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Studio · 437 sqftMAG 505, Dubai South · 5th floor · completed 2020

518, MAG 505

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

Unit 518 · DLD and Ejari recordsUpdated 5 November 2025
Last soldAED 395K1 April 2018
Current rentAED 33K /yr5 November 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 518, MAG 505

What is 518 worth today?

Last sold for AED 395,000 in 2018

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5 Nov 2025RentedNew contract
AED 33,000/yr12 months · AED 75 per sqft
5 Nov 2023RentedNew contract
AED 30,000/yr12 months · AED 68 per sqft
5 Sep 2022RentedRenewal
AED 18,000/yr12 months · AED 41 per sqft
5 Sep 2021RentedNew contract
AED 18,000/yr12 months · AED 41 per sqft
1 Oct 2020RentedNew contract
AED 18,000/yr12 months · AED 41 per sqft
1 Apr 2018Sold by developerOff-plan
AED 395,000AED 904 per sqft

Source: Dubai Land Department. Updated 5 November 2025.

Key facts

Type
Studio apartment
Size
437 sqft
Floor
5th of 6
Parking
G-106
Developer
MAG
Completed
2020
Service charge
AED 7,200 /yr
Last sold
AED 395K · April 2018
Building
MAG 505

About 518, MAG 505

518 is a studio of 437 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 1 April 2018 for AED 395,000, or AED 904 per sqft, 6% below the AED 957 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, signed on 5 November 2025, is AED 33,000 a year: a gross yield of 8.3% on the 2018 price, before the service charge of about AED 7,200 a year.

Sales and rents for 518 over time

Sales
Unit 518, 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, April 2018: AED 395,000 (AED 904 per sqft)

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

Rents
Unit 518, 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, October 2020: AED 18,000 a yearNew contract, September 2021: AED 18,000 a yearRenewal, September 2022: AED 18,000 a yearNew contract, November 2023: AED 30,000 a yearNew contract, November 2025: AED 33,000 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 518 sits

All 60 studios →

518 last sold in April 2018 at AED 904 per sqft, 6% below what studios in MAG 505 were fetching at the time (AED 957). 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. 518's AED 33,000 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

518, MAG 505 in numbers

  • Sold once: by MAG on 1 April 2018 for AED 395,000, or AED 904 per sqft.
  • Rented since October 2020 on 5 Ejari contracts, from AED 18,000 to AED 33,000 a year.
  • At AED 33,000 a year the gross yield on the 2018 price is 8.3%, before a service charge of about AED 7,200 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 5 November 2025.

Questions about 518, MAG 505

What did unit 518 last sell for?

AED 395,000 on 1 April 2018, sold by the developer: AED 904 per sqft for 437 sqft. It is the only registered sale of the unit.

What is the rent for unit 518?

AED 33,000 a year on the contract signed on 5 November 2025. The previous contract, from November 2023, was AED 30,000; the unit has been rented since October 2020.

How big is unit 518?

437 sqft (40.6 sqm): a studio on the 5th floor of a 6-storey tower completed in 2020.

What is unit 518 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 518, MAG 505

Starts from the last sale price (AED 395K, 1 April 2018). Switch to today's estimate once you have unlocked it.
Price
AED 395,000
Deposit, UAE resident (20%)
AED 79,000
Deposit, non-resident (40%)
AED 158,000
Monthly over 25 years at 3.7%
AED 1,616

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