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2-bed · 668 sqftMAG 505, Dubai South · 4th floor · completed 2020

405, MAG 505

Sold prices and rental history: sold twice, last in April 2023, and rented once, from February 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 405 · DLD and Ejari recordsUpdated 12 April 2023
Last soldAED 460K12 April 2023
Current rentAED 30K /yr20 February 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 405, MAG 505

What is 405 worth today?

Last sold for AED 460,000 in 2023

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12 Apr 2023SoldReady
AED 460,000AED 688 per sqft
20 Feb 2022RentedNew contract
AED 30,081/yr12 months · AED 45 per sqft
7 Nov 2019Sold by developerOff-plan
AED 497,000AED 744 per sqft

Source: Dubai Land Department. Updated 12 April 2023.

Key facts

Type
2-bed apartment
Size
668 sqft
Floor
4th of 6
Parking
G-71
Developer
MAG
Completed
2020
Service charge
AED 11,000 /yr
Last sold
AED 460K · April 2023
Building
MAG 505

About 405, MAG 505

405 is a two-bedroom apartment of 668 sqft on the 4th floor of MAG 505, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 12 April 2023 for AED 460,000, or AED 688 per sqft.

One Ejari contract is registered, from 20 February 2022. The current contract, signed on 20 February 2022, is AED 30,081 a year: a gross yield of 6.5% on the 2023 price, before the service charge of about AED 11,000 a year.

Sales and rents for 405 over time

Sales
Unit 405, each saleTypical two-bed in MAG 505
450K500K550K201820202022Typical sale price by year: 2018 AED 552,500; 2019 AED 497,000Sold by developer, November 2019: AED 497,000 (AED 744 per sqft)Sold, April 2023: AED 460,000 (AED 688 per sqft)

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

Rents
Unit 405, each contractTypical two-bed in MAG 505
40K60K2021202320252027Typical rent by year: 2021 AED 28,000; 2022 AED 32,000; 2023 AED 37,750; 2024 AED 43,000; 2025 AED 59,500; 2026 AED 60,000New contract, February 2022: AED 30,081 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in MAG 505, and where 405 sits

All 12 2-beds →

Over the last 12 months two-beds sold for AED 710,000, around AED 1,065 per sqft, and rent for AED 55,000 to 64,000 a year. 405's AED 30,081 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
30 Mar 2026710,000
20 Oct 2025770,000
31 Jan 2025700,000
29 Aug 2024630,000
1 2-bed sale 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
403StudioAED 385K · Jul 2018
4041-bedAED 442K · Apr 2019
4061-bedAED 448K · Mar 2018
407StudioAED 380K · Sep 2019
408StudioAED 351K · Jul 2018
1–7 of 21

405, MAG 505 in numbers

  • Sold twice: first on 7 November 2019 for AED 497,000, last on 12 April 2023 for AED 460,000 (AED 688 per sqft).
  • Rented since February 2022 on one Ejari contract, at AED 30,081 a year.
  • At AED 30,081 a year the gross yield on the 2023 price is 6.5%, before a service charge of about AED 11,000 a year (AED 16.40 per sqft).
  • Two-beds in MAG 505 sold for AED 710,000–710,000 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 12 April 2023.

Questions about 405, MAG 505

What did unit 405 last sell for?

AED 460,000 on 12 April 2023: AED 688 per sqft for 668 sqft. The unit has 2 registered sales; the first was AED 497,000 in November 2019.

What is the rent for unit 405?

AED 30,081 a year on the contract signed on 20 February 2022.

How big is unit 405?

668 sqft (62.1 sqm): a two-bedroom apartment on the 4th floor of a 6-storey tower completed in 2020.

What is unit 405 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in MAG 505 sold for AED 710,000 to 710,000 in the last 12 months, around AED 1,065 per sqft.

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Mortgage on 405, MAG 505

Starts from the last sale price (AED 460K, 12 April 2023). Switch to today's estimate once you have unlocked it.
Price
AED 460,000
Deposit, UAE resident (20%)
AED 92,000
Deposit, non-resident (40%)
AED 184,000
Monthly over 25 years at 3.7%
AED 1,882

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