What is the rental yield in MAG Eye 890?

MAG Eye 890 returns 7.10% gross — median annual rent from new Ejari contracts over the median resale price, before service charge, agency fees or vacant months. Measured across 628 rental contracts registered in the last 24 months.

How much does a studio in MAG Eye 890 cost?

The median registered sale price is AED 760,000 (1,800 AED/sqft), from 23 Dubai Land Department sales in the last 24 months. This is a price paid, not an asking price.

What are apartments in MAG Eye 890 selling for right now?

Registered sales of ready units in MAG Eye 890 over the last 12 months have a median of 1,875 AED/sqft, across 9 sales. That is the freshest window holding at least five, and it excludes off-plan. It is a median of what traded, not a valuation of a specific unit — floor, view and condition all move a real price and none of them is in it.

Have prices in MAG Eye 890 risen or fallen?

Median price per square foot moved +7.8% over the last 12 months against the 12 before it, on 23 registered sales. On a sample this size, read the direction rather than the exact figure.

How does MAG Eye 890 compare with Sheikh Mohammed Bin Rashid Gardens?

Its 7.10% gross yield sits -0.4 pts against the Sheikh Mohammed Bin Rashid Gardens median of 7.51%, computed at the same bedroom grain over the same 24-month window.

MAG Eye 890 — rental prices & yield | Sheikh Mohammed Bin Rashid Gardens, Dubai

Buy: 760,000AED; AED 1,875/sqft
Long-let: 55,000AED; AED 133/sqft · 7.10%
Short-let: 12.41%; AED 411/night · 0.97/sqft

Price per sqft: Median of 9 registered sales of ready units in the last 12 months, most recent May 2026.

Priced off the last 5 sales — most recent May 2026.

Yield spread: -0.4 pts; vs the Sheikh Mohammed Bin Rashid Gardens median for this unit type
AED/yr/sqft: AED 133
Sales: 23
Rental contracts: 628
Renewal rent: AED 54,000/yr

12 months: +1.8%

Based on 23 sales and 628 rental contracts in the last 24 months. Rental data covers the whole MAG EYE Phase 1 project, not this tower alone.

MAG Eye 890 is an apartment building in Sheikh Mohammed Bin Rashid Gardens, Dubai, one of the towers in the MAG EYE Phase 1 development. The closest metro station is Noor Bank Metro Station, the nearest mall Dubai Mall and the nearest landmark Downtown Dubai. Land Department records for it run from 2019 to 2026, 368 registered sales in all — the 23 in the last 24 months are what every median above is computed from.

Rent history

Median annual rent per sqft registered in MAG Eye 890, by year.

Monthly median AED per sqft per year, smoothed over three months. The band along the bottom is the number of records each month.

Rents by bedroom type

Type	Median rent	AED/yr/sqft	Yield	Contracts
Studio	AED 55,000	133	7.10% -0.4 pts	628
1 bed	AED 85,000	107	6.67% +0.4 pts	307

Deltas compare each yield with the Sheikh Mohammed Bin Rashid Gardens median for the same unit type. How these yields are computed

How these yields are computed

Each yield divides the median rent by the median of the last 3 months of sales — or of the last 5 sales where the last 3 months hold fewer than three. Off-plan and ready sales count alike, and each bedroom type is priced off its own sales.

Short-let rates around MAG Eye 890

Median nightly rate on Airbnb for a 7-night stay, priced across the coming year.

How short-let rates are measured

Rates are sampled for every month of the coming year, so the figure carries the full season rather than a winter or summer slice. Listing counts are what those searches returned on the first page — a floor on what the building actually lists, not a count of it. Airbnb publishes approximate coordinates, so even the tightest set — listings within 50 metres — is the building and its immediate neighbours. Where that set is too small to measure a bedroom type, the row widens to the surrounding 500-metre cluster and is marked “500m”.

Type	Nightly (AED)	AED/night/sqft	Net revenue at 80%	Long-let rent	Uplift	Short-let yield	Listings seen
Studio500m	411	0.97	AED 94,330	AED 55,000	1.7×	12.41%	4+
1 bed500m	488	0.65	AED 107,833	AED 85,000	1.3×	8.99%	16+

Nightly rate per sqft through the year

Median nightly rate per sqft by month of stay. Smaller, fainter points rest on fewer listings. Per-sqft puts different bedroom types on the same axis.

Net revenue assumes 80% occupancy — an assumption, not a measurement.

What the net revenue deducts

Occupancy is an assumption because no Dubai source publishes it per building — at half the occupancy, halve the revenue and the yield. From the nightly rate a guest sees, net revenue deducts Airbnb's 15.5% fee, then cleaning at 2 turnovers a month and utilities, both scaled to the unit's measured floor area. Service charge and mortgage are deliberately not deducted: neither comes out of the long-let rent beside it, and a service charge is owed whichever way the unit is let, so taking it off one side only would break the comparison. Neither figure is net of income tax or furnishing. Rows marked 500m widen to the surrounding cluster, because MAG Eye 890 itself had too few listings of that type to measure.

Recent transactions

As filed with the Land Department — data to 2026-08-26.

11 resales in the last 12 months, against 16 a year on average over 2023–2025.

Sales

Nothing registered in the last 3 months. Try a wider window.

Rental contracts

The rent figures on this page are pooled from this building’s project, so no individual contract can be attributed to this tower.

Nearby

Metro: Noor Bank Metro Station
Mall: Dubai Mall
Landmark: Downtown Dubai

Compare with nearby buildings

The most-traded buildings in MAG EYE Phase 1, on the same figures over the same window.

MAG Eye 900 · 4.79%
MAG Eye 920 · 7.25%
MAG 980 · 5.20%
MAG 970 · 4.46%
MAG 930 · 7.58%
MAG Eye 910 · 8.35%
MAG 960 · 7.34%

Common questions

What is the rental yield in MAG Eye 890?: MAG Eye 890 returns 7.10% gross — median annual rent from new Ejari contracts over the median resale price, before service charge, agency fees or vacant months. Measured across 628 rental contracts registered in the last 24 months.
How much does a studio in MAG Eye 890 cost?: The median registered sale price is AED 760,000 (1,800 AED/sqft), from 23 Dubai Land Department sales in the last 24 months. This is a price paid, not an asking price.
What are apartments in MAG Eye 890 selling for right now?: Registered sales of ready units in MAG Eye 890 over the last 12 months have a median of 1,875 AED/sqft, across 9 sales. That is the freshest window holding at least five, and it excludes off-plan. It is a median of what traded, not a valuation of a specific unit — floor, view and condition all move a real price and none of them is in it.
Have prices in MAG Eye 890 risen or fallen?: Median price per square foot moved +7.8% over the last 12 months against the 12 before it, on 23 registered sales. On a sample this size, read the direction rather than the exact figure.
How does MAG Eye 890 compare with Sheikh Mohammed Bin Rashid Gardens?: Its 7.10% gross yield sits -0.4 pts against the Sheikh Mohammed Bin Rashid Gardens median of 7.51%, computed at the same bedroom grain over the same 24-month window.

MAG Eye 890