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Studio · 360 sqftMAG 505, Dubai South · 4th floor · completed 2020

422, MAG 505

Sold prices and rental history: sold twice, last in November 2023, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 422 · DLD and Ejari recordsUpdated 11 July 2026
Last soldAED 325K21 November 2023
Current rentAED 34K /yr11 July 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 422, MAG 505

What is 422 worth today?

Last sold for AED 325,000 in 2023

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11 Jul 2026RentedNew contract
AED 34,000/yr12 months · AED 94 per sqft
12 May 2025RentedRenewal
AED 32,000/yr12 months · AED 89 per sqft
12 May 2025RentedRenewal
AED 32,000/yr12 months · AED 89 per sqft
12 May 2024RentedNew contract
AED 32,000/yr12 months · AED 89 per sqft
21 Nov 2023SoldReady
AED 325,000AED 902 per sqft
5 May 2023RentedRenewal
AED 28,000/yr12 months · AED 78 per sqft
5 Jun 2022RentedNew contract
AED 21,818/yr11 months · AED 61 per sqft
1 Jun 2021RentedNew contract
AED 16,000/yr12 months · AED 44 per sqft

Source: Dubai Land Department. Updated 11 July 2026.

Key facts

Type
Studio apartment
Size
360 sqft
Floor
4th of 6
Parking
G-88
Developer
MAG
Completed
2020
Service charge
AED 5,900 /yr
Last sold
AED 325K · November 2023
Building
MAG 505

About 422, MAG 505

422 is a studio of 360 sqft on the 4th floor of MAG 505, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 21 November 2023 for AED 325,000, or AED 902 per sqft, 10% above the AED 821 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 7 Ejari contracts. The current contract, signed on 11 July 2026, is AED 34,000 a year: a gross yield of 10.5% on the 2023 price, before the service charge of about AED 5,900 a year.

Sales and rents for 422 over time

Sales
Unit 422, 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, May 2021: AED 252,350 (AED 700 per sqft)Sold, November 2023: AED 325,000 (AED 902 per sqft)

422 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 422, each contractTypical studio in MAG 505
20K30K40K2020202220242026Typical 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, June 2021: AED 16,000 a yearNew contract, June 2022: AED 21,818 a yearRenewal, May 2023: AED 28,000 a yearNew contract, May 2024: AED 32,000 a yearRenewal, May 2025: AED 32,000 a yearRenewal, May 2025: AED 32,000 a yearNew contract, July 2026: AED 34,000 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 422 sits

All 60 studios →

422 last sold in November 2023 at AED 902 per sqft, 10% above what studios in MAG 505 were fetching at the time (AED 821). 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. 422's AED 34,000 is in the lower half 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
407StudioAED 380K · Sep 2019
1–7 of 21

422, MAG 505 in numbers

  • Sold twice: first on 10 May 2021 for AED 252,350, last on 21 November 2023 for AED 325,000 (AED 902 per sqft).
  • Rented since June 2021 on 7 Ejari contracts, from AED 16,000 to AED 34,000 a year.
  • At AED 34,000 a year the gross yield on the 2023 price is 10.5%, before a service charge of about AED 5,900 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 11 July 2026.

Questions about 422, MAG 505

What did unit 422 last sell for?

AED 325,000 on 21 November 2023: AED 902 per sqft for 360 sqft. The unit has 2 registered sales; the first was AED 252,350 in May 2021.

What is the rent for unit 422?

AED 34,000 a year on the contract signed on 11 July 2026. The previous contract, from May 2025, was AED 32,000; the unit has been rented since June 2021.

How big is unit 422?

360 sqft (33.4 sqm): a studio on the 4th floor of a 6-storey tower completed in 2020.

What is unit 422 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 422, MAG 505

Starts from the last sale price (AED 325K, 21 November 2023). Switch to today's estimate once you have unlocked it.
Price
AED 325,000
Deposit, UAE resident (20%)
AED 65,000
Deposit, non-resident (40%)
AED 130,000
Monthly over 25 years at 3.7%
AED 1,330

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