1-bed · 514 sqftMAG 505, Dubai South · 3rd floor · completed 2020

320, MAG 505

Sold prices and rental history: sold twice, last in November 2024, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 320 · DLD and Ejari recordsUpdated 3 November 2025
Last soldAED 495K18 November 2024
Current rentAED 40K /yr3 November 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 320, MAG 505

What is 320 worth today?

Last sold for AED 495,000 in 2024

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3 Nov 2025RentedNew contract
AED 40,000/yr12 months · AED 78 per sqft
18 Nov 2024SoldReady
AED 495,000AED 963 per sqft
3 Nov 2024RentedNew contract
AED 39,000/yr12 months · AED 76 per sqft
3 Nov 2023RentedNew contract
AED 37,000/yr12 months · AED 72 per sqft
1 Oct 2022RentedNew contract
AED 26,000/yr12 months · AED 51 per sqft
4 Aug 2021RentedNew contract
AED 24,000/yr12 months · AED 47 per sqft
1 Aug 2020RentedNew contract
AED 23,000/yr12 months · AED 45 per sqft
12 Apr 2018Sold by developerOff-plan
AED 458,000AED 891 per sqft

Source: Dubai Land Department. Updated 3 November 2025.

Key facts

Type
1-bed apartment
Size
514 sqft
Floor
3rd of 6
Parking
G-64
Developer
MAG
Completed
2020
Service charge
AED 8,400 /yr
Last sold
AED 495K · November 2024
Building
MAG 505

About 320, MAG 505

320 is a one-bedroom apartment of 514 sqft on the 3rd floor of MAG 505, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 18 November 2024 for AED 495,000, or AED 963 per sqft, 21% above the AED 795 one-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 6 Ejari contracts. The current contract, signed on 3 November 2025, is AED 40,000 a year: a gross yield of 8.1% on the 2024 price, before the service charge of about AED 8,400 a year.

Sales and rents for 320 over time

Sales
Unit 320, 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, April 2018: AED 458,000 (AED 891 per sqft)Sold, November 2024: AED 495,000 (AED 963 per sqft)

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

Rents
Unit 320, each contractTypical one-bed in MAG 505
20K30K40K2020202220242026Typical 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, August 2020: AED 23,000 a yearNew contract, August 2021: AED 24,000 a yearNew contract, October 2022: AED 26,000 a yearNew contract, November 2023: AED 37,000 a yearNew contract, November 2024: AED 39,000 a yearNew contract, November 2025: AED 40,000 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 320 sits

All 60 1-beds →

320 last sold in November 2024 at AED 963 per sqft, 21% above what one-beds in MAG 505 were fetching at the time (AED 795). 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. 320's AED 40,000 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

320, MAG 505 in numbers

  • Sold twice: first on 12 April 2018 for AED 458,000, last on 18 November 2024 for AED 495,000 (AED 963 per sqft).
  • Rented since August 2020 on 6 Ejari contracts, from AED 23,000 to AED 40,000 a year.
  • At AED 40,000 a year the gross yield on the 2024 price is 8.1%, before a service charge of about AED 8,400 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 3 November 2025.

Questions about 320, MAG 505

What did unit 320 last sell for?

AED 495,000 on 18 November 2024: AED 963 per sqft for 514 sqft. The unit has 2 registered sales; the first was AED 458,000 in April 2018.

What is the rent for unit 320?

AED 40,000 a year on the contract signed on 3 November 2025. The previous contract, from November 2024, was AED 39,000; the unit has been rented since August 2020.

How big is unit 320?

514 sqft (47.8 sqm): a one-bedroom apartment on the 3rd floor of a 6-storey tower completed in 2020.

What is unit 320 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 320, MAG 505

Starts from the last sale price (AED 495K, 18 November 2024). Switch to today's estimate once you have unlocked it.
Price
AED 495,000
Deposit, UAE resident (20%)
AED 99,000
Deposit, non-resident (40%)
AED 198,000
Monthly over 25 years at 3.7%
AED 2,025

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