516, Mag 890
Sold prices and rental history: sold 3 times, last in January 2026, and rented once, from March 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 516, Mag 890
What is 516 worth today?
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Source: Dubai Land Department. Updated 15 March 2026.
Key facts
- Type
- Studio apartment
- Size
- 419 sqft
- Floor
- 5th of 8
- Parking
- G-80
- Developer
- MAG
- Completed
- 2023
- Last sold
- AED 785K · January 2026
- Building
- Mag 890
About 516, Mag 890
516 is a studio of 419 sqft on the 5th floor of Mag 890, a 8-storey tower in District Seven completed in 2023 by MAG. It last sold on 27 January 2026 for AED 785,000, or AED 1,875 per sqft, 4% above the AED 1,800 studios in the building were fetching at the time.
One Ejari contract is registered, from 15 March 2026. The current contract, signed on 15 March 2026, is AED 58,000 a year: a gross yield of 7.4% on the 2026 price.
Sales and rents for 516 over time
516 has sold 3 times; 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 890, and where 516 sits
All 104 studios →516 last sold in January 2026 at AED 1,875 per sqft, 4% above what studios in Mag 890 were fetching at the time (AED 1,800). 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. 516's AED 58,000 is in the upper half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 16 Oct 202616 October 2026 | 412 sqft | 670,000 | 1,627 | ||
| 10 Aug 202610 August 2026 | 394 sqft | 33,116 | 84 | ||
| 12 May 202612 May 2026 | 388 sqft | 800,000 | 2,064 | ||
| 16 Apr 202616 April 2026 | 394 sqft | 607,782 | 1,541 |
Mag 890
Building128 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%
Other units on the 5th floor
All 128 units in Mag 890| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | Studio | 429 sqft | AED 528KAED 527,900 · Oct 2020October 2020 | ||
| 502 | Studio | 471 sqft | AED 455KAED 455,182 · Jun 2019June 2019 | 42,500 /yr | |
| 503 | Studio | 437 sqft | AED 600KAED 600,000 · Dec 2023December 2023 | 56,000 /yr | |
| 504 | Studio | 398 sqft | AED 408KAED 408,000 · Nov 2019November 2019 | ||
| 505 | Studio | 413 sqft | AED 470KAED 470,000 · Oct 2022October 2022 | ||
| 506 | Studio | 417 sqft | AED 514KAED 513,600 · Oct 2020October 2020 | ||
| 507 | Studio | 417 sqft | AED 429KAED 429,420 · Dec 2020December 2020 | ||
| 508 | Studio | 418 sqft | AED 740KAED 740,000 · Dec 2025December 2025 | ||
| 509 | Studio | 417 sqft | AED 429KAED 429,420 · Dec 2020December 2020 | 58,000 /yr | |
| 510 | Studio | 397 sqft | AED 407KAED 407,000 · Oct 2020October 2020 | ||
| 511 | Studio | 397 sqft | AED 408KAED 408,000 · Aug 2021August 2021 | 60,000 /yr | |
| 512 | 1-bed | 805 sqft | AED 1.1MAED 1,100,000 · Nov 2024November 2024 | 84,000 /yr | |
| 513 | 1-bed | 750 sqft | AED 1.2MAED 1,200,000 · Nov 2024November 2024 | 100,000 /yr | |
| 514 | 1-bed | 796 sqft | AED 799KAED 799,000 · Aug 2021August 2021 | 75,000 /yr | |
| 515 | Studio | 416 sqft | AED 448KAED 448,000 · Jun 2020June 2020 |
516, Mag 890 in numbers
- Sold 3 times: first on 16 September 2019 for AED 523,130, last on 27 January 2026 for AED 785,000 (AED 1,875 per sqft).
- Rented since March 2026 on one Ejari contract, at AED 58,000 a year.
- At AED 58,000 a year the gross yield on the 2026 price is 7.4%.
- 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 15 March 2026.
Questions about 516, Mag 890
What did unit 516 last sell for?
AED 785,000 on 27 January 2026: AED 1,875 per sqft for 419 sqft. The unit has 3 registered sales; the first was AED 523,130 in September 2019.
What is the rent for unit 516?
AED 58,000 a year on the contract signed on 15 March 2026.
How big is unit 516?
419 sqft (38.9 sqm): a studio on the 5th floor of a 8-storey tower completed in 2023.
What is unit 516 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.
Selling 516? Put it on the OpenOffers board
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Mortgage on 516, Mag 890
Starts from the last sale price (AED 785K, 27 January 2026). 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 →