Mag Eye in Mohammed Bin Rashid City
Mag Eye · Mohammed Bin Rashid City, Dubai
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Launch Price
AED 2.27M
Property Type
Mixed-Use
Bedrooms
2 - 4 Beds
Payment Plan
10/30/20/40
Handover
TBC
Projected Yield
5.5 to 7.5%
Mag Eye enters the Mohammed Bin Rashid City off-plan market as a multiple/other project with a starting price of AED 2.27M. Payment plan options are available directly through the developer. Projected gross returns run in the 5.5 to 7.5% range annually, in line with similar off-plan product in Dubai. MonthlyDubai sends personalised shortlists to WhatsApp within 48 hours. Free to use, no agency commission involved.
Payment Plan Breakdown
From AED 32,414/month during construction · No mortgage required
| Phase | % | Split | Amount |
|---|---|---|---|
| On Booking | 10% | AED 226,900 Due on signing SPA |
|
| Construction Phase 1 | 30% | AED 45,380/mo 15 monthly instalments |
|
| Construction Phase 2 | 20% | AED 32,414/mo 14 monthly instalments |
|
| On Handover | 40% | AED 907,600 Due at TBC |
|
| Total | AED 2,269,000 | ||
On Booking
10%
AED 226,900
Due on signing SPA
Construction Phase 1
30%
AED 45,380/mo
15 monthly instalments
Construction Phase 2
20%
AED 32,414/mo
14 monthly instalments
On Handover
40%
AED 907,600
Due at TBC
Total
100%
AED 2,269,000
Questions about Mag Eye
What payment plan does Mag Eye offer?
Mag Eye uses a 10/30/20/40 payment plan. Buyers pay 10% at booking, with the remaining spread across construction and handover in TBC.
Can I buy this project without a mortgage?
Yes. Dubai off-plan developer payment plans do not require bank approval or a mortgage. You pay instalments directly to the developer on a fixed schedule through to handover.
Is this project registered with RERA?
MonthlyDubai only matches buyers with RERA-registered off-plan projects. All funds are held in government-supervised escrow accounts and released only as construction milestones are verified.
How do I find out if this fits my monthly budget?
Use the form on this page. Enter your monthly instalment capacity and WhatsApp number, and the MonthlyDubai team will confirm whether Mag Eye fits your budget and send you comparable alternatives.
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