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Studio · 410 sqftMAG 505, Dubai South · 1st floor · completed 2020

115, MAG 505

Sold prices and rental history: sold twice, last in February 2024, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 115 · DLD and Ejari recordsUpdated 30 April 2026
Last soldAED 290K28 February 2024
Current rentAED 40K /yr30 April 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 115, MAG 505

What is 115 worth today?

Last sold for AED 290,000 in 2024

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30 Apr 2026RentedRenewal
AED 40,000/yr12 months · AED 98 per sqft
30 Apr 2025RentedRenewal
AED 37,000/yr12 months · AED 90 per sqft
30 Apr 2025RentedRenewal
AED 37,000/yr12 months · AED 90 per sqft
1 May 2024RentedNew contract
AED 37,103/yr12 months · AED 91 per sqft
28 Feb 2024SoldReady
AED 290,000AED 707 per sqft
29 Jul 2023RentedRenewal
AED 23,100/yr12 months · AED 56 per sqft
29 Jul 2022RentedNew contract
AED 22,200/yr12 months · AED 54 per sqft
30 Jul 2021RentedRenewal
AED 20,000/yr12 months · AED 49 per sqft

Source: Dubai Land Department. Updated 30 April 2026.

Key facts

Type
Studio apartment
Size
410 sqft
Floor
1st of 6
Parking
G-15
Developer
MAG
Completed
2020
Service charge
AED 6,700 /yr
Last sold
AED 290K · February 2024
Building
MAG 505

About 115, MAG 505

115 is a studio of 410 sqft on the 1st floor of MAG 505, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 28 February 2024 for AED 290,000, or AED 707 per sqft, 14% below the AED 821 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 8 Ejari contracts. The current contract, renewed on 30 April 2026, is AED 40,000 a year: a gross yield of 13.8% on the 2024 price, before the service charge of about AED 6,700 a year.

Sales and rents for 115 over time

Sales
Unit 115, 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, August 2019: AED 396,000 (AED 966 per sqft)Sold, February 2024: AED 290,000 (AED 707 per sqft)

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

Rents
Unit 115, 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, July 2020: AED 20,000 a yearRenewal, July 2021: AED 20,000 a yearNew contract, July 2022: AED 22,200 a yearRenewal, July 2023: AED 23,100 a yearNew contract, May 2024: AED 37,103 a yearRenewal, April 2025: AED 37,000 a yearRenewal, April 2025: AED 37,000 a yearRenewal, April 2026: AED 40,000 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 115 sits

All 60 studios →

115 last sold in February 2024 at AED 707 per sqft, 14% below what studios in MAG 505 were fetching at the time (AED 821). 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. 115's AED 40,000 is in the upper 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

115, MAG 505 in numbers

  • Sold twice: first on 5 August 2019 for AED 396,000, last on 28 February 2024 for AED 290,000 (AED 707 per sqft).
  • Rented since July 2020 on 8 Ejari contracts, from AED 20,000 to AED 40,000 a year.
  • At AED 40,000 a year the gross yield on the 2024 price is 13.8%, before a service charge of about AED 6,700 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 April 2026.

Questions about 115, MAG 505

What did unit 115 last sell for?

AED 290,000 on 28 February 2024: AED 707 per sqft for 410 sqft. The unit has 2 registered sales; the first was AED 396,000 in August 2019.

What is the rent for unit 115?

AED 40,000 a year on the contract renewed on 30 April 2026. The previous contract, from April 2025, was AED 37,000; the unit has been rented since July 2020.

How big is unit 115?

410 sqft (38.1 sqm): a studio on the 1st floor of a 6-storey tower completed in 2020.

What is unit 115 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 115, MAG 505

Starts from the last sale price (AED 290K, 28 February 2024). Switch to today's estimate once you have unlocked it.
Price
AED 290,000
Deposit, UAE resident (20%)
AED 58,000
Deposit, non-resident (40%)
AED 116,000
Monthly over 25 years at 3.7%
AED 1,186

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