504, MAG 505
Sold prices and rental history: sold once, by the developer in May 2019, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 504, MAG 505
What is 504 worth today?
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Source: Dubai Land Department. Updated 5 April 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 478 sqft
- Floor
- 5th of 6
- Parking
- G-92
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 7,800 /yr
- Last sold
- AED 442K · May 2019
- Building
- MAG 505
About 504, MAG 505
504 is a one-bedroom apartment of 478 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 16 May 2019 for AED 442,000, or AED 924 per sqft, 6% above the AED 871 one-beds in the building were fetching at the time.
It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, renewed on 5 April 2024, is AED 34,000 a year: a gross yield of 7.7% on the 2019 price, before the service charge of about AED 7,800 a year.
Sales and rents for 504 over time
504 has sold once; the dashed line is the one-bed median of each year in the building.
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 504 sits
All 60 1-beds →504 last sold in May 2019 at AED 924 per sqft, 6% above what one-beds in MAG 505 were fetching at the time (AED 871). 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. 504's AED 34,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 16 Jul 202616 July 2026 | 623 sqft | 690,000 | 1,107 | ||
| 20 Jan 202620 January 2026 | 478 sqft | 600,000 | 1,254 | ||
| 22 Oct 202522 October 2025 | 514 sqft | 570,000 | 1,109 | ||
| 30 Sep 202530 September 2025 | 638 sqft | 714,000 | 1,119 |
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 | |
| 502 | Studio | 389 sqft | AED 360KAED 360,000 · Mar 2024March 2024 | 42,000 /yr | |
| 503 | Studio | 365 sqft | AED 300KAED 300,000 · Aug 2023August 2023 | 41,000 /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 |
504, MAG 505 in numbers
- Sold once: by MAG on 16 May 2019 for AED 442,000, or AED 924 per sqft.
- Rented since April 2021 on 4 Ejari contracts, from AED 22,000 to AED 34,000 a year.
- At AED 34,000 a year the gross yield on the 2019 price is 7.7%, before a service charge of about AED 7,800 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 5 April 2024.
Questions about 504, MAG 505
What did unit 504 last sell for?
AED 442,000 on 16 May 2019, sold by the developer: AED 924 per sqft for 478 sqft. It is the only registered sale of the unit.
What is the rent for unit 504?
AED 34,000 a year on the contract renewed on 5 April 2024. The previous contract, from April 2023, was AED 22,000; the unit has been rented since April 2021.
How big is unit 504?
478 sqft (44.4 sqm): a one-bedroom apartment on the 5th floor of a 6-storey tower completed in 2020.
What is unit 504 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 504, MAG 505
Starts from the last sale price (AED 442K, 16 May 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 442,000
- Deposit, UAE resident (20%)
- AED 88,400
- Deposit, non-resident (40%)
- AED 176,800
- Monthly over 25 years at 3.7%
- AED 1,808
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →