Studio · 394 sqftMag 900, District Seven · 5th floor · completed 2023

509, Mag 900

Sold prices and rental history: sold 3 times, last in December 2024, and rented since 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 509 · DLD and Ejari recordsUpdated 15 January 2025
Last soldAED 700K30 December 2024
Current rentAED 55K /yr15 January 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 509, Mag 900

What is 509 worth today?

Last sold for AED 700,000 in 2024

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15 Jan 2025RentedNew contract
AED 54,706/yr12 months · AED 137 per sqft
15 Jan 2025RentedNew contract
AED 54,706/yr12 months · AED 137 per sqft
30 Dec 2024SoldReady
AED 700,000AED 1,774 per sqft
14 May 2024SoldOff-plan
AED 645,000AED 1,625 per sqft
7 Jun 2020Sold by developerOff-plan
AED 420,000AED 1,058 per sqft

Source: Dubai Land Department. Updated 15 January 2025.

Key facts

Type
Studio apartment
Size
394 sqft
Floor
5th of 8
Parking
G-113
Developer
MAG
Completed
2023
Last sold
AED 700K · December 2024
Building
Mag 900

About 509, Mag 900

509 is a studio of 394 sqft on the 5th floor of Mag 900, a 8-storey tower in District Seven completed in 2023 by MAG. It last sold on 30 December 2024 for AED 700,000, or AED 1,774 per sqft, 11% above the AED 1,593 studios in the building were fetching at the time.

It has been rented since 2025 on 2 Ejari contracts. The current contract, signed on 15 January 2025, is AED 54,706 a year: a gross yield of 7.8% on the 2024 price.

Sales and rents for 509 over time

Sales
Unit 509, each saleTypical studio in Mag 900
400K600K2019202120232025Typical sale price by year: 2019 AED 437,500; 2020 AED 443,153; 2021 AED 470,200; 2022 AED 465,000; 2023 AED 550,000; 2024 AED 660,000; 2025 AED 730,000Sold by developer, June 2020: AED 420,000 (AED 1,058 per sqft)Sold, May 2024: AED 645,000 (AED 1,625 per sqft)Sold, December 2024: AED 700,000 (AED 1,774 per sqft)

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

Rents
Unit 509, each contractTypical studio in Mag 900
53K54K55K2024202520262027Typical rent by year: 2024 AED 53,000; 2025 AED 55,000; 2026 AED 55,000New contract, January 2025: AED 54,706 a yearNew contract, January 2025: AED 54,706 a year

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

Studios in Mag 900, and where 509 sits

All 72 studios →

509 last sold in December 2024 at AED 1,774 per sqft, 11% above what studios in Mag 900 were fetching at the time (AED 1,593). Over the last 12 months studios sold for AED 725,000, around AED 1,756 per sqft, and rent for AED 40,000 to 66,000 a year. 509's AED 54,706 is in the upper half of that range.

Recent studio salesUnit no.Price (AED)Summary
24 Nov 2025725,000
31 Oct 2025313,949
1 Oct 2025780,000
8 Sep 2025790,000
1 studio sale in the last 12 months

Mag 900

Building

112 apartments, studios to 1-bed over 8 floors in District Seven, completed in 2023 by MAG. 5 sold in the last 12 months.

Typical price per sqft
AED 1,756
Typical sale
AED 1.21M
Typical rent
AED 80K /yr
Typical yield
6.1%
Mag 900, District Seven: prices, sales and rents →

Other units on the 5th floor

All 112 units in Mag 900
Value
5011-bedAED 1.35M · Jul 2025
5021-bedAED 1.18M · Dec 2021
503StudioAED 527K · Apr 2020
504StudioAED 620K · Jan 2024
505StudioAED 426K · Dec 2020
506StudioAED 790K · Sep 2025
507StudioAED 526K · Jul 2021
1–7 of 13

509, Mag 900 in numbers

  • Sold 3 times: first on 7 June 2020 for AED 420,000, last on 30 December 2024 for AED 700,000 (AED 1,774 per sqft).
  • Rented since January 2025 on 2 Ejari contracts, at AED 54,706 a year.
  • At AED 54,706 a year the gross yield on the 2024 price is 7.8%.
  • Studios in Mag 900 sold for AED 725,000–725,000 in the 12 months to November 2026; the building's median across all types is AED 1,756 per sqft.

Source: Dubai Land Department. Updated 15 January 2025.

Questions about 509, Mag 900

What did unit 509 last sell for?

AED 700,000 on 30 December 2024: AED 1,774 per sqft for 394 sqft. The unit has 3 registered sales; the first was AED 420,000 in June 2020.

What is the rent for unit 509?

AED 54,706 a year on the contract signed on 15 January 2025. The previous contract, from January 2025, was AED 54,706.

How big is unit 509?

394 sqft (36.6 sqm): a studio on the 5th floor of a 8-storey tower completed in 2023.

What is unit 509 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Mag 900 sold for AED 725,000 to 725,000 in the last 12 months, around AED 1,756 per sqft.

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Mortgage on 509, Mag 900

Starts from the last sale price (AED 700K, 30 December 2024). Switch to today's estimate once you have unlocked it.
Price
AED 700,000
Deposit, UAE resident (20%)
AED 140,000
Deposit, non-resident (40%)
AED 280,000
Monthly over 25 years at 3.7%
AED 2,864

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