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Studio · 457 sqftMag 890, District Seven · 1st floor · completed 2023

116, Mag 890

Sold prices and rental history: sold 3 times, last in August 2025, and rented since 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 116 · DLD and Ejari recordsUpdated 19 August 2025
Last soldAED 785K19 August 2025
Current rentAED 40K /yr5 February 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 116, Mag 890

What is 116 worth today?

Last sold for AED 785,000 in 2025

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19 Aug 2025SoldReady
AED 785,000AED 1,717 per sqft
5 Feb 2025RentedNew contract
AED 40,000/yr12 months · AED 88 per sqft
5 Feb 2025RentedNew contract
AED 40,000/yr12 months · AED 88 per sqft
29 Jan 2025SoldReady
AED 700,000AED 1,531 per sqft
3 Jun 2020Sold by developerOff-plan
AED 426,000AED 1,019 per sqft

Source: Dubai Land Department. Updated 19 August 2025.

Key facts

Type
Studio apartment
Size
457 sqft
Floor
1st of 8
Parking
G-01
Developer
MAG
Completed
2023
Last sold
AED 785K · August 2025
Building
Mag 890

About 116, Mag 890

116 is a studio of 457 sqft on the 1st floor of Mag 890, a 8-storey tower in District Seven completed in 2023 by MAG. It last sold on 19 August 2025 for AED 785,000, or AED 1,717 per sqft, in line with the AED 1,740 studios in the building were fetching at the time.

It has been rented since 2025 on 2 Ejari contracts. The current contract, signed on 5 February 2025, is AED 40,000 a year: a gross yield of 5.1% on the 2025 price.

Sales and rents for 116 over time

Sales
Unit 116, each saleTypical studio in Mag 890
400K600K800K20192021202320252027Typical sale price by year: 2019 AED 425,000; 2020 AED 431,100; 2021 AED 518,000; 2022 AED 490,000; 2023 AED 602,500; 2024 AED 665,000; 2025 AED 755,000; 2026 AED 775,000Sold by developer, June 2020: AED 426,000 (AED 1,019 per sqft)Sold, January 2025: AED 700,000 (AED 1,531 per sqft)Sold, August 2025: AED 785,000 (AED 1,717 per sqft)

116 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 116, each contractTypical studio in Mag 890
40K50K2024202520262027Typical rent by year: 2024 AED 50,000; 2025 AED 55,000; 2026 AED 55,000New contract, February 2025: AED 40,000 a yearNew contract, February 2025: AED 40,000 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in Mag 890, and where 116 sits

All 104 studios →

116 last sold in August 2025 at AED 1,717 per sqft, in line with what studios in Mag 890 were fetching at the time (AED 1,740). Over the last 12 months studios sold for AED 607,782 to 800,000, around AED 1,874 per sqft, and rent for AED 40,000 to 65,000 a year. 116's AED 40,000 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
16 Oct 2026670,000
10 Aug 202633,116
12 May 2026800,000
16 Apr 2026607,782
10 studio sales in the last 12 months

Mag 890

Building

128 apartments, studios to 1-bed over 8 floors in District Seven, completed in 2023 by MAG. 12 sold in the last 12 months.

Typical price per sqft
AED 1,855 Up 8.0%
Typical sale
AED 775K
Typical rent
AED 57K /yr
Typical yield
7.0%
Mag 890, District Seven: prices, sales and rents →

Other units on the 1st floor

All 128 units in Mag 890
Value
101StudioAED 410K · Dec 2020
102StudioAED 430K · Sep 2020
103StudioAED 680K · Mar 2025
104StudioAED 396K · Apr 2019
105StudioAED 420K · Dec 2020
106StudioAED 605K · Jan 2024
107StudioAED 509K · Nov 2020
1–7 of 15

116, Mag 890 in numbers

  • Sold 3 times: first on 3 June 2020 for AED 426,000, last on 19 August 2025 for AED 785,000 (AED 1,717 per sqft).
  • Rented since February 2025 on 2 Ejari contracts, at AED 40,000 a year.
  • At AED 40,000 a year the gross yield on the 2025 price is 5.1%.
  • Studios in Mag 890 sold for AED 607,782–800,000 in the 12 months to November 2026; the building's median across all types is AED 1,855 per sqft.

Source: Dubai Land Department. Updated 19 August 2025.

Questions about 116, Mag 890

What did unit 116 last sell for?

AED 785,000 on 19 August 2025: AED 1,717 per sqft for 457 sqft. The unit has 3 registered sales; the first was AED 426,000 in June 2020.

What is the rent for unit 116?

AED 40,000 a year on the contract signed on 5 February 2025. The previous contract, from February 2025, was AED 40,000.

How big is unit 116?

457 sqft (42.5 sqm): a studio on the 1st floor of a 8-storey tower completed in 2023.

What is unit 116 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Mag 890 sold for AED 607,782 to 800,000 in the last 12 months, around AED 1,874 per sqft.

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Mortgage on 116, Mag 890

Starts from the last sale price (AED 785K, 19 August 2025). Switch to today's estimate once you have unlocked it.
Price
AED 785,000
Deposit, UAE resident (20%)
AED 157,000
Deposit, non-resident (40%)
AED 314,000
Monthly over 25 years at 3.7%
AED 3,212

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →