Mag Eye Phase 1

Completed

by Mag Eye Real Estate Development - Fz · Hadaeq MBR District 7

Updated 22 October 2026 · Source: DLD open data · Information, not financial advice. Not an official DLD product.

The median sale price in Mag Eye Phase 1 is AED 1.30M (AED 1,850 per sqft), in line with the Hadaeq MBR District 7 median of AED 1,868 per sqft, from 104 sales in the last 12 months. It is completed and trades as ready homes. The escrow account is at Emirates Nbd Bank (P.J.S.C).

Build progress100%

Planned handoverAug 2024

Units128

Median priceAED 1.30Mmiddle half AED 780K to AED 2.88M

Price / sqftAED 1,850area median AED 1,868

Sales, 12 months1042,381 since launch

Schedule check

Completed. Units trade as ready homes.

Progress gap compares build progress with the share of planned time already used. A project 40% built after using 60% of its planned time shows -20 pts.

Registry details

Project number2033

DeveloperMag Eye Real Estate Development - Fz

BrandMAG

Escrow bankEmirates Nbd Bank (P.J.S.C)

Start date1 May 2018

Registered25 March 2018

DLD areaHadaeq Sheikh Mohammed Bin Rashid

CommunityHadaeq MBR District 7

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Questions buyers ask

How much does a home in Mag Eye Phase 1 cost?

The median DLD sale price is AED 1.30M (AED 1,850 per sqft), from 104 sales in the last 12 months. The middle half of sales ran from AED 780,000 – AED 2.88M.

Is Mag Eye Phase 1 completed?

Yes. The DLD registry lists the project as completed, so units trade as ready homes.

Who is the developer of Mag Eye Phase 1?

Mag Eye Real Estate Development - Fz. The DLD registry lists 1 projects by this developer, 1 of them completed.

Ask before you buy off-plan

Is the project registered with DLD and is the escrow account in the developer's name at the bank shown here?
What share of the price must be paid before the developer allows resale?
What does the sale agreement say about delay compensation and the latest handover date?
Is the payment plan linked to construction milestones or to calendar dates?

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Source: DLD project registry and sales, via Dubai Data. Data through 22 October 2026. Registry dates can lag official extensions. Source · ZoneIQ gives information, not financial or investment advice. Figures are medians and estimates. Check any unit yourself before you commit.