MAG 970
A 1 bed in MAG 970 costs a median AED 1.34M, rents long-let for AED 80,000/yr (6.0% gross), and returns 6.9% short-term at the assumed 70% occupancy.
1 bed · typical price
1.34MAED
AED 1,568/sqft
- Rent a year
- AED 80,000
- Gross yield
- 6.0%
- vs MAG City
- 5% below the median
Cost to buy, all inAED 1.43M
- Price
- AED 1.34M
- DLD fee 4%
- AED 53,600
- Agent 2% + VAT
- AED 28,140
- Trustee
- AED 4,200
Fees repaid by rent13 months
Is MAG 970 a good investment?Prices are slipping and lots of new supply is coming
- Does it pay a good rent?6.0% gross, before the service charge (not on file) (Dubai median 6.8%)6.0%Fair
- Are rents going up?New 1 bed leases: AED 87,500 a year ago, AED 80,000 now (pooled across the project)-8.6%
- Are prices going up?All types: AED 1,705/sqft a year ago, 1,532 now-10.2%Watch
- How fast do fees pay back?AED 85,940 in fees to buy a 1 bed; rent covers it in 1.1 years1.1 yrs
- Can I sell easily?6 sales in 12 months (22 the year before)6
- Is a lot being built nearby?533 apartments are planned in MAG City from 2026 to 2028, equal to 95% of the 561 homes let there today. MAG City supply by year →95%Watch
- Did earlier buyers gain?Up 25% for buyers 5 years ago; up 15% for launch buyers, before fees+25.2%Context
Readings use published thresholds · 1 bed figures, the most traded type · Data to 12 Oct 2026
MAG 970 prices and rents by unit typeA one-bed costs about AED 1.34M and rents for about AED 80,000 a year
Appreciation, rental income and short-term detail, by unit typeAppreciation, rental income and short-term detail, by unit type
Appreciation
1 bed · price per sqft · MAG City · area median AED 1,647/sqft
- vs area median
- -4.8%
- Off-plan price gain, 2021–2024
- +10.1% · +2.8%/yr
Rental income
1 bed · MAG City
- Gross yield
- 6.0%
- Median new rent
- AED 80,000/yr
- Yield vs area median
- +0.0 pts
- Yield vs Dubai (6.8%)
- -0.8 pts
- Renewal rent
- AED 85,500/yr
- New tenants pay vs sitting (49 renewals)
- -6.4%
Short-term income
1 bed · 70% occupancy · 7-night stays · within 500 m
- Median nightly rate
- AED 496
- Net revenue
- AED 92,754/yr
- vs long-let rent
- 1.2×
- Listings seen
- 22+
Read with care
- Rental data covers the whole MAG EYE Phase 1 project, not this tower alone.
- Thin sample — 4 sales in 12 months. Treat these figures as indicative.
Price history and sales
As filed with the Land Department — data to 2026-10-12.
Chart data, 1 bed: Oct 2021, AED 833,000; latest, Jun 2026, AED 1,200,000; peak, Mar 2025, AED 1,400,000.
Did earlier buyers gain?
Median paid per sqft, all types, against today’s 1,532 · before fees
- Launch, 2021–24
- 1,337
- +15%
- 62 sales
- 5 years ago
- 1,223
- +25%
- 25 sales
- 3 years ago
- 1,511
- +1%
- 20 sales
- Previous 12 months
- 1,705
- −10%
- 22 sales
- Last 12 months
- 1,532
- today
- 6 sales
The change is what a buyer at each median would be up or down at today’s median. A shift in the unit mix can move a median without any unit changing price.
6 resales in the last 12 months, against 16 a year on average over 2023–2025.
6 resales in the last 12 months.
Short-term rates around MAG 970
Median nightly rate on Airbnb for a 7-night stay, priced across the coming year.
Rows marked 500 m cluster widen to the surrounding listings because the building itself had too few of that type.
Nightly rate through the yearNightly rate through the year
The MAG EYE Phase 1 towers
8 towers in MAG EYE Phase 1, at the bedroom type above.
Ejari files MAG EYE Phase 1’s leases under the project, not a tower, so every tower share one rent: the project figure above, counted once. Prices are each tower’s own registered sales.
MAG City: every development at this typeMAG City: every development at this type
Medians of registered sales and new Ejari leases in the 12 months to 12 Oct 2026, pooled across each development’s towers at 1 bed. A median needs 3 rows; a dash with a count means fewer.
Market context in MAG City
Registered sales activity
63 ready apartment sales in the 12 months to 2026-10-12.
+2.2% in median AED/sqft versus the preceding year, supported by 63 current and 191 prior price observations.
Explore sales activityPlanned apartment projects
533 known registered units across 1 pending projects planned within one year of the 2026-07-06 register.
0 projects had already passed their planned date; 0 have unknown timing.
Explore planned supplySupply against leasing, and same-building moves
533 apartments are planned in MAG City from 2026 to 2028, equal to 95% of the 561 homes let there today.
How these are countedDirect locality, all apartment bedroom types. Area context is not building performance. Planned dates are relative to the register date, not a delivery forecast; project unit counts can include mixed uses. Sales activity is not time on market or occupancy.
About MAG 970
MAG 970 is an apartment building completed in 2023 in MAG City. 134 sales are registered with the Dubai Land Department.
Drive times · typical
- Downtown
- 16 min · 11 km
- DXB Airport
- 18 min · 19 km
- DIFC
- 13 min · 14 km
- Dubai Marina
- 23 min · 24 km
- Palm Jumeirah
- 29 min · 28 km
Nearest, as registered
MAG 970: AED 1,532 per sq ft, 13% below the median MAG City building, and a 4.8% gross yield, in the bottom tenth of the area
The building's own figures against its area's registered market, last twelve months.
Price per sq ft
Median registered sale price, AED per sq ft, last 12 months
- MAG 970AED 1,532
- MAG City, readyAED 1,754
- MAG City, off-planAED 2,665
- Dubai, readyAED 1,421
Gross yield against the area's buildings
Axis: gross yield, % of price
MAG 970MAG City median building
- MAG City4.8% vs 6.0%
Nearby in MAG City
Prices per sq ft around MAG 970, on the mapPrices per sq ft around MAG 970, on the map
MAG 980
MAG City · 11 sales, 12 months
1.13M
AED, resale median · 1,708/sqft
MAG 960
MAG City · 10 sales, 12 months
770,000
AED, resale median · 1,775/sqft
MAG Eye 890
MAG City · 10 sales, 12 months
777,500
AED, resale median · 1,865/sqft
MAG Eye 910
MAG City · 8 sales, 12 months
1.01M
AED, resale median · 1,653/sqft
Before you decide
The facts that can change the return, each with the date it rests on.
- Sales and rents toOn record
- Sales evidence · 1 bedRead with care
- Rental evidence · 1 bedRead with care
- Service chargeNot on file, so the yield is gross. Current approved budgets are in DLD's Service Charge Index (Mollak), by project.Not on record
- Project registerOn record
- Short-term assumptionRead with care
- Costs not includedNot in the yield
Rent or buy
What owning a 1 bed here costs against renting it, at stated assumptions you can change.
Monthly cost of owning against renting, with your own deposit and rateMonthly cost of owning against renting, with your own deposit and rate
Prefilled from MAG 970’s median sale price and annual rent, with the fees and growth rates listed in the breakdown as of . Change any figure.
More assumptionsFewer assumptions
The site does not hold this building’s service charge; type yours to include it. Residency sets the default down payment: typical bank floor, not a rule.
- Monthly mortgage
- 5,959AED
- 4.5% over 25 years
- Monthly rent
- 6,667AED
- AED 80,000 a year
- Cash needed at purchase
- 370,340AED
- 20% down plus AED 102,340 in fees
Owning costs AED 277,404 less than renting over 5 years, once the sale is counted.
Buying overtakes renting in year 2.
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Common questions
- What is the rental yield in MAG 970?
- MAG 970 returns 6.0% gross: a median new-contract rent of AED 80,000 a year (136 Ejari contracts in 12 months) over a price benchmark of AED 1.34M (median of 4 sales in the last 12 months, latest Jun 2026), before service charge, agency fees or vacant months.
- How much does a 1 bedroom in MAG 970 cost?
- The median registered sale price is AED 1.34M (1,568 AED/sqft), from 4 Dubai Land Department sales in the last 12 months. This is a price paid, not an asking price.
- What is the registered annual rent for a 1 bedroom in MAG 970?
- The median new annual rent is AED 80,000, from 136 Ejari contracts in the trailing 12 months to 2026-10-12. These contracts cover the project, not this tower alone. Compare the same bedroom type; floor, view and condition can change an individual rent.
- Have registered rents in MAG 970 risen or fallen?
- The median new annual rent changed -8.6% in the trailing 12 months against the previous 12, using 136 new Ejari contracts in the current period to 2026-10-12. Different homes can appear in the two periods; this is not the change on an individual tenancy.
- Does MAG 970 earn more short-term than long-let?
- A night asks a median of AED 496, which models to 6.9% net at an assumed 70% occupancy for a self-managed unit, after platform fees, cleaning and utilities — against 6.0% gross on the registered long lease. Nightly rates are asking rates sampled across the next 12 months, not registered income.
For agents
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MAG 970 sale record
- Record type
- Building-level property market record
- Data date
- · refreshed
- Evidence base
- 4 registered sales in the last 12 months for the default unit type
- Sources
- Dubai Land Department sale transactions and Ejari rental contracts; public Airbnb search results for forward short-term rates
- Canonical record
- /sale/apartments/dubai/mag-city/mag-970
Cite as: Dubai Wealth Index. “MAG 970 sale prices and yield.” MAG City, Dubai. Data to 2026-10-12. https://dubaiwealthindex.com/sale/apartments/dubai/mag-city/mag-970
Stable dataJSON