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Studio · 437 sqftMAG 505, Dubai South · 1st floor · completed 2020

118, MAG 505

Sold prices and rental history: sold once, by the developer in June 2018, and rented continuously since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 118 · DLD and Ejari recordsUpdated 10 January 2026
Last soldAED 395K21 June 2018
Current rentAED 42K /yr10 January 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 118, MAG 505

What is 118 worth today?

Last sold for AED 395,000 in 2018

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10 Jan 2026RentedRenewal
AED 42,000/yr12 months · AED 95 per sqft
10 Jan 2025RentedRenewal
AED 28,000/yr12 months · AED 63 per sqft
10 Jan 2024RentedRenewal
AED 24,150/yr12 months · AED 55 per sqft
10 Jan 2023RentedNew contract
AED 23,000/yr12 months · AED 52 per sqft
21 Jun 2018Sold by developerOff-plan
AED 395,000AED 904 per sqft

Source: Dubai Land Department. Updated 10 January 2026.

Key facts

Type
Studio apartment
Size
437 sqft
Floor
1st of 6
Parking
G-18
Developer
MAG
Completed
2020
Service charge
AED 7,200 /yr
Last sold
AED 395K · June 2018
Building
MAG 505

About 118, MAG 505

118 is a studio of 437 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 21 June 2018 for AED 395,000, or AED 904 per sqft, 5% below the AED 954 studios in the building were fetching at the time.

It has been rented continuously since 2023 on 4 Ejari contracts. The current contract, renewed on 10 January 2026, is AED 42,000 a year: a gross yield of 10.6% on the 2018 price, before the service charge of about AED 7,200 a year.

Sales and rents for 118 over time

Sales
Unit 118, 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 395,000 (AED 904 per sqft)

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

Rents
Unit 118, each contractTypical studio in MAG 505
20K40K2020202220242026Typical 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, January 2023: AED 23,000 a yearRenewal, January 2024: AED 24,150 a yearRenewal, January 2025: AED 28,000 a yearRenewal, January 2026: AED 42,000 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 118 sits

All 60 studios →

118 last sold in June 2018 at AED 904 per sqft, 5% below what studios in MAG 505 were fetching at the time (AED 954). 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. 118's AED 42,000 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

118, MAG 505 in numbers

  • Sold once: by MAG on 21 June 2018 for AED 395,000, or AED 904 per sqft.
  • Rented since January 2023 on 4 Ejari contracts, from AED 23,000 to AED 42,000 a year.
  • At AED 42,000 a year the gross yield on the 2018 price is 10.6%, before a service charge of about AED 7,200 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 January 2026.

Questions about 118, MAG 505

What did unit 118 last sell for?

AED 395,000 on 21 June 2018, sold by the developer: AED 904 per sqft for 437 sqft. It is the only registered sale of the unit.

What is the rent for unit 118?

AED 42,000 a year on the contract renewed on 10 January 2026. The previous contract, from January 2025, was AED 28,000; the unit has been rented since January 2023.

How big is unit 118?

437 sqft (40.6 sqm): a studio on the 1st floor of a 6-storey tower completed in 2020.

What is unit 118 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 118, MAG 505

Starts from the last sale price (AED 395K, 21 June 2018). Switch to today's estimate once you have unlocked it.
Price
AED 395,000
Deposit, UAE resident (20%)
AED 79,000
Deposit, non-resident (40%)
AED 158,000
Monthly over 25 years at 3.7%
AED 1,616

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