MAG City Meydan

Key facts

Handover (past)

Q4 2023

Status

Ready

Ownership

freehold

Property types

apartment

Availability

Sold out

How MAG City Meydan compares

Entry here is AED 750,840, against a median of AED 3.1M across the 5 priced projects in MAG City, the lowest entry price in the community. The plan opens at 15% down, against a Dubai median of 10%, so it asks 5% more up front than the typical plan. Handover lands in Q4 2023, alongside 46 other projects completing in the same quarter. MAG Property Development has 18 projects in our catalogue, 5 of them in MAG City.

Measured across our own catalogue of Dubai off-plan projects, refreshed with the source listings. Entry price is the lowest advertised unit price in a project, not an average transaction value.

Payment plan

Available units

Amenities

• Gymnasium
• Restaurants
• Shared Pool
• Children's Play Area

Location

MAG City Meydan sits in Mohammed Bin Rashid City.

Master plan

The developer’s own site plan for MAG City Meydan, showing how the buildings, roads and open space sit together.

What you pay, and when

At launch, payments were staged 15% on booking, 45% during construction and 40% at handover. Buying now means a resale from a private owner, on whatever terms the two sides agree.

Registration with the Dubai Land Department adds 4% of the purchase price, roughly AED 28,000 at this resale price. The 15% booking payment sits in a RERA-supervised escrow account rather than with MAG Property Development, held under Dubai's Law 8 of 2007 and drawn down against certified construction progress.

What the entry price works out at

The cheapest unit with a published size is 391 square feet at AED 750,840, which works out at AED 1,920 per square foot. Stated sizes run from 391 to 1,281 square feet.

Handover and construction

MAG City Meydan handed over in Q4 2023.

Ownership and residency

MAG City Meydan is sold freehold, so a buyer of any nationality can own a unit outright and hold the title deed. The cheapest resale listed sits below the AED 2,000,000 property threshold the 10 year UAE golden visa asks for, though 2 bedroom units here start at AED 2,459,914 and clear it on their own.

Who it suits

The development is apartments in studio to 2 bedroom layouts. The developer has sold out, so anything available here is a resale from a private owner.

What is on site

Shared facilities recorded for MAG City Meydan are the block most Dubai developments carry: gymnasium, restaurants, shared pool and children's play area. 10 floor plans are published for it.

Frequently asked