505, MAG 535
Sold prices and rental history: sold twice, last in February 2026, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 505, MAG 535
What is 505 worth today?
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Source: Dubai Land Department. Updated 12 February 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,008 sqft
- Floor
- 5th of 6
- Parking
- G-62
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 15,400 /yr
- Last sold
- AED 1.06M · February 2026
- Building
- MAG 535
About 505, MAG 535
505 is a two-bedroom apartment of 1,008 sqft on the 5th floor of MAG 535, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 12 February 2026 for AED 1,060,000, or AED 1,052 per sqft, in line with the AED 1,028 two-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 7 Ejari contracts. The current contract, renewed on 6 August 2024, is AED 63,000 a year: a gross yield of 5.9% on the 2026 price, before the service charge of about AED 15,400 a year.
Sales and rents for 505 over time
505 has sold twice; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in MAG 535, and where 505 sits
All 24 2-beds →505 last sold in February 2026 at AED 1,052 per sqft, in line with what two-beds in MAG 535 were fetching at the time (AED 1,028). Over the last 12 months two-beds sold for AED 1,025,000 to 1,060,000, around AED 1,020 per sqft, and rent for AED 54,790 to 75,000 a year. 505's AED 63,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 23 Jul 202623 July 2026 | 1,005 sqft | 1,025,000 | 1,020 | ||
| 28 Nov 202528 November 2025 | 1,005 sqft | 1,025,000 | 1,020 | ||
| 2 Oct 20252 October 2025 | 966 sqft | 1,000,000 | 1,035 | ||
| 12 May 202512 May 2025 | 1,041 sqft | 1,000,000 | 960 |
MAG 535
Building86 apartments, studios to 3-bed over 6 floors in Dubai South, completed in 2020 by MAG. 7 sold in the last 12 months.
- Typical price per sqft
- AED 1,036
- Typical sale
- AED 1.03M
- Typical rent
- AED 55K /yr
- Typical yield
- 7.6%
Other units on the 5th floor
All 86 units in MAG 535| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,041 sqft | AED 695KAED 695,000 · Jul 2018July 2018 | 70,000 /yr | |
| 502 | 1-bed | 667 sqft | AED 549KAED 549,000 · May 2016May 2016 | 37,268 /yr | |
| 503 | Studio | 476 sqft | AED 396KAED 395,555 · Oct 2018October 2018 | 38,000 /yr | |
| 504 | 1-bed | 642 sqft | AED 566KAED 565,827 · Jul 2016July 2016 | 48,000 /yr | |
| 506 | 1-bed | 667 sqft | AED 780KAED 780,000 · Feb 2026February 2026 | 48,000 /yr | |
| 507 | Studio | 473 sqft | AED 401KAED 400,555 · Jun 2016June 2016 | 45,000 /yr | |
| 508 | 1-bed | 642 sqft | AED 595KAED 595,000 · Feb 2025February 2025 | 57,000 /yr | |
| 509 | 1-bed | 639 sqft | AED 530KAED 530,000 · Mar 2024March 2024 | 57,000 /yr | |
| 510 | 1-bed | 638 sqft | AED 549KAED 549,000 · May 2016May 2016 | 55,000 /yr | |
| 511 | 1-bed | 634 sqft | AED 549KAED 549,000 · Jun 2016June 2016 | ||
| 512 | 1-bed | 637 sqft | AED 650KAED 650,000 · Aug 2025August 2025 | 50,000 /yr | |
| 513 | 2-bed | 966 sqft | AED 820KAED 820,000 · Oct 2018October 2018 | 75,000 /yr | |
| 514 | 2-bed | 966 sqft | AED 781KAED 780,555 · Sep 2016September 2016 | 65,000 /yr |
505, MAG 535 in numbers
- Sold twice: first on 24 August 2016 for AED 795,555, last on 12 February 2026 for AED 1,060,000 (AED 1,052 per sqft).
- Rented since February 2019 on 7 Ejari contracts. The rent fell from AED 55,000 to AED 36,000 in 2020 and recovered to AED 63,000 by August 2024.
- At AED 63,000 a year the gross yield on the 2026 price is 5.9%, before a service charge of about AED 15,400 a year (AED 15.24 per sqft).
- Two-beds in MAG 535 sold for AED 1,025,000–1,060,000 in the 12 months to November 2026; the building's median across all types is AED 1,036 per sqft.
Source: Dubai Land Department. Updated 12 February 2026.
Questions about 505, MAG 535
What did unit 505 last sell for?
AED 1,060,000 on 12 February 2026: AED 1,052 per sqft for 1,008 sqft. The unit has 2 registered sales; the first was AED 795,555 in August 2016.
What is the rent for unit 505?
AED 63,000 a year on the contract renewed on 6 August 2024. The previous contract, from August 2024, was AED 63,000; the unit has been rented since February 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 535 sold for AED 1,025,000 to 1,060,000 in the last 12 months, around AED 1,020 per sqft.
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Mortgage on 505, MAG 535
Starts from the last sale price (AED 1.06M, 12 February 2026). Switch to today's estimate once you have unlocked it.- Price
- AED 1,060,000
- Deposit, UAE resident (20%)
- AED 212,000
- Deposit, non-resident (40%)
- AED 424,000
- Monthly over 25 years at 3.7%
- AED 4,337
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →