303, MAG 505
Sold prices and rental history: sold once, by the developer in April 2018, and rented continuously since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 303, MAG 505
What is 303 worth today?
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Source: Dubai Land Department. Updated 20 April 2026.
Key facts
- Type
- Studio apartment
- Size
- 365 sqft
- Floor
- 3rd of 6
- Parking
- G-77
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 6,000 /yr
- Last sold
- AED 290K · April 2018
- Building
- MAG 505
About 303, MAG 505
303 is a studio of 365 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 8 April 2018 for AED 290,000, or AED 794 per sqft, 17% below the AED 952 studios in the building were fetching at the time.
It has been rented continuously since 2023 on 4 Ejari contracts. The current contract, renewed on 20 April 2026, is AED 40,400 a year: a gross yield of 13.9% on the 2018 price, before the service charge of about AED 6,000 a year.
Sales and rents for 303 over time
303 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 303 sits
All 60 studios →303 last sold in April 2018 at AED 794 per sqft, 17% below 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. 303's AED 40,400 is in the upper half 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 3rd floor
All 132 units in MAG 505| ValueToday's value | |||||
|---|---|---|---|---|---|
| 301 | 1-bed | 628 sqft | AED 620KAED 620,000 · Jan 2025January 2025 | 30,000 /yr | |
| 302 | Studio | 387 sqft | AED 364KAED 364,230 · Sep 2019September 2019 | 38,000 /yr | |
| 304 | 1-bed | 478 sqft | AED 442KAED 442,000 · May 2018May 2018 | 30,000 /yr | |
| 305 | 2-bed | 668 sqft | AED 562KAED 562,366 · Aug 2019August 2019 | 52,000 /yr | |
| 306 | 1-bed | 483 sqft | AED 458KAED 458,000 · Jun 2018June 2018 | 40,000 /yr | |
| 307 | Studio | 387 sqft | AED 380KAED 380,000 · May 2019May 2019 | ||
| 308 | Studio | 347 sqft | AED 350KAED 350,000 · Sep 2019September 2019 | 40,000 /yr | |
| 309 | 1-bed | 478 sqft | AED 442KAED 442,000 · Mar 2018March 2018 | 44,000 /yr | |
| 310 | 2-bed | 666 sqft | AED 562KAED 562,000 · Nov 2019November 2019 | 58,000 /yr | |
| 311 | 1-bed | 483 sqft | AED 448KAED 448,001 · Mar 2020March 2020 | 46,000 /yr | |
| 312 | 1-bed | 656 sqft | AED 534KAED 534,482 · Jul 2018July 2018 | 48,000 /yr | |
| 313 | 1-bed | 622 sqft | AED 485KAED 485,000 · Dec 2023December 2023 | 39,600 /yr | |
| 314 | 1-bed | 638 sqft | AED 714KAED 714,000 · Sep 2025September 2025 | 56,000 /yr | |
| 315 | Studio | 410 sqft | AED 380KAED 380,000 · Jul 2018July 2018 | 38,000 /yr | |
| 316 | Studio | 410 sqft | AED 380KAED 380,000 · Apr 2018April 2018 | 44,000 /yr | |
| 317 | Studio | 437 sqft | AED 20KAED 19,936 · Aug 2026August 2026 | 25,000 /yr | |
| 318 | Studio | 437 sqft | AED 390KAED 390,000 · Jul 2019July 2019 | ||
| 319 | 1-bed | 514 sqft | AED 470KAED 470,000 · May 2018May 2018 | 45,000 /yr | |
| 320 | 1-bed | 514 sqft | AED 495KAED 495,000 · Nov 2024November 2024 | 40,000 /yr | |
| 321 | Studio | 360 sqft | AED 374KAED 374,360 · Feb 2020February 2020 | 28,000 /yr | |
| 322 | Studio | 360 sqft | AED 353KAED 353,000 · May 2018May 2018 | 34,000 /yr |
303, MAG 505 in numbers
- Sold once: by MAG on 8 April 2018 for AED 290,000, or AED 794 per sqft.
- Rented since March 2023 on 4 Ejari contracts, from AED 27,000 to AED 40,400 a year.
- At AED 40,400 a year the gross yield on the 2018 price is 13.9%, before a service charge of about AED 6,000 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 20 April 2026.
Questions about 303, MAG 505
What did unit 303 last sell for?
AED 290,000 on 8 April 2018, sold by the developer: AED 794 per sqft for 365 sqft. It is the only registered sale of the unit.
What is the rent for unit 303?
AED 40,400 a year on the contract renewed on 20 April 2026. The previous contract, from April 2025, was AED 38,500; the unit has been rented since March 2023.
How big is unit 303?
365 sqft (33.9 sqm): a studio on the 3rd floor of a 6-storey tower completed in 2020.
What is unit 303 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 303, MAG 505
Starts from the last sale price (AED 290K, 8 April 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 290,000
- Deposit, UAE resident (20%)
- AED 58,000
- Deposit, non-resident (40%)
- AED 116,000
- Monthly over 25 years at 3.7%
- AED 1,186
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →