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

107, MAG 505

Sold prices and rental history: sold once, by the developer in June 2018, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 107 · DLD and Ejari recordsUpdated 10 June 2023
Last soldAED 340K25 June 2018
Current rentAED 25K /yr10 June 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 107, MAG 505

What is 107 worth today?

Last sold for AED 340,000 in 2018

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10 Jun 2023RentedNew contract
AED 25,000/yr12 months · AED 65 per sqft
25 Sep 2022RentedRenewal
AED 20,000/yr12 months · AED 52 per sqft
25 Sep 2021RentedNew contract
AED 18,000/yr12 months · AED 47 per sqft
15 Sep 2020RentedNew contract
AED 18,000/yr12 months · AED 47 per sqft
25 Jun 2018Sold by developerOff-plan
AED 340,000AED 878 per sqft

Source: Dubai Land Department. Updated 10 June 2023.

Key facts

Type
Studio apartment
Size
387 sqft
Floor
1st of 6
Parking
G-07
Developer
MAG
Completed
2020
Service charge
AED 6,300 /yr
Last sold
AED 340K · June 2018
Building
MAG 505

About 107, MAG 505

107 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 25 June 2018 for AED 340,000, or AED 878 per sqft, 8% below the AED 952 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, signed on 10 June 2023, is AED 25,000 a year: a gross yield of 7.3% on the 2018 price, before the service charge of about AED 6,300 a year.

Sales and rents for 107 over time

Sales
Unit 107, 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 2018: AED 340,000 (AED 878 per sqft)

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

Rents
Unit 107, each contractTypical studio in MAG 505
20K30K40K2020202220242026Typical 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, September 2020: AED 18,000 a yearNew contract, September 2021: AED 18,000 a yearRenewal, September 2022: AED 20,000 a yearNew contract, June 2023: AED 25,000 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 107 sits

All 60 studios →

107 last sold in June 2018 at AED 878 per sqft, 8% below what studios in MAG 505 were fetching at the time (AED 952). 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. 107's AED 25,000 is at the bottom 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
102StudioAED 378K · Jun 2019
103StudioAED 340K · Jun 2018
1041-bedAED 600K · Jan 2026
1052-bedAED 630K · Aug 2024
1061-bedAED 455K · Oct 2018
108StudioAED 220K · May 2020
1–7 of 21

107, MAG 505 in numbers

  • Sold once: by MAG on 25 June 2018 for AED 340,000, or AED 878 per sqft.
  • Rented since September 2020 on 4 Ejari contracts, from AED 18,000 to AED 25,000 a year.
  • At AED 25,000 a year the gross yield on the 2018 price is 7.3%, 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 10 June 2023.

Questions about 107, MAG 505

What did unit 107 last sell for?

AED 340,000 on 25 June 2018, sold by the developer: AED 878 per sqft for 387 sqft. It is the only registered sale of the unit.

What is the rent for unit 107?

AED 25,000 a year on the contract signed on 10 June 2023. The previous contract, from September 2022, was AED 20,000; the unit has been rented since September 2020.

How big is unit 107?

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

What is unit 107 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 107, MAG 505

Starts from the last sale price (AED 340K, 25 June 2018). Switch to today's estimate once you have unlocked it.
Price
AED 340,000
Deposit, UAE resident (20%)
AED 68,000
Deposit, non-resident (40%)
AED 136,000
Monthly over 25 years at 3.7%
AED 1,391

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