502, MAG 505
Sold prices and rental history: sold twice, last in March 2024, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 502, MAG 505
What is 502 worth today?
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Source: Dubai Land Department. Updated 15 February 2026.
Key facts
- Type
- Studio apartment
- Size
- 389 sqft
- Floor
- 5th of 6
- Parking
- G-90
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 6,400 /yr
- Last sold
- AED 360K · March 2024
- Building
- MAG 505
About 502, MAG 505
502 is a studio of 389 sqft on the 5th floor of MAG 505, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 25 March 2024 for AED 360,000, or AED 925 per sqft, 10% above the AED 843 studios in the building were fetching at the time.
It has been rented continuously since 2020 on 6 Ejari contracts. The current contract, signed on 15 February 2026, is AED 42,000 a year: a gross yield of 11.7% on the 2024 price, before the service charge of about AED 6,400 a year.
Sales and rents for 502 over time
502 has sold twice; 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 502 sits
All 60 studios →502 last sold in March 2024 at AED 925 per sqft, 10% above what studios in MAG 505 were fetching at the time (AED 843). 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. 502's AED 42,000 is in the upper 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 5th floor
All 132 units in MAG 505| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 629 sqft | AED 530KAED 530,000 · Jul 2018July 2018 | 45,000 /yr | |
| 503 | Studio | 365 sqft | AED 300KAED 300,000 · Aug 2023August 2023 | 41,000 /yr | |
| 504 | 1-bed | 478 sqft | AED 442KAED 442,000 · May 2019May 2019 | 34,000 /yr | |
| 505 | 2-bed | 668 sqft | AED 555KAED 555,000 · Sep 2018September 2018 | ||
| 506 | 1-bed | 483 sqft | AED 550KAED 550,000 · Jul 2025July 2025 | 20,000 /yr | |
| 507 | Studio | 389 sqft | AED 391KAED 391,020 · Mar 2018March 2018 | 38,000 /yr | |
| 508 | Studio | 349 sqft | AED 350KAED 349,830 · Aug 2018August 2018 | 37,000 /yr | |
| 509 | 1-bed | 478 sqft | AED 300KAED 300,000 · Dec 2022December 2022 | 46,500 /yr | |
| 510 | 2-bed | 666 sqft | AED 569KAED 568,554 · Jul 2018July 2018 | 55,000 /yr | |
| 511 | 1-bed | 483 sqft | AED 445KAED 445,000 · Mar 2018March 2018 | 43,000 /yr | |
| 512 | 1-bed | 657 sqft | AED 545KAED 545,000 · May 2018May 2018 | 52,000 /yr | |
| 513 | 1-bed | 623 sqft | AED 468KAED 468,000 · Jul 2018July 2018 | 45,000 /yr | |
| 514 | 1-bed | 638 sqft | AED 479KAED 479,420 · Jul 2018July 2018 | 44,000 /yr | |
| 515 | Studio | 410 sqft | AED 388KAED 388,474 · May 2018May 2018 | 38,000 /yr | |
| 516 | Studio | 410 sqft | AED 396KAED 396,000 · Sep 2018September 2018 | 40,886 /yr | |
| 517 | Studio | 437 sqft | AED 395KAED 395,000 · Apr 2018April 2018 | 50,000 /yr | |
| 518 | Studio | 437 sqft | AED 395KAED 395,000 · Apr 2018April 2018 | 33,000 /yr | |
| 519 | 1-bed | 514 sqft | AED 448KAED 448,000 · May 2018May 2018 | 29,000 /yr | |
| 520 | 1-bed | 514 sqft | AED 458KAED 458,000 · Jun 2020June 2020 | 29,000 /yr | |
| 521 | Studio | 360 sqft | AED 376KAED 376,320 · May 2018May 2018 | 38,000 /yr | |
| 522 | Studio | 360 sqft | AED 237KAED 237,000 · Mar 2021March 2021 | 31,914 /yr |
502, MAG 505 in numbers
- Sold twice: first on 9 May 2018 for AED 380,000, last on 25 March 2024 for AED 360,000 (AED 925 per sqft).
- Rented since November 2020 on 6 Ejari contracts, from AED 17,000 to AED 42,000 a year.
- At AED 42,000 a year the gross yield on the 2024 price is 11.7%, before a service charge of about AED 6,400 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 15 February 2026.
Questions about 502, MAG 505
What did unit 502 last sell for?
AED 360,000 on 25 March 2024: AED 925 per sqft for 389 sqft. The unit has 2 registered sales; the first was AED 380,000 in May 2018.
What is the rent for unit 502?
AED 42,000 a year on the contract signed on 15 February 2026. The previous contract, from November 2024, was AED 38,000; the unit has been rented since November 2020.
How big is unit 502?
389 sqft (36.1 sqm): a studio on the 5th floor of a 6-storey tower completed in 2020.
What is unit 502 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 502, MAG 505
Starts from the last sale price (AED 360K, 25 March 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 360,000
- Deposit, UAE resident (20%)
- AED 72,000
- Deposit, non-resident (40%)
- AED 144,000
- Monthly over 25 years at 3.7%
- AED 1,473
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →