216, MAG 505
Sold prices and rental history: sold once, by the developer in April 2018, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 216, MAG 505
What is 216 worth today?
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Source: Dubai Land Department. Updated 18 July 2025.
Key facts
- Type
- Studio apartment
- Size
- 410 sqft
- Floor
- 2nd of 6
- Parking
- G-38
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 6,700 /yr
- Last sold
- AED 409K · April 2018
- Building
- MAG 505
About 216, MAG 505
216 is a studio of 410 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 8 April 2018 for AED 409,350, or AED 997 per sqft, 5% above the AED 952 studios in the building were fetching at the time.
It has been rented since 2020 on 2 Ejari contracts. The current contract, signed on 18 July 2025, is AED 56,400 a year: a gross yield of 13.8% on the 2018 price, before the service charge of about AED 6,700 a year.
Sales and rents for 216 over time
216 has sold once; 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 216 sits
All 60 studios →216 last sold in April 2018 at AED 997 per sqft, 5% above what studios in MAG 505 were fetching at the time (AED 952). 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. 216's AED 56,400 is at the top 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 2nd floor
All 132 units in MAG 505| ValueToday's value | |||||
|---|---|---|---|---|---|
| 201 | 1-bed | 628 sqft | AED 533KAED 533,000 · May 2018May 2018 | 45,000 /yr | |
| 202 | Studio | 387 sqft | AED 380KAED 380,000 · Apr 2018April 2018 | 38,000 /yr | |
| 203 | Studio | 365 sqft | AED 384KAED 383,817 · Jul 2018July 2018 | 18,000 /yr | |
| 204 | 1-bed | 478 sqft | AED 240KAED 240,000 · Mar 2021March 2021 | 46,000 /yr | |
| 205 | 2-bed | 668 sqft | AED 770KAED 770,000 · Oct 2025October 2025 | 55,000 /yr | |
| 206 | 1-bed | 483 sqft | AED 420KAED 420,000 · Jun 2018June 2018 | 45,000 /yr | |
| 207 | Studio | 387 sqft | AED 385KAED 385,000 · Mar 2018March 2018 | 25,000 /yr | |
| 208 | Studio | 347 sqft | AED 350KAED 350,000 · Sep 2019September 2019 | 38,000 /yr | |
| 209 | 1-bed | 478 sqft | AED 345KAED 345,000 · Jun 2023June 2023 | 40,000 /yr | |
| 210 | 2-bed | 666 sqft | AED 562KAED 562,000 · Feb 2020February 2020 | 28,000 /yr | |
| 211 | 1-bed | 483 sqft | AED 340KAED 340,000 · Nov 2021November 2021 | 45,000 /yr | |
| 212 | 1-bed | 656 sqft | AED 508KAED 508,000 · Apr 2019April 2019 | 25,000 /yr | |
| 213 | 1-bed | 622 sqft | AED 466KAED 466,000 · Jun 2018June 2018 | 55,000 /yr | |
| 214 | 1-bed | 638 sqft | AED 495KAED 495,000 · Jul 2024July 2024 | 52,000 /yr | |
| 215 | Studio | 410 sqft | AED 394KAED 394,000 · Mar 2018March 2018 | 38,000 /yr | |
| 217 | Studio | 437 sqft | AED 395KAED 395,000 · Jun 2018June 2018 | 37,000 /yr | |
| 218 | Studio | 437 sqft | AED 395KAED 395,000 · Jul 2018July 2018 | 26,000 /yr | |
| 219 | 1-bed | 514 sqft | AED 458KAED 458,000 · May 2018May 2018 | 47,000 /yr | |
| 220 | 1-bed | 514 sqft | AED 458KAED 458,000 · May 2018May 2018 | ||
| 221 | Studio | 360 sqft | AED 375KAED 375,000 · Sep 2020September 2020 | 34,000 /yr | |
| 222 | Studio | 360 sqft | AED 260KAED 260,000 · Nov 2022November 2022 | 40,000 /yr |
216, MAG 505 in numbers
- Sold once: by MAG on 8 April 2018 for AED 409,350, or AED 997 per sqft.
- Rented since December 2020 on 2 Ejari contracts, from AED 17,952 to AED 56,400 a year.
- At AED 56,400 a year the gross yield on the 2018 price is 13.8%, before a service charge of about AED 6,700 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 18 July 2025.
Questions about 216, MAG 505
What did unit 216 last sell for?
AED 409,350 on 8 April 2018, sold by the developer: AED 997 per sqft for 410 sqft. It is the only registered sale of the unit.
What is the rent for unit 216?
AED 56,400 a year on the contract signed on 18 July 2025. The previous contract, from December 2020, was AED 17,952.
How big is unit 216?
410 sqft (38.1 sqm): a studio on the 2nd floor of a 6-storey tower completed in 2020.
What is unit 216 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 216, MAG 505
Starts from the last sale price (AED 409K, 8 April 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 409,350
- Deposit, UAE resident (20%)
- AED 81,870
- Deposit, non-resident (40%)
- AED 163,740
- Monthly over 25 years at 3.7%
- AED 1,675
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →