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Studio · 360 sqftMAG 505, Dubai South · 5th floor · completed 2020

521, 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 521 · DLD and Ejari recordsUpdated 15 September 2026
Last soldAED 376K31 May 2018
Current rentAED 38K /yr15 September 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 521, MAG 505

What is 521 worth today?

Last sold for AED 376,320 in 2018

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15 Sep 2026RentedRenewal
AED 38,000/yr12 months · AED 106 per sqft
15 Sep 2025RentedRenewal
AED 38,000/yr12 months · AED 106 per sqft
15 Sep 2024RentedNew contract
AED 38,000/yr12 months · AED 106 per sqft
2 Aug 2023RentedRenewal
AED 23,500/yr12 months · AED 65 per sqft
2 Aug 2022RentedNew contract
AED 22,000/yr12 months · AED 61 per sqft
1 Jun 2022RentedRenewal
AED 20,000/yr12 months · AED 56 per sqft
1 Jun 2021RentedNew contract
AED 18,000/yr12 months · AED 50 per sqft
1 Jun 2020RentedNew contract
AED 18,000/yr12 months · AED 51 per sqft

Source: Dubai Land Department. Updated 15 September 2026.

Key facts

Type
Studio apartment
Size
360 sqft
Floor
5th of 6
Parking
G-109
Developer
MAG
Completed
2020
Service charge
AED 5,900 /yr
Last sold
AED 376K · May 2018
Building
MAG 505

About 521, MAG 505

521 is a studio of 360 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 31 May 2018 for AED 376,320, or AED 1,045 per sqft, 9% above the AED 958 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 8 Ejari contracts. The current contract, renewed on 15 September 2026, is AED 38,000 a year: a gross yield of 10.1% on the 2018 price, before the service charge of about AED 5,900 a year.

Sales and rents for 521 over time

Sales
Unit 521, 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, May 2018: AED 376,320 (AED 1,045 per sqft)

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

Rents
Unit 521, 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, June 2020: AED 18,000 a yearNew contract, June 2021: AED 18,000 a yearRenewal, June 2022: AED 20,000 a yearNew contract, August 2022: AED 22,000 a yearRenewal, August 2023: AED 23,500 a yearNew contract, September 2024: AED 38,000 a yearRenewal, September 2025: AED 38,000 a yearRenewal, September 2026: AED 38,000 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 521 sits

All 60 studios →

521 last sold in May 2018 at AED 1,045 per sqft, 9% above what studios in MAG 505 were fetching at the time (AED 958). 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. 521's AED 38,000 is in the upper 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

521, MAG 505 in numbers

  • Sold once: by MAG on 31 May 2018 for AED 376,320, or AED 1,045 per sqft.
  • Rented since June 2020 on 8 Ejari contracts, from AED 18,000 to AED 38,000 a year.
  • At AED 38,000 a year the gross yield on the 2018 price is 10.1%, before a service charge of about AED 5,900 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 15 September 2026.

Questions about 521, MAG 505

What did unit 521 last sell for?

AED 376,320 on 31 May 2018, sold by the developer: AED 1,045 per sqft for 360 sqft. It is the only registered sale of the unit.

What is the rent for unit 521?

AED 38,000 a year on the contract renewed on 15 September 2026. The previous contract, from September 2025, was AED 38,000; the unit has been rented since June 2020.

How big is unit 521?

360 sqft (33.4 sqm): a studio on the 5th floor of a 6-storey tower completed in 2020.

What is unit 521 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 521, MAG 505

Starts from the last sale price (AED 376K, 31 May 2018). Switch to today's estimate once you have unlocked it.
Price
AED 376,320
Deposit, UAE resident (20%)
AED 75,264
Deposit, non-resident (40%)
AED 150,528
Monthly over 25 years at 3.7%
AED 1,540

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