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1-bed · 657 sqftMAG 505, Dubai South · 5th floor · completed 2020

512, MAG 505

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

Unit 512 · DLD and Ejari recordsUpdated 11 September 2025
Last soldAED 545K28 May 2018
Current rentAED 52K /yr11 September 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 512, MAG 505

What is 512 worth today?

Last sold for AED 545,000 in 2018

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11 Sep 2025RentedRenewal
AED 52,000/yr12 months · AED 79 per sqft
11 Sep 2024RentedRenewal
AED 44,000/yr12 months · AED 67 per sqft
11 Sep 2023RentedNew contract
AED 39,000/yr12 months · AED 59 per sqft
5 Sep 2022RentedNew contract
AED 30,000/yr12 months · AED 46 per sqft
10 Jul 2020RentedNew contract
AED 25,000/yr12 months · AED 38 per sqft
28 May 2018Sold by developerOff-plan
AED 545,000AED 829 per sqft

Source: Dubai Land Department. Updated 11 September 2025.

Key facts

Type
1-bed apartment
Size
657 sqft
Floor
5th of 6
Parking
G-100
Developer
MAG
Completed
2020
Service charge
AED 10,800 /yr
Last sold
AED 545K · May 2018
Building
MAG 505

About 512, MAG 505

512 is a one-bedroom apartment of 657 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 28 May 2018 for AED 545,000, or AED 829 per sqft, 8% below the AED 906 one-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, renewed on 11 September 2025, is AED 52,000 a year: a gross yield of 9.5% on the 2018 price, before the service charge of about AED 10,800 a year.

Sales and rents for 512 over time

Sales
Unit 512, 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, May 2018: AED 545,000 (AED 829 per sqft)

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

Rents
Unit 512, each contractTypical one-bed in MAG 505
20K40K2020202220242026Typical 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, July 2020: AED 25,000 a yearNew contract, September 2022: AED 30,000 a yearNew contract, September 2023: AED 39,000 a yearRenewal, September 2024: AED 44,000 a yearRenewal, September 2025: AED 52,000 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 512 sits

All 60 1-beds →

512 last sold in May 2018 at AED 829 per sqft, 8% below what one-beds in MAG 505 were fetching at the time (AED 906). 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. 512's AED 52,000 is in the upper 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
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

512, MAG 505 in numbers

  • Sold once: by MAG on 28 May 2018 for AED 545,000, or AED 829 per sqft.
  • Rented since July 2020 on 5 Ejari contracts, from AED 25,000 to AED 52,000 a year.
  • At AED 52,000 a year the gross yield on the 2018 price is 9.5%, before a service charge of about AED 10,800 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 11 September 2025.

Questions about 512, MAG 505

What did unit 512 last sell for?

AED 545,000 on 28 May 2018, sold by the developer: AED 829 per sqft for 657 sqft. It is the only registered sale of the unit.

What is the rent for unit 512?

AED 52,000 a year on the contract renewed on 11 September 2025. The previous contract, from September 2024, was AED 44,000; the unit has been rented since July 2020.

How big is unit 512?

657 sqft (61.0 sqm): a one-bedroom apartment on the 5th floor of a 6-storey tower completed in 2020.

What is unit 512 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 512, MAG 505

Starts from the last sale price (AED 545K, 28 May 2018). Switch to today's estimate once you have unlocked it.
Price
AED 545,000
Deposit, UAE resident (20%)
AED 109,000
Deposit, non-resident (40%)
AED 218,000
Monthly over 25 years at 3.7%
AED 2,230

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