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

Cap rates for projects in MAG City area in Dubai

Data as of May 2025

Project	Sale price, AED/sqm	Rent, AED/sqm/ year	Cap rate
MAG Eye	18,499	1,317	7.1%

The cap rate (rental yield) in MAG City is 7.1%.

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

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
1	79	18,752	1,483,220
2	118	17,190	2,025,000

Sales prices for completed properties in MAG City

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
Studio	38	19,014	721,080
1	75	17,912	1,337,000

Rents in MAG City

Rooms	Size, sqm	Rent, AED/sqm/ year	Rent, AED
Studio	38	1,401	53,662
1	75	1,155	86,625

Price for off-plan 1 bedroom apartment in MAG City is 1,483,220 AED or 18,752 AED/sqm.
Price for off-plan 2 bedroom apartment in MAG City is 2,025,000 AED or 17,190 AED/sqm.

Price for completed Studio apartment in MAG City is 721,080 AED or 19,014 AED/sqm.
Price for completed 1 bedroom apartment in MAG City is 1,337,000 AED or 17,912 AED/sqm.

Rent for Studio apartment in MAG City is 53,662 AED or 1,401 AED/sqm.
Rent for 1 bedroom apartment in MAG City is 86,625 AED or 1,155 AED/sqm.

Residential property projects in MAG City

Off-plan	Ready
-	MAG Eye

Share of off-plan projects in sales in MAG City is 0%

Sales and rents in MAG City in May 2025

Project name	Sale price, AED/sqm	Pre. reg sales	Delayed sales	Sales	Rent, AED/sqm/ year	Rent contracts
MAG Eye	18,313		3	13	1,317	38

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.