Home
Dubai prices
About
Research
2-bed · 666 sqftMAG 560, Dubai South · 5th floor · completed 2020

505, MAG 560

Sold prices and rental history: sold once, by the developer in December 2017, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 505 · DLD and Ejari recordsUpdated 1 May 2026
Last soldAED 520K26 December 2017
Current rentAED 44K /yr1 May 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 505

Property timeline for 505, MAG 560

What is 505 worth today?

Last sold for AED 520,000 in 2017

Unlock today's estimate, updated daily, with

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

1 May 2026RentedRenewal
AED 44,100/yr12 months · AED 66 per sqft
1 May 2025RentedNew contract
AED 42,000/yr12 months · AED 63 per sqft
2 May 2023RentedRenewal
AED 33,000/yr12 months · AED 49 per sqft
2 Apr 2022RentedNew contract
AED 30,000/yr13 months · AED 45 per sqft
25 Jan 2021RentedNew contract
AED 28,000/yr12 months · AED 42 per sqft
26 Dec 2017Sold by developerOff-plan
AED 520,000AED 780 per sqft

Source: Dubai Land Department. Updated 1 May 2026.

Key facts

Type
2-bed apartment
Size
666 sqft
Floor
5th of 6
Parking
G-94
Developer
MAG
Completed
2020
Service charge
AED 11,800 /yr
Last sold
AED 520K · December 2017
Building
MAG 560

About 505, MAG 560

505 is a two-bedroom apartment of 666 sqft on the 5th floor of MAG 560, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 26 December 2017 for AED 520,000, or AED 780 per sqft.

It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, renewed on 1 May 2026, is AED 44,100 a year: a gross yield of 8.5% on the 2017 price, before the service charge of about AED 11,800 a year.

Sales and rents for 505 over time

Sales
Unit 505, each saleTypical two-bed in MAG 560
600K2017202020232026Typical sale price by year: 2019 AED 571,860; 2022 AED 469,857; 2023 AED 504,500; 2025 AED 710,000Sold by developer, December 2017: AED 520,000 (AED 780 per sqft)

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

Rents
Unit 505, each contractTypical two-bed in MAG 560
40K2020202220242026Typical rent by year: 2020 AED 40,000; 2021 AED 30,500; 2022 AED 30,750; 2023 AED 41,000; 2024 AED 49,658; 2025 AED 50,000; 2026 AED 52,500New contract, January 2021: AED 28,000 a yearNew contract, April 2022: AED 30,000 a yearRenewal, May 2023: AED 33,000 a yearNew contract, May 2025: AED 42,000 a yearRenewal, May 2026: AED 44,100 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 560, and where 505 sits

All 12 2-beds →

505's AED 44,100 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
17 Sep 2025700,000
13 Aug 2025710,000
23 Jul 2025750,000
17 Nov 2023580,000
0 2-bed sales in the last 12 months

MAG 560

Building

132 apartments, studios to 2-bed over 6 floors in Dubai South, completed in 2020 by MAG. 4 sold in the last 12 months.

Typical price per sqft
AED 1,085
Typical sale
AED 558K
Typical rent
AED 42K /yr
Typical yield
8.5%
MAG 560, Dubai South: prices, sales and rents →

Other units on the 5th floor

All 132 units in MAG 560
Value
5011-bedAED 530K · Nov 2017
502StudioAED 323K · Oct 2022
503StudioAED 350K · May 2024
5041-bedAED 443K · Aug 2017
5061-bedAED 448K · Jan 2018
507StudioAED 325K · Jul 2017
508StudioAED 330K · May 2024
1–7 of 21

505, MAG 560 in numbers

  • Sold once: by MAG on 26 December 2017 for AED 520,000, or AED 780 per sqft.
  • Rented since January 2021 on 5 Ejari contracts, from AED 28,000 to AED 44,100 a year.
  • At AED 44,100 a year the gross yield on the 2017 price is 8.5%, before a service charge of about AED 11,800 a year (AED 17.79 per sqft).

Source: Dubai Land Department. Updated 1 May 2026.

Questions about 505, MAG 560

What did unit 505 last sell for?

AED 520,000 on 26 December 2017, sold by the developer: AED 780 per sqft for 666 sqft. It is the only registered sale of the unit.

What is the rent for unit 505?

AED 44,100 a year on the contract renewed on 1 May 2026. The previous contract, from May 2025, was AED 42,000; the unit has been rented since January 2021.

How big is unit 505?

666 sqft (61.9 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.

Selling 505? 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 505, MAG 560

Starts from the last sale price (AED 520K, 26 December 2017). Switch to today's estimate once you have unlocked it.
Price
AED 520,000
Deposit, UAE resident (20%)
AED 104,000
Deposit, non-resident (40%)
AED 208,000
Monthly over 25 years at 3.7%
AED 2,127

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