MAG EYE Phase 1, Dubai Hills Estate: Prices, Rents and Recent Sales

Updated 3 October 2026 · Source: Dubai Land Department records · All Dubai area guides

How much does it cost to buy or rent in MAG EYE Phase 1?

Tenants paid a median of AED 80,000 a year over the past 6 months (413 Ejari contracts) and AED 80,000 over 12 months (830 contracts).

Source: DLD-recorded sales and Ejari contracts for MAG EYE Phase 1, Hadaeq Sheikh Mohammed Bin Rashid. "6 months" and "12 months" mean the 6 and 12 months to the latest data.

MAG EYE Phase 1 at a glance

Developer, district and sales from Dubai Land Department records; status from registered Ejari leases; sizes are the typical registered unit size of each type.

Rents in MAG EYE Phase 1

Over the past 6 months, 413 rent contracts were registered here, with a median of AED 80,000 a year (about AED 6,667 a month) and half paying between AED 51,000 and AED 160,000. Over 12 months the median was AED 80,000 across 830 contracts. The range covers every unit size in the building, so a studio and a 3-bedroom sit in the same figures.

Source: DLD Ejari rent contracts (new and renewed) registered in the 6 and 12 months to 7 October 2026.

Prices and rents by bedroom in MAG EYE Phase 1

Over the past 6 months, a typical studio in MAG EYE Phase 1 rented for AED 48,000 a year. Over 12 months the figures were AED 55,000 a year to rent.

Rents and gross yield

Sale prices: median of DLD-recorded sales of each type in the 6 and 12 months to 7 October 2026 (at least 3 sales). Rents: median of Ejari contracts registered in each period (at least 5), matched to each type by the building's registered unit sizes. Gross yield is annual rent divided by the sale price for the same period, before service charges and other costs. – means too few records in that period, or a figure still being compiled.

How prices have moved around MAG EYE Phase 1

The median price per sq ft across Dubai Hills Estate went from AED 2,288 in Q4 2024 to AED 2,279 in Q3 2026, down 0.4%, and down 6.1% on the same quarter a year earlier.

District figures: DLD-recorded sales across Hadaeq Sheikh Mohammed Bin Rashid, quarters with at least 10 sales. A building-level chart replaces this once enough quarterly data is loaded.

Location: what's near MAG EYE Phase 1

• Metro: Equiti (6.9 km)
• Schools: GEMS International School, Al Khail (2.9 km), GEMS National school for Girls (4.2 km), GEMS Founders school (4.7 km)
• Hospitals: Kings Hospital (2.0 km), Quttainah Specialized Hospital (8.0 km)
• Malls: Dubai Hills Mall (3.0 km), City Centre Al Barsha (4.4 km)
• Beach: Jumeirah Public Beach (9.3 km)
• Park: Dubai Hills Park (2.5 km)
• Airports: Dubai International Airport (19.7 km), Al Maktoum International Airport (23.4 km)

Straight-line distances from the centre of Dubai Hills Estate, not from the building itself; driving distances are longer. Map data © OpenStreetMap contributors.

How MAG EYE Phase 1 compares with Dubai Hills Estate

The district's gross rental yield was 5.5% in the same report. MAG EYE Phase 1 is by Mag Eye Real Estate Development - Fz, and DLD recorded 276 sales in the project over the past 24 months.

Market reports

For the wider picture, read our monthly reports built from the same DLD records.

• Dubai market report, August 2026: Prices firm as volume slips in August. A pause, or a turn?

Before you buy in MAG EYE Phase 1

• Ask for the service charge per sq ft and the last two years of statements.
• Check whether the unit is ready or off-plan. For off-plan, get the handover date and payment plan in writing.
• Compare the asking price with recorded sales in the same building, not just the area median.
• Get mortgage pre-approval before you make an offer, so you know your real budget.

Questions buyers and owners ask

What is the rent in MAG EYE Phase 1?

The median annual rent was AED 80,000 across 413 Ejari contracts in the past 6 months, and AED 80,000 across 830 contracts over 12 months. Half of those leases fell between AED 51,000 and AED 160,000.

Who developed MAG EYE Phase 1?

Mag Eye Real Estate Development - Fz, according to the DLD project register.

Which area is MAG EYE Phase 1 in?

DLD records it in Hadaeq Sheikh Mohammed Bin Rashid, the district that covers Dubai Hills Estate.

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