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Studio · 410 sqftMAG 505, Dubai South · 3rd floor · completed 2020

316, MAG 505

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

Unit 316 · DLD and Ejari recordsUpdated 1 February 2026
Last soldAED 380K8 April 2018
Current rentAED 44K /yr1 February 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 316, MAG 505

What is 316 worth today?

Last sold for AED 380,000 in 2018

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1 Feb 2026RentedNew contract
AED 44,000/yr12 months · AED 108 per sqft
5 Oct 2024RentedRenewal
AED 30,800/yr12 months · AED 75 per sqft
5 Oct 2023RentedNew contract
AED 28,000/yr12 months · AED 68 per sqft
5 Oct 2022RentedNew contract
AED 24,500/yr12 months · AED 60 per sqft
17 Jun 2020RentedNew contract
AED 20,000/yr12 months · AED 49 per sqft
8 Apr 2018Sold by developerOff-plan
AED 380,000AED 926 per sqft

Source: Dubai Land Department. Updated 1 February 2026.

Key facts

Type
Studio apartment
Size
410 sqft
Floor
3rd of 6
Parking
G-60
Developer
MAG
Completed
2020
Service charge
AED 6,700 /yr
Last sold
AED 380K · April 2018
Building
MAG 505

About 316, MAG 505

316 is a studio of 410 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 380,000, or AED 926 per sqft, in line with the AED 952 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, signed on 1 February 2026, is AED 44,000 a year: a gross yield of 11.6% on the 2018 price, before the service charge of about AED 6,700 a year.

Sales and rents for 316 over time

Sales
Unit 316, each saleTypical studio in MAG 505
300K400K2018202020222024Typical sale price by year: 2018 AED 388,474; 2019 AED 378,280; 2020 AED 375,000; 2021 AED 252,350; 2023 AED 312,500; 2024 AED 347,500Sold by developer, April 2018: AED 380,000 (AED 926 per sqft)

316 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 316, each contractTypical studio in MAG 505
20K40K2020202220242026Typical rent by year: 2020 AED 18,000; 2021 AED 18,000; 2022 AED 20,000; 2023 AED 24,000; 2024 AED 32,000; 2025 AED 37,000; 2026 AED 38,000New contract, June 2020: AED 20,000 a yearNew contract, October 2022: AED 24,500 a yearNew contract, October 2023: AED 28,000 a yearRenewal, October 2024: AED 30,800 a yearNew contract, February 2026: AED 44,000 a year

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 316 sits

All 60 studios →

316 last sold in April 2018 at AED 926 per sqft, in line with 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. 316's AED 44,000 is in the upper half of that range.

Recent studio salesUnit no.Price (AED)Summary
7 Aug 202619,936
5 Jun 2026420,000
3 Dec 2025550,000
15 Jan 2025495,000
3 studio 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

316, MAG 505 in numbers

  • Sold once: by MAG on 8 April 2018 for AED 380,000, or AED 926 per sqft.
  • Rented since June 2020 on 5 Ejari contracts, from AED 20,000 to AED 44,000 a year.
  • At AED 44,000 a year the gross yield on the 2018 price is 11.6%, before a service charge of about AED 6,700 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 1 February 2026.

Questions about 316, MAG 505

What did unit 316 last sell for?

AED 380,000 on 8 April 2018, sold by the developer: AED 926 per sqft for 410 sqft. It is the only registered sale of the unit.

What is the rent for unit 316?

AED 44,000 a year on the contract signed on 1 February 2026. The previous contract, from October 2024, was AED 30,800; the unit has been rented since June 2020.

How big is unit 316?

410 sqft (38.1 sqm): a studio on the 3rd floor of a 6-storey tower completed in 2020.

What is unit 316 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 316, MAG 505

Starts from the last sale price (AED 380K, 8 April 2018). Switch to today's estimate once you have unlocked it.
Price
AED 380,000
Deposit, UAE resident (20%)
AED 76,000
Deposit, non-resident (40%)
AED 152,000
Monthly over 25 years at 3.7%
AED 1,555

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