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ReadyHanded over

MAG EYE Phase 1

by Mag Eye Real Estate Development - Fz Dubai Hills Estate

About MAG EYE Phase 1

MAG EYE Phase 1 is a residential development by Mag Eye Real Estate Development - Fz, in Dubai Hills Estate, Dubai. It rises 9 storeys (1 basement level, a ground floor, 8 floors and a roof), built as a concrete structure with internal and external finishes. The project comprises 904 homes across 8 buildings.

Key information

Developer
Mag Eye Real Estate Development - Fz
Handover
Q1 2023
Status
Handed over
Location
Dubai Hills Estate, Dubai
Master project
Hadaeq Sheikh Mohammed Bin Rashid - Disrict 7
Construction started
2018
Number of buildings
8
Number of units
904
Villas
694
Registered with DLD
25 Mar 2018
Escrow bank
Emirates NBD
Escrow account no.
0205420707303
DLD transfer fee
4%

Source: official Dubai Land Department project data.

Project timeline

  1. Construction started
    2018
  2. Handed over
    Q1 2023

Construction progress

159 inspection photos from the Dubai Land Department. Latest 16 Aug 2024 at 100% complete.

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Amenities

Physical features recorded on the Dubai Land Department buildings register.

Covered Parking
16 Elevators
9 Floors

Sales and prices

Recorded sales from the Dubai Land Department register, not asking prices.

Recorded sales
2,335
Median price
AED 1.2M
Median price / sqft
AED 1K+1213%
Off-plan share
81%

Priced 32% below than the Hadaeq Sheikh Mohammed Bin Rashid median of AED 2K/sqft.

Sold by bedroom

LayoutSoldTypical sizeAvg priceAvg / sqft
Studio898412 sqftAED 543KAED 1K
1 Bed425814 sqftAED 1.1MAED 1K
2 Bed5191,197 sqftAED 1.7MAED 1K
3 Bed3901,544 sqftAED 2.1MAED 1K
4 Bed833,565 sqftAED 3.5MAED 984

Price per sqft by year

+1213% since 2018

AED/sqft

Recent recorded sales

DateTypeSizePricePrice / sqft
10 Sept 2026Resale1,392 sqftAED 3.6MAED 3K
07 Sept 2026Resale412 sqftAED 700KAED 2K
07 Sept 2026Resale411 sqftAED 600KAED 1K
31 Aug 2026Resale1,187 sqftAED 2.7MAED 2K
24 Aug 2026Resale871 sqftAED 1.2MAED 1K
17 Aug 2026Resale796 sqftAED 1.2MAED 2K
14 Aug 2026Resale1,411 sqftAED 3.0MAED 2K
04 Aug 2026Resale746 sqftAED 1.2MAED 2K

Unit mix

128 registered units, by layout and size, from the Dubai Land Department.

LayoutUnitsSize range
Studio104385 - 471 sqft
1 B/R24746 - 909 sqft

Payment plan

Payment plans are set by Mag Eye and change with each release. We'll send the plan that applies to the units available now, with the milestone breakdown.

Request the payment plan

Location

Approximate location in Dubai Hills Estate, Dubai.

Dubai Hills Estate

Dubai, United Arab Emirates

Frequently asked questions

MAG EYE Phase 1 has already been handed over (Q1 2023), according to Dubai Land Department records.

Other new projects in Dubai Hills Estate

More off-plan launches around Dubai Hills Estate.

See all

Handover Q1 2023100% complete

MAG EYE Phase 1

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