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Studio · 365 sqftMAG 505, Dubai South · 4th floor · completed 2020

403, MAG 505

Sold prices and rental history: sold once, by the developer in July 2018, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 403 · DLD and Ejari recordsUpdated 25 March 2025
Last soldAED 385K24 July 2018
Current rentAED 35K /yr25 March 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 403, MAG 505

What is 403 worth today?

Last sold for AED 385,000 in 2018

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25 Mar 2025RentedRenewal
AED 35,000/yr12 months · AED 96 per sqft
25 Mar 2025RentedRenewal
AED 35,000/yr12 months · AED 96 per sqft
25 Mar 2025RentedRenewal
AED 35,000/yr12 months · AED 99 per sqft
25 Mar 2024RentedNew contract
AED 34,000/yr12 months · AED 93 per sqft
3 Nov 2022RentedNew contract
AED 22,000/yr12 months · AED 60 per sqft
24 Jul 2018Sold by developerOff-plan
AED 385,000AED 1,054 per sqft

Source: Dubai Land Department. Updated 25 March 2025.

Key facts

Type
Studio apartment
Size
365 sqft
Floor
4th of 6
Parking
G-69
Developer
MAG
Completed
2020
Service charge
AED 6,000 /yr
Last sold
AED 385K · July 2018
Building
MAG 505

About 403, MAG 505

403 is a studio of 365 sqft on the 4th floor of MAG 505, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 24 July 2018 for AED 385,000, or AED 1,054 per sqft, 11% above the AED 953 studios in the building were fetching at the time.

It has been rented continuously since 2022 on 5 Ejari contracts. The current contract, renewed on 25 March 2025, is AED 35,000 a year: a gross yield of 9.1% on the 2018 price, before the service charge of about AED 6,000 a year.

Sales and rents for 403 over time

Sales
Unit 403, 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, July 2018: AED 385,000 (AED 1,054 per sqft)

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

Rents
Unit 403, each contractTypical studio in MAG 505
20K30K40K2020202220242026Typical 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, November 2022: AED 22,000 a yearNew contract, March 2024: AED 34,000 a yearRenewal, March 2025: AED 35,000 a yearRenewal, March 2025: AED 35,000 a yearRenewal, March 2025: AED 35,000 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 403 sits

All 60 studios →

403 last sold in July 2018 at AED 1,054 per sqft, 11% above what studios in MAG 505 were fetching at the time (AED 953). 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. 403's AED 35,000 is in the lower 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 4th floor

All 132 units in MAG 505
Value
4011-bedAED 523K · Apr 2018
402StudioAED 361K · Apr 2018
4041-bedAED 442K · Apr 2019
4052-bedAED 460K · Apr 2023
4061-bedAED 448K · Mar 2018
407StudioAED 380K · Sep 2019
408StudioAED 351K · Jul 2018
1–7 of 21

403, MAG 505 in numbers

  • Sold once: by MAG on 24 July 2018 for AED 385,000, or AED 1,054 per sqft.
  • Rented since November 2022 on 5 Ejari contracts, from AED 22,000 to AED 35,000 a year.
  • At AED 35,000 a year the gross yield on the 2018 price is 9.1%, before a service charge of about AED 6,000 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 March 2025.

Questions about 403, MAG 505

What did unit 403 last sell for?

AED 385,000 on 24 July 2018, sold by the developer: AED 1,054 per sqft for 365 sqft. It is the only registered sale of the unit.

What is the rent for unit 403?

AED 35,000 a year on the contract renewed on 25 March 2025. The previous contract, from March 2025, was AED 35,000; the unit has been rented since November 2022.

How big is unit 403?

365 sqft (33.9 sqm): a studio on the 4th floor of a 6-storey tower completed in 2020.

What is unit 403 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 403, MAG 505

Starts from the last sale price (AED 385K, 24 July 2018). Switch to today's estimate once you have unlocked it.
Price
AED 385,000
Deposit, UAE resident (20%)
AED 77,000
Deposit, non-resident (40%)
AED 154,000
Monthly over 25 years at 3.7%
AED 1,575

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