MAG Eye - Meydan - Mohammad bin Rashid City  

MAG Eye is an upcoming gated residential community by MAG Property Development in Meydan featuring 4,000 apartments and 536 townhouses.

Master Community: Meydan
Location: Al Khail Road
Status: Under Construction
Year Launched: 2017
Estimated Completion Date: March 2020
Developer: Mag Property Development
Title Type: Freehold
Quality Classification: Mid-end
Life Cycle: Under Construction
Under-Construction Townhouses: 536
Under-Construction Apartments: 4,000

Investment Feasibility & Decision Drivers

Snapshot summary for investing in MAG Eye

Investment Score

Value for Money
68%
Project Uniqueness
70%
Location & Connectivity
70%
Rental Yield Expectation
65%
Capital Growth Expectation
75%
More information on investment scores

Total Score

Synopsis

Sale Status: Units available in primary & secondary market

Payment Plan: Average payment-plan

Ideal for: End-Users & Investors

Price Range: AED 1,100 PSF - AED 1,350 PSF

Unit Types Available: N/A

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What Our Experts Think

MAG Eye is an upcoming gated community in Meydan District 7 featuring apartments and townhouses. This is one of the only townhouse communities (other than The Polo Townhouses) that is about a 10 min. drive to Downtown Dubai and about a 7 min. drive to District One, MBR City. The developer has offered a 50-50 payment plan, with only 5% required as down payment, 45% payable during construction, and 50% payable upon completion. These units are slightly cheaper than The Polo Townhouses, as MAG Eye townhouses are slightly smaller in size.

Interested in buying a townhouse or apartment in Meydan?

Apartments and Townhouses in a new community, MAG Eye. 3 and 4 bedroom townhouses starting from AED 2,680,000. Contact for more information.

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About MAG Eye

Overview

MAG Eye is an upcoming gated residential community in Meydan featuring a total of 4,000 apartments and 536 townhouses, with views of the city skyline. This is a AED 4 billion project launched at Cityscape Global 2017. MAG Eye is located in District 7 of Meydan. This development will be easily accessible from Al Khail Road and is in close proximity to Downtown Dubai and District One. Completion is expected in Q1-2020. 

This community will feature mainly studios and one bedroom apartments and three and four bedroom townhouses.  There are four types of townhouses. 

Sizes

Townhouse TypeBuilt-up Size RangePlot Size Range
3A2,371 sq. ft. - 2,870 sq. ft. 2,202 sq. ft. - 2,391 sq. ft.
4A2,592 sq. ft. - 2,678 sq. ft. 2,202 sq. ft. - 2,391 sq. ft.
4B2,946 sq. ft. - 3,026 sq. ft. 3,952 sq. ft.
4C2,946 sq. ft. - 3,026 sq. ft. 3,667 sq. ft.

Prices

TypeStarting Price (AED)
Townhouse 3A2,600,000
Townhouse 4A2,900,000
Townhouse 4B3,400,000
Townhouse 4C3,500,000

Payment Plan

PercentageMilestone
5%At the time of booking
5%9 Instalments payable every 2 months
50%Upon Completion (Q1-2020)

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