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1-bed · 638 sqftMAG 505, Dubai South · 5th floor · completed 2020

514, MAG 505

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

Unit 514 · DLD and Ejari recordsUpdated 15 June 2024
Last soldAED 479K9 July 2018
Current rentAED 40K /yr15 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 514, MAG 505

What is 514 worth today?

Last sold for AED 479,420 in 2018

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15 Jun 2024RentedRenewal
AED 40,000/yr12 months · AED 63 per sqft
15 Jun 2023RentedRenewal
AED 40,000/yr12 months · AED 63 per sqft
15 Jun 2022RentedNew contract
AED 28,000/yr12 months · AED 44 per sqft
25 Nov 2020RentedNew contract
AED 26,000/yr12 months · AED 41 per sqft
9 Jul 2018Sold by developerOff-plan
AED 479,420AED 751 per sqft

Source: Dubai Land Department. Updated 15 June 2024.

Key facts

Type
1-bed apartment
Size
638 sqft
Floor
5th of 6
Parking
G-102
Developer
MAG
Completed
2020
Service charge
AED 10,500 /yr
Last sold
AED 479K · July 2018
Building
MAG 505

About 514, MAG 505

514 is a one-bedroom apartment of 638 sqft on the 5th floor of MAG 505, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 9 July 2018 for AED 479,420, or AED 751 per sqft, 16% below the AED 891 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 15 June 2024, is AED 40,000 a year: a gross yield of 8.3% on the 2018 price, before the service charge of about AED 10,500 a year.

Sales and rents for 514 over time

Sales
Unit 514, 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, July 2018: AED 479,420 (AED 751 per sqft)

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

Rents
Unit 514, 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, November 2020: AED 26,000 a yearNew contract, June 2022: AED 28,000 a yearRenewal, June 2023: AED 40,000 a yearRenewal, June 2024: AED 40,000 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 514 sits

All 59 1-beds →

514 last sold in July 2018 at AED 751 per sqft, 16% below 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. 514's AED 40,000 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 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

514, MAG 505 in numbers

  • Sold once: by MAG on 9 July 2018 for AED 479,420, or AED 751 per sqft.
  • Rented since November 2020 on 4 Ejari contracts, from AED 26,000 to AED 40,000 a year.
  • At AED 40,000 a year the gross yield on the 2018 price is 8.3%, before a service charge of about AED 10,500 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 15 June 2024.

Questions about 514, MAG 505

What did unit 514 last sell for?

AED 479,420 on 9 July 2018, sold by the developer: AED 751 per sqft for 638 sqft. It is the only registered sale of the unit.

What is the rent for unit 514?

AED 40,000 a year on the contract renewed on 15 June 2024. The previous contract, from June 2023, was AED 40,000; the unit has been rented since November 2020.

How big is unit 514?

638 sqft (59.3 sqm): a one-bedroom apartment on the 5th floor of a 6-storey tower completed in 2020.

What is unit 514 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 514, MAG 505

Starts from the last sale price (AED 479K, 9 July 2018). Switch to today's estimate once you have unlocked it.
Price
AED 479,420
Deposit, UAE resident (20%)
AED 95,884
Deposit, non-resident (40%)
AED 191,768
Monthly over 25 years at 3.7%
AED 1,961

Plus AED 23,046 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →