507, Mag 970
Sold prices and rental history: sold once, by the developer in November 2023, and rented once, from April 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 507, Mag 970
What is 507 worth today?
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Source: Dubai Land Department. Updated 5 April 2025.
Key facts
- Type
- Studio apartment
- Size
- 417 sqft
- Floor
- 5th of 8
- Parking
- 1
- Developer
- MAG
- Completed
- 2023
- Last sold
- AED 780K · November 2023
- Building
- Mag 970
About 507, Mag 970
507 is a studio of 417 sqft on the 5th floor of Mag 970, a 8-storey tower in District Seven completed in 2023 by MAG. The developer sold it on 24 November 2023 for AED 779,520, or AED 1,869 per sqft, 18% above the AED 1,583 studios in the building were fetching at the time.
One Ejari contract is registered, from 5 April 2025. The current contract, signed on 5 April 2025, is AED 55,000 a year: a gross yield of 7.1% on the 2023 price.
Sales and rents for 507 over time
507 has sold once; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Mag 970, and where 507 sits
All 39 studios →507 last sold in November 2023 at AED 1,869 per sqft, 18% above what studios in Mag 970 were fetching at the time (AED 1,583). 507's AED 55,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 26 May 202526 May 2025 | 409 sqft | 740,000 | 1,807 | ||
| 21 Mar 202521 March 2025 | 408 sqft | 725,000 | 1,774 | ||
| 4 Feb 20254 February 2025 | 409 sqft | 640,000 | 1,563 | ||
| 7 Nov 20247 November 2024 | 411 sqft | 670,000 | 1,629 |
Mag 970
Building96 apartments, studios to 1-bed over 8 floors in District Seven, completed in 2023 by MAG. 3 sold in the last 12 months.
- Typical price per sqft
- AED 1,623
- Typical sale
- AED 1.38M
- Typical rent
- AED 90K /yr
- Typical yield
- 7.2%
Other units on the 5th floor
All 96 units in Mag 970| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 903 sqft | AED 1.32MAED 1,316,963 · May 2022May 2022 | 100,000 /yr | |
| 502 | 1-bed | 869 sqft | AED 1.1MAED 1,095,451 · Jul 2022July 2022 | ||
| 503 | Studio | 408 sqft | AED 725KAED 725,000 · Mar 2025March 2025 | ||
| 504 | Studio | 417 sqft | AED 652KAED 652,288 · Dec 2021December 2021 | ||
| 505 | Studio | 417 sqft | AED 635KAED 635,000 · Mar 2024March 2024 | 66,000 /yr | |
| 506 | Studio | 417 sqft | AED 505KAED 505,000 · Oct 2021October 2021 | 52,000 /yr | |
| 508 | 1-bed | 802 sqft | AED 850KAED 850,000 · Oct 2021October 2021 | ||
| 509 | 797 sqft | AED 1.1MAED 1,100,000 · Sep 2025September 2025 | |||
| 510 | 1-bed | 752 sqft | AED 990KAED 990,000 · Feb 2022February 2022 | ||
| 511 | 1-bed | 796 sqft | AED 1.1MAED 1,100,000 · Apr 2022April 2022 | ||
| 512 | 1-bed | 843 sqft | AED 1.31MAED 1,307,324 · Jul 2022July 2022 |
507, Mag 970 in numbers
- Sold once: by MAG on 24 November 2023 for AED 779,520, or AED 1,869 per sqft.
- Rented since April 2025 on one Ejari contract, at AED 55,000 a year.
- At AED 55,000 a year the gross yield on the 2023 price is 7.1%.
Source: Dubai Land Department. Updated 5 April 2025.
Questions about 507, Mag 970
What did unit 507 last sell for?
AED 779,520 on 24 November 2023, sold by the developer: AED 1,869 per sqft for 417 sqft. It is the only registered sale of the unit.
What is the rent for unit 507?
AED 55,000 a year on the contract signed on 5 April 2025.
How big is unit 507?
417 sqft (38.7 sqm): a studio on the 5th floor of a 8-storey tower completed in 2023.
What is unit 507 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 507, Mag 970
Starts from the last sale price (AED 780K, 24 November 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 779,520
- Deposit, UAE resident (20%)
- AED 155,904
- Deposit, non-resident (40%)
- AED 311,808
- Monthly over 25 years at 3.7%
- AED 3,189
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →