116, MAG 505
Sold prices and rental history: sold twice, last in June 2026, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 116, MAG 505
What is 116 worth today?
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Source: Dubai Land Department. Updated 4 July 2026.
Key facts
- Type
- Studio apartment
- Size
- 410 sqft
- Floor
- 1st of 6
- Parking
- G-16
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 6,700 /yr
- Last sold
- AED 420K · June 2026
- Building
- MAG 505
About 116, MAG 505
116 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 5 June 2026 for AED 420,000, or AED 1,023 per sqft.
It has been rented continuously since 2020 on 7 Ejari contracts. The current contract, signed on 4 July 2026, is AED 36,000 a year: a gross yield of 8.6% on the 2026 price, before the service charge of about AED 6,700 a year.
Sales and rents for 116 over time
116 has sold twice; the dashed line is the studio median of each year in the building.
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 116 sits
All 60 studios →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. 116's AED 36,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 7 Aug 20267 August 2026 | 437 sqft | 19,936 | 45 | ||
| 3 Dec 20253 December 2025 | 410 sqft | 550,000 | 1,340 | ||
| 15 Jan 202515 January 2025 | 437 sqft | 495,000 | 1,132 | ||
| 18 Nov 202418 November 2024 | 437 sqft | 350,000 | 801 |
MAG 505
Building132 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%
Other units on the 1st floor
All 132 units in MAG 505| ValueToday's value | |||||
|---|---|---|---|---|---|
| 101 | 1-bed | 628 sqft | AED 480KAED 480,000 · Sep 2019September 2019 | 27,000 /yr | |
| 102 | Studio | 387 sqft | AED 378KAED 378,280 · Jun 2019June 2019 | 36,000 /yr | |
| 103 | Studio | 365 sqft | AED 340KAED 340,000 · Jun 2018June 2018 | 41,000 /yr | |
| 104 | 1-bed | 478 sqft | AED 600KAED 600,000 · Jan 2026January 2026 | 46,000 /yr | |
| 105 | 2-bed | 668 sqft | AED 630KAED 630,000 · Aug 2024August 2024 | 63,000 /yr | |
| 106 | 1-bed | 483 sqft | AED 455KAED 455,000 · Oct 2018October 2018 | ||
| 107 | Studio | 387 sqft | AED 340KAED 340,000 · Jun 2018June 2018 | 25,000 /yr | |
| 108 | Studio | 347 sqft | AED 220KAED 220,000 · May 2020May 2020 | 32,000 /yr | |
| 109 | 1-bed | 478 sqft | AED 425KAED 425,000 · May 2018May 2018 | 42,000 /yr | |
| 110 | 2-bed | 666 sqft | AED 490KAED 490,000 · Jul 2019July 2019 | 69,500 /yr | |
| 111 | 1-bed | 483 sqft | AED 530KAED 530,000 · Sep 2024September 2024 | 49,000 /yr | |
| 112 | 1-bed | 656 sqft | AED 460KAED 460,000 · Jan 2022January 2022 | 34,729 /yr | |
| 113 | 1-bed | 622 sqft | AED 466KAED 466,000 · Jun 2018June 2018 | 50,000 /yr | |
| 114 | 1-bed | 638 sqft | AED 537KAED 537,000 · Oct 2024October 2024 | 48,000 /yr | |
| 115 | Studio | 410 sqft | AED 290KAED 290,000 · Feb 2024February 2024 | 40,000 /yr | |
| 117 | Studio | 437 sqft | AED 395KAED 395,000 · Jun 2018June 2018 | 38,000 /yr | |
| 118 | Studio | 437 sqft | AED 395KAED 395,000 · Jun 2018June 2018 | 42,000 /yr | |
| 119 | 1-bed | 514 sqft | AED 570KAED 570,000 · Oct 2025October 2025 | 23,500 /yr | |
| 120 | 1-bed | 514 sqft | AED 458KAED 458,000 · May 2018May 2018 | 46,200 /yr | |
| 121 | Studio | 360 sqft | AED 375KAED 375,000 · Jun 2019June 2019 | 35,000 /yr | |
| 122 | Studio | 360 sqft | AED 345KAED 345,000 · Jun 2024June 2024 | 32,000 /yr |
116, MAG 505 in numbers
- Sold twice: first on 9 May 2018 for AED 395,000, last on 5 June 2026 for AED 420,000 (AED 1,023 per sqft).
- Rented since July 2020 on 7 Ejari contracts, from AED 20,000 to AED 36,000 a year.
- At AED 36,000 a year the gross yield on the 2026 price is 8.6%, 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 4 July 2026.
Questions about 116, MAG 505
What did unit 116 last sell for?
AED 420,000 on 5 June 2026: AED 1,023 per sqft for 410 sqft. The unit has 2 registered sales; the first was AED 395,000 in May 2018.
What is the rent for unit 116?
AED 36,000 a year on the contract signed on 4 July 2026. The previous contract, from July 2025, was AED 24,000; the unit has been rented since July 2020.
How big is unit 116?
410 sqft (38.1 sqm): a studio on the 1st floor of a 6-storey tower completed in 2020.
What is unit 116 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 116, MAG 505
Starts from the last sale price (AED 420K, 5 June 2026). Switch to today's estimate once you have unlocked it.- Price
- AED 420,000
- Deposit, UAE resident (20%)
- AED 84,000
- Deposit, non-resident (40%)
- AED 168,000
- Monthly over 25 years at 3.7%
- AED 1,718
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →