When will MAG EYE Phase 1 be completed?

The register records MAG EYE Phase 1 complete in February 2023. Dubai Land Department project register as of July 2026.

Is MAG EYE Phase 1 in escrow?

Yes: the Land Department register names بنك الإمارات دبي الوطني (ش.م.ع) as the project’s escrow agent, the bank that holds buyers’ payments for the developer. Dubai Land Department project register as of July 2026.

Who is the developer of MAG EYE Phase 1?

The register names the master developer, Meydan Group, which owns the land; the company building the project is not recorded. Dubai Land Department project register as of July 2026.

How many units does MAG EYE Phase 1 have?

904 registered units, of which 904 have a title issued. A title is issued at handover, so a live project shows few or none however many units have sold. Dubai Land Department project register as of July 2026.

Off-plan · DLD project register as of 6 Jul 2026

MAG EYE Phase 1

Completed 2023 · 904 units · started May 2018 · MAG City

Recorded complete in February 2023.

Built100%

Started May 2018Completed Feb 2023

DLD project register, Jul 2026

Titles issued: 904 of 904
Escrow: بنك الإمارات دبي الوطني (ش.م.ع)

Ask about a unit

Is MAG EYE Phase 1 a safe off-plan buy?Recorded complete in February 2023; no record of the builder

Is it on schedule?Recorded complete in February 2023, 18 months before its registered date · DLD project register, Jul 2026100%Context
Is my money protected?The register named the escrow agent: بنك الإمارات دبي الوطني (ش.م.ع)EscrowContext
Is the price fair?No off-plan sale registered in 12 months to price it onNo record
Is it selling?No off-plan sale registered in 12 months; the last in October 20240Context
Who is building it?The register names the master developer, Meydan Group; the builder is not recordedNo record

A registered date is not a delivery forecast · 79% of recorded completions carry their planned date to the day · DLD register, July 2026

How each reading works →

What is being built904 units, mostly studios; all titled

Type	Units	Titled
Studio	60066%	394–419	600
1 bed	29633%	750–890	296
2 bed	81%	1,268–1,268	8

DLD unit register · balconies a median 20% of unit area

Every unit, floor by floor →

Sizes run from the 10th to the 90th percentile of registered floor area, so one mislabelled unit cannot set the range. A title is issued at handover: a live project shows few or none however many units have sold, and an untitled unit is not necessarily for sale.

Every unit, as registered

904 units in DLD’s register for MAG EYE Phase 1, floor by floor.

Show 400 of 904 units

Floor	Unit	Type	Sqft	Balcony	Title issued
1	1 · 101	1 bed	857	71	Yes
1	1 · 101	Studio	427	90	Yes
1	1 · 101	1 bed	890	105	Yes
1	1 · 101	1 bed	897	111	Yes
1	1 · 101	1 bed	893	215	Yes
1	1 · 101	Studio	427	90	Yes
1	1 · 101	1 bed	900	106	Yes
1	1 · 101	1 bed	857	71	Yes
1	1 · 102	1 bed	863	233	Yes
1	1 · 102	1 bed	861	234	Yes

A title is issued at handover. “Not yet” means no title, which a reserved unit and an unsold one share; the register does not say which is for sale.

As registered with the Land DepartmentWhere MAG EYE Phase 1 is, and who is on its register row

Escrow agent: بنك الإمارات دبي الوطني (ش.م.ع)
Master developer: Meydan Group
Registered start: May 2018
Configuration: 8X (B+G+8+R) Residential Building & 694 townhouses G+1.The project designed to have a concrete structure and block with internal and external finishes.

Pills show median resale price per sqft, AED. 8 of 8 published towers pinned; verify a plot before relying on it.Open in Apple Maps

Construction progress is the percentage DLD recorded in its project register as of July 2026, the latest DLD record for this project; the register lags DLD’s inspections by months, so it is dated separately. The developer is the company licensed to build it, by the register’s own licence number; the master developer owns the land under it and is often another company entirely. Off-plan price is the median of registered off-plan sales across this project’s published buildings, 12 months to 12 Oct 2026.

Published buildings in MAG EYE Phase 1

Towers inside this project that have enough registered resales for their own record.

MAG 980

MAG City · 11 sales, 12 months

1,708

AED/sqft, resale median

MAG Eye 890

MAG City · 10 sales, 12 months

1,865

AED/sqft, resale median

MAG 960

MAG City · 10 sales, 12 months

1,775

AED/sqft, resale median

MAG Eye 910

MAG City · 8 sales, 12 months

1,653

AED/sqft, resale median

MAG Eye 920

MAG City · 7 sales, 12 months

1,756

AED/sqft, resale median

MAG 970

MAG City · 6 sales, 12 months

1,532

AED/sqft, resale median

MAG 930

MAG City · 6 sales, 12 months

1,869

AED/sqft, resale median

MAG Eye 900

MAG City · 5 sales, 12 months

1,757

AED/sqft, resale median

Ask about MAG EYE Phase 1

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Common questions

When will MAG EYE Phase 1 be completed?: The register records MAG EYE Phase 1 complete in February 2023. Dubai Land Department project register as of July 2026.
Is MAG EYE Phase 1 in escrow?: Yes: the Land Department register names بنك الإمارات دبي الوطني (ش.م.ع) as the project’s escrow agent, the bank that holds buyers’ payments for the developer. Dubai Land Department project register as of July 2026.
Who is the developer of MAG EYE Phase 1?: The register names the master developer, Meydan Group, which owns the land; the company building the project is not recorded. Dubai Land Department project register as of July 2026.
How many units does MAG EYE Phase 1 have?: 904 registered units, of which 904 have a title issued. A title is issued at handover, so a live project shows few or none however many units have sold. Dubai Land Department project register as of July 2026.

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Off-plan record for MAG EYE Phase 1

Record type: Project-level off-plan register record
Data date: 2026-10-12
Evidence base: 904 registered units; DLD project register as of 2026-07-06
Sources: Dubai Land Department project register, construction inspections and title register; sale transactions
Canonical record: /off-plan/apartments/dubai/mag-city/mag-eye-phase-1
Method: Definitions and calculations

Cite as: Dubai Wealth Index. “MAG EYE Phase 1, off-plan.” MAG City, Dubai. Register to 2026-07-06, data to 2026-10-12. https://dubaiwealthindex.com/off-plan/apartments/dubai/mag-city/mag-eye-phase-1