617, MAG 505
Sold prices and rental history: sold 3 times, last in November 2024, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 617, MAG 505
What is 617 worth today?
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Source: Dubai Land Department. Updated 18 November 2024.
Key facts
- Type
- Studio apartment
- Size
- 437 sqft
- Floor
- 6th of 6
- Parking
- G-127
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 7,200 /yr
- Last sold
- AED 350K · November 2024
- Building
- MAG 505
About 617, MAG 505
617 is a studio of 437 sqft on the 6th floor of MAG 505, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 18 November 2024 for AED 350,000, or AED 801 per sqft, 11% below the AED 902 studios in the building were fetching at the time.
It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, renewed on 20 May 2023, is AED 22,000 a year: a gross yield of 6.3% on the 2024 price, before the service charge of about AED 7,200 a year.
Sales and rents for 617 over time
617 has sold 3 times; the dashed line is the studio median of each year in the building.
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 617 sits
All 60 studios →617 last sold in November 2024 at AED 801 per sqft, 11% below what studios in MAG 505 were fetching at the time (AED 902). 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. 617's AED 22,000 is at the bottom of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 7 Aug 20267 August 2026 | 437 sqft | 19,936 | 45 | ||
| 5 Jun 20265 June 2026 | 410 sqft | 420,000 | 1,023 | ||
| 3 Dec 20253 December 2025 | 410 sqft | 550,000 | 1,340 | ||
| 15 Jan 202515 January 2025 | 437 sqft | 495,000 | 1,132 |
MAG 505
Building132 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%
Other units on the 6th floor
All 132 units in MAG 505| ValueToday's value | |||||
|---|---|---|---|---|---|
| 601 | 1-bed | 629 sqft | AED 475KAED 475,000 · Jul 2019July 2019 | 54,000 /yr | |
| 602 | Studio | 389 sqft | AED 330KAED 330,000 · May 2019May 2019 | 40,000 /yr | |
| 603 | Studio | 365 sqft | AED 390KAED 390,000 · Mar 2018March 2018 | 31,000 /yr | |
| 604 | 1-bed | 478 sqft | AED 448KAED 448,000 · Apr 2018April 2018 | 52,000 /yr | |
| 605 | 2-bed | 668 sqft | AED 700KAED 700,000 · Jan 2025January 2025 | 64,000 /yr | |
| 606 | 1-bed | 483 sqft | AED 448KAED 448,000 · Jun 2018June 2018 | 42,000 /yr | |
| 607 | Studio | 389 sqft | AED 385KAED 385,000 · May 2018May 2018 | 40,000 /yr | |
| 608 | Studio | 349 sqft | AED 385KAED 385,000 · Aug 2021August 2021 | 34,000 /yr | |
| 609 | 1-bed | 478 sqft | AED 446KAED 446,000 · Apr 2018April 2018 | 40,000 /yr | |
| 610 | 2-bed | 666 sqft | AED 563KAED 563,000 · Mar 2019March 2019 | 55,000 /yr | |
| 611 | 1-bed | 483 sqft | AED 445KAED 445,000 · May 2018May 2018 | 31,500 /yr | |
| 612 | 1-bed | 657 sqft | AED 479KAED 478,880 · Sep 2022September 2022 | 60,000 /yr | |
| 613 | 1-bed | 623 sqft | AED 690KAED 690,000 · Jul 2026July 2026 | 35,000 /yr | |
| 614 | 1-bed | 638 sqft | AED 650KAED 650,000 · Aug 2025August 2025 | 72,000 /yr | |
| 615 | Studio | 410 sqft | AED 380KAED 380,000 · Apr 2018April 2018 | 42,000 /yr | |
| 616 | Studio | 410 sqft | AED 550KAED 550,000 · Dec 2025December 2025 | 42,872 /yr | |
| 618 | Studio | 437 sqft | AED 416KAED 416,218 · Mar 2018March 2018 | ||
| 619 | 1-bed | 514 sqft | AED 350KAED 350,000 · Nov 2023November 2023 | 58,000 /yr | |
| 620 | 1-bed | 514 sqft | AED 458KAED 458,000 · Apr 2018April 2018 | ||
| 621 | Studio | 360 sqft | AED 385KAED 385,000 · Jul 2019July 2019 | 37,000 /yr | |
| 622 | Studio | 360 sqft | AED 395KAED 395,000 · May 2018May 2018 | 31,000 /yr |
617, MAG 505 in numbers
- Sold 3 times: first on 19 April 2018 for AED 395,500, last on 18 November 2024 for AED 350,000 (AED 801 per sqft).
- Rented since May 2020 on 4 Ejari contracts, at AED 22,000 a year.
- At AED 22,000 a year the gross yield on the 2024 price is 6.3%, before a service charge of about AED 7,200 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 18 November 2024.
Questions about 617, MAG 505
What did unit 617 last sell for?
AED 350,000 on 18 November 2024: AED 801 per sqft for 437 sqft. The unit has 3 registered sales; the first was AED 395,500 in April 2018.
What is the rent for unit 617?
AED 22,000 a year on the contract renewed on 20 May 2023. The previous contract, from May 2022, was AED 22,000; the unit has been rented since May 2020.
How big is unit 617?
437 sqft (40.6 sqm): a studio on the 6th floor of a 6-storey tower completed in 2020.
What is unit 617 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 617, MAG 505
Starts from the last sale price (AED 350K, 18 November 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 350,000
- Deposit, UAE resident (20%)
- AED 70,000
- Deposit, non-resident (40%)
- AED 140,000
- Monthly over 25 years at 3.7%
- AED 1,432
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →