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1-bed · 629 sqftMAG 505, Dubai South · 5th floor · completed 2020

501, MAG 505

Sold prices and rental history: sold once, by the developer in July 2018, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 501 · DLD and Ejari recordsUpdated 25 September 2025
Last soldAED 530K15 July 2018
Current rentAED 45K /yr25 September 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 501, MAG 505

What is 501 worth today?

Last sold for AED 530,000 in 2018

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25 Sep 2025RentedRenewal
AED 45,000/yr12 months · AED 72 per sqft
25 Sep 2024RentedRenewal
AED 45,000/yr12 months · AED 72 per sqft
25 Sep 2023RentedRenewal
AED 26,400/yr12 months · AED 42 per sqft
25 Sep 2022RentedRenewal
AED 24,000/yr12 months · AED 38 per sqft
25 Sep 2021RentedNew contract
AED 24,000/yr12 months · AED 38 per sqft
1 Sep 2020RentedNew contract
AED 23,000/yr12 months · AED 37 per sqft
15 Jul 2018Sold by developerOff-plan
AED 530,000AED 842 per sqft

Source: Dubai Land Department. Updated 25 September 2025.

Key facts

Type
1-bed apartment
Size
629 sqft
Floor
5th of 6
Parking
G-89
Developer
MAG
Completed
2020
Service charge
AED 10,300 /yr
Last sold
AED 530K · July 2018
Building
MAG 505

About 501, MAG 505

501 is a one-bedroom apartment of 629 sqft on the 5th floor of MAG 505, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 15 July 2018 for AED 530,000, or AED 842 per sqft, 5% below the AED 891 one-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 6 Ejari contracts. The current contract, renewed on 25 September 2025, is AED 45,000 a year: a gross yield of 8.5% on the 2018 price, before the service charge of about AED 10,300 a year.

Sales and rents for 501 over time

Sales
Unit 501, 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, July 2018: AED 530,000 (AED 842 per sqft)

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

Rents
Unit 501, 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, September 2020: AED 23,000 a yearNew contract, September 2021: AED 24,000 a yearRenewal, September 2022: AED 24,000 a yearRenewal, September 2023: AED 26,400 a yearRenewal, September 2024: AED 45,000 a yearRenewal, September 2025: AED 45,000 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 501 sits

All 60 1-beds →

501 last sold in July 2018 at AED 842 per sqft, 5% below what one-beds in MAG 505 were fetching at the time (AED 891). 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. 501's AED 45,000 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 5th floor

All 132 units in MAG 505
Value
502StudioAED 360K · Mar 2024
503StudioAED 300K · Aug 2023
5041-bedAED 442K · May 2019
5052-bedAED 555K · Sep 2018
5061-bedAED 550K · Jul 2025
507StudioAED 391K · Mar 2018
508StudioAED 350K · Aug 2018
1–7 of 21

501, MAG 505 in numbers

  • Sold once: by MAG on 15 July 2018 for AED 530,000, or AED 842 per sqft.
  • Rented since September 2020 on 6 Ejari contracts, from AED 23,000 to AED 45,000 a year.
  • At AED 45,000 a year the gross yield on the 2018 price is 8.5%, before a service charge of about AED 10,300 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 25 September 2025.

Questions about 501, MAG 505

What did unit 501 last sell for?

AED 530,000 on 15 July 2018, sold by the developer: AED 842 per sqft for 629 sqft. It is the only registered sale of the unit.

What is the rent for unit 501?

AED 45,000 a year on the contract renewed on 25 September 2025. The previous contract, from September 2024, was AED 45,000; the unit has been rented since September 2020.

How big is unit 501?

629 sqft (58.4 sqm): a one-bedroom apartment on the 5th floor of a 6-storey tower completed in 2020.

What is unit 501 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 501, MAG 505

Starts from the last sale price (AED 530K, 15 July 2018). Switch to today's estimate once you have unlocked it.
Price
AED 530,000
Deposit, UAE resident (20%)
AED 106,000
Deposit, non-resident (40%)
AED 212,000
Monthly over 25 years at 3.7%
AED 2,168

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