License expires Aug 2027
MAG EYE REAL ESTATE DEVELOPMENT - FZ
License #788142 · Registered 2018 · 100% avg completion
01Developer verdict
CONDITIONAL BUY
1 completed, 0 under construction. Verify delivery history before committing. Average yield 9.4%. Best performer: MAG EYE Phase 1 (#112). License renewal due Aug 2027 — verify before committing to under-construction projects.
Top projects by rank: MAG EYE Phase 1 (#112)
02Key numbers
Total projects
1
DLD registered
Completed
1
100% done
Under construction
0
in progress
Avg yield
9.4%
on par / above
Sales (12m)
153
transactions
Rent contracts (12m)
808
strong demand
Occupancy
89%
808 / 904 units
03Portfolio breakdown
1
projects
Completed1
Under construction0
Pending0
Recent completion track record
MAG EYE Phase 1finished
04Risk assessment
05Project portfolio — top performers
| Project | Rank | Yield | Growth | Total | AED/m² | |
|---|---|---|---|---|---|---|
| MAG EYE Phase 1finishedHadaeq Sheikh Mohammed Bin Rashid | #112 | 9.4% | — | — | 13.956 | Analyze project → |
06Before you buy from this developer
critical
Verify license renewal plan
License #788142 expires Aug 2027. Confirm renewal status before any commitment on active/pending projects.
context
Overall risk: MEDIUM
MAG EYE REAL ESTATE DEVELOPMENT - FZ has 1 completed projects. Completed projects carry lower developer risk than off-plan.
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