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1-bed · 638 sqftMAG 505, Dubai South · 1st floor · completed 2020

114, MAG 505

Sold prices and rental history: sold twice, last in October 2024, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 114 · DLD and Ejari recordsUpdated 27 October 2025
Last soldAED 537K10 October 2024
Current rentAED 48K /yr27 October 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 114, MAG 505

What is 114 worth today?

Last sold for AED 537,000 in 2024

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27 Oct 2025RentedRenewal
AED 48,000/yr12 months · AED 76 per sqft
27 Oct 2024RentedNew contract
AED 48,000/yr12 months · AED 76 per sqft
10 Oct 2024SoldReady
AED 537,000AED 842 per sqft
1 Nov 2023RentedRenewal
AED 27,000/yr12 months · AED 43 per sqft
1 Nov 2022RentedNew contract
AED 27,000/yr12 months · AED 43 per sqft
21 Sep 2022Sold by developerReady
AED 455,485AED 714 per sqft
1 Aug 2021RentedNew contract
AED 24,000/yr12 months · AED 38 per sqft

Source: Dubai Land Department. Updated 27 October 2025.

Key facts

Type
1-bed apartment
Size
638 sqft
Floor
1st of 6
Parking
G-14
Developer
MAG
Completed
2020
Service charge
AED 10,500 /yr
Last sold
AED 537K · October 2024
Building
MAG 505

About 114, MAG 505

114 is a one-bedroom apartment of 638 sqft on the 1st floor of MAG 505, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 10 October 2024 for AED 537,000, or AED 842 per sqft, 7% above the AED 787 one-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, renewed on 27 October 2025, is AED 48,000 a year: a gross yield of 8.9% on the 2024 price, before the service charge of about AED 10,500 a year.

Sales and rents for 114 over time

Sales
Unit 114, 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 2022: AED 455,485 (AED 714 per sqft)Sold, October 2024: AED 537,000 (AED 842 per sqft)

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

Rents
Unit 114, each contractTypical one-bed in MAG 505
20K40K2020202220242026Typical 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, August 2021: AED 24,000 a yearNew contract, November 2022: AED 27,000 a yearRenewal, November 2023: AED 27,000 a yearNew contract, October 2024: AED 48,000 a yearRenewal, October 2025: AED 48,000 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 114 sits

All 60 1-beds →

114 last sold in October 2024 at AED 842 per sqft, 7% above what one-beds in MAG 505 were fetching at the time (AED 787). 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. 114's AED 48,000 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
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

114, MAG 505 in numbers

  • Sold twice: first on 21 September 2022 for AED 455,485, last on 10 October 2024 for AED 537,000 (AED 842 per sqft).
  • Rented since August 2021 on 5 Ejari contracts, from AED 24,000 to AED 48,000 a year.
  • At AED 48,000 a year the gross yield on the 2024 price is 8.9%, before a service charge of about AED 10,500 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 27 October 2025.

Questions about 114, MAG 505

What did unit 114 last sell for?

AED 537,000 on 10 October 2024: AED 842 per sqft for 638 sqft. The unit has 2 registered sales; the first was AED 455,485 in September 2022.

What is the rent for unit 114?

AED 48,000 a year on the contract renewed on 27 October 2025. The previous contract, from October 2024, was AED 48,000; the unit has been rented since August 2021.

How big is unit 114?

638 sqft (59.3 sqm): a one-bedroom apartment on the 1st floor of a 6-storey tower completed in 2020.

What is unit 114 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 114, MAG 505

Starts from the last sale price (AED 537K, 10 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 537,000
Deposit, UAE resident (20%)
AED 107,400
Deposit, non-resident (40%)
AED 214,800
Monthly over 25 years at 3.7%
AED 2,197

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