501, Mag 970
Sold prices and rental history: sold once, by the developer in May 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 501, Mag 970
What is 501 worth today?
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Source: Dubai Land Department. Updated 25 June 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 903 sqft
- Floor
- 5th of 8
- Parking
- 1
- Developer
- MAG
- Completed
- 2023
- Last sold
- AED 1.32M · May 2022
- Building
- Mag 970
About 501, Mag 970
501 is a one-bedroom apartment of 903 sqft on the 5th floor of Mag 970, a 8-storey tower in District Seven completed in 2023 by MAG. The developer sold it on 24 May 2022 for AED 1,316,963, or AED 1,458 per sqft, 9% above the AED 1,337 one-beds in the building were fetching at the time.
It has been rented since 2025 on 3 Ejari contracts. The current contract, signed on 25 June 2026, is AED 75,000 a year: a gross yield of 5.7% on the 2022 price.
Sales and rents for 501 over time
501 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Mag 970, and where 501 sits
All 56 1-beds →501 last sold in May 2022 at AED 1,458 per sqft, 9% above what one-beds in Mag 970 were fetching at the time (AED 1,337). Over the last 12 months one-beds sold for AED 1,190,000 to 1,400,000, around AED 1,513 per sqft, and rent for AED 69,812 to 100,000 a year. 501's AED 75,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 3 Nov 20263 November 2026 | 863 sqft | 1,190,000 | 1,379 | ||
| 17 Jun 202617 June 2026 | 793 sqft | 1,200,000 | 1,513 | ||
| 4 Feb 20264 February 2026 | 900 sqft | 1,300,000 | 1,443 | ||
| 12 Jan 202612 January 2026 | 746 sqft | 1,380,000 | 1,850 |
Mag 970
Building96 apartments, studios to 1-bed over 8 floors in District Seven, completed in 2023 by MAG. 7 sold in the last 12 months.
- Typical price per sqft
- AED 1,513
- Typical sale
- AED 1.2M
- Typical rent
- AED 75K /yr
- Typical yield
- 7.4%
Other units on the 5th floor
All 96 units in Mag 970| ValueToday's value | |||||
|---|---|---|---|---|---|
| 502 | 1-bed | 869 sqft | AED 1.1MAED 1,095,451 · Jul 2022July 2022 | ||
| 503 | Studio | 408 sqft | AED 725KAED 725,000 · Mar 2025March 2025 | 55,000 /yr | |
| 504 | Studio | 417 sqft | AED 652KAED 652,288 · Dec 2021December 2021 | 57,000 /yr | |
| 505 | Studio | 417 sqft | AED 635KAED 635,000 · Mar 2024March 2024 | 66,000 /yr | |
| 506 | Studio | 417 sqft | AED 505KAED 505,000 · Oct 2021October 2021 | 52,000 /yr | |
| 507 | Studio | 417 sqft | AED 780KAED 779,520 · Nov 2023November 2023 | 55,000 /yr | |
| 508 | 1-bed | 802 sqft | AED 850KAED 850,000 · Oct 2021October 2021 | 90,000 /yr | |
| 509 | 1-bed | 797 sqft | AED 1.1MAED 1,100,000 · Sep 2025September 2025 | ||
| 510 | 1-bed | 752 sqft | AED 990KAED 990,000 · Feb 2022February 2022 | ||
| 511 | 1-bed | 796 sqft | AED 1.1MAED 1,100,000 · Apr 2022April 2022 | 75,000 /yr | |
| 512 | 1-bed | 843 sqft | AED 1.31MAED 1,307,324 · Jul 2022July 2022 | 83,000 /yr |
501, Mag 970 in numbers
- Sold once: by MAG on 24 May 2022 for AED 1,316,963, or AED 1,458 per sqft.
- Rented since January 2025 on 3 Ejari contracts, from AED 100,000 to AED 75,000 a year.
- At AED 75,000 a year the gross yield on the 2022 price is 5.7%.
- One-beds in Mag 970 sold for AED 1,190,000–1,400,000 in the 12 months to November 2026; the building's median across all types is AED 1,513 per sqft.
Source: Dubai Land Department. Updated 25 June 2026.
Questions about 501, Mag 970
What did unit 501 last sell for?
AED 1,316,963 on 24 May 2022, sold by the developer: AED 1,458 per sqft for 903 sqft. It is the only registered sale of the unit.
What is the rent for unit 501?
AED 75,000 a year on the contract signed on 25 June 2026. The previous contract, from January 2025, was AED 100,000; the unit has been rented since January 2025.
How big is unit 501?
903 sqft (83.9 sqm): a one-bedroom apartment on the 5th floor of a 8-storey tower completed in 2023.
What is unit 501 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Mag 970 sold for AED 1,190,000 to 1,400,000 in the last 12 months, around AED 1,513 per sqft.
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Mortgage on 501, Mag 970
Starts from the last sale price (AED 1.32M, 24 May 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,316,963
- Deposit, UAE resident (20%)
- AED 263,393
- Deposit, non-resident (40%)
- AED 526,785
- Monthly over 25 years at 3.7%
- AED 5,388
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →