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Studio · 365 sqftMAG 505, Dubai South · 6th floor · completed 2020

603, MAG 505

Sold prices and rental history: sold once, by the developer in March 2018, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 603 · DLD and Ejari recordsUpdated 1 March 2026
Last soldAED 390K8 March 2018
Current rentAED 31K /yr1 March 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 603, MAG 505

What is 603 worth today?

Last sold for AED 390,000 in 2018

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1 Mar 2026RentedRenewal
AED 31,000/yr12 months · AED 85 per sqft
1 Mar 2025RentedRenewal
AED 27,000/yr12 months · AED 74 per sqft
1 Mar 2025RentedRenewal
AED 27,000/yr12 months · AED 74 per sqft
1 Mar 2024RentedRenewal
AED 24,000/yr12 months · AED 66 per sqft
1 Mar 2023RentedRenewal
AED 19,000/yr12 months · AED 52 per sqft
1 Mar 2022RentedRenewal
AED 17,000/yr12 months · AED 46 per sqft
1 Mar 2021RentedNew contract
AED 17,000/yr12 months · AED 46 per sqft
8 Mar 2018Sold by developerOff-plan
AED 390,000AED 1,068 per sqft

Source: Dubai Land Department. Updated 1 March 2026.

Key facts

Type
Studio apartment
Size
365 sqft
Floor
6th of 6
Parking
G-113
Developer
MAG
Completed
2020
Service charge
AED 6,000 /yr
Last sold
AED 390K · March 2018
Building
MAG 505

About 603, MAG 505

603 is a studio of 365 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 8 March 2018 for AED 390,000, or AED 1,068 per sqft, 7% above the AED 999 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 7 Ejari contracts. The current contract, renewed on 1 March 2026, is AED 31,000 a year: a gross yield of 8.0% on the 2018 price, before the service charge of about AED 6,000 a year.

Sales and rents for 603 over time

Sales
Unit 603, 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, March 2018: AED 390,000 (AED 1,068 per sqft)

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

Rents
Unit 603, 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, March 2021: AED 17,000 a yearRenewal, March 2022: AED 17,000 a yearRenewal, March 2023: AED 19,000 a yearRenewal, March 2024: AED 24,000 a yearRenewal, March 2025: AED 27,000 a yearRenewal, March 2025: AED 27,000 a yearRenewal, March 2026: AED 31,000 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 603 sits

All 60 studios →

603 last sold in March 2018 at AED 1,068 per sqft, 7% above what studios in MAG 505 were fetching at the time (AED 999). 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. 603's AED 31,000 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 6th floor

All 132 units in MAG 505
Value
6011-bedAED 475K · Jul 2019
602StudioAED 330K · May 2019
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

603, MAG 505 in numbers

  • Sold once: by MAG on 8 March 2018 for AED 390,000, or AED 1,068 per sqft.
  • Rented since March 2021 on 7 Ejari contracts, from AED 17,000 to AED 31,000 a year.
  • At AED 31,000 a year the gross yield on the 2018 price is 8.0%, before a service charge of about AED 6,000 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 1 March 2026.

Questions about 603, MAG 505

What did unit 603 last sell for?

AED 390,000 on 8 March 2018, sold by the developer: AED 1,068 per sqft for 365 sqft. It is the only registered sale of the unit.

What is the rent for unit 603?

AED 31,000 a year on the contract renewed on 1 March 2026. The previous contract, from March 2025, was AED 27,000; the unit has been rented since March 2021.

How big is unit 603?

365 sqft (33.9 sqm): a studio on the 6th floor of a 6-storey tower completed in 2020.

What is unit 603 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 603, MAG 505

Starts from the last sale price (AED 390K, 8 March 2018). Switch to today's estimate once you have unlocked it.
Price
AED 390,000
Deposit, UAE resident (20%)
AED 78,000
Deposit, non-resident (40%)
AED 156,000
Monthly over 25 years at 3.7%
AED 1,596

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