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1-bed · 656 sqftMAG 505, Dubai South · 3rd floor · completed 2020

312, MAG 505

Sold prices and rental history: sold once, by the developer in July 2018, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 312 · DLD and Ejari recordsUpdated 5 October 2026
Last soldAED 534K22 July 2018
Current rentAED 48K /yr5 October 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 312, MAG 505

What is 312 worth today?

Last sold for AED 534,482 in 2018

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5 Oct 2026RentedRenewal
AED 48,000/yr12 months · AED 73 per sqft
5 Oct 2025RentedNew contract
AED 48,000/yr12 months · AED 73 per sqft
25 Sep 2023RentedNew contract
AED 40,000/yr12 months · AED 61 per sqft
1 Dec 2022RentedRenewal
AED 28,000/yr12 months · AED 43 per sqft
1 Dec 2021RentedRenewal
AED 27,000/yr12 months · AED 41 per sqft
1 Dec 2020RentedNew contract
AED 26,000/yr12 months · AED 40 per sqft
22 Jul 2018Sold by developerOff-plan
AED 534,482AED 814 per sqft

Source: Dubai Land Department. Updated 5 October 2026.

Key facts

Type
1-bed apartment
Size
656 sqft
Floor
3rd of 6
Parking
G-56
Developer
MAG
Completed
2020
Service charge
AED 10,800 /yr
Last sold
AED 534K · July 2018
Building
MAG 505

About 312, MAG 505

312 is a one-bedroom apartment of 656 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 22 July 2018 for AED 534,482, or AED 814 per sqft, 9% below the AED 891 one-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 6 Ejari contracts. The current contract, renewed on 5 October 2026, is AED 48,000 a year: a gross yield of 9.0% on the 2018 price, before the service charge of about AED 10,800 a year.

Sales and rents for 312 over time

Sales
Unit 312, 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, July 2018: AED 534,482 (AED 814 per sqft)

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

Rents
Unit 312, 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 2020: AED 26,000 a yearRenewal, December 2021: AED 27,000 a yearRenewal, December 2022: AED 28,000 a yearNew contract, September 2023: AED 40,000 a yearNew contract, October 2025: AED 48,000 a yearRenewal, October 2026: AED 48,000 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 312 sits

All 60 1-beds →

312 last sold in July 2018 at AED 814 per sqft, 9% below what one-beds in MAG 505 were fetching at the time (AED 891). 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. 312's AED 48,000 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

312, MAG 505 in numbers

  • Sold once: by MAG on 22 July 2018 for AED 534,482, or AED 814 per sqft.
  • Rented since December 2020 on 6 Ejari contracts, from AED 26,000 to AED 48,000 a year.
  • At AED 48,000 a year the gross yield on the 2018 price is 9.0%, before a service charge of about AED 10,800 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 5 October 2026.

Questions about 312, MAG 505

What did unit 312 last sell for?

AED 534,482 on 22 July 2018, sold by the developer: AED 814 per sqft for 656 sqft. It is the only registered sale of the unit.

What is the rent for unit 312?

AED 48,000 a year on the contract renewed on 5 October 2026. The previous contract, from October 2025, was AED 48,000; the unit has been rented since December 2020.

How big is unit 312?

656 sqft (60.9 sqm): a one-bedroom apartment on the 3rd floor of a 6-storey tower completed in 2020.

What is unit 312 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 312, MAG 505

Starts from the last sale price (AED 534K, 22 July 2018). Switch to today's estimate once you have unlocked it.
Price
AED 534,482
Deposit, UAE resident (20%)
AED 106,896
Deposit, non-resident (40%)
AED 213,793
Monthly over 25 years at 3.7%
AED 2,187

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