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1-bed · 638 sqftMAG 505, Dubai South · 3rd floor · completed 2020

314, MAG 505

Sold prices and rental history: sold twice, last in July 2024, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 314 · DLD and Ejari recordsUpdated 24 August 2025
Last soldAED 495K12 July 2024
Current rentAED 56K /yr24 August 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 314, MAG 505

What is 314 worth today?

Last sold for AED 495,000 in 2024

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24 Aug 2025RentedRenewal
AED 56,000/yr12 months · AED 88 per sqft
12 Jul 2024SoldReady
AED 495,000AED 776 per sqft
1 Oct 2022RentedNew contract
AED 30,000/yr12 months · AED 47 per sqft
14 Sep 2022Sold by developerReady
AED 450,837AED 707 per sqft

Source: Dubai Land Department. Updated 24 August 2025.

Key facts

Type
1-bed apartment
Size
638 sqft
Floor
3rd of 6
Parking
G-58
Developer
MAG
Completed
2020
Service charge
AED 10,500 /yr
Last sold
AED 495K · July 2024
Building
MAG 505

About 314, MAG 505

314 is a one-bedroom apartment of 638 sqft on the 3rd floor of MAG 505, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 12 July 2024 for AED 495,000, or AED 776 per sqft, in line with the AED 778 one-beds in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, renewed on 24 August 2025, is AED 56,000 a year: a gross yield of 11.3% on the 2024 price, before the service charge of about AED 10,500 a year.

Sales and rents for 314 over time

Sales
Unit 314, each saleTypical one-bed in MAG 505
400K500K600K20182020202220242026Typical sale price by year: 2018 AED 452,000; 2019 AED 478,240; 2020 AED 448,001; 2022 AED 455,485; 2023 AED 400,418; 2024 AED 495,000; 2025 AED 570,000Sold by developer, September 2022: AED 450,837 (AED 707 per sqft)Sold, July 2024: AED 495,000 (AED 776 per sqft)

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

Rents
Unit 314, each contractTypical one-bed in MAG 505
20K40K60K2020202220242026Typical rent by year: 2020 AED 23,500; 2021 AED 23,000; 2022 AED 26,000; 2023 AED 28,500; 2024 AED 40,000; 2025 AED 46,200; 2026 AED 45,000New contract, October 2022: AED 30,000 a yearRenewal, August 2025: AED 56,000 a year

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 314 sits

All 59 1-beds →

314 last sold in July 2024 at AED 776 per sqft, in line with what one-beds in MAG 505 were fetching at the time (AED 778). 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. 314's AED 56,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
20 Jan 2026600,000
22 Oct 2025570,000
16 Jul 2025550,000
4 Jan 2025620,000
1 1-bed sale in the last 12 months

MAG 505

Building

132 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%
MAG 505, Dubai South: prices, sales and rents →

Other units on the 3rd floor

All 132 units in MAG 505
Value
3011-bedAED 620K · Jan 2025
302StudioAED 364K · Sep 2019
303StudioAED 290K · Apr 2018
3041-bedAED 442K · May 2018
3052-bedAED 562K · Aug 2019
3061-bedAED 458K · Jun 2018
307StudioAED 380K · May 2019
1–7 of 21

314, MAG 505 in numbers

  • Sold twice: first on 14 September 2022 for AED 450,837, last on 12 July 2024 for AED 495,000 (AED 776 per sqft).
  • Rented since October 2022 on 2 Ejari contracts, from AED 30,000 to AED 56,000 a year.
  • At AED 56,000 a year the gross yield on the 2024 price is 11.3%, before a service charge of about AED 10,500 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 24 August 2025.

Questions about 314, MAG 505

What did unit 314 last sell for?

AED 495,000 on 12 July 2024: AED 776 per sqft for 638 sqft. The unit has 2 registered sales; the first was AED 450,837 in September 2022.

What is the rent for unit 314?

AED 56,000 a year on the contract renewed on 24 August 2025. The previous contract, from October 2022, was AED 30,000.

How big is unit 314?

638 sqft (59.3 sqm): a one-bedroom apartment on the 3rd floor of a 6-storey tower completed in 2020.

What is unit 314 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 314, MAG 505

Starts from the last sale price (AED 495K, 12 July 2024). Switch to today's estimate once you have unlocked it.
Price
AED 495,000
Deposit, UAE resident (20%)
AED 99,000
Deposit, non-resident (40%)
AED 198,000
Monthly over 25 years at 3.7%
AED 2,025

Plus AED 23,700 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →