318, MAG 505
Sold prices and rental history: sold once, by the developer in July 2019, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 318, MAG 505
What is 318 worth today?
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Source: Dubai Land Department. Updated 21 July 2019.
Key facts
- Type
- Studio apartment
- Size
- 437 sqft
- Floor
- 3rd of 6
- Parking
- G-62
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 7,200 /yr
- Last sold
- AED 390K · July 2019
- Building
- MAG 505
About 318, MAG 505
318 is a studio of 437 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 21 July 2019 for AED 390,000, or AED 892 per sqft, 9% below the AED 982 studios in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 318 over time
318 has sold once; the dashed line is the studio median of each year in the building.
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 318 sits
All 60 studios →318 last sold in July 2019 at AED 892 per sqft, 9% below what studios in MAG 505 were fetching at the time (AED 982). 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.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 7 Aug 20267 August 2026 | 437 sqft | 19,936 | 45 | ||
| 5 Jun 20265 June 2026 | 410 sqft | 420,000 | 1,023 | ||
| 3 Dec 20253 December 2025 | 410 sqft | 550,000 | 1,340 | ||
| 15 Jan 202515 January 2025 | 437 sqft | 495,000 | 1,132 |
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 | |
| 306 | 1-bed | 483 sqft | AED 458KAED 458,000 · Jun 2018June 2018 | 40,000 /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 | |
| 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 |
318, MAG 505 in numbers
- Sold once: by MAG on 21 July 2019 for AED 390,000, or AED 892 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 21 July 2019.
Questions about 318, MAG 505
What did unit 318 last sell for?
AED 390,000 on 21 July 2019, sold by the developer: AED 892 per sqft for 437 sqft. It is the only registered sale of the unit.
How big is unit 318?
437 sqft (40.6 sqm): a studio on the 3rd floor of a 6-storey tower completed in 2020.
What is unit 318 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.
Selling 318? Put it on the OpenOffers board
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Mortgage on 318, MAG 505
Starts from the last sale price (AED 390K, 21 July 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 390,000
- Deposit, UAE resident (20%)
- AED 78,000
- Deposit, non-resident (40%)
- AED 156,000
- Monthly over 25 years at 3.7%
- AED 1,596
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →