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1-bed · 514 sqftMAG 505, Dubai South · 1st floor · completed 2020

120, MAG 505

Sold prices and rental history: sold once, by the developer in May 2018, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 120 · DLD and Ejari recordsUpdated 20 December 2025
Last soldAED 458K10 May 2018
Current rentAED 46K /yr20 December 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 120, MAG 505

What is 120 worth today?

Last sold for AED 458,000 in 2018

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20 Dec 2025RentedRenewal
AED 46,200/yr12 months · AED 90 per sqft
20 Dec 2024RentedRenewal
AED 42,000/yr12 months · AED 82 per sqft
20 Dec 2023RentedNew contract
AED 40,000/yr12 months · AED 78 per sqft
1 Nov 2022RentedNew contract
AED 30,000/yr12 months · AED 58 per sqft
11 Aug 2021RentedRenewal
AED 21,000/yr12 months · AED 41 per sqft
11 Aug 2020RentedNew contract
AED 21,000/yr12 months · AED 41 per sqft
10 May 2018Sold by developerOff-plan
AED 458,000AED 891 per sqft

Source: Dubai Land Department. Updated 20 December 2025.

Key facts

Type
1-bed apartment
Size
514 sqft
Floor
1st of 6
Parking
G-20
Developer
MAG
Completed
2020
Service charge
AED 8,400 /yr
Last sold
AED 458K · May 2018
Building
MAG 505

About 120, MAG 505

120 is a one-bedroom apartment of 514 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 10 May 2018 for AED 458,000, or AED 891 per sqft, 4% below the AED 924 one-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 6 Ejari contracts. The current contract, renewed on 20 December 2025, is AED 46,200 a year: a gross yield of 10.1% on the 2018 price, before the service charge of about AED 8,400 a year.

Sales and rents for 120 over time

Sales
Unit 120, 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, May 2018: AED 458,000 (AED 891 per sqft)

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

Rents
Unit 120, 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 2020: AED 21,000 a yearRenewal, August 2021: AED 21,000 a yearNew contract, November 2022: AED 30,000 a yearNew contract, December 2023: AED 40,000 a yearRenewal, December 2024: AED 42,000 a yearRenewal, December 2025: AED 46,200 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 120 sits

All 60 1-beds →

120 last sold in May 2018 at AED 891 per sqft, 4% below what one-beds in MAG 505 were fetching at the time (AED 924). 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. 120's AED 46,200 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

120, MAG 505 in numbers

  • Sold once: by MAG on 10 May 2018 for AED 458,000, or AED 891 per sqft.
  • Rented since August 2020 on 6 Ejari contracts, from AED 21,000 to AED 46,200 a year.
  • At AED 46,200 a year the gross yield on the 2018 price is 10.1%, before a service charge of about AED 8,400 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 20 December 2025.

Questions about 120, MAG 505

What did unit 120 last sell for?

AED 458,000 on 10 May 2018, sold by the developer: AED 891 per sqft for 514 sqft. It is the only registered sale of the unit.

What is the rent for unit 120?

AED 46,200 a year on the contract renewed on 20 December 2025. The previous contract, from December 2024, was AED 42,000; the unit has been rented since August 2020.

How big is unit 120?

514 sqft (47.8 sqm): a one-bedroom apartment on the 1st floor of a 6-storey tower completed in 2020.

What is unit 120 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 120, MAG 505

Starts from the last sale price (AED 458K, 10 May 2018). Switch to today's estimate once you have unlocked it.
Price
AED 458,000
Deposit, UAE resident (20%)
AED 91,600
Deposit, non-resident (40%)
AED 183,200
Monthly over 25 years at 3.7%
AED 1,874

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