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Studio · 437 sqftMAG 505, Dubai South · 4th floor · completed 2020

418, MAG 505

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

Unit 418 · DLD and Ejari recordsUpdated 10 November 2024
Last soldAED 396K6 September 2018
Current rentAED 22K /yr10 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 418, MAG 505

What is 418 worth today?

Last sold for AED 396,000 in 2018

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10 Nov 2024RentedRenewal
AED 22,099/yr13 months · AED 51 per sqft
11 Nov 2022RentedRenewal
AED 18,000/yr12 months · AED 42 per sqft
11 Nov 2021RentedNew contract
AED 18,000/yr12 months · AED 41 per sqft
7 Nov 2020RentedNew contract
AED 18,000/yr12 months · AED 41 per sqft
6 Sep 2018Sold by developerOff-plan
AED 396,000AED 906 per sqft

Source: Dubai Land Department. Updated 10 November 2024.

Key facts

Type
Studio apartment
Size
437 sqft
Floor
4th of 6
Parking
G-84
Developer
MAG
Completed
2020
Service charge
AED 7,200 /yr
Last sold
AED 396K · September 2018
Building
MAG 505

About 418, MAG 505

418 is a studio of 437 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 6 September 2018 for AED 396,000, or AED 906 per sqft, 5% below the AED 953 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, renewed on 10 November 2024, is AED 22,099 a year: a gross yield of 5.6% on the 2018 price, before the service charge of about AED 7,200 a year.

Sales and rents for 418 over time

Sales
Unit 418, each saleTypical studio in MAG 505
300K400K2018202020222024Typical sale price by year: 2018 AED 388,474; 2019 AED 378,280; 2020 AED 375,000; 2021 AED 252,350; 2023 AED 312,500; 2024 AED 347,500Sold by developer, September 2018: AED 396,000 (AED 906 per sqft)

418 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 418, each contractTypical studio in MAG 505
20K40K2020202220242026Typical rent by year: 2020 AED 18,000; 2021 AED 18,000; 2022 AED 20,000; 2023 AED 24,000; 2024 AED 32,000; 2025 AED 37,000; 2026 AED 42,000New contract, November 2020: AED 18,000 a yearNew contract, November 2021: AED 18,000 a yearRenewal, November 2022: AED 18,000 a yearRenewal, November 2024: AED 22,099 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in MAG 505, and where 418 sits

All 60 studios →

418 last sold in September 2018 at AED 906 per sqft, 5% below what studios in MAG 505 were fetching at the time (AED 953). Over the last 12 months studios sold for AED 550,000, around AED 1,340 per sqft, and rent for AED 26,000 to 44,000 a year. 418's AED 22,099 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
3 Dec 2025550,000
15 Jan 2025495,000
18 Nov 2024350,000
7 Jun 2024345,000
1 studio 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
4061-bedAED 448K · Mar 2018
407StudioAED 380K · Sep 2019
1–7 of 21

418, MAG 505 in numbers

  • Sold once: by MAG on 6 September 2018 for AED 396,000, or AED 906 per sqft.
  • Rented since November 2020 on 4 Ejari contracts, from AED 18,000 to AED 22,099 a year.
  • At AED 22,099 a year the gross yield on the 2018 price is 5.6%, before a service charge of about AED 7,200 a year (AED 16.40 per sqft).
  • Studios in MAG 505 sold for AED 550,000–550,000 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 10 November 2024.

Questions about 418, MAG 505

What did unit 418 last sell for?

AED 396,000 on 6 September 2018, sold by the developer: AED 906 per sqft for 437 sqft. It is the only registered sale of the unit.

What is the rent for unit 418?

AED 22,099 a year on the contract renewed on 10 November 2024. The previous contract, from November 2022, was AED 18,000; the unit has been rented since November 2020.

How big is unit 418?

437 sqft (40.6 sqm): a studio on the 4th floor of a 6-storey tower completed in 2020.

What is unit 418 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in MAG 505 sold for AED 550,000 to 550,000 in the last 12 months, around AED 1,340 per sqft.

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Mortgage on 418, MAG 505

Starts from the last sale price (AED 396K, 6 September 2018). Switch to today's estimate once you have unlocked it.
Price
AED 396,000
Deposit, UAE resident (20%)
AED 79,200
Deposit, non-resident (40%)
AED 158,400
Monthly over 25 years at 3.7%
AED 1,620

Plus AED 19,542 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →