284 (off-plan 284, ready 0) | 1,157 | 1,227 |
| 2021-Q2 | 441 (off-plan 441, ready 0) | 1,148 | 1,288 |
| 2021-Q3 | 122 (off-plan 122, ready 0) | 1,148 | 1,322 |
| 2021-Q4 | 103 (off-plan 103, ready 0) | 1,106 | 1,365 |
| 2022-Q1 | 89 (off-plan 89, ready 0) | 1,421 | 1,440 |
| 2022-Q2 | 91 (off-plan 91, ready 0) | 1,405 | 1,457 |
| 2022-Q3 | 39 (off-plan 39, ready 0) | 1,424 | 1,502 |
| 2022-Q4 | 86 (off-plan 86, ready 0) | 1,510 | 1,680 |
| 2023-Q1 | 71 (off-plan 71, ready 0) | 1,499 | 1,748 |
| 2023-Q2 | 37 (off-plan 37, ready 0) | 1,367 | 1,780 |
| 2023-Q3 | 35 (off-plan 35, ready 0) | 1,343 | 1,875 |
| 2023-Q4 | 49 (off-plan 49, ready 0) | 1,490 | 2,004 |
| 2024-Q1 | 48 (off-plan 42, ready 6) | 1,523 | 2,080 |
| 2024-Q2 | 45 (off-plan 25, ready 20) | 1,566 | 2,145 |
| 2024-Q3 | 54 (off-plan 30, ready 24) | 1,595 | 2,160 |
| 2024-Q4 | 90 (off-plan 3, ready 87) | 1,634 | 2,144 |
| 2025-Q1 | 89 (off-plan 0, ready 89) | 1,693 | 2,126 |
| 2025-Q2 | 66 (off-plan 0, ready 66) | 1,756 | 2,098 |
| 2025-Q3 | 41 (off-plan 0, ready 41) | 1,780 | 2,226 |
| 2025-Q4 | 35 (off-plan 0, ready 35) | 1,776 | 2,336 |
| 2026-Q1 | 30 (off-plan 0, ready 30) | 1,874 | 2,361 |
| 2026-Q2 | 19 (off-plan 0, ready 19) | 1,550 | 2,229 |
| 2026-Q3 | 20 (off-plan 0, ready 20) | 1,623 | 2,167 |
| 2026-Q4 | 13 (off-plan 0, ready 13) | 1,626 | 2,212 |
Median AED/sqft of registered sales per quarter (apartments). Source: DLD. Grey dashed line: DLD area Hadaeq Sheikh Mohammed Bin Rashid, median AED/sqft of ready sales of apartments by quarter. A quarter with fewer than 5 sales is left as a gap. The last quarter runs to 5 November 2026.
Registered sales per quarter
| Quarter | Registered sales | Median AED/sqft | DLD area Hadaeq Sheikh Mohammed Bin Rashid |
|---|---|---|---|
| 2020-Q1 | 2 (off-plan 2, ready 0) | — | 1,148 |
| 2020-Q2 | 54 (off-plan 54, ready 0) | 1,035 | 1,175 |
| 2020-Q3 | 9 (off-plan 9, ready 0) | 1,139 | 930 |
| 2020-Q4 | 149 (off-plan 149, ready 0) | 1,065 | 1,050 |
| 2021-Q1 | 284 (off-plan 284, ready 0) | 1,157 | 1,227 |
| 2021-Q2 | 441 (off-plan 441, ready 0) | 1,148 | 1,288 |
| 2021-Q3 | 122 (off-plan 122, ready 0) | 1,148 | 1,322 |
| 2021-Q4 | 103 (off-plan 103, ready 0) | 1,106 | 1,365 |
| 2022-Q1 | 89 (off-plan 89, ready 0) | 1,421 | 1,440 |
| 2022-Q2 | 91 (off-plan 91, ready 0) | 1,405 | 1,457 |
| 2022-Q3 | 39 (off-plan 39, ready 0) | 1,424 | 1,502 |
| 2022-Q4 | 86 (off-plan 86, ready 0) | 1,510 | 1,680 |
| 2023-Q1 | 71 (off-plan 71, ready 0) | 1,499 | 1,748 |
| 2023-Q2 | 37 (off-plan 37, ready 0) | 1,367 | 1,780 |
| 2023-Q3 | 35 (off-plan 35, ready 0) | 1,343 | 1,875 |
| 2023-Q4 | 49 (off-plan 49, ready 0) | 1,490 | 2,004 |
| 2024-Q1 | 48 (off-plan 42, ready 6) | 1,523 | 2,080 |
| 2024-Q2 | 45 (off-plan 25, ready 20) | 1,566 | 2,145 |
| 2024-Q3 | 54 (off-plan 30, ready 24) | 1,595 | 2,160 |
| 2024-Q4 | 90 (off-plan 3, ready 87) | 1,634 | 2,144 |
| 2025-Q1 | 89 (off-plan 0, ready 89) | 1,693 | 2,126 |
| 2025-Q2 | 66 (off-plan 0, ready 66) | 1,756 | 2,098 |
| 2025-Q3 | 41 (off-plan 0, ready 41) | 1,780 | 2,226 |
| 2025-Q4 | 35 (off-plan 0, ready 35) | 1,776 | 2,336 |
| 2026-Q1 | 30 (off-plan 0, ready 30) | 1,874 | 2,361 |
| 2026-Q2 | 19 (off-plan 0, ready 19) | 1,550 | 2,229 |
| 2026-Q3 | 20 (off-plan 0, ready 20) | 1,623 | 2,167 |
| 2026-Q4 | 13 (off-plan 0, ready 13) | 1,626 | 2,212 |
Registered sales per quarter, off-plan and ready units. Source: DLD.
Rents and gross yield
New Ejari rent contracts for apartments in this project, 12 months to 5 November 2026, against the 12 months before. Gross yield: the median annual rent over the median registered ready sale price of the same bedroom count in this project over the same 12 months.
| Bedrooms | Median annual rent | New contracts | Change on a year earlier | Gross yield |
|---|---|---|---|---|
| Studio | AED 52,000 | 296 | -5.5% | 7.1% |
| 1 BR | AED 80,000 | 138 | -9.1% | 6.2% |
Gross yield is before service charges, other costs and empty months.
New single-unit contracts only; renewals and contracts over several units are left out. A bedroom count shows from 5 contracts, a change needs 5 in both years and a yield 10 ready sales.
Source: Dubai Land Department open data (Ejari rent contracts and registered sales), under the Dubai Data Open Data Licence.
Mortgage registrations
Home mortgages DLD has registered on units in this project, per quarter, in the 12 quarters to 5 November 2026.
| Quarter | Mortgage registrations |
|---|---|
| 2024-Q1 | 4 |
| 2024-Q2 | 16 · registered amount AED 28.8M |
| 2024-Q3 | 12 · registered amount AED 34.2M |
| 2024-Q4 | 47 · registered amount AED 65.1M |
| 2025-Q1 | 47 · registered amount AED 70.2M |
| 2025-Q2 | 46 · registered amount AED 70.8M |
| 2025-Q3 | 28 · registered amount AED 35M |
| 2025-Q4 | 20 · registered amount AED 27.7M |
| 2026-Q1 | 21 · registered amount AED 38M |
| 2026-Q2 | 18 · registered amount AED 25.1M |
| 2026-Q3 | 19 · registered amount AED 33M |
| 2026-Q4 | 7 · registered amount AED 9.6M |
Mortgage registrations on homes per quarter. Source: DLD.
Mortgage registrations in the last 4 quarters (2026-Q1 to 2026-Q4): 65; registered amount AED 105.7M.
Since the first registration in 2020-Q1: 290 in all.
Counts DLD's mortgage registrations on homes in this project, including pre-registrations on off-plan units and lease-to-own registrations; portfolio and developer mortgages are left out. Amounts are the values DLD registers, shown for 5 registrations or more. A registration says nothing about the lender or the terms.
Source: Dubai Land Department open data, published on Dubai Data under the Dubai Data Open Data Licence. DLD Transactions dataset · Licence
Service charges
What owners pay a year in completed buildings of the project’s master community, from their owners’ association budgets. A building’s own charge is set by its own budget.
Median AED per sq ft a year of residential owners’ association budgets, each development counted once, in the newest budget year with at least 10 developments. Plots, shared areas and hotel rooms are left out. A budget is not any one owner’s bill.
Source: Dubai Land Department, owners’ association budgets (service charges).
Registered sales
The newest sales DLD has registered in this project, as DLD publishes them.
| Date | Market | Type | Size (sqft) | Price (AED) | AED/sqft |
|---|---|---|---|---|---|
| 5 November 2026 | ready | Apartment · Studio | 394 | 690,000 | 1,751 |
| 5 November 2026 | ready | Apartment · Studio | 412 | 500,000 | 1,214 |
| 3 November 2026 | ready | Apartment · 1 BR | 863 | 1,190,000 | 1,379 |
| 2 November 2026 | ready | Apartment · Studio | 416 | 695,000 | 1,671 |
| 30 October 2026 | ready | Villa · 2 BR | 1,426 | 2,910,000 | 2,041 |
| 29 October 2026 | ready | Apartment · Studio | 416 | 688,000 | 1,654 |
| 19 October 2026 | ready | Apartment · 1 BR | 746 | 1,215,000 | 1,629 |
| 19 October 2026 | ready | Apartment · Studio | 412 | 670,000 | 1,626 |
| 14 October 2026 | ready | Apartment · 1 BR | 793 | 1,200,000 | 1,513 |
| 13 October 2026 | ready | Apartment · 1 BR | 753 | 1,112,200 | 1,477 |
Each sale as DLD registers it. Off-plan registrations include developer sales and resales, which DLD open data does not tell apart. DLD publishes no buyer or seller names. Shown on this page only, not as a download.
Source: Dubai Land Department open data, published on Dubai Data under the Dubai Data Open Data Licence. DLD Transactions dataset · Licence
LocationHadaeq Sheikh Mohammed Bin Rashid · Dubai Municipality community
Places near the project
Straight-line distances from the project’s map pin, rounded to 10 m. The nearest place of each kind.
Dubai Municipality · Makani · © OpenStreetMap contributors · RTA
New homes within 1.5 km
Open projects within 1.5 km of the pin: 17, with 1,191 units and villas.
| DLD end year | Projects | Units and villas |
|---|---|---|
| 2026 | 1 | 41 |
| 2027 | 7 | 763 |
| 2028 | 5 | 216 |
| 2029 | 3 | 171 |
| No end date | 1 | 0 |
Open projects within 1.5 km of the pin, by DLD end year Highlighted: this project’s DLD end year.
Open projects in Hadaeq Sheikh Mohammed Bin Rashid: 26
Open projects in the same DLD area, by registered sales in 24 months.
| Project | Built | DLD end date | AED/sqft, 12 mo | Sales, 24 mo |
|---|---|---|---|---|
| Rosehill | 7.8% | Jun 2029 | 2,245 | 531 |
| Vida Residences Club Point | 43.5% | Feb 2029 | 2,306 | 484 |
| Vida Residences Hillside | 10% | May 2029 | 2,492 | 451 |
| Parkwood | 15% | Jan 2029 | 2,416 | 403 |
| Palace Residences Hillside A | 7.9% | Jun 2029 | 2,571 | 349 |
| Hillsedge | 25.6% | Jan 2029 | 2,489 | 331 |
| Keturah Reserve | 10% | Jun 2027 | 3,682 | 318 |
| City View Dubai Hills Residences | 38.8% | Mar 2027 | 2,800 | 230 |
| Eden Hills | 3.5% | Dec 2026 | — | 153 |
| Greencrest | 1.2% | Jun 2029 | 2,225 | 145 |
| Club Place | 68.8% | Dec 2028 | 2,306 | 141 |
| Golf Hillside | 65.8% | Dec 2028 | 2,485 | 92 |
AED/sqft: median of the project’s registered home sales in the last 12 months, ready and off-plan; a dash with too few sales.
Developer in DLD data Mag Eye Real Estate Development - FZ · DLD developer no. 1225
Completed a month or more after their DLD end date: 0 of 1 completed projects with both dates. In 0 of them the completion date equals the DLD end date, which DLD may set at completion, so this count can understate the gap.
Source: DLD projects register, export of 1 November 2026. Medians: our calculation, 3 projects or more.
Other projects in Hadaeq Sheikh Mohammed Bin Rashid - Disrict 7
DLD lists 1 projects in the master project Hadaeq Sheikh Mohammed Bin Rashid - Disrict 7.
Questions about MAG EYE Phase 1
When was MAG EYE Phase 1 completed?
MAG EYE Phase 1 is recorded as completed on 1 February 2023 (DLD register of 1 November 2026).
Who is the developer of MAG EYE Phase 1?
Mag Eye Real Estate Development - FZ, as registered with DLD.
What is the DLD project number of MAG EYE Phase 1?
2033.
Source: Dubai Land Department open data: projects register (export of 1 November 2026) and registered sales to 5 November 2026; Dubai Statistics Center price index. Methodology · Report a data error