122, MAG 505
Sold prices and rental history: sold twice, last in June 2024, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 122, MAG 505
What is 122 worth today?
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Source: Dubai Land Department. Updated 22 March 2025.
Key facts
- Type
- Studio apartment
- Size
- 360 sqft
- Floor
- 1st of 6
- Parking
- G-22
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 5,900 /yr
- Last sold
- AED 345K · June 2024
- Building
- MAG 505
About 122, MAG 505
122 is a studio of 360 sqft on the 1st floor of MAG 505, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 7 June 2024 for AED 345,000, or AED 958 per sqft, 11% above the AED 865 studios in the building were fetching at the time.
It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, signed on 22 March 2025, is AED 32,000 a year: a gross yield of 9.3% on the 2024 price, before the service charge of about AED 5,900 a year.
Sales and rents for 122 over time
122 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 122 sits
All 60 studios →122 last sold in June 2024 at AED 958 per sqft, 11% above what studios in MAG 505 were fetching at the time (AED 865). 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. 122's AED 32,000 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 | ||
| 5 Jun 20265 June 2026 | 410 sqft | 420,000 | 1,023 | ||
| 3 Dec 20253 December 2025 | 410 sqft | 550,000 | 1,340 | ||
| 15 Jan 202515 January 2025 | 437 sqft | 495,000 | 1,132 |
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 | |
| 116 | Studio | 410 sqft | AED 420KAED 420,000 · Jun 2026June 2026 | 36,000 /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, MAG 505 in numbers
- Sold twice: first on 6 February 2020 for AED 385,140, last on 7 June 2024 for AED 345,000 (AED 958 per sqft).
- Rented since February 2022 on 4 Ejari contracts, from AED 20,000 to AED 32,000 a year.
- At AED 32,000 a year the gross yield on the 2024 price is 9.3%, before a service charge of about AED 5,900 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 22 March 2025.
Questions about 122, MAG 505
What did unit 122 last sell for?
AED 345,000 on 7 June 2024: AED 958 per sqft for 360 sqft. The unit has 2 registered sales; the first was AED 385,140 in February 2020.
What is the rent for unit 122?
AED 32,000 a year on the contract signed on 22 March 2025. The previous contract, from March 2024, was AED 27,000; the unit has been rented since February 2022.
How big is unit 122?
360 sqft (33.4 sqm): a studio on the 1st floor of a 6-storey tower completed in 2020.
What is unit 122 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 122, MAG 505
Starts from the last sale price (AED 345K, 7 June 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 345,000
- Deposit, UAE resident (20%)
- AED 69,000
- Deposit, non-resident (40%)
- AED 138,000
- Monthly over 25 years at 3.7%
- AED 1,412
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →