322, MAG 505
Sold prices and rental history: sold once, by the developer in May 2018, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 322, MAG 505
What is 322 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 25 June 2024.
Key facts
- Type
- Studio apartment
- Size
- 360 sqft
- Floor
- 3rd of 6
- Parking
- G-66
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 5,900 /yr
- Last sold
- AED 353K · May 2018
- Building
- MAG 505
About 322, MAG 505
322 is a studio of 360 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 28 May 2018 for AED 353,000, or AED 980 per sqft, in line with the AED 955 studios in the building were fetching at the time.
It has been rented since 2022 on 3 Ejari contracts. The current contract, signed on 25 June 2024, is AED 34,000 a year: a gross yield of 9.6% on the 2018 price, before the service charge of about AED 5,900 a year.
Sales and rents for 322 over time
322 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 322 sits
All 60 studios →322 last sold in May 2018 at AED 980 per sqft, in line with what studios in MAG 505 were fetching at the time (AED 955). 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. 322's AED 34,000 is in the lower half of that range.
| 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 | |
| 318 | Studio | 437 sqft | AED 390KAED 390,000 · Jul 2019July 2019 | ||
| 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, MAG 505 in numbers
- Sold once: by MAG on 28 May 2018 for AED 353,000, or AED 980 per sqft.
- Rented since June 2022 on 3 Ejari contracts, from AED 21,000 to AED 34,000 a year.
- At AED 34,000 a year the gross yield on the 2018 price is 9.6%, before a service charge of about AED 5,900 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 25 June 2024.
Questions about 322, MAG 505
What did unit 322 last sell for?
AED 353,000 on 28 May 2018, sold by the developer: AED 980 per sqft for 360 sqft. It is the only registered sale of the unit.
What is the rent for unit 322?
AED 34,000 a year on the contract signed on 25 June 2024. The previous contract, from July 2023, was AED 26,000; the unit has been rented since June 2022.
How big is unit 322?
360 sqft (33.4 sqm): a studio on the 3rd floor of a 6-storey tower completed in 2020.
What is unit 322 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 322? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 322, MAG 505
Starts from the last sale price (AED 353K, 28 May 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 353,000
- Deposit, UAE resident (20%)
- AED 70,600
- Deposit, non-resident (40%)
- AED 141,200
- Monthly over 25 years at 3.7%
- AED 1,444
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →