Developer · #47 by 12M value
MAG Property Development
Market bulletin · Thu, 22 Oct 2026
MAG Property Development: median AED 1,328/sqft, down 7.4% over three months on 55 sales
MAG Property Development recorded 23 sales worth AED 39.2M in the 30 days to Thu, 22 Oct 2026, up 53.3% on the previous 30 days. Over the last week 9 sales were registered (AED 7.74M), against 2 the week before.
The median sale over the last three months was AED 1.15M, or AED 1,328/sqft — like-for-like prices per sqft down 7.4% on the previous three months and down 4.3% on a year earlier. Monthly medians over the past year ranged from AED 1,067/sqft to AED 2,124/sqft.
By market over 12 months: developer off-plan sales 37.8%, off-plan resales 5.4%, secondary (ready) sales 56.8%. Off-plan resales traded at a median 43.5% discount to developer prices per sqft.
MAG Property Development registered 405 sales worth AED 814M in 12 months across 10+ communities, ranking #47 among Dubai developers by value. Its most active project was MBL Signature (96 sales).
Median AED/sqft
Monthly median of all registered sales
View data table
| Date | AED/sqft |
|---|---|
| Oct 26 | AED 1,176 |
| Sept 26 | AED 1,314 |
| Aug 26 | AED 1,431 |
| Jul 26 | AED 1,731 |
| Jun 26 | AED 1,067 |
| May 26 | AED 1,557 |
| Apr 26 | AED 2,085 |
| Mar 26 | AED 1,458 |
| Feb 26 | AED 1,685 |
| Jan 26 | AED 1,936 |
| Dec 25 | AED 2,094 |
| Nov 25 | AED 2,124 |
| Oct 25 | AED 2,092 |
| Sept 25 | AED 1,780 |
| Aug 25 | AED 2,212 |
| Jul 25 | AED 1,896 |
| Jun 25 | AED 1,824 |
| May 25 | AED 1,450 |
| Apr 25 | AED 1,432 |
| Mar 25 | AED 1,378 |
| Feb 25 | AED 1,588 |
| Jan 25 | AED 1,531 |
| Dec 24 | AED 1,392 |
| Nov 24 | AED 1,339 |
Off-plan vs resale vs secondary
Monthly median AED/sqft by market (months with 10+ sales)
View data table
| Date | Off-plan (developer) | Off-plan resale | Secondary (ready) |
|---|---|---|---|
| Oct 26 | — | — | AED 1,176 |
| Sept 26 | — | — | AED 1,258 |
| Aug 26 | — | — | AED 1,409 |
| Jul 26 | — | — | AED 1,755 |
| Jun 26 | AED 817 | — | AED 1,423 |
| May 26 | — | — | — |
| Apr 26 | — | — | AED 1,546 |
| Mar 26 | — | — | AED 1,439 |
| Feb 26 | — | — | AED 1,597 |
| Jan 26 | AED 2,603 | — | AED 1,796 |
| Dec 25 | AED 2,403 | — | AED 1,607 |
| Nov 25 | AED 2,263 | — | AED 1,332 |
| Oct 25 | AED 2,182 | — | AED 1,773 |
| Sept 25 | AED 2,338 | AED 2,021 | AED 1,408 |
| Aug 25 | AED 2,251 | — | AED 1,326 |
| Jul 25 | AED 2,842 | — | AED 1,453 |
| Jun 25 | AED 2,812 | — | AED 1,168 |
| May 25 | AED 1,365 | — | AED 1,646 |
| Apr 25 | AED 1,485 | — | AED 1,381 |
| Mar 25 | — | — | AED 1,374 |
| Feb 25 | AED 1,642 | — | AED 1,478 |
| Jan 25 | AED 2,032 | — | AED 1,385 |
| Dec 24 | — | — | AED 1,392 |
| Nov 24 | — | — | AED 1,292 |
Sales per month
Registered sales by market
View data table
| Date | Off-plan (developer) | Off-plan resale | Secondary (ready) |
|---|---|---|---|
| Oct 26 | 2 | 0 | 16 |
| Sept 26 | 0 | 3 | 16 |
| Aug 26 | 3 | 0 | 13 |
| Jul 26 | 3 | 0 | 19 |
| Jun 26 | 10 | 1 | 10 |
| May 26 | 4 | 2 | 9 |
| Apr 26 | 6 | 1 | 10 |
| Mar 26 | 0 | 1 | 12 |
| Feb 26 | 6 | 2 | 25 |
| Jan 26 | 21 | 5 | 28 |
| Dec 25 | 27 | 6 | 30 |
| Nov 25 | 48 | 1 | 34 |
Period comparison
This market against its own past: each window vs the one before it and vs the same window a year earlier.
| Window | Sales | vs prior | Value | AED/sqft | vs prior |
|---|---|---|---|---|---|
| Last 1 month | 23 | up 53.3% | AED 39.2M | 1,168 | down 18.8% |
| Last 3 months | 55 | down 3.5% | AED 90.1M | 1,328 | down 12.5% |
| Last 6 months | 112 | down 60.0% | AED 177M | 1,425 | down 28.1% |
| Last 12 months | 405 | down 71.7% | AED 814M | 1,775 | up 14.5% |
Raw medians — the headline change above is like-for-like (same market, type and bedrooms).
| Market | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| Off-plan (developer) | 153 | 38% | AED 1.67M | 2,261 | up 4.5% |
| Off-plan resale | 22 | 5% | AED 829K | 1,277 | down 27.2% |
| Secondary (ready) | 230 | 57% | AED 1.05M | 1,499 | up 8.3% |
| Bedrooms | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| Studio | 139 | 34% | AED 855K | 2,028 | up 20.2% |
| 1 bedroom | 156 | 39% | AED 1.40M | 1,710 | up 22.8% |
| 2 bedrooms | 77 | 19% | AED 2.00M | 1,363 | down 5.4% |
| 3 bedrooms | 25 | 6% | AED 4.10M | 1,848 | up 7.4% |
| 4 bedrooms | 7 | 2% | AED 10.4M | 2,011 | up 19.3% |
| 5+ bedrooms | 1 | 0% | — | — | — |
| Type | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| Apartments | 376 | 93% | AED 1.28M | 1,840 | up 17.6% |
| Villas | 2 | 0% | — | — | — |
| Townhouses | 27 | 7% | AED 3.65M | 1,648 | up 8.1% |
| Price | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| Under AED 2M | 309 | 76% | AED 1.11M | 1,622 | up 17.5% |
| AED 2M–10M | 87 | 21% | AED 3.27M | 2,121 | up 14.1% |
| AED 10M–50M | 9 | 2% | AED 13.0M | 2,525 | up 8.0% |
Projects
By sales value, last 12 months
| Project | Sales 12M | AED/sqft | 3M |
|---|---|---|---|
| MBL SignatureJumeirah Lake Towers | 96 | 1,941 | — |
| MBL RoyalJumeirah Lake Towers | 22 | 1,854 | — |
| Mag Eye TownhousesDistrict Seven | 19 | — | — |
| Keturah Reserve TownhousesDistrict Seven | 5 | — | — |
| Ayaan Heights 1Sobha Hartland 2 | 28 | — | — |
| MAG 330City of Arabia | 32 | 1,158 | — |
| Keturah G1Al Jadaf | 5 | — | — |
| Mag 218 TowerDubai Marina | 22 | — | — |
| MAG 318 TowerBusiness Bay | 23 | — | — |
| MAG 214 TowerJumeirah Lake Towers | 17 | — | — |
| Keturah Reserve MU-09District Seven | 3 | — | — |
| Mag 22 Townhouses at MeydanMeydan City | 2 | — | — |
| Azura ResidencesDubai Islands | 5 | — | — |
| Mag 960District Seven | 9 | — | — |
| Mag 890District Seven | 10 | — | — |
Where MAG Property Development sells
Sales in this scope only, last 12 months
| Community | Sales 12M | AED/sqft | Share |
|---|---|---|---|
| Jumeirah Lake Towers | 135 | 2,210 | 30.6% |
| District Seven | 80 | 1,716 | 24.2% |
| Al Jadaf | 11 | 4,613 | 15.6% |
| Sobha Hartland 2 | 28 | 2,220 | 6.3% |
| Dubai South Residential District | 64 | 1,140 | 5.4% |
| City of Arabia | 32 | 1,166 | 4.3% |
| Dubai Marina | 22 | 1,364 | 4% |
| Business Bay | 23 | 2,287 | 3.5% |
| Al Furjan | 3 | — | 3.2% |
| Meydan City | 2 | — | 1.6% |
Biggest sales, last 3 months
| Price | Property | Date |
|---|---|---|
| AED 9.60M | 4 BR Townhouse · 5,410 sqftKeturah Reserve Townhouses · District Seven | 25 Sept |
| AED 4.40M | 3 BR Apartment · 2,264 sqftMBL Royal · Jumeirah Lake Towers | 1 Oct |
| AED 4.15M | 3 BR Apartment · 2,230 sqftMBL Royal · Jumeirah Lake Towers | 20 Aug |
| AED 4.10M | 3 BR Apartment · 2,219 sqftMBL Royal · Jumeirah Lake Towers | 29 Sept |
| AED 3.63M | 3 BR Townhouse · 2,248 sqftMag Eye Townhouses · District Seven | 10 Sept |
| AED 3.63M | 3 BR Townhouse · 3,281 sqftThe Estates by MAG · Al Furjan | 4 Sept |
Questions about MAG Property Development
What is the average price per sqft in MAG Property Development?
The median sale price in MAG Property Development over the last three months was AED 1,328 per sqft (median sale AED 1.15M), based on 55 sales registered with Dubai Land Department.
Are property prices in MAG Property Development going up?
Like-for-like prices per sqft are down 4.3% on a year earlier and down 7.4% on the previous three months.
How many properties were sold in MAG Property Development in the last year?
405 sales worth AED 814M were registered in the last 12 months: 38% developer off-plan, 5% off-plan resales and 57% secondary (ready) sales.
Source: Dubai Land Department registrations, data through Thu, 22 Oct 2026. Medians need at least five sales; like-for-like changes compare the same market, property type and bedroom count. DLD files townhouses as villas — we split them out where the project or unit name says townhouse.
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