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2-bed · 1,008 sqftMAG 530, Dubai South · 5th floor · completed 2020

505, MAG 530

Sold prices and rental history: sold twice, last in February 2025, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 505 · DLD and Ejari recordsUpdated 20 February 2025
Last soldAED 1M20 February 2025
Current rentAED 56K /yr1 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 505, MAG 530

What is 505 worth today?

Last sold for AED 1,000,000 in 2025

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20 Feb 2025SoldReady
AED 1,000,000AED 992 per sqft
1 Apr 2024RentedNew contract
AED 56,000/yr12 months · AED 55 per sqft
21 Feb 2023RentedNew contract
AED 45,000/yr12 months · AED 44 per sqft
10 Oct 2021RentedRenewal
AED 42,000/yr24 months · AED 42 per sqft
10 Oct 2020RentedRenewal
AED 38,000/yr12 months · AED 38 per sqft
10 Oct 2019RentedNew contract
AED 40,000/yr12 months · AED 40 per sqft
15 Jul 2019Sold by developerReady
AED 684,220AED 678 per sqft

Source: Dubai Land Department. Updated 20 February 2025.

Key facts

Type
2-bed apartment
Size
1,008 sqft
Floor
5th of 6
Parking
G-66
Developer
MAG
Completed
2020
Service charge
AED 16,300 /yr
Last sold
AED 1M · February 2025
Building
MAG 530

About 505, MAG 530

505 is a two-bedroom apartment of 1,008 sqft on the 5th floor of MAG 530, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 20 February 2025 for AED 1,000,000, or AED 992 per sqft.

It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, signed on 1 April 2024, is AED 56,000 a year: a gross yield of 5.6% on the 2025 price, before the service charge of about AED 16,300 a year.

Sales and rents for 505 over time

Sales
Unit 505, each saleTypical two-bed in MAG 530
800K1M2017202020232026Typical sale price by year: 2017 AED 835,555; 2018 AED 820,000; 2025 AED 925,000Sold by developer, July 2019: AED 684,220 (AED 678 per sqft)Sold, February 2025: AED 1,000,000 (AED 992 per sqft)

505 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 505, each contractTypical two-bed in MAG 530
40K60K20192021202320252027Typical rent by year: 2019 AED 45,000; 2020 AED 40,000; 2021 AED 43,000; 2022 AED 44,000; 2023 AED 47,000; 2024 AED 67,000; 2026 AED 67,000New contract, October 2019: AED 40,000 a yearRenewal, October 2020: AED 38,000 a yearRenewal, October 2021: AED 42,000 a yearNew contract, February 2023: AED 45,000 a yearNew contract, April 2024: AED 56,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in MAG 530, and where 505 sits

All 12 2-beds →

Over the last 12 months two-beds sold for AED 795,000 to 1,150,000, around AED 1,046 per sqft, and rent for AED 62,000 to 80,000 a year. 505's AED 56,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
10 Mar 20261,085,000
5 Jan 20261,150,000
18 Nov 2025795,000
16 Jun 20251,150,000
3 2-bed sales in the last 12 months

MAG 530

Building

92 apartments, studios to 3-bed over 6 floors in Dubai South, completed in 2020 by MAG. 5 sold in the last 12 months.

Typical price per sqft
AED 1,133
Typical sale
AED 795K
Typical rent
AED 50K /yr
Typical yield
7.0%
MAG 530, Dubai South: prices, sales and rents →

Other units on the 5th floor

All 92 units in MAG 530
Value
5012-bedAED 795K · Nov 2025
5021-bedAED 549K · Jun 2017
503StudioAED 540K · Dec 2025
5041-bedAED 500K · Oct 2023
5061-bedAED 546K · Dec 2016
507StudioAED 433K · Apr 2017
5081-bedAED 520K · Dec 2017
1–7 of 14

505, MAG 530 in numbers

  • Sold twice: first on 15 July 2019 for AED 684,220, last on 20 February 2025 for AED 1,000,000 (AED 992 per sqft).
  • Rented since October 2019 on 5 Ejari contracts, from AED 40,000 to AED 56,000 a year.
  • At AED 56,000 a year the gross yield on the 2025 price is 5.6%, before a service charge of about AED 16,300 a year (AED 16.14 per sqft).
  • Two-beds in MAG 530 sold for AED 795,000–1,150,000 in the 12 months to November 2026; the building's median across all types is AED 1,133 per sqft.

Source: Dubai Land Department. Updated 20 February 2025.

Questions about 505, MAG 530

What did unit 505 last sell for?

AED 1,000,000 on 20 February 2025: AED 992 per sqft for 1,008 sqft. The unit has 2 registered sales; the first was AED 684,220 in July 2019.

What is the rent for unit 505?

AED 56,000 a year on the contract signed on 1 April 2024. The previous contract, from February 2023, was AED 45,000; the unit has been rented since October 2019.

How big is unit 505?

1,008 sqft (93.6 sqm): a two-bedroom apartment on the 5th floor of a 6-storey tower completed in 2020.

What is unit 505 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in MAG 530 sold for AED 795,000 to 1,150,000 in the last 12 months, around AED 1,046 per sqft.

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Mortgage on 505, MAG 530

Starts from the last sale price (AED 1M, 20 February 2025). Switch to today's estimate once you have unlocked it.
Price
AED 1,000,000
Deposit, UAE resident (20%)
AED 200,000
Deposit, non-resident (40%)
AED 400,000
Monthly over 25 years at 3.7%
AED 4,091

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