Dubai Land Department Off-Plan Register

Mag 960 Launch Prices

Off-plan in Hadaeq Sheikh Mohammed bin Rashid - District 7 · Developer launch registrations from the Dubai Land Department off-plan register

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At a glance

Launch Summary

93 developer launch sales registered at Mag 960 between Feb 2022 and Jun 2024: 100% apartments, most commonly 1-bed units, typically around 787 sqft.

Launch sales
93
DLD off-plan registrations, all time
Median launch /sqft
AED 1,512
All-time median
Last 12 months
0
no launch sales in the last year
Price range
AED 614,3241,724,220
Min – max registered

Bed mix: Studio 34% · 1-bed 56% · 2-bed 10%.

Every figure here is a registered developer launch price from the DLD off-plan register - a different kind of price from a ready-market resale, and kept entirely separate from KhaleejKeys' resale statistics.

Launch price history

Launch Price by Quarter

Median registered launch price per square foot at Mag 960, per quarter, with the number of launch sales registered in each.

QuarterLaunch salesMedian AED/sqft
2022 Q131AED 1,499
2022 Q230AED 1,521
2022 Q311AED 1,521
2022 Q411AED 1,512
2023 Q14AED 1,489
2023 Q21AED 1,583
2024 Q14AED 1,413
2024 Q21AED 1,395
Two different markets

Launch vs Resale

Mag 960 also has 23 ready-market resales registered with the DLD, the first on 19 November 2024 - 33 months after the first launch registration. A developer launch price and an arm's-length resale are different kinds of price; the gap is context, not a return.

Resales registered
23
23 in the last 2 years
Resale median /sqft
AED 1,775
last 2 years
Resale vs launch
+17%
ready-market median (2 yrs) vs all-time launch median

Resale prices and recent transactions at Mag 960 →

The latest launch sales

Recent Launch Registrations

Apartment · 1 Bed
909 sqft · 20 June 2024
AED 1,268,492
AED 1,395 /sqft
Apartment · 1 Bed
834 sqft · 13 March 2024
AED 1,100,000
AED 1,319 /sqft
Apartment · 2 Bed
1,268 sqft · 5 March 2024
AED 1,600,000
AED 1,262 /sqft
Apartment · 1 Bed
796 sqft · 15 January 2024
AED 1,200,000
AED 1,508 /sqft
Apartment · 1 Bed
793 sqft · 10 January 2024
AED 1,520,000
AED 1,917 /sqft

Developer launch registrations from the DLD off-plan register - not resales, and never blended into KhaleejKeys' resale prices.

Compare projects

Other Off-Plan Projects in Hadaeq Sheikh Mohammed bin Rashid - District 7

Off-plan in Hadaeq Sheikh Mohammed bin Rashid - District 7

Compare this project with every other off-plan launch registered in Hadaeq Sheikh Mohammed bin Rashid - District 7, or see the community's resale market.

All Hadaeq Sheikh Mohammed bin Rashid - District 7 projects

← Hadaeq Sheikh Mohammed bin Rashid - District 7 resale prices

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