Home
Dubai prices
About
Research
1-bed · 657 sqftMAG 505, Dubai South · 6th floor · completed 2020

612, MAG 505

Sold prices and rental history: sold once, by the developer in September 2022, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 612 · DLD and Ejari recordsUpdated 3 February 2026
Last soldAED 479K26 September 2022
Current rentAED 60K /yr3 February 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 612

Property timeline for 612, MAG 505

What is 612 worth today?

Last sold for AED 478,880 in 2022

Unlock today's estimate, updated daily, with

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

3 Feb 2026RentedNew contract
AED 60,000/yr12 months · AED 91 per sqft
1 Dec 2023RentedRenewal
AED 33,500/yr12 months · AED 51 per sqft
1 Dec 2022RentedNew contract
AED 32,000/yr12 months · AED 49 per sqft
26 Sep 2022Sold by developerReady
AED 478,880AED 728 per sqft
15 Mar 2021RentedNew contract
AED 26,000/yr12 months · AED 40 per sqft

Source: Dubai Land Department. Updated 3 February 2026.

Key facts

Type
1-bed apartment
Size
657 sqft
Floor
6th of 6
Parking
G-122
Developer
MAG
Completed
2020
Service charge
AED 10,800 /yr
Last sold
AED 479K · September 2022
Building
MAG 505

About 612, MAG 505

612 is a one-bedroom apartment of 657 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 26 September 2022 for AED 478,880, or AED 728 per sqft, in line with the AED 711 one-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, signed on 3 February 2026, is AED 60,000 a year: a gross yield of 12.5% on the 2022 price, before the service charge of about AED 10,800 a year.

Sales and rents for 612 over time

Sales
Unit 612, 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, September 2022: AED 478,880 (AED 728 per sqft)

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

Rents
Unit 612, each contractTypical one-bed in MAG 505
20K40K60K2020202220242026Typical 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, March 2021: AED 26,000 a yearNew contract, December 2022: AED 32,000 a yearRenewal, December 2023: AED 33,500 a yearNew contract, February 2026: AED 60,000 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 612 sits

All 60 1-beds →

612 last sold in September 2022 at AED 728 per sqft, in line with what one-beds in MAG 505 were fetching at the time (AED 711). 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. 612's AED 60,000 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
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

612, MAG 505 in numbers

  • Sold once: by MAG on 26 September 2022 for AED 478,880, or AED 728 per sqft.
  • Rented since March 2021 on 4 Ejari contracts, from AED 26,000 to AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2022 price is 12.5%, before a service charge of about AED 10,800 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 3 February 2026.

Questions about 612, MAG 505

What did unit 612 last sell for?

AED 478,880 on 26 September 2022, sold by the developer: AED 728 per sqft for 657 sqft. It is the only registered sale of the unit.

What is the rent for unit 612?

AED 60,000 a year on the contract signed on 3 February 2026. The previous contract, from December 2023, was AED 33,500; the unit has been rented since March 2021.

How big is unit 612?

657 sqft (61.0 sqm): a one-bedroom apartment on the 6th floor of a 6-storey tower completed in 2020.

What is unit 612 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 612? 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 612, MAG 505

Starts from the last sale price (AED 479K, 26 September 2022). Switch to today's estimate once you have unlocked it.
Price
AED 478,880
Deposit, UAE resident (20%)
AED 95,776
Deposit, non-resident (40%)
AED 191,552
Monthly over 25 years at 3.7%
AED 1,959

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