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1-bed · 514 sqftMAG 505, Dubai South · 3rd floor · completed 2020

319, MAG 505

Sold prices and rental history: sold once, by the developer in May 2018, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 319 · DLD and Ejari recordsUpdated 5 August 2024
Last soldAED 470K31 May 2018
Current rentAED 42K /yr5 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 319, MAG 505

What is 319 worth today?

Last sold for AED 470,000 in 2018

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5 Aug 2024RentedNew contract
AED 41,538/yr13 months · AED 81 per sqft
15 Jul 2022RentedNew contract
AED 26,250/yr12 months · AED 51 per sqft
1 Jul 2021RentedRenewal
AED 22,000/yr12 months · AED 43 per sqft
1 Jul 2020RentedNew contract
AED 22,000/yr12 months · AED 43 per sqft
31 May 2018Sold by developerOff-plan
AED 470,000AED 914 per sqft

Source: Dubai Land Department. Updated 5 August 2024.

Key facts

Type
1-bed apartment
Size
514 sqft
Floor
3rd of 6
Parking
G-63
Developer
MAG
Completed
2020
Service charge
AED 8,400 /yr
Last sold
AED 470K · May 2018
Building
MAG 505

About 319, MAG 505

319 is a one-bedroom apartment of 514 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 31 May 2018 for AED 470,000, or AED 914 per sqft, in line with the AED 914 one-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, signed on 5 August 2024, is AED 41,538 a year: a gross yield of 8.8% on the 2018 price, before the service charge of about AED 8,400 a year.

Sales and rents for 319 over time

Sales
Unit 319, 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, May 2018: AED 470,000 (AED 914 per sqft)

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

Rents
Unit 319, each contractTypical one-bed in MAG 505
20K40K2020202220242026Typical 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, July 2020: AED 22,000 a yearRenewal, July 2021: AED 22,000 a yearNew contract, July 2022: AED 26,250 a yearNew contract, August 2024: AED 41,538 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 319 sits

All 59 1-beds →

319 last sold in May 2018 at AED 914 per sqft, in line with what one-beds in MAG 505 were fetching at the time (AED 914). 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. 319's AED 41,538 is in the lower 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

319, MAG 505 in numbers

  • Sold once: by MAG on 31 May 2018 for AED 470,000, or AED 914 per sqft.
  • Rented since July 2020 on 4 Ejari contracts, from AED 22,000 to AED 41,538 a year.
  • At AED 41,538 a year the gross yield on the 2018 price is 8.8%, before a service charge of about AED 8,400 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 5 August 2024.

Questions about 319, MAG 505

What did unit 319 last sell for?

AED 470,000 on 31 May 2018, sold by the developer: AED 914 per sqft for 514 sqft. It is the only registered sale of the unit.

What is the rent for unit 319?

AED 41,538 a year on the contract signed on 5 August 2024. The previous contract, from July 2022, was AED 26,250; the unit has been rented since July 2020.

How big is unit 319?

514 sqft (47.8 sqm): a one-bedroom apartment on the 3rd floor of a 6-storey tower completed in 2020.

What is unit 319 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 319, MAG 505

Starts from the last sale price (AED 470K, 31 May 2018). Switch to today's estimate once you have unlocked it.
Price
AED 470,000
Deposit, UAE resident (20%)
AED 94,000
Deposit, non-resident (40%)
AED 188,000
Monthly over 25 years at 3.7%
AED 1,923

Plus AED 22,650 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →