416, MAG 505
Sold prices and rental history: sold once, by the developer in September 2018, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 416, MAG 505
What is 416 worth today?
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Source: Dubai Land Department. Updated 1 April 2024.
Key facts
- Type
- Studio apartment
- Size
- 410 sqft
- Floor
- 4th of 6
- Parking
- G-82
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 6,700 /yr
- Last sold
- AED 396K · September 2018
- Building
- MAG 505
About 416, MAG 505
416 is a studio of 410 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 6 September 2018 for AED 396,000, or AED 965 per sqft, in line with the AED 953 studios in the building were fetching at the time.
It has been rented since 2021 on 2 Ejari contracts. The current contract, signed on 1 April 2024, is AED 34,000 a year: a gross yield of 8.6% on the 2018 price, before the service charge of about AED 6,700 a year.
Sales and rents for 416 over time
416 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 416 sits
All 60 studios →416 last sold in September 2018 at AED 965 per sqft, in line with 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. 416'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 4th floor
All 132 units in MAG 505| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 628 sqft | AED 523KAED 523,007 · Apr 2018April 2018 | 68,000 /yr | |
| 402 | Studio | 387 sqft | AED 361KAED 360,551 · Apr 2018April 2018 | 51,000 /yr | |
| 403 | Studio | 365 sqft | AED 385KAED 385,000 · Jul 2018July 2018 | 35,000 /yr | |
| 404 | 1-bed | 478 sqft | AED 442KAED 442,000 · Apr 2019April 2019 | 50,000 /yr | |
| 405 | 2-bed | 668 sqft | AED 460KAED 460,000 · Apr 2023April 2023 | 30,081 /yr | |
| 406 | 1-bed | 483 sqft | AED 448KAED 448,000 · Mar 2018March 2018 | 40,000 /yr | |
| 407 | Studio | 387 sqft | AED 380KAED 380,000 · Sep 2019September 2019 | 50,000 /yr | |
| 408 | Studio | 347 sqft | AED 351KAED 351,258 · Jul 2018July 2018 | 40,000 /yr | |
| 409 | 1-bed | 478 sqft | AED 320KAED 320,000 · Sep 2022September 2022 | 24,223 /yr | |
| 410 | 2-bed | 666 sqft | AED 710KAED 710,000 · Mar 2026March 2026 | 60,000 /yr | |
| 411 | 1-bed | 483 sqft | AED 435KAED 435,000 · Jun 2018June 2018 | 43,000 /yr | |
| 412 | 1-bed | 656 sqft | AED 508KAED 508,444 · Sep 2019September 2019 | 60,000 /yr | |
| 413 | 1-bed | 622 sqft | AED 485KAED 485,000 · Jul 2018July 2018 | 23,000 /yr | |
| 414 | 1-bed | 638 sqft | AED 455KAED 455,485 · Oct 2022October 2022 | 25,000 /yr | |
| 415 | Studio | 410 sqft | AED 380KAED 380,000 · Apr 2018April 2018 | 42,000 /yr | |
| 417 | Studio | 437 sqft | AED 416KAED 416,435 · Apr 2018April 2018 | 38,000 /yr | |
| 418 | Studio | 437 sqft | AED 396KAED 396,000 · Sep 2018September 2018 | 40,000 /yr | |
| 419 | 1-bed | 514 sqft | AED 452KAED 452,000 · Apr 2018April 2018 | 39,000 /yr | |
| 420 | 1-bed | 514 sqft | AED 452KAED 452,000 · Apr 2018April 2018 | 47,000 /yr | |
| 421 | Studio | 360 sqft | AED 380KAED 380,000 · May 2019May 2019 | 32,500 /yr | |
| 422 | Studio | 360 sqft | AED 325KAED 325,000 · Nov 2023November 2023 | 34,000 /yr |
416, MAG 505 in numbers
- Sold once: by MAG on 6 September 2018 for AED 396,000, or AED 965 per sqft.
- Rented since November 2021 on 2 Ejari contracts, from AED 18,000 to AED 34,000 a year.
- At AED 34,000 a year the gross yield on the 2018 price is 8.6%, before a service charge of about AED 6,700 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 1 April 2024.
Questions about 416, MAG 505
What did unit 416 last sell for?
AED 396,000 on 6 September 2018, sold by the developer: AED 965 per sqft for 410 sqft. It is the only registered sale of the unit.
What is the rent for unit 416?
AED 34,000 a year on the contract signed on 1 April 2024. The previous contract, from November 2021, was AED 18,000.
How big is unit 416?
410 sqft (38.1 sqm): a studio on the 4th floor of a 6-storey tower completed in 2020.
What is unit 416 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 416, MAG 505
Starts from the last sale price (AED 396K, 6 September 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 396,000
- Deposit, UAE resident (20%)
- AED 79,200
- Deposit, non-resident (40%)
- AED 158,400
- Monthly over 25 years at 3.7%
- AED 1,620
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →