505, Mag 960
Sold prices and rental history: sold once, by the developer in April 2022, and rented since 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 505, Mag 960
What is 505 worth today?
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Source: Dubai Land Department. Updated 21 September 2026.
Key facts
- Type
- Studio apartment
- Size
- 412 sqft
- Floor
- 5th of 8
- Parking
- 1
- Developer
- MAG
- Completed
- 2023
- Last sold
- AED 667K · April 2022
- Building
- Mag 960
About 505, Mag 960
505 is a studio of 412 sqft on the 5th floor of Mag 960, a 8-storey tower in District Seven completed in 2023 by MAG. The developer sold it on 22 April 2022 for AED 666,864, or AED 1,619 per sqft, 6% above the AED 1,534 studios in the building were fetching at the time.
It has been rented since 2025 on 2 Ejari contracts. The current contract, signed on 21 September 2026, is AED 60,000 a year: a gross yield of 9.0% on the 2022 price.
Sales and rents for 505 over time
505 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 960, and where 505 sits
All 32 studios →505 last sold in April 2022 at AED 1,619 per sqft, 6% above what studios in Mag 960 were fetching at the time (AED 1,534). Over the last 12 months studios sold for AED 610,000 to 790,000, around AED 1,775 per sqft, and rent for AED 40,000 to 78,000 a year. 505's AED 60,000 is in the upper half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 29 Jul 202629 July 2026 | 411 sqft | 680,000 | 1,659 | ||
| 20 Feb 202620 February 2026 | 411 sqft | 790,000 | 1,921 | ||
| 18 Feb 202618 February 2026 | 411 sqft | 610,000 | 1,483 | ||
| 23 Dec 202523 December 2025 | 411 sqft | 750,000 | 1,824 |
Mag 960
Building88 apartments, studios to 2-bed over 8 floors in District Seven, completed in 2023 by MAG. 10 sold in the last 12 months.
- Typical price per sqft
- AED 1,765 Up 1.8%
- Typical sale
- AED 1M
- Typical rent
- AED 71K /yr
- Typical yield
- 6.4%
Other units on the 5th floor
All 88 units in Mag 960| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 893 sqft | AED 1.45MAED 1,450,000 · Jan 2025January 2025 | ||
| 502 | 2-bed | 1,268 sqft | AED 1.41MAED 1,410,000 · Feb 2022February 2022 | ||
| 503 | Studio | 411 sqft | AED 638KAED 637,815 · Feb 2022February 2022 | 56,000 /yr | |
| 504 | Studio | 411 sqft | AED 625KAED 625,059 · Mar 2022March 2022 | 53,000 /yr | |
| 506 | Studio | 411 sqft | AED 638KAED 637,815 · Mar 2022March 2022 | 45,000 /yr | |
| 507 | 1-bed | 793 sqft | AED 1.21MAED 1,210,000 · Jul 2022July 2022 | 90,000 /yr | |
| 508 | 1-bed | 796 sqft | AED 1.21MAED 1,212,000 · Jul 2022July 2022 | 90,000 /yr | |
| 509 | 1-bed | 745 sqft | AED 1.2MAED 1,200,000 · Apr 2022April 2022 | 70,000 /yr | |
| 510 | 1-bed | 787 sqft | AED 1.11MAED 1,106,408 · Mar 2022March 2022 | 65,000 /yr | |
| 511 | 1-bed | 836 sqft | AED 1.45MAED 1,450,000 · Apr 2025April 2025 | 80,000 /yr |
505, Mag 960 in numbers
- Sold once: by MAG on 22 April 2022 for AED 666,864, or AED 1,619 per sqft.
- Rented since October 2025 on 2 Ejari contracts, from AED 72,000 to AED 60,000 a year.
- At AED 60,000 a year the gross yield on the 2022 price is 9.0%.
- Studios in Mag 960 sold for AED 610,000–790,000 in the 12 months to November 2026; the building's median across all types is AED 1,765 per sqft.
Source: Dubai Land Department. Updated 21 September 2026.
Questions about 505, Mag 960
What did unit 505 last sell for?
AED 666,864 on 22 April 2022, sold by the developer: AED 1,619 per sqft for 412 sqft. It is the only registered sale of the unit.
What is the rent for unit 505?
AED 60,000 a year on the contract signed on 21 September 2026. The previous contract, from October 2025, was AED 72,000.
How big is unit 505?
412 sqft (38.3 sqm): a studio on the 5th floor of a 8-storey tower completed in 2023.
What is unit 505 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Mag 960 sold for AED 610,000 to 790,000 in the last 12 months, around AED 1,775 per sqft.
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Mortgage on 505, Mag 960
Starts from the last sale price (AED 667K, 22 April 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 666,864
- Deposit, UAE resident (20%)
- AED 133,373
- Deposit, non-resident (40%)
- AED 266,746
- Monthly over 25 years at 3.7%
- AED 2,728
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →