Project · Rents

MAG EYE Phase 1 Rent Prices

MAG EYE Phase 1 recorded 1,637 rent contracts from 1 Feb 2024 – 20 Oct 2026. The 1,589 market rents among them (one property, about a year) have a median of AED 95,000 a year (AED 122/sqft a year). MAG EYE Phase 1's median rent per sqft is in line with Mohammed Bin Rashid City (AED 122/sqft a year). New contracts (median AED 90,000) were 38% below renewals (AED 145,000).

Apartments here yield about 7.6% gross: AED 126/sqft a year in rent against AED 1,654/sqft to buy. Gross: before service charges, fees and empty months.

Median rent / yr: AED 95K
Per sqft / yr: AED 122
Contracts: 1,637
Gross yield: 7.6%

1 Feb 2024 – 20 Oct 2026

01 / Contracts

Latest MAG EYE Phase 1 rent contracts

5 visibleShowing 1–5

Registered rent contracts. Annual rents in AED. Where a row says Start date, no registration date is on record and the date is when the contract starts.
Property	Annual rent Per sq ft	Specs	Registered
MAG EYE Phase 1 Mohammed Bin Rashid City · Apartment	AED 50,000AED 119 per sq ft	Apartment420 sq ft	20 Oct 2026New contract
MAG EYE Phase 1 Mohammed Bin Rashid City · Apartment	AED 120,000AED 286 per sq ft	Apartment420 sq ft	18 Oct 2026New contract
MAG EYE Phase 1 Mohammed Bin Rashid City · Apartment	AED 45,000AED 105 per sq ft	Apartment431 sq ft	15 Oct 2026New contract
MAG EYE Phase 1 Mohammed Bin Rashid City · Apartment	AED 50,000AED 126 per sq ft	Apartment397 sq ft	14 Oct 2026New contract
MAG EYE Phase 1 Mohammed Bin Rashid City · Apartment	AED 50,000AED 108 per sq ft	Apartment463 sq ft	14 Oct 2026Renewal
MAG EYE Phase 1 Mohammed Bin Rashid City · Apartment	AED 41,000AED 96 per sq ft	Apartment431 sq ft	13 Oct 2026New contract
MAG EYE Phase 1 Mohammed Bin Rashid City · Apartment	AED 55,000AED 137 per sq ft	Apartment397 sq ft	12 Oct 2026New contract
MAG EYE Phase 1 Mohammed Bin Rashid City · Apartment	AED 43,000AED 93 per sq ft	Apartment463 sq ft	11 Oct 2026Renewal

1,632 more contracts

Guests see the latest 5 rent contracts of each project and community. Create an account to see all 1,637.

02 / Property types

MAG EYE Phase 1 rents by property type

Median annual rent of market rents.

Market rent medians. Annual rents in AED.
Property type	Contracts	Median rent · AED / yr	AED / sqft / yr
Apartment385 – 1,268 sqft	838	56K AED	126
Villa / Townhouse1,187 – 4,736 sqft	751	170K AED	119

03 / Apartment sizes

MAG EYE Phase 1 apartment rents by size

Rent contracts don't record bedrooms for flats, so apartments are grouped by size.

Market rent medians. Annual rents in AED.
Size	Contracts	Median rent · AED / yr	AED / sqft / yr
Under 500 sq ft385 – 471 sqft	580	55K AED	133
500–800 sq ft743 – 797 sqft	135	85K AED	113
800–1,200 sq ft802 – 909 sqft	118	88.5K AED	105
1,200–1,800 sq ft1,268 sqft	5	146K AED	115

04 / Bedrooms

MAG EYE Phase 1 rents by bedrooms, where known

Bedrooms as registered (villas), or from sales of the same floor plan in the same project. Contracts without either aren't counted here.

Market rent medians. Annual rents in AED.
Bedrooms	Contracts	Median rent · AED / yr	AED / sqft / yr
Studio391 – 456 sqft	339	55K AED	134
1 bedroom746 – 900 sqft	151	85K AED	107

Latest MAG EYE Phase 1 rent contracts

MAG EYE Phase 1 rents by property type

MAG EYE Phase 1 apartment rents by size

MAG EYE Phase 1 rents by bedrooms, where known

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