Home
Dubai prices
About
Blog
1-bed · 629 sqftMAG 505, Dubai South · 6th floor · completed 2020

601, MAG 505

Sold prices and rental history: sold once, by the developer in July 2019, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 601 · DLD and Ejari recordsUpdated 28 October 2026
Last soldAED 475K22 July 2019
Current rentAED 54K /yr28 October 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 601

Property timeline for 601, MAG 505

What is 601 worth today?

Last sold for AED 475,000 in 2019

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

28 Oct 2026RentedRenewal
AED 54,000/yr12 months · AED 86 per sqft
28 Oct 2025RentedNew contract
AED 54,000/yr12 months · AED 86 per sqft
1 Oct 2025RentedRenewal
AED 50,000/yr12 months · AED 80 per sqft
1 Oct 2024RentedRenewal
AED 33,600/yr12 months · AED 54 per sqft
1 Oct 2023RentedRenewal
AED 28,000/yr12 months · AED 45 per sqft
1 Oct 2022RentedRenewal
AED 26,500/yr12 months · AED 42 per sqft
1 Oct 2021RentedNew contract
AED 23,000/yr12 months · AED 37 per sqft
25 Aug 2020RentedNew contract
AED 23,000/yr13 months · AED 37 per sqft

Source: Dubai Land Department. Updated 28 October 2026.

Key facts

Type
1-bed apartment
Size
629 sqft
Floor
6th of 6
Parking
G-111
Developer
MAG
Completed
2020
Service charge
AED 10,300 /yr
Last sold
AED 475K · July 2019
Building
MAG 505

About 601, MAG 505

601 is a one-bedroom apartment of 629 sqft on the 6th floor of MAG 505, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 22 July 2019 for AED 475,000, or AED 754 per sqft, 8% below the AED 821 one-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 8 Ejari contracts. The current contract, renewed on 28 October 2026, is AED 54,000 a year: a gross yield of 11.4% on the 2019 price, before the service charge of about AED 10,300 a year.

Sales and rents for 601 over time

Sales
Unit 601, 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, July 2019: AED 475,000 (AED 754 per sqft)

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

Rents
Unit 601, 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, August 2020: AED 23,000 a yearNew contract, October 2021: AED 23,000 a yearRenewal, October 2022: AED 26,500 a yearRenewal, October 2023: AED 28,000 a yearRenewal, October 2024: AED 33,600 a yearNew contract, October 2025: AED 54,000 a yearRenewal, October 2025: AED 50,000 a yearRenewal, October 2026: AED 54,000 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 601 sits

All 60 1-beds →

601 last sold in July 2019 at AED 754 per sqft, 8% below what one-beds in MAG 505 were fetching at the time (AED 821). 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. 601's AED 54,000 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 6th floor

All 132 units in MAG 505
Value
602StudioAED 330K · May 2019
603StudioAED 390K · Mar 2018
6041-bedAED 448K · Apr 2018
6052-bedAED 700K · Jan 2025
6061-bedAED 448K · Jun 2018
607StudioAED 385K · May 2018
608StudioAED 385K · Aug 2021
1–7 of 21

601, MAG 505 in numbers

  • Sold once: by MAG on 22 July 2019 for AED 475,000, or AED 754 per sqft.
  • Rented since August 2020 on 8 Ejari contracts, from AED 23,000 to AED 54,000 a year.
  • At AED 54,000 a year the gross yield on the 2019 price is 11.4%, before a service charge of about AED 10,300 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 28 October 2026.

Questions about 601, MAG 505

What did unit 601 last sell for?

AED 475,000 on 22 July 2019, sold by the developer: AED 754 per sqft for 629 sqft. It is the only registered sale of the unit.

What is the rent for unit 601?

AED 54,000 a year on the contract renewed on 28 October 2026. The previous contract, from October 2025, was AED 54,000; the unit has been rented since August 2020.

How big is unit 601?

629 sqft (58.4 sqm): a one-bedroom apartment on the 6th floor of a 6-storey tower completed in 2020.

What is unit 601 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.

Selling 601? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 601, MAG 505

Starts from the last sale price (AED 475K, 22 July 2019). Switch to today's estimate once you have unlocked it.
Price
AED 475,000
Deposit, UAE resident (20%)
AED 95,000
Deposit, non-resident (40%)
AED 190,000
Monthly over 25 years at 3.7%
AED 1,943

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