What is the rental yield in MAG 970?

MAG 970 returns 6.30% gross — median annual rent from new Ejari contracts over the median resale price, before service charge, agency fees or vacant months. Measured across 307 rental contracts registered in the last 24 months.

How much does a 1 bedroom in MAG 970 cost?

The median registered sale price is AED 1.38M (1,678 AED/sqft), from 21 Dubai Land Department sales in the last 24 months. This is a price paid, not an asking price.

What are apartments in MAG 970 selling for right now?

Registered sales of ready units in MAG 970 over the last 12 months have a median of 1,683 AED/sqft, across 8 sales. That is the freshest window holding at least five, and it excludes off-plan. It is a median of what traded, not a valuation of a specific unit — floor, view and condition all move a real price and none of them is in it.

Have prices in MAG 970 risen or fallen?

Median price per square foot moved +0.3% over the last 12 months against the 12 before it, on 21 registered sales. On a sample this size, read the direction rather than the exact figure.

Does MAG 970 earn more short-let than long-let?

A night asks a median of AED 496, which models to 7.90% net at an assumed 80% occupancy for a self-managed unit, after platform fees, cleaning and utilities — against 6.30% gross on the registered long lease. Nightly rates are asking rates sampled across the next 12 months, not registered income.

MAG 970 — sale prices & yield | Sheikh Mohammed Bin Rashid Gardens, Dubai

Buy: 1.38MAED; AED 1,683/sqft
Long-let: 6.30%; AED 85,000/yr
Short-let: 7.90%; AED 496/night · 0.61/sqft

Price per sqft: Median of 8 registered sales of ready units in the last 12 months, most recent June 2026.

Priced off the last 5 sales — most recent June 2026.

Yield spread: -0.0 pts; vs the Sheikh Mohammed Bin Rashid Gardens median for this unit type
Turnover upside: -4.5%; new tenants pay less than sitting ones — 45 renewals
AED/yr/sqft: AED 107
Sales: 21
Rental contracts: 307
Renewal rent: AED 89,000/yr

12 months: +0.3%
3 years: +12.1%+3.9%/yr
5 years: +58.9%+9.7%/yr

Based on 21 sales and 307 rental contracts in the last 24 months. Rental data covers the whole MAG EYE Phase 1 project, not this tower alone.

MAG 970 is an apartment building in Sheikh Mohammed Bin Rashid Gardens, Dubai, one of the towers in the MAG EYE Phase 1 development. Land Department records for it run from 2021 to 2026, 266 registered sales in all — the 21 in the last 24 months are what every median above is computed from.

Price history

Every recorded sale in MAG 970, by year.

Monthly median AED per sqft, smoothed over three months. The band along the bottom is the number of records each month.

Yield by bedroom type

Type	Median price	AED/sqft	Yield	12mo	Sales
Studio	AED 675,000	1629	7.59% +0.1 pts	-9.0%	7
1 bed	AED 1.38M	1678	6.30% -0.0 pts	+0.3%	21

Deltas compare each yield with the Sheikh Mohammed Bin Rashid Gardens median for the same unit type. How these yields are computed

How these yields are computed

Each yield divides the median rent by the median of the last 3 months of sales — or of the last 5 sales where the last 3 months hold fewer than three. Off-plan and ready sales count alike, and each bedroom type is priced off its own sales.

Short-let rates around MAG 970

Median nightly rate on Airbnb for a 7-night stay, priced across the coming year.

How short-let rates are measured

Rates are sampled for every month of the coming year, so the figure carries the full season rather than a winter or summer slice. Listing counts are what those searches returned on the first page — a floor on what the building actually lists, not a count of it. Airbnb publishes approximate coordinates, so even the tightest set — listings within 50 metres — is the building and its immediate neighbours. Where that set is too small to measure a bedroom type, the row widens to the surrounding 500-metre cluster and is marked “500m”.

Type	Nightly (AED)	AED/night/sqft	Net revenue at 80%	Long-let rent	Uplift	Short-let yield	Listings seen
Studio500m	484	1.17	AED 112,474	AED 55,000	2.0×	16.66%	7+
1 bed500m	496	0.61	AED 108,643	AED 85,000	1.3×	7.90%	22+

Nightly rate per sqft through the year

Median nightly rate per sqft by month of stay. Smaller, fainter points rest on fewer listings. Per-sqft puts different bedroom types on the same axis.

Net revenue assumes 80% occupancy — an assumption, not a measurement.

What the net revenue deducts

Occupancy is an assumption because no Dubai source publishes it per building — at half the occupancy, halve the revenue and the yield. From the nightly rate a guest sees, net revenue deducts Airbnb's 15.5% fee, then cleaning at 2 turnovers a month and utilities, both scaled to the unit's measured floor area. Service charge and mortgage are deliberately not deducted: neither comes out of the long-let rent beside it, and a service charge is owed whichever way the unit is let, so taking it off one side only would break the comparison. Neither figure is net of income tax or furnishing. Rows marked 500m widen to the surrounding cluster, because MAG 970 itself had too few listings of that type to measure.

Off-plan vs resale

Units sold off-plan in MAG 970 between 2021 and 2024 went for a median of AED 1,445/sqft (AED 885,000). The same building resells today at AED 1,670/sqft (AED 1.34M) — an uplift of +52.5%.

Based on 106 off-plan sales across the building's full history.

Why this uses the full history

This comparison is deliberately not restricted to the 24-month window used elsewhere on the page — off-plan launches mostly predate it, so the window would erase the sales being compared.

Recent transactions

As filed with the Land Department — data to 2026-08-26.

9 resales in the last 12 months, against 16 a year on average over 2023–2025.

Sales

Date	Type	Sqft	Price	AED/sqft
17 Jun 2026	1 bed	793	AED 1,200,000	1,513

1 resales in the last 3 months.

Rental contracts

The rent figures on this page are pooled from this building’s project, so no individual contract can be attributed to this tower.

Compare with nearby buildings

The most-traded buildings in MAG EYE Phase 1, on the same figures over the same window.

MAG 980 · 5.20%
MAG Eye 920 · 7.25%
MAG Eye 890 · 7.48%
MAG Eye 910 · 8.35%
MAG 930 · 7.58%
MAG Eye 900 · 4.79%
MAG 960 · 7.34%
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Common questions

What is the rental yield in MAG 970?: MAG 970 returns 6.30% gross — median annual rent from new Ejari contracts over the median resale price, before service charge, agency fees or vacant months. Measured across 307 rental contracts registered in the last 24 months.
How much does a 1 bedroom in MAG 970 cost?: The median registered sale price is AED 1.38M (1,678 AED/sqft), from 21 Dubai Land Department sales in the last 24 months. This is a price paid, not an asking price.
What are apartments in MAG 970 selling for right now?: Registered sales of ready units in MAG 970 over the last 12 months have a median of 1,683 AED/sqft, across 8 sales. That is the freshest window holding at least five, and it excludes off-plan. It is a median of what traded, not a valuation of a specific unit — floor, view and condition all move a real price and none of them is in it.
Have prices in MAG 970 risen or fallen?: Median price per square foot moved +0.3% over the last 12 months against the 12 before it, on 21 registered sales. On a sample this size, read the direction rather than the exact figure.
Does MAG 970 earn more short-let than long-let?: A night asks a median of AED 496, which models to 7.90% net at an assumed 80% occupancy for a self-managed unit, after platform fees, cleaning and utilities — against 6.30% gross on the registered long lease. Nightly rates are asking rates sampled across the next 12 months, not registered income.

MAG 970