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Studio · 387 sqftMAG 505, Dubai South · 1st floor · completed 2020

102, MAG 505

Sold prices and rental history: sold once, by the developer in June 2019, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 102 · DLD and Ejari recordsUpdated 1 September 2026
Last soldAED 378K27 June 2019
Current rentAED 36K /yr1 September 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 102, MAG 505

What is 102 worth today?

Last sold for AED 378,280 in 2019

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1 Sep 2026RentedNew contract
AED 36,000/yr12 months · AED 93 per sqft
1 Sep 2025RentedNew contract
AED 40,000/yr12 months · AED 103 per sqft
5 Jun 2024RentedRenewal
AED 27,000/yr12 months · AED 70 per sqft
5 Jun 2023RentedRenewal
AED 23,000/yr12 months · AED 59 per sqft
5 Jun 2022RentedNew contract
AED 20,000/yr12 months · AED 52 per sqft
1 May 2021RentedNew contract
AED 17,000/yr13 months · AED 44 per sqft
27 Jun 2019Sold by developerOff-plan
AED 378,280AED 977 per sqft

Source: Dubai Land Department. Updated 1 September 2026.

Key facts

Type
Studio apartment
Size
387 sqft
Floor
1st of 6
Parking
G-133
Developer
MAG
Completed
2020
Service charge
AED 6,300 /yr
Last sold
AED 378K · June 2019
Building
MAG 505

About 102, MAG 505

102 is a studio of 387 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 27 June 2019 for AED 378,280, or AED 977 per sqft, in line with the AED 982 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 6 Ejari contracts. The current contract, signed on 1 September 2026, is AED 36,000 a year: a gross yield of 9.5% on the 2019 price, before the service charge of about AED 6,300 a year.

Sales and rents for 102 over time

Sales
Unit 102, each saleTypical studio in MAG 505
300K400K2018202020222024Typical sale price by year: 2018 AED 388,474; 2019 AED 378,280; 2020 AED 375,000; 2021 AED 252,350; 2023 AED 312,500; 2024 AED 347,500Sold by developer, June 2019: AED 378,280 (AED 977 per sqft)

102 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 102, each contractTypical studio in MAG 505
20K40K2020202220242026Typical rent by year: 2020 AED 18,000; 2021 AED 18,000; 2022 AED 20,000; 2023 AED 24,000; 2024 AED 32,000; 2025 AED 37,000; 2026 AED 38,000New contract, May 2021: AED 17,000 a yearNew contract, June 2022: AED 20,000 a yearRenewal, June 2023: AED 23,000 a yearRenewal, June 2024: AED 27,000 a yearNew contract, September 2025: AED 40,000 a yearNew contract, September 2026: AED 36,000 a year

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

Studios in MAG 505, and where 102 sits

All 60 studios →

102 last sold in June 2019 at AED 977 per sqft, in line with what studios in MAG 505 were fetching at the time (AED 982). Over the last 12 months studios sold for AED 420,000 to 550,000, around AED 1,182 per sqft, and rent for AED 26,000 to 50,000 a year. 102's AED 36,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
7 Aug 202619,936
5 Jun 2026420,000
3 Dec 2025550,000
15 Jan 2025495,000
3 studio 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
1011-bedAED 480K · Sep 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

102, MAG 505 in numbers

  • Sold once: by MAG on 27 June 2019 for AED 378,280, or AED 977 per sqft.
  • Rented since May 2021 on 6 Ejari contracts, from AED 17,000 to AED 36,000 a year.
  • At AED 36,000 a year the gross yield on the 2019 price is 9.5%, before a service charge of about AED 6,300 a year (AED 16.40 per sqft).
  • Studios in MAG 505 sold for AED 420,000–550,000 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 1 September 2026.

Questions about 102, MAG 505

What did unit 102 last sell for?

AED 378,280 on 27 June 2019, sold by the developer: AED 977 per sqft for 387 sqft. It is the only registered sale of the unit.

What is the rent for unit 102?

AED 36,000 a year on the contract signed on 1 September 2026. The previous contract, from September 2025, was AED 40,000; the unit has been rented since May 2021.

How big is unit 102?

387 sqft (36.0 sqm): a studio on the 1st floor of a 6-storey tower completed in 2020.

What is unit 102 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in MAG 505 sold for AED 420,000 to 550,000 in the last 12 months, around AED 1,182 per sqft.

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Mortgage on 102, MAG 505

Starts from the last sale price (AED 378K, 27 June 2019). Switch to today's estimate once you have unlocked it.
Price
AED 378,280
Deposit, UAE resident (20%)
AED 75,656
Deposit, non-resident (40%)
AED 151,312
Monthly over 25 years at 3.7%
AED 1,548

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