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1-bed · 628 sqftMAG 505, Dubai South · 3rd floor · completed 2020

301, MAG 505

Sold prices and rental history: sold 3 times, last in January 2025, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 301 · DLD and Ejari recordsUpdated 4 January 2025
Last soldAED 620K4 January 2025
Current rentAED 30K /yr6 December 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 301, MAG 505

What is 301 worth today?

Last sold for AED 620,000 in 2025

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4 Jan 2025SoldReady
AED 620,000AED 986 per sqft
5 Jan 2024SoldReady
AED 500,000AED 795 per sqft
6 Dec 2022RentedNew contract
AED 30,000/yr12 months · AED 48 per sqft
12 Sep 2020RentedNew contract
AED 23,000/yr13 months · AED 37 per sqft
27 May 2019Sold by developerOff-plan
AED 500,000AED 795 per sqft

Source: Dubai Land Department. Updated 4 January 2025.

Key facts

Type
1-bed apartment
Size
628 sqft
Floor
3rd of 6
Parking
G-99
Developer
MAG
Completed
2020
Service charge
AED 10,300 /yr
Last sold
AED 620K · January 2025
Building
MAG 505

About 301, MAG 505

301 is a one-bedroom apartment of 628 sqft on the 3rd floor of MAG 505, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 4 January 2025 for AED 620,000, or AED 986 per sqft, 18% above the AED 835 one-beds in the building were fetching at the time.

It has been rented since 2020 on 2 Ejari contracts. The current contract, signed on 6 December 2022, is AED 30,000 a year: a gross yield of 4.8% on the 2025 price, before the service charge of about AED 10,300 a year.

Sales and rents for 301 over time

Sales
Unit 301, 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 2019: AED 500,000 (AED 795 per sqft)Sold, January 2024: AED 500,000 (AED 795 per sqft)Sold, January 2025: AED 620,000 (AED 986 per sqft)

301 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 301, 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, September 2020: AED 23,000 a yearNew contract, December 2022: AED 30,000 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 301 sits

All 60 1-beds →

301 last sold in January 2025 at AED 986 per sqft, 18% above what one-beds in MAG 505 were fetching at the time (AED 835). 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. 301's AED 30,000 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 3rd floor

All 132 units in MAG 505
Value
302StudioAED 364K · Sep 2019
303StudioAED 290K · Apr 2018
3041-bedAED 442K · May 2018
3052-bedAED 562K · Aug 2019
3061-bedAED 458K · Jun 2018
307StudioAED 380K · May 2019
308StudioAED 350K · Sep 2019
1–7 of 21

301, MAG 505 in numbers

  • Sold 3 times: first on 27 May 2019 for AED 500,000, last on 4 January 2025 for AED 620,000 (AED 986 per sqft).
  • Rented since September 2020 on 2 Ejari contracts, from AED 23,000 to AED 30,000 a year.
  • At AED 30,000 a year the gross yield on the 2025 price is 4.8%, before a service charge of about AED 10,300 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 4 January 2025.

Questions about 301, MAG 505

What did unit 301 last sell for?

AED 620,000 on 4 January 2025: AED 986 per sqft for 628 sqft. The unit has 3 registered sales; the first was AED 500,000 in May 2019.

What is the rent for unit 301?

AED 30,000 a year on the contract signed on 6 December 2022. The previous contract, from September 2020, was AED 23,000.

How big is unit 301?

628 sqft (58.3 sqm): a one-bedroom apartment on the 3rd floor of a 6-storey tower completed in 2020.

What is unit 301 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 301, MAG 505

Starts from the last sale price (AED 620K, 4 January 2025). Switch to today's estimate once you have unlocked it.
Price
AED 620,000
Deposit, UAE resident (20%)
AED 124,000
Deposit, non-resident (40%)
AED 248,000
Monthly over 25 years at 3.7%
AED 2,537

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