MAG EYE Phase 1: what it actually trades at
MAG EYE Phase 1 is a mixed development in Hadaeq Sheikh Mohammed Bin Rashid with 105 registered salesin the current data window. Everything on this page comes from the registry: prices buyers actually paid, never asking prices or a brochure's ambitions.
Apartments, registered (Aug 2026)
| Layout | Median sold price | AED/sqft | Registered sales |
|---|---|---|---|
| Studio | AED 750K | 1,792 | 43 |
| 1 bedroom | AED 1.4M | 1,711 | 28 |
| All layouts | AED 790K | 1,756 | 71 |
Villas and townhouses, registered (Aug 2026)
| Layout | Median sold price | AED/sqft | Registered sales |
|---|---|---|---|
| All layouts | AED 3.3M | 2,330 | 34 |
Latest registered transaction: AED 58K on 2026-07-27.
MAG EYE Phase 1 against Hadaeq Sheikh Mohammed Bin Rashid
On apartments, MAG EYE Phase 1 trades 26% below the Hadaeq Sheikh Mohammed Bin Rashid median of AED 2,385/sqft. A premium says the market rates the building; a discount is either the opportunity or the warning, and telling those apart is the viewing.
On villas, MAG EYE Phase 1 trades 4% above the Hadaeq Sheikh Mohammed Bin Rashid median of AED 2,250/sqft. A premium says the market rates the building; a discount is either the opportunity or the warning, and telling those apart is the viewing.
Questions buyers ask about MAG EYE Phase 1
How much does an apartment in MAG EYE Phase 1 cost?
The registered median across 71 sales is AED 790K, around AED 1,756 per square foot. That is what buyers actually paid at the Hadaeq Sheikh Mohammed Bin Rashid registry, not an asking price. Bedroom-level medians are in the table above.
What was the last registered sale in MAG EYE Phase 1?
The most recent registered transaction in the current data window completed on 2026-07-27 at AED 58K. Registered sales appear here as the registry publishes them.
Is MAG EYE Phase 1 expensive for Hadaeq Sheikh Mohammed Bin Rashid?
On apartments it trades 26% below the Hadaeq Sheikh Mohammed Bin Rashid area median of AED 2,385 per square foot. On villas it trades 4% above the Hadaeq Sheikh Mohammed Bin Rashid area median of AED 2,250 per square foot. Whether that premium or discount is justified depends on the building: ask us for the honest read.