516, MAG 505
Sold prices and rental history: sold once, by the developer in September 2018, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 516, MAG 505
What is 516 worth today?
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Source: Dubai Land Department. Updated 30 November 2025.
Key facts
- Type
- Studio apartment
- Size
- 410 sqft
- Floor
- 5th of 6
- Parking
- G-104
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 6,700 /yr
- Last sold
- AED 396K · September 2018
- Building
- MAG 505
About 516, MAG 505
516 is a studio of 410 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 30 September 2018 for AED 396,000, or AED 965 per sqft, in line with the AED 955 studios in the building were fetching at the time.
It has been rented since 2020 on 3 Ejari contracts. The current contract, signed on 30 November 2025, is AED 40,886 a year: a gross yield of 10.3% on the 2018 price, before the service charge of about AED 6,700 a year.
Sales and rents for 516 over time
516 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 516 sits
All 60 studios →516 last sold in September 2018 at AED 965 per sqft, in line with what studios in MAG 505 were fetching at the time (AED 955). 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. 516's AED 40,886 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 | |
| 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 | |
| 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 |
516, MAG 505 in numbers
- Sold once: by MAG on 30 September 2018 for AED 396,000, or AED 965 per sqft.
- Rented since August 2020 on 3 Ejari contracts, from AED 21,114 to AED 40,886 a year.
- At AED 40,886 a year the gross yield on the 2018 price is 10.3%, before a service charge of about AED 6,700 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 30 November 2025.
Questions about 516, MAG 505
What did unit 516 last sell for?
AED 396,000 on 30 September 2018, sold by the developer: AED 965 per sqft for 410 sqft. It is the only registered sale of the unit.
What is the rent for unit 516?
AED 40,886 a year on the contract signed on 30 November 2025. The previous contract, from November 2024, was AED 41,000; the unit has been rented since August 2020.
How big is unit 516?
410 sqft (38.1 sqm): a studio on the 5th floor of a 6-storey tower completed in 2020.
What is unit 516 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 516, MAG 505
Starts from the last sale price (AED 396K, 30 September 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 396,000
- Deposit, UAE resident (20%)
- AED 79,200
- Deposit, non-resident (40%)
- AED 158,400
- Monthly over 25 years at 3.7%
- AED 1,620
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →