408, Mag 980
Sold prices and rental history: sold twice, last in July 2025, and rented once, from September 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 408, Mag 980
What is 408 worth today?
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Source: Dubai Land Department. Updated 20 September 2025.
Key facts
- Type
- Studio apartment
- Size
- 391 sqft
- Floor
- 4th of 8
- Parking
- G-44
- Developer
- MAG
- Completed
- 2023
- Last sold
- AED 740K · July 2025
- Building
- Mag 980
About 408, Mag 980
408 is a studio of 391 sqft on the 4th floor of Mag 980, a 8-storey tower in District Seven completed in 2023 by MAG. It last sold on 31 July 2025 for AED 740,000, or AED 1,894 per sqft, in line with the AED 1,849 studios in the building were fetching at the time.
One Ejari contract is registered, from 20 September 2025. The current contract, signed on 20 September 2025, is AED 57,000 a year: a gross yield of 7.7% on the 2025 price.
Sales and rents for 408 over time
408 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 980, and where 408 sits
All 88 studios →408 last sold in July 2025 at AED 1,894 per sqft, in line with what studios in Mag 980 were fetching at the time (AED 1,849). Over the last 12 months studios sold for AED 700,000 to 800,000, around AED 1,750 per sqft, and rent for AED 25,000 to 65,000 a year. 408's AED 57,000 is in the upper half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 7 Sep 20267 September 2026 | 412 sqft | 700,000 | 1,699 | ||
| 7 Aug 20267 August 2026 | 413 sqft | 29,523 | 71 | ||
| 7 Jul 20267 July 2026 | 410 sqft | 700,000 | 1,707 | ||
| 9 Feb 20269 February 2026 | 410 sqft | 735,000 | 1,792 |
Mag 980
Building120 apartments, studios to 1-bed over 8 floors in District Seven, completed in 2023 by MAG. 10 sold in the last 12 months.
- Typical price per sqft
- AED 1,708 Down 5.5%
- Typical sale
- AED 1.1M
- Typical rent
- AED 54K /yr
- Typical yield
- 7.2%
Other units on the 4th floor
All 120 units in Mag 980| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 903 sqft | AED 971KAED 971,190 · Dec 2021December 2021 | 95,000 /yr | |
| 402 | 1-bed | 861 sqft | AED 1.35MAED 1,350,000 · May 2025May 2025 | 80,000 /yr | |
| 403 | Studio | 407 sqft | AED 620KAED 620,000 · Jul 2024July 2024 | 45,000 /yr | |
| 404 | Studio | 417 sqft | AED 421KAED 421,000 · Feb 2021February 2021 | 52,000 /yr | |
| 405 | Studio | 417 sqft | AED 421KAED 421,000 · Feb 2021February 2021 | 46,200 /yr | |
| 406 | Studio | 412 sqft | AED 645KAED 645,000 · Feb 2025February 2025 | ||
| 407 | Studio | 417 sqft | AED 480KAED 480,000 · Jul 2021July 2021 | ||
| 409 | Studio | 396 sqft | AED 400KAED 400,000 · Mar 2021March 2021 | 54,848 /yr | |
| 410 | 1-bed | 802 sqft | AED 1.2MAED 1,200,618 · Jul 2022July 2022 | ||
| 411 | 1-bed | 746 sqft | AED 1.18MAED 1,180,000 · Aug 2026August 2026 | 90,000 /yr | |
| 412 | Studio | 389 sqft | AED 530KAED 530,000 · Jun 2023June 2023 | 55,000 /yr | |
| 413 | Studio | 395 sqft | AED 440KAED 440,000 · Feb 2021February 2021 | 50,000 /yr | |
| 414 | Studio | 416 sqft | AED 498KAED 498,000 · Feb 2021February 2021 | ||
| 415 | Studio | 418 sqft | AED 480KAED 480,000 · Apr 2021April 2021 | 58,000 /yr |
408, Mag 980 in numbers
- Sold twice: first on 1 March 2021 for AED 400,000, last on 31 July 2025 for AED 740,000 (AED 1,894 per sqft).
- Rented since September 2025 on one Ejari contract, at AED 57,000 a year.
- At AED 57,000 a year the gross yield on the 2025 price is 7.7%.
- Studios in Mag 980 sold for AED 700,000–800,000 in the 12 months to November 2026; the building's median across all types is AED 1,708 per sqft.
Source: Dubai Land Department. Updated 20 September 2025.
Questions about 408, Mag 980
What did unit 408 last sell for?
AED 740,000 on 31 July 2025: AED 1,894 per sqft for 391 sqft. The unit has 2 registered sales; the first was AED 400,000 in March 2021.
What is the rent for unit 408?
AED 57,000 a year on the contract signed on 20 September 2025.
How big is unit 408?
391 sqft (36.3 sqm): a studio on the 4th floor of a 8-storey tower completed in 2023.
What is unit 408 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Mag 980 sold for AED 700,000 to 800,000 in the last 12 months, around AED 1,750 per sqft.
Selling 408? Put it on the OpenOffers board
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Mortgage on 408, Mag 980
Starts from the last sale price (AED 740K, 31 July 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 740,000
- Deposit, UAE resident (20%)
- AED 148,000
- Deposit, non-resident (40%)
- AED 296,000
- Monthly over 25 years at 3.7%
- AED 3,028
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →