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1-bed · 483 sqftMAG 505, Dubai South · 6th floor · completed 2020

611, 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 611 · DLD and Ejari recordsUpdated 1 January 2025
Last soldAED 445K7 May 2018
Current rentAED 32K /yr1 January 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 611, MAG 505

What is 611 worth today?

Last sold for AED 445,000 in 2018

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1 Jan 2025RentedRenewal
AED 31,500/yr12 months · AED 65 per sqft
1 Jan 2024RentedNew contract
AED 30,000/yr12 months · AED 62 per sqft
10 Dec 2022RentedNew contract
AED 28,000/yr12 months · AED 58 per sqft
5 Nov 2021RentedNew contract
AED 24,000/yr12 months · AED 50 per sqft
1 Sep 2020RentedNew contract
AED 23,000/yr12 months · AED 48 per sqft
7 May 2018Sold by developerOff-plan
AED 445,000AED 921 per sqft

Source: Dubai Land Department. Updated 1 January 2025.

Key facts

Type
1-bed apartment
Size
483 sqft
Floor
6th of 6
Parking
G-41
Developer
MAG
Completed
2020
Service charge
AED 7,900 /yr
Last sold
AED 445K · May 2018
Building
MAG 505

About 611, MAG 505

611 is a one-bedroom apartment of 483 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 7 May 2018 for AED 445,000, or AED 921 per sqft, in line with the AED 924 one-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, renewed on 1 January 2025, is AED 31,500 a year: a gross yield of 7.1% on the 2018 price, before the service charge of about AED 7,900 a year.

Sales and rents for 611 over time

Sales
Unit 611, 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, May 2018: AED 445,000 (AED 921 per sqft)

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

Rents
Unit 611, each contractTypical one-bed in MAG 505
20K30K40K2020202220242026Typical 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, September 2020: AED 23,000 a yearNew contract, November 2021: AED 24,000 a yearNew contract, December 2022: AED 28,000 a yearNew contract, January 2024: AED 30,000 a yearRenewal, January 2025: AED 31,500 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 611 sits

All 60 1-beds →

611 last sold in May 2018 at AED 921 per sqft, in line with what one-beds in MAG 505 were fetching at the time (AED 924). 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. 611's AED 31,500 is in the lower 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
6011-bedAED 475K · Jul 2019
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
1–7 of 21

611, MAG 505 in numbers

  • Sold once: by MAG on 7 May 2018 for AED 445,000, or AED 921 per sqft.
  • Rented since September 2020 on 5 Ejari contracts, from AED 23,000 to AED 31,500 a year.
  • At AED 31,500 a year the gross yield on the 2018 price is 7.1%, before a service charge of about AED 7,900 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 1 January 2025.

Questions about 611, MAG 505

What did unit 611 last sell for?

AED 445,000 on 7 May 2018, sold by the developer: AED 921 per sqft for 483 sqft. It is the only registered sale of the unit.

What is the rent for unit 611?

AED 31,500 a year on the contract renewed on 1 January 2025. The previous contract, from January 2024, was AED 30,000; the unit has been rented since September 2020.

How big is unit 611?

483 sqft (44.9 sqm): a one-bedroom apartment on the 6th floor of a 6-storey tower completed in 2020.

What is unit 611 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.

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Mortgage on 611, MAG 505

Starts from the last sale price (AED 445K, 7 May 2018). Switch to today's estimate once you have unlocked it.
Price
AED 445,000
Deposit, UAE resident (20%)
AED 89,000
Deposit, non-resident (40%)
AED 178,000
Monthly over 25 years at 3.7%
AED 1,821

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