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1-bed · 478 sqftMAG 505, Dubai South · 4th floor · completed 2020

404, MAG 505

Sold prices and rental history: sold once, by the developer in April 2019, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 404 · DLD and Ejari recordsUpdated 20 February 2025
Last soldAED 442K2 April 2019
Current rentAED 40K /yr20 February 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 404, MAG 505

What is 404 worth today?

Last sold for AED 442,000 in 2019

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20 Feb 2025RentedRenewal
AED 40,435/yr12 months · AED 85 per sqft
2 Feb 2024RentedRenewal
AED 28,500/yr12 months · AED 60 per sqft
2 Feb 2023RentedRenewal
AED 26,000/yr12 months · AED 55 per sqft
1 Dec 2021RentedNew contract
AED 24,000/yr14 months · AED 51 per sqft
2 Apr 2019Sold by developerOff-plan
AED 442,000AED 924 per sqft

Source: Dubai Land Department. Updated 20 February 2025.

Key facts

Type
1-bed apartment
Size
478 sqft
Floor
4th of 6
Parking
G-70
Developer
MAG
Completed
2020
Service charge
AED 7,800 /yr
Last sold
AED 442K · April 2019
Building
MAG 505

About 404, MAG 505

404 is a one-bedroom apartment of 478 sqft on the 4th floor of MAG 505, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 2 April 2019 for AED 442,000, or AED 924 per sqft, 4% above the AED 891 one-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, renewed on 20 February 2025, is AED 40,435 a year: a gross yield of 9.2% on the 2019 price, before the service charge of about AED 7,800 a year.

Sales and rents for 404 over time

Sales
Unit 404, 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, April 2019: AED 442,000 (AED 924 per sqft)

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

Rents
Unit 404, 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, December 2021: AED 24,000 a yearRenewal, February 2023: AED 26,000 a yearRenewal, February 2024: AED 28,500 a yearRenewal, February 2025: AED 40,435 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 404 sits

All 59 1-beds →

404 last sold in April 2019 at AED 924 per sqft, 4% above what one-beds in MAG 505 were fetching at the time (AED 891). 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. 404's AED 40,435 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 4th floor

All 132 units in MAG 505
Value
4011-bedAED 523K · Apr 2018
402StudioAED 361K · Apr 2018
403StudioAED 385K · Jul 2018
4052-bedAED 460K · Apr 2023
4061-bedAED 448K · Mar 2018
407StudioAED 380K · Sep 2019
408StudioAED 351K · Jul 2018
1–7 of 21

404, MAG 505 in numbers

  • Sold once: by MAG on 2 April 2019 for AED 442,000, or AED 924 per sqft.
  • Rented since December 2021 on 4 Ejari contracts, from AED 24,000 to AED 40,435 a year.
  • At AED 40,435 a year the gross yield on the 2019 price is 9.2%, 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 20 February 2025.

Questions about 404, MAG 505

What did unit 404 last sell for?

AED 442,000 on 2 April 2019, 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 404?

AED 40,435 a year on the contract renewed on 20 February 2025. The previous contract, from February 2024, was AED 28,500; the unit has been rented since December 2021.

How big is unit 404?

478 sqft (44.4 sqm): a one-bedroom apartment on the 4th floor of a 6-storey tower completed in 2020.

What is unit 404 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 404, MAG 505

Starts from the last sale price (AED 442K, 2 April 2019). 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 →