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Studio · 387 sqftMAG 505, Dubai South · 3rd floor · completed 2020

302, MAG 505

Sold prices and rental history: sold once, by the developer in September 2019, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 302 · DLD and Ejari recordsUpdated 1 March 2026
Last soldAED 364K4 September 2019
Current rentAED 38K /yr1 March 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 302, MAG 505

What is 302 worth today?

Last sold for AED 364,230 in 2019

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1 Mar 2026RentedRenewal
AED 38,000/yr12 months · AED 98 per sqft
1 Mar 2025RentedNew contract
AED 38,000/yr12 months · AED 98 per sqft
28 Jan 2024RentedRenewal
AED 28,000/yr12 months · AED 72 per sqft
28 Jan 2023RentedNew contract
AED 24,000/yr12 months · AED 62 per sqft
18 Jan 2022RentedNew contract
AED 20,000/yr12 months · AED 52 per sqft
4 Sep 2019Sold by developerOff-plan
AED 364,230AED 941 per sqft

Source: Dubai Land Department. Updated 1 March 2026.

Key facts

Type
Studio apartment
Size
387 sqft
Floor
3rd of 6
Parking
G-94
Developer
MAG
Completed
2020
Service charge
AED 6,300 /yr
Last sold
AED 364K · September 2019
Building
MAG 505

About 302, MAG 505

302 is a studio of 387 sqft on the 3rd floor of MAG 505, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 4 September 2019 for AED 364,230, or AED 941 per sqft, in line with the AED 966 studios in the building were fetching at the time.

It has been rented continuously since 2022 on 5 Ejari contracts. The current contract, renewed on 1 March 2026, is AED 38,000 a year: a gross yield of 10.4% on the 2019 price, before the service charge of about AED 6,300 a year.

Sales and rents for 302 over time

Sales
Unit 302, each saleTypical studio in MAG 505
300K400K2018202020222024Typical sale price by year: 2018 AED 388,474; 2019 AED 378,280; 2020 AED 375,000; 2021 AED 252,350; 2023 AED 312,500; 2024 AED 347,500Sold by developer, September 2019: AED 364,230 (AED 941 per sqft)

302 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 302, each contractTypical studio in MAG 505
20K30K40K2020202220242026Typical rent by year: 2020 AED 18,000; 2021 AED 18,000; 2022 AED 20,000; 2023 AED 24,000; 2024 AED 32,000; 2025 AED 37,000; 2026 AED 38,000New contract, January 2022: AED 20,000 a yearNew contract, January 2023: AED 24,000 a yearRenewal, January 2024: AED 28,000 a yearNew contract, March 2025: AED 38,000 a yearRenewal, March 2026: AED 38,000 a year

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 302 sits

All 60 studios →

302 last sold in September 2019 at AED 941 per sqft, in line with what studios in MAG 505 were fetching at the time (AED 966). 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. 302's AED 38,000 is in the upper half of that range.

Recent studio salesUnit no.Price (AED)Summary
7 Aug 202619,936
5 Jun 2026420,000
3 Dec 2025550,000
15 Jan 2025495,000
3 studio 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
3011-bedAED 620K · Jan 2025
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

302, MAG 505 in numbers

  • Sold once: by MAG on 4 September 2019 for AED 364,230, or AED 941 per sqft.
  • Rented since January 2022 on 5 Ejari contracts, from AED 20,000 to AED 38,000 a year.
  • At AED 38,000 a year the gross yield on the 2019 price is 10.4%, before a service charge of about AED 6,300 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 1 March 2026.

Questions about 302, MAG 505

What did unit 302 last sell for?

AED 364,230 on 4 September 2019, sold by the developer: AED 941 per sqft for 387 sqft. It is the only registered sale of the unit.

What is the rent for unit 302?

AED 38,000 a year on the contract renewed on 1 March 2026. The previous contract, from March 2025, was AED 38,000; the unit has been rented since January 2022.

How big is unit 302?

387 sqft (36.0 sqm): a studio on the 3rd floor of a 6-storey tower completed in 2020.

What is unit 302 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 302, MAG 505

Starts from the last sale price (AED 364K, 4 September 2019). Switch to today's estimate once you have unlocked it.
Price
AED 364,230
Deposit, UAE resident (20%)
AED 72,846
Deposit, non-resident (40%)
AED 145,692
Monthly over 25 years at 3.7%
AED 1,490

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