Home
Dubai prices
About
Research
1-bed · 638 sqftMAG 505, Dubai South · 4th floor · completed 2020

414, MAG 505

Sold prices and rental history: sold once, by the developer in October 2022, and rented once, from July 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 414 · DLD and Ejari recordsUpdated 3 October 2022
Last soldAED 455K3 October 2022
Current rentAED 25K /yr1 July 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 414

Property timeline for 414, MAG 505

What is 414 worth today?

Last sold for AED 455,485 in 2022

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

3 Oct 2022Sold by developerReady
AED 455,485AED 714 per sqft
1 Jul 2021RentedNew contract
AED 25,000/yr12 months · AED 39 per sqft

Source: Dubai Land Department. Updated 3 October 2022.

Key facts

Type
1-bed apartment
Size
638 sqft
Floor
4th of 6
Parking
G-80
Developer
MAG
Completed
2020
Service charge
AED 10,500 /yr
Last sold
AED 455K · October 2022
Building
MAG 505

About 414, MAG 505

414 is a one-bedroom apartment of 638 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 3 October 2022 for AED 455,485, or AED 714 per sqft, in line with the AED 711 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 July 2021. The current contract, signed on 1 July 2021, is AED 25,000 a year: a gross yield of 5.5% on the 2022 price, before the service charge of about AED 10,500 a year.

Sales and rents for 414 over time

Sales
Unit 414, 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, October 2022: AED 455,485 (AED 714 per sqft)

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

Rents
Unit 414, 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, July 2021: AED 25,000 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 414 sits

All 60 1-beds →

414 last sold in October 2022 at AED 714 per sqft, in line with what one-beds in MAG 505 were fetching at the time (AED 711). 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. 414's AED 25,000 is at the bottom 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 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
407StudioAED 380K · Sep 2019
1–7 of 21

414, MAG 505 in numbers

  • Sold once: by MAG on 3 October 2022 for AED 455,485, or AED 714 per sqft.
  • Rented since July 2021 on one Ejari contract, at AED 25,000 a year.
  • At AED 25,000 a year the gross yield on the 2022 price is 5.5%, before a service charge of about AED 10,500 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 October 2022.

Questions about 414, MAG 505

What did unit 414 last sell for?

AED 455,485 on 3 October 2022, sold by the developer: AED 714 per sqft for 638 sqft. It is the only registered sale of the unit.

What is the rent for unit 414?

AED 25,000 a year on the contract signed on 1 July 2021.

How big is unit 414?

638 sqft (59.3 sqm): a one-bedroom apartment on the 4th floor of a 6-storey tower completed in 2020.

What is unit 414 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.

Selling 414? 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.

How OpenOffers works

Mortgage on 414, MAG 505

Starts from the last sale price (AED 455K, 3 October 2022). Switch to today's estimate once you have unlocked it.
Price
AED 455,485
Deposit, UAE resident (20%)
AED 91,097
Deposit, non-resident (40%)
AED 182,194
Monthly over 25 years at 3.7%
AED 1,864

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