MAG City area in Dubai - prices, rents and cap rates

Cap rates for projects in MAG City area in Dubai

Data as of September 2024

Project	Sale price, AED/sqm	Rent, AED/sqm/ year	Cap rate
MAG Eye	18,439	1,256	6.8%

The cap rate (rental yield) in MAG City is 6.8%.

Sales prices for off-plan (pre registration and delayed sell) properties in MAG City

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
Studio	38	18,389	700,213
1	70	18,603	1,300,000

Rents in MAG City

Rooms	Size, sqm	Rent, AED/sqm/ year	Rent, AED
Studio	39	1,256	49,000

Price for off-plan Studio apartment in MAG City is 700,213 AED or 18,389 AED/sqm.
Price for off-plan 1 bedroom apartment in MAG City is 1,300,000 AED or 18,603 AED/sqm.

Rent in MAG City is 18,603 AED/sqm/year on average for long term rent of an apartment.

Rent for Studio apartment in MAG City is 49,000 AED or 1,256 AED/sqm.

Residential property projects in MAG City

Off-plan	Ready
MAG Eye (100%)	-

Share of off-plan projects in sales in MAG City is 100%

Sales and rents in MAG City in October 2024

Project name	Sale price, AED/sqm	Pre. reg sales	Delayed sales	Sales	Rent, AED/sqm/ year	Rent contracts
MAG Eye	18,439	7			1,256	2

Cap rate (or rental yield) - gross capitalization rate based on long term rentals, before taxes, fees and service charges and without accounting for delays between long term rentals. Shown average prices and rents.

(x%) shows share of off-plan properties in sales in the last complete month