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Studio · 349 sqftMAG 505, Dubai South · 5th floor · completed 2020

508, MAG 505

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

Unit 508 · DLD and Ejari recordsUpdated 2 March 2025
Last soldAED 350K5 August 2018
Current rentAED 37K /yr2 March 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 508, MAG 505

What is 508 worth today?

Last sold for AED 349,830 in 2018

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2 Mar 2025RentedNew contract
AED 37,000/yr12 months · AED 107 per sqft
2 Mar 2025RentedNew contract
AED 37,000/yr12 months · AED 107 per sqft
15 Jul 2023RentedNew contract
AED 25,000/yr12 months · AED 73 per sqft
1 Jul 2022RentedRenewal
AED 18,000/yr12 months · AED 52 per sqft
1 Jul 2021RentedRenewal
AED 18,000/yr12 months · AED 52 per sqft
1 Jul 2020RentedNew contract
AED 18,000/yr12 months · AED 52 per sqft
5 Aug 2018Sold by developerOff-plan
AED 349,830AED 1,002 per sqft

Source: Dubai Land Department. Updated 2 March 2025.

Key facts

Type
Studio apartment
Size
349 sqft
Floor
5th of 6
Parking
G-96
Developer
MAG
Completed
2020
Service charge
AED 5,700 /yr
Last sold
AED 350K · August 2018
Building
MAG 505

About 508, MAG 505

508 is a studio of 349 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 August 2018 for AED 349,830, or AED 1,002 per sqft, 5% above the AED 953 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 2 March 2025, is AED 37,000 a year: a gross yield of 10.6% on the 2018 price, before the service charge of about AED 5,700 a year.

Sales and rents for 508 over time

Sales
Unit 508, 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, August 2018: AED 349,830 (AED 1,002 per sqft)

508 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 508, 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, July 2020: AED 18,000 a yearRenewal, July 2021: AED 18,000 a yearRenewal, July 2022: AED 18,000 a yearNew contract, July 2023: AED 25,000 a yearNew contract, March 2025: AED 37,000 a yearNew contract, March 2025: AED 37,000 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 508 sits

All 60 studios →

508 last sold in August 2018 at AED 1,002 per sqft, 5% above what studios in MAG 505 were fetching at the time (AED 953). 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. 508's AED 37,000 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 5th floor

All 132 units in MAG 505
Value
5011-bedAED 530K · Jul 2018
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
1–7 of 21

508, MAG 505 in numbers

  • Sold once: by MAG on 5 August 2018 for AED 349,830, or AED 1,002 per sqft.
  • Rented since July 2020 on 6 Ejari contracts, from AED 18,000 to AED 37,000 a year.
  • At AED 37,000 a year the gross yield on the 2018 price is 10.6%, before a service charge of about AED 5,700 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 2 March 2025.

Questions about 508, MAG 505

What did unit 508 last sell for?

AED 349,830 on 5 August 2018, sold by the developer: AED 1,002 per sqft for 349 sqft. It is the only registered sale of the unit.

What is the rent for unit 508?

AED 37,000 a year on the contract signed on 2 March 2025. The previous contract, from March 2025, was AED 37,000; the unit has been rented since July 2020.

How big is unit 508?

349 sqft (32.4 sqm): a studio on the 5th floor of a 6-storey tower completed in 2020.

What is unit 508 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 508, MAG 505

Starts from the last sale price (AED 350K, 5 August 2018). Switch to today's estimate once you have unlocked it.
Price
AED 349,830
Deposit, UAE resident (20%)
AED 69,966
Deposit, non-resident (40%)
AED 139,932
Monthly over 25 years at 3.7%
AED 1,431

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