507, MAG 505
Sold prices and rental history: sold once, by the developer in March 2018, 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 507, MAG 505
What is 507 worth today?
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Source: Dubai Land Department. Updated 26 May 2026.
Key facts
- Type
- Studio apartment
- Size
- 389 sqft
- Floor
- 5th of 6
- Parking
- G-95
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 6,400 /yr
- Last sold
- AED 391K · March 2018
- Building
- MAG 505
About 507, MAG 505
507 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. The developer sold it on 5 March 2018 for AED 391,020, or AED 1,004 per sqft.
It has been rented continuously since 2021 on 6 Ejari contracts. The current contract, signed on 26 May 2026, is AED 38,000 a year: a gross yield of 9.7% on the 2018 price, before the service charge of about AED 6,400 a year.
Sales and rents for 507 over time
507 has sold once; 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 507 sits
All 60 studios →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. 507's AED 38,000 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 | |
| 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 | |
| 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 | |
| 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 |
507, MAG 505 in numbers
- Sold once: by MAG on 5 March 2018 for AED 391,020, or AED 1,004 per sqft.
- Rented since February 2021 on 6 Ejari contracts, from AED 17,000 to AED 38,000 a year.
- At AED 38,000 a year the gross yield on the 2018 price is 9.7%, 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 26 May 2026.
Questions about 507, MAG 505
What did unit 507 last sell for?
AED 391,020 on 5 March 2018, sold by the developer: AED 1,004 per sqft for 389 sqft. It is the only registered sale of the unit.
What is the rent for unit 507?
AED 38,000 a year on the contract signed on 26 May 2026. The previous contract, from April 2025, was AED 38,000; the unit has been rented since February 2021.
How big is unit 507?
389 sqft (36.1 sqm): a studio on the 5th floor of a 6-storey tower completed in 2020.
What is unit 507 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 507, MAG 505
Starts from the last sale price (AED 391K, 5 March 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 391,020
- Deposit, UAE resident (20%)
- AED 78,204
- Deposit, non-resident (40%)
- AED 156,408
- Monthly over 25 years at 3.7%
- AED 1,600
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →