MAG 980, MBR City
MAG 980 is a residential apartment building in MAG City (marketed earlier as MAG Eye), the MAG Property Development masterplan in Meydan District 7, Mohammed Bin Rashid City (MBR City). The building is complete and actively transacting, with studio and one-bedroom apartments joining six other numbered MAG City buildings, MAG 890, MAG 900, MAG 910, MAG 920, MAG 930 and MAG 960, that Royale Stays already covers nearby. This guide covers MAG 980's location, unit mix and honest Airbnb income potential, with management available from a fee starting at 15%.
Developer
MAG Property Development
Unit Types
Studio-1BR
Area
MBR City, District 7
Community
MAG City (formerly MAG Eye)
Status
Complete, ready to move in
About MAG 980
MAG 980 is a residential building within MAG City, a mixed-use community developed by MAG Property Development in Meydan District 7, part of Mohammed Bin Rashid City (MBR City). The community was originally marketed as MAG Eye before the MAG City rebrand, so both names still appear across listing and booking portals for the same development, including live listings and OTA bookings that still refer to units in this building as "MAG Eye 980".
MAG 980 sits alongside its numbered neighbours in the same early apartment cluster of MAG City: MAG 900, which Royale Stays also covers, along with MAG 890, MAG 910, MAG 920, MAG 930 and MAG 960 nearby. MAG City is also home to a separate Royale Stays managed villa with its own published Airbnb performance data on MAG City, MBR City: that figure is specific to the villa product and does not carry over to MAG 980, which is a separate apartment building with its own income profile. Royale Stays manages the setup, pricing and guest side of listing a MAG 980 apartment for a fee starting from 15%.
Location & Nearby Landmarks
MAG 980 sits within MBR City District 7, close to Polo Residence Park and within a few kilometres of Meydan Racecourse, The Track Meydan Golf and the Meydan Hotel. From MAG City it is roughly 13 minutes' drive to Dubai Mall, 21 minutes to Palm Jumeirah, 19 minutes to Burj Al Arab and 25 minutes to The Walk JBR, with Dubai International Airport around 20 minutes away and Al Maktoum International Airport around 39 minutes away.
For a wider view of the area's short-term rental market, Royale Stays' Airbnb management guide for MBR City covers licensing and demand across the area.
Unit Types
Current listings show MAG 980 offering studio apartments (roughly 390-410 sq ft) and one-bedroom apartments with two bathrooms (roughly 796-860 sq ft), consistent with the unit-type pattern already confirmed for its numbered MAG City neighbours MAG 890, MAG 900, MAG 910, MAG 920 and MAG 930. MAG City as a whole also includes larger apartments and townhouses, but those are separate structures within the wider community, not part of MAG 980 itself. Owners should confirm their own unit's exact layout against current listings rather than relying on a masterplan-wide description.
Amenities
MAG City's masterplan spans roughly 48,000 square metres, including about 8,000 square metres of retail and commercial space woven through landscaped walkways, per the developer's own project material. Individual MAG 980 units include private balconies, per current listings. Detailed on-site building facilities specific to MAG 980 itself (pool, gym, security, parking) were not independently confirmed in open sources at the time of this guide, so owners and guests should confirm current on-site facilities directly with the building's management, since amenity offerings can change over time.
Rental & Price Trends
Live listings for MAG 980 put the sale price range at roughly AED 770,000-1,500,000, averaging around AED 1 million, with a site-reported rental yield of approximately 7.6 percent (Property Finder Price Insights, 7 listings at the time of research). A live rental listing for a MAG 980 studio was found at AED 4,990 per month, roughly AED 59,880 per year, which sits within the broader Meydan-wide studio rental range. These are a snapshot of asking prices, not a guarantee, and owners are better served checking live portal listings (Bayut, Property Finder, Propsearch) directly for current figures.
Owners weighing a specific unit's numbers can run their own scenario through Royale Stays' ROI calculator.
Airbnb / Short-Term Rental Income Potential
MAG 980 already shows a genuine short-term-stay signal: a studio unit is listed directly on Airbnb ("Mag 980 – Cosy Studio with City Views in Meydan"), with a further listing for a one-bedroom unit on Booking.com under the building's pre-rebrand name ("MAG 980 – Airy One Bedroom in Meydan"), confirming existing short-term booking activity independent of anything Royale Stays has done there. Royale Stays does not currently have booking data specific to MAG 980 to draw on, so this guide does not present a building income figure it cannot support.
Short-term letting anywhere in Dubai, including at MAG 980, runs through a DTCM (Department of Economy and Tourism) holiday home permit, professional photography, dynamic pricing and day-to-day guest communication. MAG Property Development is the master developer behind MAG 980, not a hotel brand: there is no policy reason, unlike Vida, the site's only confirmed prohibited brand, that MAG 980 apartments can't be run as licensed holiday homes.
The wider operational approach is covered in Royale Stays' guide to Airbnb property management in Dubai, including furnishing, photography, pricing, check-in and guest communications for a fee starting from 15%. Royale Stays' guide to the Dubai holiday home permit covers what the process and fees generally involve. Owners ready to move forward can submit their property for a free earnings estimate.
Two third-party OTA listings found for this building (Airbnb and Booking.com, the latter under the building's earlier "MAG Eye 980" name) confirm existing short-term-stay activity; no Royale Stays-managed unit currently exists at MAG 980.
Questions