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1-bed · 478 sqftMAG 505, Dubai South · 3rd floor · completed 2020

304, 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 304 · DLD and Ejari recordsUpdated 15 October 2026
Last soldAED 442K7 May 2018
Current rentAED 30K /yr15 October 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 304, MAG 505

What is 304 worth today?

Last sold for AED 442,000 in 2018

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15 Oct 2026RentedRenewal
AED 30,000/yr12 months · AED 63 per sqft
15 Oct 2025RentedRenewal
AED 28,000/yr12 months · AED 59 per sqft
15 Oct 2024RentedRenewal
AED 24,000/yr12 months · AED 51 per sqft
15 Oct 2023RentedRenewal
AED 24,000/yr12 months · AED 51 per sqft
15 Oct 2022RentedRenewal
AED 24,000/yr12 months · AED 51 per sqft
15 Oct 2021RentedRenewal
AED 22,000/yr12 months · AED 46 per sqft
15 Oct 2020RentedNew contract
AED 22,000/yr12 months · AED 46 per sqft
7 May 2018Sold by developerOff-plan
AED 442,000AED 924 per sqft

Source: Dubai Land Department. Updated 15 October 2026.

Key facts

Type
1-bed apartment
Size
478 sqft
Floor
3rd of 6
Parking
G-48
Developer
MAG
Completed
2020
Service charge
AED 7,800 /yr
Last sold
AED 442K · May 2018
Building
MAG 505

About 304, MAG 505

304 is a one-bedroom apartment of 478 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 7 May 2018 for AED 442,000, or AED 924 per sqft, in line with the AED 924 one-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 7 Ejari contracts. The current contract, renewed on 15 October 2026, is AED 30,000 a year: a gross yield of 6.8% on the 2018 price, before the service charge of about AED 7,800 a year.

Sales and rents for 304 over time

Sales
Unit 304, 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 442,000 (AED 924 per sqft)

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

Rents
Unit 304, 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, October 2020: AED 22,000 a yearRenewal, October 2021: AED 22,000 a yearRenewal, October 2022: AED 24,000 a yearRenewal, October 2023: AED 24,000 a yearRenewal, October 2024: AED 24,000 a yearRenewal, October 2025: AED 28,000 a yearRenewal, October 2026: 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 304 sits

All 60 1-beds →

304 last sold in May 2018 at AED 924 per sqft, in line with what one-beds in MAG 505 were fetching at the time (AED 924). 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. 304'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
3011-bedAED 620K · Jan 2025
302StudioAED 364K · Sep 2019
303StudioAED 290K · Apr 2018
3052-bedAED 562K · Aug 2019
3061-bedAED 458K · Jun 2018
307StudioAED 380K · May 2019
308StudioAED 350K · Sep 2019
1–7 of 21

304, MAG 505 in numbers

  • Sold once: by MAG on 7 May 2018 for AED 442,000, or AED 924 per sqft.
  • Rented since October 2020 on 7 Ejari contracts, from AED 22,000 to AED 30,000 a year.
  • At AED 30,000 a year the gross yield on the 2018 price is 6.8%, before a service charge of about AED 7,800 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 15 October 2026.

Questions about 304, MAG 505

What did unit 304 last sell for?

AED 442,000 on 7 May 2018, sold by the developer: AED 924 per sqft for 478 sqft. It is the only registered sale of the unit.

What is the rent for unit 304?

AED 30,000 a year on the contract renewed on 15 October 2026. The previous contract, from October 2025, was AED 28,000; the unit has been rented since October 2020.

How big is unit 304?

478 sqft (44.4 sqm): a one-bedroom apartment on the 3rd floor of a 6-storey tower completed in 2020.

What is unit 304 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 304, MAG 505

Starts from the last sale price (AED 442K, 7 May 2018). Switch to today's estimate once you have unlocked it.
Price
AED 442,000
Deposit, UAE resident (20%)
AED 88,400
Deposit, non-resident (40%)
AED 176,800
Monthly over 25 years at 3.7%
AED 1,808

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