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1-bed · 478 sqftMAG 505, Dubai South · 2nd floor · completed 2020

209, MAG 505

Sold prices and rental history: sold twice, last in June 2023, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 209 · DLD and Ejari recordsUpdated 2 March 2024
Last soldAED 345K14 June 2023
Current rentAED 40K /yr2 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 209, MAG 505

What is 209 worth today?

Last sold for AED 345,000 in 2023

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2 Mar 2024RentedNew contract
AED 40,000/yr12 months · AED 84 per sqft
14 Jun 2023SoldReady
AED 345,000AED 721 per sqft
25 Feb 2022RentedRenewal
AED 24,000/yr12 months · AED 50 per sqft
25 Feb 2021RentedNew contract
AED 23,000/yr12 months · AED 48 per sqft
7 May 2018Sold by developerOff-plan
AED 448,000AED 936 per sqft

Source: Dubai Land Department. Updated 2 March 2024.

Key facts

Type
1-bed apartment
Size
478 sqft
Floor
2nd of 6
Parking
G-31
Developer
MAG
Completed
2020
Service charge
AED 7,800 /yr
Last sold
AED 345K · June 2023
Building
MAG 505

About 209, MAG 505

209 is a one-bedroom apartment of 478 sqft on the 2nd floor of MAG 505, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 14 June 2023 for AED 345,000, or AED 721 per sqft, in line with the AED 711 one-beds in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, signed on 2 March 2024, is AED 40,000 a year: a gross yield of 11.6% on the 2023 price, before the service charge of about AED 7,800 a year.

Sales and rents for 209 over time

Sales
Unit 209, each saleTypical one-bed in MAG 505
400K600K20182020202220242026Typical 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 448,000 (AED 936 per sqft)Sold, June 2023: AED 345,000 (AED 721 per sqft)

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

Rents
Unit 209, each contractTypical one-bed in MAG 505
20K30K40K2020202220242026Typical 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, February 2021: AED 23,000 a yearRenewal, February 2022: AED 24,000 a yearNew contract, March 2024: AED 40,000 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 209 sits

All 60 1-beds →

209 last sold in June 2023 at AED 721 per sqft, in line with what one-beds in MAG 505 were fetching at the time (AED 711). 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. 209's AED 40,000 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 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

209, MAG 505 in numbers

  • Sold twice: first on 7 May 2018 for AED 448,000, last on 14 June 2023 for AED 345,000 (AED 721 per sqft).
  • Rented since February 2021 on 3 Ejari contracts, from AED 23,000 to AED 40,000 a year.
  • At AED 40,000 a year the gross yield on the 2023 price is 11.6%, before a service charge of about AED 7,800 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 2 March 2024.

Questions about 209, MAG 505

What did unit 209 last sell for?

AED 345,000 on 14 June 2023: AED 721 per sqft for 478 sqft. The unit has 2 registered sales; the first was AED 448,000 in May 2018.

What is the rent for unit 209?

AED 40,000 a year on the contract signed on 2 March 2024. The previous contract, from February 2022, was AED 24,000; the unit has been rented since February 2021.

How big is unit 209?

478 sqft (44.4 sqm): a one-bedroom apartment on the 2nd floor of a 6-storey tower completed in 2020.

What is unit 209 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 209, MAG 505

Starts from the last sale price (AED 345K, 14 June 2023). 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 →