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Studio · 387 sqftMAG 505, Dubai South · 4th floor · completed 2020

407, MAG 505

Sold prices and rental history: sold once, by the developer in September 2019, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 407 · DLD and Ejari recordsUpdated 23 February 2026
Last soldAED 380K29 September 2019
Current rentAED 50K /yr23 February 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 407, MAG 505

What is 407 worth today?

Last sold for AED 380,000 in 2019

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23 Feb 2026RentedNew contract
AED 50,000/yr12 months · AED 129 per sqft
16 Feb 2024RentedNew contract
AED 36,000/yr12 months · AED 93 per sqft
12 Dec 2022RentedRenewal
AED 22,000/yr12 months · AED 57 per sqft
12 Dec 2021RentedNew contract
AED 21,000/yr12 months · AED 54 per sqft
29 Sep 2019Sold by developerOff-plan
AED 380,000AED 982 per sqft

Source: Dubai Land Department. Updated 23 February 2026.

Key facts

Type
Studio apartment
Size
387 sqft
Floor
4th of 6
Parking
G-73
Developer
MAG
Completed
2020
Service charge
AED 6,300 /yr
Last sold
AED 380K · September 2019
Building
MAG 505

About 407, MAG 505

407 is a studio of 387 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 29 September 2019 for AED 380,000, or AED 982 per sqft, in line with the AED 982 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, signed on 23 February 2026, is AED 50,000 a year: a gross yield of 13.2% on the 2019 price, before the service charge of about AED 6,300 a year.

Sales and rents for 407 over time

Sales
Unit 407, 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, September 2019: AED 380,000 (AED 982 per sqft)

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

Rents
Unit 407, each contractTypical studio in MAG 505
20K40K2020202220242026Typical 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, December 2021: AED 21,000 a yearRenewal, December 2022: AED 22,000 a yearNew contract, February 2024: AED 36,000 a yearNew contract, February 2026: AED 50,000 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 407 sits

All 60 studios →

407 last sold in September 2019 at AED 982 per sqft, in line with 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. 407's AED 50,000 is at the top 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
403StudioAED 385K · Jul 2018
4041-bedAED 442K · Apr 2019
4052-bedAED 460K · Apr 2023
4061-bedAED 448K · Mar 2018
408StudioAED 351K · Jul 2018
1–7 of 21

407, MAG 505 in numbers

  • Sold once: by MAG on 29 September 2019 for AED 380,000, or AED 982 per sqft.
  • Rented since December 2021 on 4 Ejari contracts, from AED 21,000 to AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2019 price is 13.2%, before a service charge of about AED 6,300 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 23 February 2026.

Questions about 407, MAG 505

What did unit 407 last sell for?

AED 380,000 on 29 September 2019, sold by the developer: AED 982 per sqft for 387 sqft. It is the only registered sale of the unit.

What is the rent for unit 407?

AED 50,000 a year on the contract signed on 23 February 2026. The previous contract, from February 2024, was AED 36,000; the unit has been rented since December 2021.

How big is unit 407?

387 sqft (36.0 sqm): a studio on the 4th floor of a 6-storey tower completed in 2020.

What is unit 407 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 407, MAG 505

Starts from the last sale price (AED 380K, 29 September 2019). Switch to today's estimate once you have unlocked it.
Price
AED 380,000
Deposit, UAE resident (20%)
AED 76,000
Deposit, non-resident (40%)
AED 152,000
Monthly over 25 years at 3.7%
AED 1,555

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