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1-bed · 638 sqftMAG 505, Dubai South · 2nd floor · completed 2020

214, MAG 505

Sold prices and rental history: sold twice, last in July 2024, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 214 · DLD and Ejari recordsUpdated 25 July 2025
Last soldAED 495K5 July 2024
Current rentAED 52K /yr25 July 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 214, MAG 505

What is 214 worth today?

Last sold for AED 495,000 in 2024

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25 Jul 2025RentedNew contract
AED 52,000/yr12 months · AED 82 per sqft
25 Jul 2025RentedNew contract
AED 52,000/yr12 months · AED 82 per sqft
5 Jul 2024SoldReady
AED 495,000AED 776 per sqft
13 Mar 2023Sold by developerReady
AED 450,836AED 707 per sqft
2 Apr 2022RentedNew contract
AED 26,000/yr12 months · AED 41 per sqft
2 Apr 2021RentedNew contract
AED 26,000/yr12 months · AED 41 per sqft

Source: Dubai Land Department. Updated 25 July 2025.

Key facts

Type
1-bed apartment
Size
638 sqft
Floor
2nd of 6
Parking
G-36
Developer
MAG
Completed
2020
Service charge
AED 10,500 /yr
Last sold
AED 495K · July 2024
Building
MAG 505

About 214, MAG 505

214 is a one-bedroom apartment of 638 sqft on the 2nd floor of MAG 505, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 5 July 2024 for AED 495,000, or AED 776 per sqft, in line with the AED 779 one-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, signed on 25 July 2025, is AED 52,000 a year: a gross yield of 10.5% on the 2024 price, before the service charge of about AED 10,500 a year.

Sales and rents for 214 over time

Sales
Unit 214, 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, March 2023: AED 450,836 (AED 707 per sqft)Sold, July 2024: AED 495,000 (AED 776 per sqft)

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

Rents
Unit 214, 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, April 2021: AED 26,000 a yearNew contract, April 2022: AED 26,000 a yearNew contract, July 2025: AED 52,000 a yearNew contract, July 2025: AED 52,000 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 214 sits

All 60 1-beds →

214 last sold in July 2024 at AED 776 per sqft, in line with what one-beds in MAG 505 were fetching at the time (AED 779). 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. 214's AED 52,000 is in the upper 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

214, MAG 505 in numbers

  • Sold twice: first on 13 March 2023 for AED 450,836, last on 5 July 2024 for AED 495,000 (AED 776 per sqft).
  • Rented since April 2021 on 4 Ejari contracts, from AED 26,000 to AED 52,000 a year.
  • At AED 52,000 a year the gross yield on the 2024 price is 10.5%, before a service charge of about AED 10,500 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 25 July 2025.

Questions about 214, MAG 505

What did unit 214 last sell for?

AED 495,000 on 5 July 2024: AED 776 per sqft for 638 sqft. The unit has 2 registered sales; the first was AED 450,836 in March 2023.

What is the rent for unit 214?

AED 52,000 a year on the contract signed on 25 July 2025. The previous contract, from July 2025, was AED 52,000; the unit has been rented since April 2021.

How big is unit 214?

638 sqft (59.3 sqm): a one-bedroom apartment on the 2nd floor of a 6-storey tower completed in 2020.

What is unit 214 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 214, MAG 505

Starts from the last sale price (AED 495K, 5 July 2024). Switch to today's estimate once you have unlocked it.
Price
AED 495,000
Deposit, UAE resident (20%)
AED 99,000
Deposit, non-resident (40%)
AED 198,000
Monthly over 25 years at 3.7%
AED 2,025

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