306, MAG 505
Sold prices and rental history: sold once, by the developer in June 2018, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 306, MAG 505
What is 306 worth today?
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Source: Dubai Land Department. Updated 1 December 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 483 sqft
- Floor
- 3rd of 6
- Parking
- G-50
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 7,900 /yr
- Last sold
- AED 458K · June 2018
- Building
- MAG 505
About 306, MAG 505
306 is a one-bedroom apartment of 483 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 25 June 2018 for AED 458,000, or AED 948 per sqft, 5% above the AED 900 one-beds in the building were fetching at the time.
It has been rented since 2021 on 3 Ejari contracts. The current contract, renewed on 1 December 2024, is AED 40,000 a year: a gross yield of 8.7% on the 2018 price, before the service charge of about AED 7,900 a year.
Sales and rents for 306 over time
306 has sold once; the dashed line is the one-bed median of each year in the building.
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 306 sits
All 60 1-beds →306 last sold in June 2018 at AED 948 per sqft, 5% above what one-beds in MAG 505 were fetching at the time (AED 900). 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. 306's AED 40,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 16 Jul 202616 July 2026 | 623 sqft | 690,000 | 1,107 | ||
| 20 Jan 202620 January 2026 | 478 sqft | 600,000 | 1,254 | ||
| 22 Oct 202522 October 2025 | 514 sqft | 570,000 | 1,109 | ||
| 30 Sep 202530 September 2025 | 638 sqft | 714,000 | 1,119 |
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 | |
| 303 | Studio | 365 sqft | AED 290KAED 290,000 · Apr 2018April 2018 | 40,400 /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 | |
| 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 |
306, MAG 505 in numbers
- Sold once: by MAG on 25 June 2018 for AED 458,000, or AED 948 per sqft.
- Rented since December 2021 on 3 Ejari contracts, from AED 24,000 to AED 40,000 a year.
- At AED 40,000 a year the gross yield on the 2018 price is 8.7%, before a service charge of about AED 7,900 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 1 December 2024.
Questions about 306, MAG 505
What did unit 306 last sell for?
AED 458,000 on 25 June 2018, sold by the developer: AED 948 per sqft for 483 sqft. It is the only registered sale of the unit.
What is the rent for unit 306?
AED 40,000 a year on the contract renewed on 1 December 2024. The previous contract, from December 2022, was AED 26,000; the unit has been rented since December 2021.
How big is unit 306?
483 sqft (44.9 sqm): a one-bedroom apartment on the 3rd floor of a 6-storey tower completed in 2020.
What is unit 306 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 306, MAG 505
Starts from the last sale price (AED 458K, 25 June 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 →