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Studio · 347 sqftMAG 505, Dubai South · 1st floor · completed 2020

108, MAG 505

Sold prices and rental history: sold twice, last in May 2020, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 108 · DLD and Ejari recordsUpdated 30 October 2026
Last soldAED 220K7 May 2020
Current rentAED 32K /yr30 October 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 108, MAG 505

What is 108 worth today?

Last sold for AED 220,000 in 2020

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30 Oct 2026RentedRenewal
AED 32,000/yr12 months · AED 92 per sqft
30 Oct 2025RentedNew contract
AED 32,000/yr12 months · AED 92 per sqft
30 Oct 2024RentedRenewal
AED 24,000/yr12 months · AED 70 per sqft
30 Oct 2023RentedRenewal
AED 20,000/yr12 months · AED 58 per sqft
30 Oct 2022RentedRenewal
AED 19,000/yr12 months · AED 55 per sqft
30 Oct 2021RentedRenewal
AED 18,000/yr12 months · AED 52 per sqft
30 Oct 2020RentedNew contract
AED 18,000/yr12 months · AED 52 per sqft
7 May 2020SoldReady
AED 220,000AED 633 per sqft

Source: Dubai Land Department. Updated 30 October 2026.

Key facts

Type
Studio apartment
Size
347 sqft
Floor
1st of 6
Parking
G-08
Developer
MAG
Completed
2020
Service charge
AED 5,700 /yr
Last sold
AED 220K · May 2020
Building
MAG 505

About 108, MAG 505

108 is a studio of 347 sqft on the 1st floor of MAG 505, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 7 May 2020 for AED 220,000, or AED 633 per sqft, 36% below the AED 995 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 7 Ejari contracts. The current contract, renewed on 30 October 2026, is AED 32,000 a year: a gross yield of 14.5% on the 2020 price, before the service charge of about AED 5,700 a year.

Sales and rents for 108 over time

Sales
Unit 108, each saleTypical studio in MAG 505
200K300K400K2018202020222024Typical 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, October 2019: AED 190,000 (AED 546 per sqft)Sold, May 2020: AED 220,000 (AED 633 per sqft)

108 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 108, 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, October 2020: AED 18,000 a yearRenewal, October 2021: AED 18,000 a yearRenewal, October 2022: AED 19,000 a yearRenewal, October 2023: AED 20,000 a yearRenewal, October 2024: AED 24,000 a yearNew contract, October 2025: AED 32,000 a yearRenewal, October 2026: AED 32,000 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 108 sits

All 60 studios →

108 last sold in May 2020 at AED 633 per sqft, 36% below what studios in MAG 505 were fetching at the time (AED 995). 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. 108's AED 32,000 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
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
1–7 of 21

108, MAG 505 in numbers

  • Sold twice: first on 2 October 2019 for AED 190,000, last on 7 May 2020 for AED 220,000 (AED 633 per sqft).
  • Rented since October 2020 on 7 Ejari contracts, from AED 18,000 to AED 32,000 a year.
  • At AED 32,000 a year the gross yield on the 2020 price is 14.5%, before a service charge of about AED 5,700 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 30 October 2026.

Questions about 108, MAG 505

What did unit 108 last sell for?

AED 220,000 on 7 May 2020: AED 633 per sqft for 347 sqft. The unit has 2 registered sales; the first was AED 190,000 in October 2019.

What is the rent for unit 108?

AED 32,000 a year on the contract renewed on 30 October 2026. The previous contract, from October 2025, was AED 32,000; the unit has been rented since October 2020.

How big is unit 108?

347 sqft (32.2 sqm): a studio on the 1st floor of a 6-storey tower completed in 2020.

What is unit 108 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 108, MAG 505

Starts from the last sale price (AED 220K, 7 May 2020). Switch to today's estimate once you have unlocked it.
Price
AED 220,000
Deposit, UAE resident (20%)
AED 44,000
Deposit, non-resident (40%)
AED 88,000
Monthly over 25 years at 3.7%
AED 900

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