704, Mag 970
Sold prices and rental history: sold once, by the developer in August 2021, and rented once, from November 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 704, Mag 970
What is 704 worth today?
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Source: Dubai Land Department. Updated 28 November 2025.
Key facts
- Type
- Studio apartment
- Size
- 417 sqft
- Floor
- 7th of 8
- Parking
- 1
- Developer
- MAG
- Completed
- 2023
- Last sold
- AED 525K · August 2021
- Building
- Mag 970
About 704, Mag 970
704 is a studio of 417 sqft on the 7th floor of Mag 970, a 8-storey tower in District Seven completed in 2023 by MAG. The developer sold it on 16 August 2021 for AED 524,500, or AED 1,258 per sqft, in line with the AED 1,258 studios in the building were fetching at the time.
One Ejari contract is registered, from 28 November 2025. The current contract, signed on 28 November 2025, is AED 50,769 a year: a gross yield of 9.7% on the 2021 price.
Sales and rents for 704 over time
704 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 704 sits
All 40 studios →704 last sold in August 2021 at AED 1,258 per sqft, in line with what studios in Mag 970 were fetching at the time (AED 1,258). 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. 704's AED 50,769 is in the lower 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 7th floor
All 96 units in Mag 970| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 1-bed | 900 sqft | AED 1.3MAED 1,300,000 · Feb 2026February 2026 | 78,788 /yr | |
| 702 | 1-bed | 869 sqft | AED 1.26MAED 1,261,434 · Feb 2023February 2023 | 75,000 /yr | |
| 703 | Studio | 415 sqft | AED 525KAED 524,500 · Aug 2021August 2021 | 53,000 /yr | |
| 705 | Studio | 409 sqft | AED 640KAED 640,000 · Feb 2025February 2025 | ||
| 706 | Studio | 417 sqft | AED 455KAED 455,312 · Jan 2024January 2024 | 60,162 /yr | |
| 707 | Studio | 417 sqft | AED 491KAED 490,800 · Aug 2021August 2021 | 50,000 /yr | |
| 708 | 1-bed | 802 sqft | AED 820KAED 820,000 · May 2022May 2022 | ||
| 709 | 1-bed | 802 sqft | AED 820KAED 820,000 · May 2022May 2022 | ||
| 710 | 1-bed | 746 sqft | AED 1.38MAED 1,380,000 · Jan 2026January 2026 | 90,000 /yr | |
| 711 | 1-bed | 787 sqft | AED 1.4MAED 1,400,000 · Feb 2025February 2025 | ||
| 712 | 1-bed | 843 sqft | AED 1.2MAED 1,197,223 · Oct 2022October 2022 | 80,000 /yr |
704, Mag 970 in numbers
- Sold once: by MAG on 16 August 2021 for AED 524,500, or AED 1,258 per sqft.
- Rented since November 2025 on one Ejari contract, at AED 50,769 a year.
- At AED 50,769 a year the gross yield on the 2021 price is 9.7%.
- 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 28 November 2025.
Questions about 704, Mag 970
What did unit 704 last sell for?
AED 524,500 on 16 August 2021, sold by the developer: AED 1,258 per sqft for 417 sqft. It is the only registered sale of the unit.
What is the rent for unit 704?
AED 50,769 a year on the contract signed on 28 November 2025.
How big is unit 704?
417 sqft (38.7 sqm): a studio on the 7th floor of a 8-storey tower completed in 2023.
What is unit 704 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 704, Mag 970
Starts from the last sale price (AED 525K, 16 August 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 524,500
- Deposit, UAE resident (20%)
- AED 104,900
- Deposit, non-resident (40%)
- AED 209,800
- Monthly over 25 years at 3.7%
- AED 2,146
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →