506, Mag 960
Sold prices and rental history: sold once, by the developer in March 2022, and rented once, from November 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 506, Mag 960
What is 506 worth today?
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Source: Dubai Land Department. Updated 7 November 2024.
Key facts
- Type
- Studio apartment
- Size
- 411 sqft
- Floor
- 5th of 8
- Parking
- 1
- Developer
- MAG
- Completed
- 2023
- Last sold
- AED 638K · March 2022
- Building
- Mag 960
About 506, Mag 960
506 is a studio of 411 sqft on the 5th floor of Mag 960, a 8-storey tower in District Seven completed in 2023 by MAG. The developer sold it on 15 March 2022 for AED 637,815, or AED 1,551 per sqft, in line with the AED 1,535 studios in the building were fetching at the time.
One Ejari contract is registered, from 7 November 2024. The current contract, signed on 7 November 2024, is AED 55,000 a year: a gross yield of 8.6% on the 2022 price.
Sales and rents for 506 over time
506 has sold once; the dashed line is the studio median of each year in the building.
Studios in Mag 960, and where 506 sits
All 30 studios →506 last sold in March 2022 at AED 1,551 per sqft, in line with what studios in Mag 960 were fetching at the time (AED 1,535). Over the last 12 months studios sold for AED 610,000 to 750,000, around AED 1,775 per sqft, and rent for AED 58,000 to 78,000 a year.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 18 Feb 202618 February 2026 | 411 sqft | 610,000 | 1,483 | ||
| 23 Dec 202523 December 2025 | 411 sqft | 750,000 | 1,824 | ||
| 9 Dec 20259 December 2025 | 411 sqft | 730,000 | 1,775 | ||
| 31 Jul 202531 July 2025 | 411 sqft | 780,000 | 1,896 |
Mag 960
Building88 apartments, studios to 2-bed over 8 floors in District Seven, completed in 2023 by MAG. 6 sold in the last 12 months.
- Typical price per sqft
- AED 1,800
- Typical sale
- AED 1.07M
- Typical rent
- AED 92K /yr
- Typical yield
- 6.6%
Other units on the 5th floor
All 88 units in Mag 960| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 893 sqft | AED 1.45MAED 1,450,000 · Jan 2025January 2025 | ||
| 502 | 2-bed | 1,268 sqft | AED 1.41MAED 1,410,000 · Feb 2022February 2022 | ||
| 503 | Studio | 411 sqft | AED 638KAED 637,815 · Feb 2022February 2022 | ||
| 504 | Studio | 411 sqft | AED 625KAED 625,059 · Mar 2022March 2022 | ||
| 505 | Studio | 412 sqft | AED 667KAED 666,864 · Apr 2022April 2022 | 72,000 /yr | |
| 507 | 1-bed | 793 sqft | AED 1.21MAED 1,210,000 · Jul 2022July 2022 | ||
| 508 | 1-bed | 796 sqft | AED 1.21MAED 1,212,000 · Jul 2022July 2022 | ||
| 509 | 1-bed | 745 sqft | AED 1.2MAED 1,200,000 · Apr 2022April 2022 | ||
| 510 | 1-bed | 787 sqft | AED 1.11MAED 1,106,408 · Mar 2022March 2022 | ||
| 511 | 1-bed | 836 sqft | AED 1.45MAED 1,450,000 · Apr 2025April 2025 | 90,000 /yr |
506, Mag 960 in numbers
- Sold once: by MAG on 15 March 2022 for AED 637,815, or AED 1,551 per sqft.
- Rented since November 2024 on one Ejari contract, at AED 55,000 a year.
- At AED 55,000 a year the gross yield on the 2022 price is 8.6%.
- Studios in Mag 960 sold for AED 610,000–750,000 in the 12 months to November 2026; the building's median across all types is AED 1,800 per sqft.
Source: Dubai Land Department. Updated 7 November 2024.
Questions about 506, Mag 960
What did unit 506 last sell for?
AED 637,815 on 15 March 2022, sold by the developer: AED 1,551 per sqft for 411 sqft. It is the only registered sale of the unit.
What is the rent for unit 506?
AED 55,000 a year on the contract signed on 7 November 2024.
How big is unit 506?
411 sqft (38.2 sqm): a studio on the 5th floor of a 8-storey tower completed in 2023.
What is unit 506 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Mag 960 sold for AED 610,000 to 750,000 in the last 12 months, around AED 1,775 per sqft.
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Mortgage on 506, Mag 960
Starts from the last sale price (AED 638K, 15 March 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 637,815
- Deposit, UAE resident (20%)
- AED 127,563
- Deposit, non-resident (40%)
- AED 255,126
- Monthly over 25 years at 3.7%
- AED 2,609
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →