Home
Dubai prices
About
Research
Studio · 347 sqftMAG 505, Dubai South · 2nd floor · completed 2020

208, MAG 505

Sold prices and rental history: sold once, by the developer in September 2019, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 208 · DLD and Ejari recordsUpdated 17 December 2025
Last soldAED 350K26 September 2019
Current rentAED 38K /yr17 December 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 208

Property timeline for 208, MAG 505

What is 208 worth today?

Last sold for AED 350,000 in 2019

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

17 Dec 2025RentedRenewal
AED 38,000/yr12 months · AED 109 per sqft
17 Dec 2024RentedNew contract
AED 40,000/yr12 months · AED 115 per sqft
17 Dec 2023RentedNew contract
AED 35,000/yr12 months · AED 102 per sqft
26 Sep 2019Sold by developerOff-plan
AED 350,000AED 1,007 per sqft

Source: Dubai Land Department. Updated 17 December 2025.

Key facts

Type
Studio apartment
Size
347 sqft
Floor
2nd of 6
Parking
G-72
Developer
MAG
Completed
2020
Service charge
AED 5,700 /yr
Last sold
AED 350K · September 2019
Building
MAG 505

About 208, MAG 505

208 is a studio of 347 sqft on the 2nd floor of MAG 505, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 26 September 2019 for AED 350,000, or AED 1,007 per sqft, in line with the AED 982 studios in the building were fetching at the time.

It has been rented since 2023 on 3 Ejari contracts. The current contract, renewed on 17 December 2025, is AED 38,000 a year: a gross yield of 10.9% on the 2019 price, before the service charge of about AED 5,700 a year.

Sales and rents for 208 over time

Sales
Unit 208, 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, September 2019: AED 350,000 (AED 1,007 per sqft)

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

Rents
Unit 208, 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, December 2023: AED 35,000 a yearNew contract, December 2024: AED 40,000 a yearRenewal, December 2025: AED 38,000 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 208 sits

All 60 studios →

208 last sold in September 2019 at AED 1,007 per sqft, in line with what studios in MAG 505 were fetching at the time (AED 982). 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. 208's AED 38,000 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 2nd floor

All 132 units in MAG 505
Value
2011-bedAED 533K · May 2018
202StudioAED 380K · Apr 2018
203StudioAED 384K · Jul 2018
2041-bedAED 240K · Mar 2021
2052-bedAED 770K · Oct 2025
2061-bedAED 420K · Jun 2018
207StudioAED 385K · Mar 2018
1–7 of 21

208, MAG 505 in numbers

  • Sold once: by MAG on 26 September 2019 for AED 350,000, or AED 1,007 per sqft.
  • Rented since December 2023 on 3 Ejari contracts, from AED 35,000 to AED 38,000 a year.
  • At AED 38,000 a year the gross yield on the 2019 price is 10.9%, before a service charge of about AED 5,700 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 17 December 2025.

Questions about 208, MAG 505

What did unit 208 last sell for?

AED 350,000 on 26 September 2019, sold by the developer: AED 1,007 per sqft for 347 sqft. It is the only registered sale of the unit.

What is the rent for unit 208?

AED 38,000 a year on the contract renewed on 17 December 2025. The previous contract, from December 2024, was AED 40,000; the unit has been rented since December 2023.

How big is unit 208?

347 sqft (32.2 sqm): a studio on the 2nd floor of a 6-storey tower completed in 2020.

What is unit 208 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.

Selling 208? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 208, MAG 505

Starts from the last sale price (AED 350K, 26 September 2019). Switch to today's estimate once you have unlocked it.
Price
AED 350,000
Deposit, UAE resident (20%)
AED 70,000
Deposit, non-resident (40%)
AED 140,000
Monthly over 25 years at 3.7%
AED 1,432

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