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1-bed · 483 sqftMAG 505, Dubai South · 4th floor · completed 2020

406, MAG 505

Sold prices and rental history: sold once, by the developer in March 2018, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 406 · DLD and Ejari recordsUpdated 14 January 2025
Last soldAED 448K21 March 2018
Current rentAED 34K /yr14 January 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 406, MAG 505

What is 406 worth today?

Last sold for AED 448,000 in 2018

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14 Jan 2025RentedRenewal
AED 34,400/yr15 months · AED 73 per sqft
13 Jan 2024RentedRenewal
AED 25,930/yr12 months · AED 55 per sqft
14 Jan 2023RentedRenewal
AED 23,100/yr12 months · AED 49 per sqft
14 Jan 2022RentedRenewal
AED 23,100/yr12 months · AED 48 per sqft
21 Mar 2018Sold by developerOff-plan
AED 448,000AED 927 per sqft

Source: Dubai Land Department. Updated 14 January 2025.

Key facts

Type
1-bed apartment
Size
483 sqft
Floor
4th of 6
Parking
G-33
Developer
MAG
Completed
2020
Service charge
AED 7,900 /yr
Last sold
AED 448K · March 2018
Building
MAG 505

About 406, MAG 505

406 is a one-bedroom apartment of 483 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 21 March 2018 for AED 448,000, or AED 927 per sqft, in line with the AED 924 one-beds in the building were fetching at the time.

It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, renewed on 14 January 2025, is AED 34,400 a year: a gross yield of 7.7% on the 2018 price, before the service charge of about AED 7,900 a year.

Sales and rents for 406 over time

Sales
Unit 406, 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, March 2018: AED 448,000 (AED 927 per sqft)

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

Rents
Unit 406, 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 45,000Renewal, January 2022: AED 23,100 a yearRenewal, January 2023: AED 23,100 a yearRenewal, January 2024: AED 25,930 a yearRenewal, January 2025: AED 34,400 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 406 sits

All 59 1-beds →

406 last sold in March 2018 at AED 927 per sqft, in line with what one-beds in MAG 505 were fetching at the time (AED 924). 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. 406's AED 34,400 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
4041-bedAED 442K · Apr 2019
4052-bedAED 460K · Apr 2023
407StudioAED 380K · Sep 2019
408StudioAED 351K · Jul 2018
1–7 of 21

406, MAG 505 in numbers

  • Sold once: by MAG on 21 March 2018 for AED 448,000, or AED 927 per sqft.
  • Rented since January 2022 on 4 Ejari contracts, from AED 23,100 to AED 34,400 a year.
  • At AED 34,400 a year the gross yield on the 2018 price is 7.7%, before a service charge of about AED 7,900 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 14 January 2025.

Questions about 406, MAG 505

What did unit 406 last sell for?

AED 448,000 on 21 March 2018, sold by the developer: AED 927 per sqft for 483 sqft. It is the only registered sale of the unit.

What is the rent for unit 406?

AED 34,400 a year on the contract renewed on 14 January 2025. The previous contract, from January 2024, was AED 25,930; the unit has been rented since January 2022.

How big is unit 406?

483 sqft (44.9 sqm): a one-bedroom apartment on the 4th floor of a 6-storey tower completed in 2020.

What is unit 406 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 406, MAG 505

Starts from the last sale price (AED 448K, 21 March 2018). Switch to today's estimate once you have unlocked it.
Price
AED 448,000
Deposit, UAE resident (20%)
AED 89,600
Deposit, non-resident (40%)
AED 179,200
Monthly over 25 years at 3.7%
AED 1,833

Plus AED 21,726 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →