704, Mag 980
Sold prices and rental history: sold once, by the developer in April 2021, and rented once, from February 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 704, Mag 980
What is 704 worth today?
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Source: Dubai Land Department. Updated 3 February 2026.
Key facts
- Type
- Studio apartment
- Size
- 417 sqft
- Floor
- 7th of 8
- Parking
- 1
- Developer
- MAG
- Completed
- 2023
- Last sold
- AED 440K · April 2021
- Building
- Mag 980
About 704, Mag 980
704 is a studio of 417 sqft on the 7th floor of Mag 980, a 8-storey tower in District Seven completed in 2023 by MAG. The developer sold it on 1 April 2021 for AED 440,000, or AED 1,055 per sqft, 4% above the AED 1,010 studios in the building were fetching at the time.
One Ejari contract is registered, from 3 February 2026. The current contract, renewed on 3 February 2026, is AED 54,000 a year: a gross yield of 12.3% on the 2021 price.
Sales and rents for 704 over time
704 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 980, and where 704 sits
All 85 studios →704 last sold in April 2021 at AED 1,055 per sqft, 4% above what studios in Mag 980 were fetching at the time (AED 1,010). Over the last 12 months studios sold for AED 735,000 to 800,000, around AED 1,920 per sqft, and rent for AED 46,200 to 60,000 a year. 704's AED 54,000 is in the upper half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 9 Feb 20269 February 2026 | 410 sqft | 735,000 | 1,792 | ||
| 31 Jul 202531 July 2025 | 391 sqft | 740,000 | 1,894 | ||
| 21 May 202521 May 2025 | 407 sqft | 675,000 | 1,657 | ||
| 15 May 202515 May 2025 | 410 sqft | 760,000 | 1,853 |
Mag 980
Building120 apartments, studios to 1-bed over 8 floors in District Seven, completed in 2023 by MAG. 4 sold in the last 12 months.
- Typical price per sqft
- AED 1,851
- Typical sale
- AED 1.08M
- Typical rent
- AED 56K /yr
- Typical yield
- 7.2%
Other units on the 7th floor
All 120 units in Mag 980| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 1-bed | 903 sqft | AED 858KAED 857,500 · Oct 2021October 2021 | ||
| 702 | 1-bed | 869 sqft | AED 1.28MAED 1,275,000 · Mar 2023March 2023 | 95,000 /yr | |
| 703 | Studio | 415 sqft | AED 772KAED 771,525 · Mar 2023March 2023 | ||
| 705 | Studio | 417 sqft | AED 480KAED 480,000 · Jul 2021July 2021 | ||
| 706 | Studio | 417 sqft | AED 421KAED 421,000 · Dec 2021December 2021 | ||
| 707 | Studio | 417 sqft | AED 615KAED 615,000 · Dec 2023December 2023 | 55,000 /yr | |
| 708 | Studio | 396 sqft | AED 620KAED 620,000 · Jan 2024January 2024 | 56,000 /yr | |
| 709 | Studio | 396 sqft | AED 400KAED 400,000 · Apr 2023April 2023 | 58,000 /yr | |
| 710 | 1-bed | 802 sqft | AED 1.18MAED 1,180,000 · Nov 2022November 2022 | 96,000 /yr | |
| 711 | 1-bed | 746 sqft | AED 1.08MAED 1,083,786 · Jul 2025July 2025 | ||
| 712 | Studio | 385 sqft | AED 710KAED 710,000 · Jan 2025January 2025 | 60,000 /yr | |
| 713 | 391 sqft | AED 800KAED 800,000 · Dec 2025December 2025 | |||
| 714 | Studio | 416 sqft | AED 480KAED 480,000 · Oct 2021October 2021 | ||
| 715 | Studio | 413 sqft | AED 700KAED 700,000 · Mar 2025March 2025 | 55,000 /yr |
704, Mag 980 in numbers
- Sold once: by MAG on 1 April 2021 for AED 440,000, or AED 1,055 per sqft.
- Rented since February 2026 on one Ejari contract, at AED 54,000 a year.
- At AED 54,000 a year the gross yield on the 2021 price is 12.3%.
- Studios in Mag 980 sold for AED 735,000–800,000 in the 12 months to November 2026; the building's median across all types is AED 1,851 per sqft.
Source: Dubai Land Department. Updated 3 February 2026.
Questions about 704, Mag 980
What did unit 704 last sell for?
AED 440,000 on 1 April 2021, sold by the developer: AED 1,055 per sqft for 417 sqft. It is the only registered sale of the unit.
What is the rent for unit 704?
AED 54,000 a year on the contract renewed on 3 February 2026.
How big is unit 704?
417 sqft (38.7 sqm): a studio on the 7th floor of a 8-storey tower completed in 2023.
What is unit 704 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Mag 980 sold for AED 735,000 to 800,000 in the last 12 months, around AED 1,920 per sqft.
Selling 704? Put it on the OpenOffers board
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Mortgage on 704, Mag 980
Starts from the last sale price (AED 440K, 1 April 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 440,000
- Deposit, UAE resident (20%)
- AED 88,000
- Deposit, non-resident (40%)
- AED 176,000
- Monthly over 25 years at 3.7%
- AED 1,800
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →