309, MAG 505
Sold prices and rental history: sold once, by the developer in March 2018, 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 309, MAG 505
What is 309 worth today?
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Source: Dubai Land Department. Updated 15 August 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 478 sqft
- Floor
- 3rd of 6
- Parking
- G-53
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 7,800 /yr
- Last sold
- AED 442K · March 2018
- Building
- MAG 505
About 309, MAG 505
309 is a one-bedroom apartment of 478 sqft on the 3rd floor of MAG 505, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 8 March 2018 for AED 442,000, or AED 924 per sqft.
It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, signed on 15 August 2024, is AED 43,882 a year: a gross yield of 9.9% on the 2018 price, before the service charge of about AED 7,800 a year.
Sales and rents for 309 over time
309 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in MAG 505, and where 309 sits
All 59 1-beds →Over the last 12 months one-beds sold for AED 600,000, around AED 1,254 per sqft, and rent for AED 25,000 to 72,000 a year. 309's AED 43,882 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 20 Jan 202620 January 2026 | 478 sqft | 600,000 | 1,254 | ||
| 22 Oct 202522 October 2025 | 514 sqft | 570,000 | 1,109 | ||
| 16 Jul 202516 July 2025 | 483 sqft | 550,000 | 1,138 | ||
| 4 Jan 20254 January 2025 | 628 sqft | 620,000 | 986 |
MAG 505
Building132 apartments, studios to 2-bed over 6 floors in Dubai South, completed in 2020 by MAG. 2 sold in the last 12 months.
- Typical price per sqft
- AED 1,297
- Typical sale
- AED 575K
- Typical rent
- AED 42K /yr
- Typical yield
- 7.4%
Other units on the 3rd floor
All 132 units in MAG 505| ValueToday's value | |||||
|---|---|---|---|---|---|
| 301 | 1-bed | 628 sqft | AED 620KAED 620,000 · Jan 2025January 2025 | 30,000 /yr | |
| 302 | Studio | 387 sqft | AED 364KAED 364,230 · Sep 2019September 2019 | 38,000 /yr | |
| 303 | Studio | 365 sqft | AED 290KAED 290,000 · Apr 2018April 2018 | 38,500 /yr | |
| 304 | 1-bed | 478 sqft | AED 442KAED 442,000 · May 2018May 2018 | 28,000 /yr | |
| 305 | 2-bed | 668 sqft | AED 562KAED 562,366 · Aug 2019August 2019 | 50,000 /yr | |
| 306 | 1-bed | 483 sqft | AED 458KAED 458,000 · Jun 2018June 2018 | 26,000 /yr | |
| 307 | Studio | 387 sqft | AED 380KAED 380,000 · May 2019May 2019 | ||
| 308 | Studio | 347 sqft | AED 350KAED 350,000 · Sep 2019September 2019 | 40,000 /yr | |
| 310 | 2-bed | 666 sqft | AED 562KAED 562,000 · Nov 2019November 2019 | 55,000 /yr | |
| 311 | 1-bed | 483 sqft | AED 448KAED 448,001 · Mar 2020March 2020 | 46,000 /yr | |
| 312 | 1-bed | 656 sqft | AED 534KAED 534,482 · Jul 2018July 2018 | 48,000 /yr | |
| 313 | 1-bed | 622 sqft | AED 485KAED 485,000 · Dec 2023December 2023 | 30,000 /yr | |
| 314 | 1-bed | 638 sqft | AED 495KAED 495,000 · Jul 2024July 2024 | 56,000 /yr | |
| 315 | Studio | 410 sqft | AED 380KAED 380,000 · Jul 2018July 2018 | 32,000 /yr | |
| 316 | Studio | 410 sqft | AED 380KAED 380,000 · Apr 2018April 2018 | 44,000 /yr | |
| 317 | Studio | 437 sqft | AED 495KAED 495,000 · Jan 2025January 2025 | 25,000 /yr | |
| 318 | Studio | 437 sqft | AED 390KAED 390,000 · Jul 2019July 2019 | ||
| 319 | 1-bed | 514 sqft | AED 470KAED 470,000 · May 2018May 2018 | 41,538 /yr | |
| 320 | 1-bed | 514 sqft | AED 495KAED 495,000 · Nov 2024November 2024 | 37,000 /yr | |
| 321 | Studio | 360 sqft | AED 374KAED 374,360 · Feb 2020February 2020 | 28,000 /yr | |
| 322 | Studio | 360 sqft | AED 353KAED 353,000 · May 2018May 2018 | 34,000 /yr |
309, MAG 505 in numbers
- Sold once: by MAG on 8 March 2018 for AED 442,000, or AED 924 per sqft.
- Rented since July 2020 on 4 Ejari contracts, from AED 22,000 to AED 43,882 a year.
- At AED 43,882 a year the gross yield on the 2018 price is 9.9%, before a service charge of about AED 7,800 a year (AED 16.40 per sqft).
- One-beds in MAG 505 sold for AED 600,000–600,000 in the 12 months to November 2026; the building's median across all types is AED 1,297 per sqft.
Source: Dubai Land Department. Updated 15 August 2024.
Questions about 309, MAG 505
What did unit 309 last sell for?
AED 442,000 on 8 March 2018, sold by the developer: AED 924 per sqft for 478 sqft. It is the only registered sale of the unit.
What is the rent for unit 309?
AED 43,882 a year on the contract signed on 15 August 2024. The previous contract, from July 2023, was AED 29,000; the unit has been rented since July 2020.
How big is unit 309?
478 sqft (44.4 sqm): a one-bedroom apartment on the 3rd floor of a 6-storey tower completed in 2020.
What is unit 309 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in MAG 505 sold for AED 600,000 to 600,000 in the last 12 months, around AED 1,254 per sqft.
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Mortgage on 309, MAG 505
Starts from the last sale price (AED 442K, 8 March 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 442,000
- Deposit, UAE resident (20%)
- AED 88,400
- Deposit, non-resident (40%)
- AED 176,800
- Monthly over 25 years at 3.7%
- AED 1,808
Plus AED 21,474 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →