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1-bed · 478 sqftMAG 505, Dubai South · 5th floor · completed 2020

509, MAG 505

Sold prices and rental history: sold twice, last in December 2022, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 509 · DLD and Ejari recordsUpdated 28 September 2023
Last soldAED 300K6 December 2022
Current rentAED 25K /yr28 September 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 509, MAG 505

What is 509 worth today?

Last sold for AED 300,000 in 2022

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28 Sep 2023RentedRenewal
AED 24,965/yr24 months · AED 52 per sqft
6 Dec 2022SoldReady
AED 300,000AED 627 per sqft
28 Sep 2022RentedRenewal
AED 25,000/yr12 months · AED 52 per sqft
28 Sep 2021RentedNew contract
AED 25,000/yr12 months · AED 52 per sqft
10 Aug 2020RentedNew contract
AED 23,000/yr12 months · AED 48 per sqft
12 Apr 2018Sold by developerOff-plan
AED 448,000AED 936 per sqft

Source: Dubai Land Department. Updated 28 September 2023.

Key facts

Type
1-bed apartment
Size
478 sqft
Floor
5th of 6
Parking
G-97
Developer
MAG
Completed
2020
Service charge
AED 7,800 /yr
Last sold
AED 300K · December 2022
Building
MAG 505

About 509, MAG 505

509 is a one-bedroom apartment of 478 sqft on the 5th floor of MAG 505, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 6 December 2022 for AED 300,000, or AED 627 per sqft, 11% below the AED 707 one-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, renewed on 28 September 2023, is AED 24,965 a year: a gross yield of 8.3% on the 2022 price, before the service charge of about AED 7,800 a year.

Sales and rents for 509 over time

Sales
Unit 509, each saleTypical one-bed in MAG 505
400K600K20182020202220242026Typical 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 2018: AED 448,000 (AED 936 per sqft)Sold, December 2022: AED 300,000 (AED 627 per sqft)

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

Rents
Unit 509, 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, August 2020: AED 23,000 a yearNew contract, September 2021: AED 25,000 a yearRenewal, September 2022: AED 25,000 a yearRenewal, September 2023: AED 24,965 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 509 sits

All 59 1-beds →

509 last sold in December 2022 at AED 627 per sqft, 11% below what one-beds in MAG 505 were fetching at the time (AED 707). 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. 509's AED 24,965 is at the bottom 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 5th floor

All 132 units in MAG 505
Value
5011-bedAED 530K · Jul 2018
502StudioAED 360K · Mar 2024
503StudioAED 300K · Aug 2023
5041-bedAED 442K · May 2019
5052-bedAED 555K · Sep 2018
5061-bedAED 550K · Jul 2025
507StudioAED 391K · Mar 2018
1–7 of 21

509, MAG 505 in numbers

  • Sold twice: first on 12 April 2018 for AED 448,000, last on 6 December 2022 for AED 300,000 (AED 627 per sqft).
  • Rented since August 2020 on 4 Ejari contracts, from AED 23,000 to AED 24,965 a year.
  • At AED 24,965 a year the gross yield on the 2022 price is 8.3%, 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 28 September 2023.

Questions about 509, MAG 505

What did unit 509 last sell for?

AED 300,000 on 6 December 2022: AED 627 per sqft for 478 sqft. The unit has 2 registered sales; the first was AED 448,000 in April 2018.

What is the rent for unit 509?

AED 24,965 a year on the contract renewed on 28 September 2023. The previous contract, from September 2022, was AED 25,000; the unit has been rented since August 2020.

How big is unit 509?

478 sqft (44.4 sqm): a one-bedroom apartment on the 5th floor of a 6-storey tower completed in 2020.

What is unit 509 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 509, MAG 505

Starts from the last sale price (AED 300K, 6 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 300,000
Deposit, UAE resident (20%)
AED 60,000
Deposit, non-resident (40%)
AED 120,000
Monthly over 25 years at 3.7%
AED 1,227

Plus AED 15,510 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →