503, Mag 970
Sold prices and rental history: sold twice, last in March 2025, and rented once, from September 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 503, Mag 970
What is 503 worth today?
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Source: Dubai Land Department. Updated 15 September 2026.
Key facts
- Type
- Studio apartment
- Size
- 408 sqft
- Floor
- 5th of 8
- Parking
- G-40
- Developer
- MAG
- Completed
- 2023
- Last sold
- AED 725K · March 2025
- Building
- Mag 970
About 503, Mag 970
503 is a studio of 408 sqft on the 5th floor of Mag 970, a 8-storey tower in District Seven completed in 2023 by MAG. It last sold on 21 March 2025 for AED 725,000, or AED 1,774 per sqft, 9% above the AED 1,624 studios in the building were fetching at the time.
One Ejari contract is registered, from 15 September 2026. The current contract, renewed on 15 September 2026, is AED 55,000 a year: a gross yield of 7.6% on the 2025 price.
Sales and rents for 503 over time
503 has sold twice; 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 970, and where 503 sits
All 40 studios →503 last sold in March 2025 at AED 1,774 per sqft, 9% above what studios in Mag 970 were fetching at the time (AED 1,624). Over the last 12 months studios sold for AED 600,000 to 640,000, around AED 1,504 per sqft, and rent for AED 43,000 to 66,000 a year. 503's AED 55,000 is in the upper half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 7 Sep 20267 September 2026 | 411 sqft | 600,000 | 1,459 | ||
| 13 Apr 202613 April 2026 | 413 sqft | 640,000 | 1,549 | ||
| 2 Jun 20252 June 2025 | 408 sqft | 802,000 | 1,963 | ||
| 26 May 202526 May 2025 | 409 sqft | 740,000 | 1,807 |
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 | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 903 sqft | AED 1.32MAED 1,316,963 · May 2022May 2022 | 75,000 /yr | |
| 502 | 1-bed | 869 sqft | AED 1.1MAED 1,095,451 · Jul 2022July 2022 | ||
| 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 |
503, Mag 970 in numbers
- Sold twice: first on 9 December 2021 for AED 526,946, last on 21 March 2025 for AED 725,000 (AED 1,774 per sqft).
- Rented since September 2026 on one Ejari contract, at AED 55,000 a year.
- At AED 55,000 a year the gross yield on the 2025 price is 7.6%.
- Studios in Mag 970 sold for AED 600,000–640,000 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 15 September 2026.
Questions about 503, Mag 970
What did unit 503 last sell for?
AED 725,000 on 21 March 2025: AED 1,774 per sqft for 408 sqft. The unit has 2 registered sales; the first was AED 526,946 in December 2021.
What is the rent for unit 503?
AED 55,000 a year on the contract renewed on 15 September 2026.
How big is unit 503?
408 sqft (37.9 sqm): a studio on the 5th floor of a 8-storey tower completed in 2023.
What is unit 503 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Mag 970 sold for AED 600,000 to 640,000 in the last 12 months, around AED 1,504 per sqft.
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Mortgage on 503, Mag 970
Starts from the last sale price (AED 725K, 21 March 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 725,000
- Deposit, UAE resident (20%)
- AED 145,000
- Deposit, non-resident (40%)
- AED 290,000
- Monthly over 25 years at 3.7%
- AED 2,966
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →