622, MAG 505
Sold prices and rental history: sold once, by the developer in May 2018, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 622, MAG 505
What is 622 worth today?
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Source: Dubai Land Department. Updated 25 November 2024.
Key facts
- Type
- Studio apartment
- Size
- 360 sqft
- Floor
- 6th of 6
- Parking
- G-132
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 5,900 /yr
- Last sold
- AED 395K · May 2018
- Building
- MAG 505
About 622, MAG 505
622 is a studio of 360 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 6 May 2018 for AED 395,000, or AED 1,097 per sqft, 15% above the AED 952 studios in the building were fetching at the time.
It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, renewed on 25 November 2024, is AED 31,000 a year: a gross yield of 7.8% on the 2018 price, before the service charge of about AED 5,900 a year.
Sales and rents for 622 over time
622 has sold once; 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 622 sits
All 60 studios →622 last sold in May 2018 at AED 1,097 per sqft, 15% above what studios in MAG 505 were fetching at the time (AED 952). 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. 622's AED 31,000 is in the lower half 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 | |
| 617 | Studio | 437 sqft | AED 350KAED 350,000 · Nov 2024November 2024 | 22,000 /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, MAG 505 in numbers
- Sold once: by MAG on 6 May 2018 for AED 395,000, or AED 1,097 per sqft.
- Rented since January 2021 on 5 Ejari contracts, from AED 18,000 to AED 31,000 a year.
- At AED 31,000 a year the gross yield on the 2018 price is 7.8%, before a service charge of about AED 5,900 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 25 November 2024.
Questions about 622, MAG 505
What did unit 622 last sell for?
AED 395,000 on 6 May 2018, sold by the developer: AED 1,097 per sqft for 360 sqft. It is the only registered sale of the unit.
What is the rent for unit 622?
AED 31,000 a year on the contract renewed on 25 November 2024. The previous contract, from November 2023, was AED 27,000; the unit has been rented since January 2021.
How big is unit 622?
360 sqft (33.4 sqm): a studio on the 6th floor of a 6-storey tower completed in 2020.
What is unit 622 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 622, MAG 505
Starts from the last sale price (AED 395K, 6 May 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 395,000
- Deposit, UAE resident (20%)
- AED 79,000
- Deposit, non-resident (40%)
- AED 158,000
- Monthly over 25 years at 3.7%
- AED 1,616
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →