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1-bed · 514 sqftMAG 505, Dubai South · 2nd floor · completed 2020

219, MAG 505

Sold prices and rental history: sold once, by the developer in May 2018, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 219 · DLD and Ejari recordsUpdated 10 October 2024
Last soldAED 458K28 May 2018
Current rentAED 47K /yr10 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 219, MAG 505

What is 219 worth today?

Last sold for AED 458,000 in 2018

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10 Oct 2024RentedNew contract
AED 47,000/yr12 months · AED 91 per sqft
25 Sep 2023RentedRenewal
AED 30,000/yr12 months · AED 58 per sqft
25 Sep 2022RentedNew contract
AED 28,000/yr12 months · AED 54 per sqft
17 Jun 2021RentedRenewal
AED 25,000/yr13 months · AED 49 per sqft
17 Jun 2020RentedNew contract
AED 25,000/yr12 months · AED 48 per sqft
28 May 2018Sold by developerOff-plan
AED 458,000AED 891 per sqft

Source: Dubai Land Department. Updated 10 October 2024.

Key facts

Type
1-bed apartment
Size
514 sqft
Floor
2nd of 6
Parking
G-121
Developer
MAG
Completed
2020
Service charge
AED 8,400 /yr
Last sold
AED 458K · May 2018
Building
MAG 505

About 219, MAG 505

219 is a one-bedroom apartment of 514 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 28 May 2018 for AED 458,000, or AED 891 per sqft, in line with the AED 906 one-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, signed on 10 October 2024, is AED 47,000 a year: a gross yield of 10.3% on the 2018 price, before the service charge of about AED 8,400 a year.

Sales and rents for 219 over time

Sales
Unit 219, 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, May 2018: AED 458,000 (AED 891 per sqft)

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

Rents
Unit 219, 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, June 2020: AED 25,000 a yearRenewal, June 2021: AED 25,000 a yearNew contract, September 2022: AED 28,000 a yearRenewal, September 2023: AED 30,000 a yearNew contract, October 2024: AED 47,000 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 219 sits

All 60 1-beds →

219 last sold in May 2018 at AED 891 per sqft, in line with what one-beds in MAG 505 were fetching at the time (AED 906). 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. 219's AED 47,000 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

219, MAG 505 in numbers

  • Sold once: by MAG on 28 May 2018 for AED 458,000, or AED 891 per sqft.
  • Rented since June 2020 on 5 Ejari contracts, from AED 25,000 to AED 47,000 a year.
  • At AED 47,000 a year the gross yield on the 2018 price is 10.3%, before a service charge of about AED 8,400 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 10 October 2024.

Questions about 219, MAG 505

What did unit 219 last sell for?

AED 458,000 on 28 May 2018, sold by the developer: AED 891 per sqft for 514 sqft. It is the only registered sale of the unit.

What is the rent for unit 219?

AED 47,000 a year on the contract signed on 10 October 2024. The previous contract, from September 2023, was AED 30,000; the unit has been rented since June 2020.

How big is unit 219?

514 sqft (47.8 sqm): a one-bedroom apartment on the 2nd floor of a 6-storey tower completed in 2020.

What is unit 219 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 219, MAG 505

Starts from the last sale price (AED 458K, 28 May 2018). Switch to today's estimate once you have unlocked it.
Price
AED 458,000
Deposit, UAE resident (20%)
AED 91,600
Deposit, non-resident (40%)
AED 183,200
Monthly over 25 years at 3.7%
AED 1,874

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