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1-bed · 483 sqftMAG 505, Dubai South · 3rd floor · completed 2020

311, MAG 505

Sold prices and rental history: sold once, by the developer in March 2020, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 311 · DLD and Ejari recordsUpdated 2 December 2025
Last soldAED 448K3 March 2020
Current rentAED 46K /yr2 December 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 311, MAG 505

What is 311 worth today?

Last sold for AED 448,001 in 2020

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2 Dec 2025RentedRenewal
AED 46,000/yr12 months · AED 95 per sqft
2 Dec 2024RentedNew contract
AED 46,000/yr12 months · AED 95 per sqft
1 Dec 2023RentedNew contract
AED 44,000/yr12 months · AED 91 per sqft
3 Mar 2020Sold by developerOff-plan
AED 448,001AED 927 per sqft

Source: Dubai Land Department. Updated 2 December 2025.

Key facts

Type
1-bed apartment
Size
483 sqft
Floor
3rd of 6
Parking
G-32
Developer
MAG
Completed
2020
Service charge
AED 7,900 /yr
Last sold
AED 448K · March 2020
Building
MAG 505

About 311, MAG 505

311 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 3 March 2020 for AED 448,001, or AED 927 per sqft, 18% above the AED 785 one-beds in the building were fetching at the time.

It has been rented since 2023 on 3 Ejari contracts. The current contract, renewed on 2 December 2025, is AED 46,000 a year: a gross yield of 10.3% on the 2020 price, before the service charge of about AED 7,900 a year.

Sales and rents for 311 over time

Sales
Unit 311, 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, March 2020: AED 448,001 (AED 927 per sqft)

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

Rents
Unit 311, 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, December 2023: AED 44,000 a yearNew contract, December 2024: AED 46,000 a yearRenewal, December 2025: AED 46,000 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 311 sits

All 60 1-beds →

311 last sold in March 2020 at AED 927 per sqft, 18% above what one-beds in MAG 505 were fetching at the time (AED 785). 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. 311's AED 46,000 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
3041-bedAED 442K · May 2018
3052-bedAED 562K · Aug 2019
3061-bedAED 458K · Jun 2018
307StudioAED 380K · May 2019
1–7 of 21

311, MAG 505 in numbers

  • Sold once: by MAG on 3 March 2020 for AED 448,001, or AED 927 per sqft.
  • Rented since December 2023 on 3 Ejari contracts, from AED 44,000 to AED 46,000 a year.
  • At AED 46,000 a year the gross yield on the 2020 price is 10.3%, 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 2 December 2025.

Questions about 311, MAG 505

What did unit 311 last sell for?

AED 448,001 on 3 March 2020, sold by the developer: AED 927 per sqft for 483 sqft. It is the only registered sale of the unit.

What is the rent for unit 311?

AED 46,000 a year on the contract renewed on 2 December 2025. The previous contract, from December 2024, was AED 46,000; the unit has been rented since December 2023.

How big is unit 311?

483 sqft (44.9 sqm): a one-bedroom apartment on the 3rd floor of a 6-storey tower completed in 2020.

What is unit 311 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 311, MAG 505

Starts from the last sale price (AED 448K, 3 March 2020). Switch to today's estimate once you have unlocked it.
Price
AED 448,001
Deposit, UAE resident (20%)
AED 89,600
Deposit, non-resident (40%)
AED 179,200
Monthly over 25 years at 3.7%
AED 1,833

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