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1-bed · 514 sqftMAG 505, Dubai South · 4th floor · completed 2020

419, MAG 505

Sold prices and rental history: sold once, by the developer in April 2018, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 419 · DLD and Ejari recordsUpdated 22 February 2024
Last soldAED 452K9 April 2018
Current rentAED 39K /yr22 February 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 419, MAG 505

What is 419 worth today?

Last sold for AED 452,000 in 2018

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22 Feb 2024RentedNew contract
AED 39,000/yr12 months · AED 76 per sqft
10 Feb 2023RentedNew contract
AED 30,000/yr12 months · AED 58 per sqft
8 Feb 2021RentedNew contract
AED 23,000/yr12 months · AED 45 per sqft
9 Apr 2018Sold by developerOff-plan
AED 452,000AED 879 per sqft

Source: Dubai Land Department. Updated 22 February 2024.

Key facts

Type
1-bed apartment
Size
514 sqft
Floor
4th of 6
Parking
G-85
Developer
MAG
Completed
2020
Service charge
AED 8,400 /yr
Last sold
AED 452K · April 2018
Building
MAG 505

About 419, MAG 505

419 is a one-bedroom apartment of 514 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 9 April 2018 for AED 452,000, or AED 879 per sqft, 5% below the AED 923 one-beds in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, signed on 22 February 2024, is AED 39,000 a year: a gross yield of 8.6% on the 2018 price, before the service charge of about AED 8,400 a year.

Sales and rents for 419 over time

Sales
Unit 419, 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, April 2018: AED 452,000 (AED 879 per sqft)

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

Rents
Unit 419, 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, February 2021: AED 23,000 a yearNew contract, February 2023: AED 30,000 a yearNew contract, February 2024: AED 39,000 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 419 sits

All 60 1-beds →

419 last sold in April 2018 at AED 879 per sqft, 5% below what one-beds in MAG 505 were fetching at the time (AED 923). 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. 419's AED 39,000 is in the lower half 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

419, MAG 505 in numbers

  • Sold once: by MAG on 9 April 2018 for AED 452,000, or AED 879 per sqft.
  • Rented since February 2021 on 3 Ejari contracts, from AED 23,000 to AED 39,000 a year.
  • At AED 39,000 a year the gross yield on the 2018 price is 8.6%, before a service charge of about AED 8,400 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 22 February 2024.

Questions about 419, MAG 505

What did unit 419 last sell for?

AED 452,000 on 9 April 2018, sold by the developer: AED 879 per sqft for 514 sqft. It is the only registered sale of the unit.

What is the rent for unit 419?

AED 39,000 a year on the contract signed on 22 February 2024. The previous contract, from February 2023, was AED 30,000; the unit has been rented since February 2021.

How big is unit 419?

514 sqft (47.8 sqm): a one-bedroom apartment on the 4th floor of a 6-storey tower completed in 2020.

What is unit 419 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.

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Mortgage on 419, MAG 505

Starts from the last sale price (AED 452K, 9 April 2018). Switch to today's estimate once you have unlocked it.
Price
AED 452,000
Deposit, UAE resident (20%)
AED 90,400
Deposit, non-resident (40%)
AED 180,800
Monthly over 25 years at 3.7%
AED 1,849

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