MAG EYE Phase 1, Mohammed Bin Rashid City
Located in Mohammed Bin Rashid City, Dubai. Its price per sqft is −10% vs the MAG EYE Phase 1 median (AED 1,848/sqft).
Sale price
AED 685,000
- Per sqft
- AED 1,656
- Registered
- 19 Jun 2026, 10:43 (Dubai)
01 / Price history
This unit's history
Every registration of this studio apartment in MAG EYE Phase 1: same layout, exact size (414 sqft) and parking bay G-29. The registry has no unit numbers, so records are matched on these details.
19 Jun 2026This sale
414 sqft · AED 1,656/sqft · Ready
First recordAED 685,0009 Oct 2026Mortgage
Held 3 months · 414 sqft · AED 967/sqft · Ready
42%lower than the previous recordAED 400,000
- Records
- 2
- Held for
- 3 months
- until the next record on 9 Oct 2026
- Loan to value
- 58%
- AED 400K mortgage on the AED 685K sale
02 / The property
Property details
- Size
- 414 sqft · 38.44 m²
- Bedrooms
- Studio
- Registered as
- Sale
- Property sub-type
- Flat
- Usage
- Residential
- Tenure
- Freehold
- Parking
- G-29
- Nearest metro
- Business Bay Metro Station
- Nearest mall
- Dubai Mall
- Nearest landmark
- Downtown Dubai
03 / Comparables
All sales in MAG EYE Phase 1 (2 Jan 2026 – 13 Oct 2026)
73 market sales. Percentages compare each sale with this one.
04 / Renting it out
What similar apartments rent for
Median of 6 market rents of apartments of 352–476 sq ft in MAG EYE Phase 1. The gross yield is that rent against this sale's price, before service charges, fees and empty months.
- Median rent / yr
- AED 51,500
- Per sqft / yr
- AED 127/sqft
- Gross yield
- 7.5%