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1-bed · 628 sqftMAG 505, Dubai South · 1st floor · completed 2020

101, MAG 505

Sold prices and rental history: sold once, by the developer in September 2019, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 101 · DLD and Ejari recordsUpdated 15 August 2022
Last soldAED 480K23 September 2019
Current rentAED 27K /yr15 August 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 101, MAG 505

What is 101 worth today?

Last sold for AED 480,000 in 2019

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15 Aug 2022RentedNew contract
AED 27,000/yr12 months · AED 43 per sqft
25 Sep 2020RentedNew contract
AED 25,000/yr12 months · AED 40 per sqft
23 Sep 2019Sold by developerOff-plan
AED 480,000AED 763 per sqft

Source: Dubai Land Department. Updated 15 August 2022.

Key facts

Type
1-bed apartment
Size
628 sqft
Floor
1st of 6
Parking
G-01
Developer
MAG
Completed
2020
Service charge
AED 10,300 /yr
Last sold
AED 480K · September 2019
Building
MAG 505

About 101, MAG 505

101 is a one-bedroom apartment of 628 sqft on the 1st floor of MAG 505, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 23 September 2019 for AED 480,000, or AED 763 per sqft, 6% below the AED 808 one-beds in the building were fetching at the time.

It has been rented since 2020 on 2 Ejari contracts. The current contract, signed on 15 August 2022, is AED 27,000 a year: a gross yield of 5.6% on the 2019 price, before the service charge of about AED 10,300 a year.

Sales and rents for 101 over time

Sales
Unit 101, each saleTypical one-bed in MAG 505
400K500K600K20182020202220242026Typical sale price by year: 2018 AED 452,000; 2019 AED 478,240; 2020 AED 448,001; 2022 AED 455,485; 2023 AED 400,418; 2024 AED 495,000; 2025 AED 620,000Sold by developer, September 2019: AED 480,000 (AED 763 per sqft)

101 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 101, each contractTypical one-bed in MAG 505
20K30K40K2020202220242026Typical rent by year: 2020 AED 23,500; 2021 AED 23,500; 2022 AED 26,000; 2023 AED 29,000; 2024 AED 40,000; 2025 AED 45,000; 2026 AED 45,000New contract, September 2020: AED 25,000 a yearNew contract, August 2022: AED 27,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in MAG 505, and where 101 sits

All 60 1-beds →

101 last sold in September 2019 at AED 763 per sqft, 6% below what one-beds in MAG 505 were fetching at the time (AED 808). Over the last 12 months one-beds sold for AED 600,000 to 690,000, around AED 1,181 per sqft, and rent for AED 25,000 to 72,000 a year. 101's AED 27,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
16 Jul 2026690,000
20 Jan 2026600,000
22 Oct 2025570,000
30 Sep 2025714,000
2 1-bed sales in the last 12 months

MAG 505

Building

132 apartments, studios to 2-bed over 6 floors in Dubai South, completed in 2020 by MAG. 6 sold in the last 12 months.

Typical price per sqft
AED 1,107
Typical sale
AED 600K
Typical rent
AED 42K /yr
Typical yield
8.4%
MAG 505, Dubai South: prices, sales and rents →

Other units on the 1st floor

All 132 units in MAG 505
Value
102StudioAED 378K · Jun 2019
103StudioAED 340K · Jun 2018
1041-bedAED 600K · Jan 2026
1052-bedAED 630K · Aug 2024
1061-bedAED 455K · Oct 2018
107StudioAED 340K · Jun 2018
108StudioAED 220K · May 2020
1–7 of 21

101, MAG 505 in numbers

  • Sold once: by MAG on 23 September 2019 for AED 480,000, or AED 763 per sqft.
  • Rented since September 2020 on 2 Ejari contracts, from AED 25,000 to AED 27,000 a year.
  • At AED 27,000 a year the gross yield on the 2019 price is 5.6%, before a service charge of about AED 10,300 a year (AED 16.40 per sqft).
  • One-beds in MAG 505 sold for AED 600,000–690,000 in the 12 months to November 2026; the building's median across all types is AED 1,107 per sqft.

Source: Dubai Land Department. Updated 15 August 2022.

Questions about 101, MAG 505

What did unit 101 last sell for?

AED 480,000 on 23 September 2019, sold by the developer: AED 763 per sqft for 628 sqft. It is the only registered sale of the unit.

What is the rent for unit 101?

AED 27,000 a year on the contract signed on 15 August 2022. The previous contract, from September 2020, was AED 25,000.

How big is unit 101?

628 sqft (58.3 sqm): a one-bedroom apartment on the 1st floor of a 6-storey tower completed in 2020.

What is unit 101 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in MAG 505 sold for AED 600,000 to 690,000 in the last 12 months, around AED 1,181 per sqft.

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Mortgage on 101, MAG 505

Starts from the last sale price (AED 480K, 23 September 2019). Switch to today's estimate once you have unlocked it.
Price
AED 480,000
Deposit, UAE resident (20%)
AED 96,000
Deposit, non-resident (40%)
AED 192,000
Monthly over 25 years at 3.7%
AED 1,964

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →