507, Mag 980
Sold prices and rental history: sold once, by the developer in September 2021, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 507, Mag 980
What is 507 worth today?
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Source: Dubai Land Department. Updated 1 September 2021.
Key facts
- Type
- Studio apartment
- Size
- 417 sqft
- Floor
- 5th of 8
- Parking
- 1
- Developer
- MAG
- Completed
- 2023
- Last sold
- AED 421K · September 2021
- Building
- Mag 980
About 507, Mag 980
507 is a studio of 417 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 1 September 2021 for AED 421,000, or AED 1,009 per sqft, 6% below the AED 1,072 studios in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
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 980, and where 507 sits
All 88 studios →507 last sold in September 2021 at AED 1,009 per sqft, 6% below what studios in Mag 980 were fetching at the time (AED 1,072). 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.
| 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 5th floor
All 120 units in Mag 980| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 903 sqft | AED 817KAED 817,200 · Jan 2024January 2024 | 95,000 /yr | |
| 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 | ||
| 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 |
507, Mag 980 in numbers
- Sold once: by MAG on 1 September 2021 for AED 421,000, or AED 1,009 per sqft.
- 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 1 September 2021.
Questions about 507, Mag 980
What did unit 507 last sell for?
AED 421,000 on 1 September 2021, sold by the developer: AED 1,009 per sqft for 417 sqft. It is the only registered sale of the unit.
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 980 sold for AED 700,000 to 800,000 in the last 12 months, around AED 1,750 per sqft.
Selling 507? Put it on the OpenOffers board
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Mortgage on 507, Mag 980
Starts from the last sale price (AED 421K, 1 September 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 421,000
- Deposit, UAE resident (20%)
- AED 84,200
- Deposit, non-resident (40%)
- AED 168,400
- Monthly over 25 years at 3.7%
- AED 1,722
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →