501, Mag 980
Sold prices and rental history: sold once, by the developer in January 2024, and rented once, from February 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 501, Mag 980
What is 501 worth today?
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Source: Dubai Land Department. Updated 2 February 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 903 sqft
- Floor
- 5th of 8
- Parking
- 1
- Developer
- MAG
- Completed
- 2023
- Last sold
- AED 817K · January 2024
- Building
- Mag 980
About 501, Mag 980
501 is a one-bedroom apartment of 903 sqft on the 5th floor of Mag 980, a 8-storey tower in District Seven completed in 2023 by MAG. The developer sold it on 10 January 2024 for AED 817,200, or AED 905 per sqft, 39% below the AED 1,493 one-beds in the building were fetching at the time.
One Ejari contract is registered, from 2 February 2026. The current contract, renewed on 2 February 2026, is AED 95,000 a year: a gross yield of 11.6% on the 2024 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 980, and where 501 sits
All 32 1-beds →501 last sold in January 2024 at AED 905 per sqft, 39% below what one-beds in Mag 980 were fetching at the time (AED 1,493). Over the last 12 months one-beds sold for AED 1,100,000 to 1,530,000, around AED 1,708 per sqft, and rent for AED 64,000 to 100,000 a year. 501's AED 95,000 is in the upper half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 4 Aug 20264 August 2026 | 746 sqft | 1,180,000 | 1,581 | ||
| 24 Jun 202624 June 2026 | 796 sqft | 1,100,000 | 1,381 | ||
| 22 Jan 202622 January 2026 | 746 sqft | 1,425,000 | 1,910 | ||
| 18 Dec 202518 December 2025 | 796 sqft | 1,360,000 | 1,708 |
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 5th floor
All 120 units in Mag 980| ValueToday's value | |||||
|---|---|---|---|---|---|
| 502 | 1-bed | 869 sqft | AED 1.29MAED 1,293,002 · Nov 2022November 2022 | 75,000 /yr | |
| 503 | Studio | 415 sqft | AED 480KAED 480,000 · Aug 2021August 2021 | ||
| 504 | Studio | 417 sqft | AED 421KAED 421,000 · Mar 2021March 2021 | 57,000 /yr | |
| 505 | Studio | 417 sqft | AED 421KAED 421,000 · Mar 2022March 2022 | 55,148 /yr | |
| 506 | Studio | 417 sqft | AED 421KAED 421,000 · Feb 2021February 2021 | ||
| 507 | Studio | 417 sqft | AED 421KAED 421,000 · Sep 2021September 2021 | ||
| 508 | Studio | 391 sqft | AED 600KAED 600,000 · Dec 2024December 2024 | 50,017 /yr | |
| 509 | Studio | 396 sqft | AED 400KAED 400,000 · Mar 2021March 2021 | 45,000 /yr | |
| 510 | 1-bed | 802 sqft | AED 1.2MAED 1,196,185 · May 2022May 2022 | ||
| 511 | 1-bed | 752 sqft | AED 890KAED 890,000 · Oct 2021October 2021 | 85,000 /yr | |
| 512 | Studio | 389 sqft | AED 430KAED 430,100 · Dec 2021December 2021 | 55,000 /yr | |
| 513 | Studio | 395 sqft | AED 600KAED 600,000 · Nov 2023November 2023 | 55,000 /yr | |
| 514 | Studio | 205 sqft | AED 448KAED 448,140 · Feb 2025February 2025 | 25,000 /yr | |
| 515 | Studio | 418 sqft | AED 480KAED 480,000 · May 2021May 2021 | 50,000 /yr |
501, Mag 980 in numbers
- Sold once: by MAG on 10 January 2024 for AED 817,200, or AED 905 per sqft.
- Rented since February 2026 on one Ejari contract, at AED 95,000 a year.
- At AED 95,000 a year the gross yield on the 2024 price is 11.6%.
- One-beds in Mag 980 sold for AED 1,100,000–1,530,000 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 2 February 2026.
Questions about 501, Mag 980
What did unit 501 last sell for?
AED 817,200 on 10 January 2024, sold by the developer: AED 905 per sqft for 903 sqft. It is the only registered sale of the unit.
What is the rent for unit 501?
AED 95,000 a year on the contract renewed on 2 February 2026.
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 980 sold for AED 1,100,000 to 1,530,000 in the last 12 months, around AED 1,708 per sqft.
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Mortgage on 501, Mag 980
Starts from the last sale price (AED 817K, 10 January 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 817,200
- Deposit, UAE resident (20%)
- AED 163,440
- Deposit, non-resident (40%)
- AED 326,880
- Monthly over 25 years at 3.7%
- AED 3,343
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →