MortgageReady
Mortgage of AED 400,000: Studio Apartment in MAG EYE Phase 1
Located in Mohammed Bin Rashid City, Dubai. Mortgage values are registered loan amounts, not sale prices, so this record is not used in price statistics.
Loan amount
AED 400,000
- Per sqft
- AED 967
- Registered
- 9 Oct 2026, 11:14 (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.
414 sqft · AED 1,656/sqft · Ready
First recordAED 685,0009 Oct 2026This mortgage
Held 3 months · 414 sqft · AED 967/sqft · Ready
42%lower than the previous recordAED 400,000
- Records
- 2
- Held for
- 3 months
- since the sale on 19 Jun 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
- Mortgage Registration
- 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, latest 30 shown. Percentages compare each sale with this one.
| Sale record | Recorded | Value · AED | AED / sqft |
|---|---|---|---|
| 13 Oct 2026 | 1.11M+178% vs selected | 1,478+53% vs selected | |
| 7 Oct 2026 | 2M+400% vs selected | 1,418+47% vs selected | |
| 5 Oct 2026 | 3.79M+847% vs selected | 2,594+168% vs selected | |
| 2 Oct 2026 | 725K+81% vs selected | 1,742+80% vs selected | |
| 21 Sept 2026 | 1.36M+239% vs selected | 1,622+68% vs selected | |
| 10 Sept 2026 | 3.63M+807% vs selected | 2,609+170% vs selected | |
| 7 Sept 2026 | 600K+50% vs selected | 1,459+51% vs selected | |
| 7 Sept 2026 | 700K+75% vs selected | 1,700+76% vs selected | |
| 31 Aug 2026 | 2.71M+578% vs selected | 2,284+136% vs selected | |
| 24 Aug 2026 | 1.23M+206% vs selected | 1,407+46% vs selected | |
| 17 Aug 2026 | 1.21M+203% vs selected | 1,520+57% vs selected | |
| 14 Aug 2026 | 3M+650% vs selected | 2,127+120% vs selected | |
| 10 Aug 2026 | 28.54K−93% vs selected | 72−93% vs selected | |
| 10 Aug 2026 | 33.12K−92% vs selected | 84−91% vs selected | |
| 7 Aug 2026 | 29.52K−93% vs selected | 72−93% vs selected | |
| 4 Aug 2026 | 1.18M+195% vs selected | 1,582+64% vs selected | |
| 27 Jul 2026 | 34.56K−91% vs selected | 84−91% vs selected | |
| 27 Jul 2026 | 58.33K−85% vs selected | 140−85% vs selected | |
| 23 Jul 2026 | 730K+83% vs selected | 1,755+82% vs selected | |
| 22 Jul 2026 | 700K+75% vs selected | 1,685+74% vs selected | |
| 15 Jul 2026 | 690K+73% vs selected | 1,751+81% vs selected | |
| 12 Jul 2026 | 1.15M+188% vs selected | 1,433+48% vs selected | |
| 8 Jul 2026 | 3.55M+788% vs selected | 2,551+164% vs selected | |
| 7 Jul 2026 | 700K+75% vs selected | 1,707+77% vs selected | |
| 30 Jun 2026 | 1.13M+183% vs selected | 1,515+57% vs selected | |
| 29 Jun 2026 | 680K+70% vs selected | 1,654+71% vs selected | |
| 26 Jun 2026 | 3.75M+838% vs selected | 2,536+162% vs selected | |
| 24 Jun 2026 | 1.1M+175% vs selected | 1,382+43% vs selected | |
| 19 Jun 2026 | 685K+71% vs selected | 1,656+71% vs selected | |
| 17 Jun 2026 | 1.2M+200% vs selected | 1,513+57% vs selected |
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.
- Median rent / yr
- AED 51,500
- Per sqft / yr
- AED 127/sqft