507, Mag 970
Sold prices and rental history: sold once, by the developer in November 2023, and rented once, from April 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 507, Mag 970
What is 507 worth today?
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Source: Dubai Land Department. Updated 5 April 2025.
Key facts
- Type
- Studio apartment
- Size
- 417 sqft
- Floor
- 5th of 8
- Parking
- 1
- Developer
- MAG
- Completed
- 2023
- Last sold
- AED 780K · November 2023
- Building
- Mag 970
About 507, Mag 970
507 is a studio of 417 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 November 2023 for AED 779,520, or AED 1,869 per sqft, 9% above the AED 1,719 studios in the building were fetching at the time.
One Ejari contract is registered, from 5 April 2025. The current contract, signed on 5 April 2025, is AED 55,000 a year: a gross yield of 7.1% on the 2023 price.
Sales and rents for 507 over time
507 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 970, and where 507 sits
All 40 studios →507 last sold in November 2023 at AED 1,869 per sqft, 9% above what studios in Mag 970 were fetching at the time (AED 1,719). 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. 507'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 | ||
| 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 | |
| 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 |
507, Mag 970 in numbers
- Sold once: by MAG on 24 November 2023 for AED 779,520, or AED 1,869 per sqft.
- Rented since April 2025 on one Ejari contract, at AED 55,000 a year.
- At AED 55,000 a year the gross yield on the 2023 price is 7.1%.
- 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 5 April 2025.
Questions about 507, Mag 970
What did unit 507 last sell for?
AED 779,520 on 24 November 2023, sold by the developer: AED 1,869 per sqft for 417 sqft. It is the only registered sale of the unit.
What is the rent for unit 507?
AED 55,000 a year on the contract signed on 5 April 2025.
How big is unit 507?
417 sqft (38.7 sqm): a studio on the 5th floor of a 8-storey tower completed in 2023.
What is unit 507 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 507, Mag 970
Starts from the last sale price (AED 780K, 24 November 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 779,520
- Deposit, UAE resident (20%)
- AED 155,904
- Deposit, non-resident (40%)
- AED 311,808
- Monthly over 25 years at 3.7%
- AED 3,189
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →