503, MAG 545
Sold prices and rental history: sold once, by the developer in November 2016, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 503, MAG 545
What is 503 worth today?
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Source: Dubai Land Department. Updated 1 January 2025.
Key facts
- Type
- Studio apartment
- Size
- 473 sqft
- Floor
- 5th of 6
- Parking
- G-61
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 6,700 /yr
- Last sold
- AED 391K · November 2016
- Building
- MAG 545
About 503, MAG 545
503 is a studio of 473 sqft on the 5th floor of MAG 545, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 30 November 2016 for AED 390,555, or AED 825 per sqft, in line with the AED 825 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 1 January 2025, is AED 26,450 a year: a gross yield of 6.8% on the 2016 price, before the service charge of about AED 6,700 a year.
Sales and rents for 503 over time
503 has sold once; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in MAG 545, and where 503 sits
All 11 studios →503 last sold in November 2016 at AED 825 per sqft, in line with what studios in MAG 545 were fetching at the time (AED 825). 503's AED 26,450 is at the bottom of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 3 Oct 20243 October 2024 | 473 sqft | 400,000 | 844 | ||
| 29 Apr 202429 April 2024 | 473 sqft | 383,000 | 809 | ||
| 21 Mar 202421 March 2024 | 473 sqft | 385,000 | 813 | ||
| 31 Jul 202331 July 2023 | 473 sqft | 366,374 | 773 |
MAG 545
Building86 apartments, studios to 3-bed over 6 floors in Dubai South, completed in 2020 by MAG. 1 sold in the last 12 months.
- Typical price per sqft
- AED 1,136
- Typical sale
- AED 720K
- Typical rent
- AED 55K /yr
- Typical yield
- 7.3%
Other units on the 5th floor
All 86 units in MAG 545| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,041 sqft | AED 781KAED 781,049 · May 2018May 2018 | ||
| 502 | 1-bed | 667 sqft | AED 526KAED 525,555 · Jul 2016July 2016 | 53,000 /yr | |
| 504 | 1-bed | 638 sqft | AED 546KAED 545,555 · Jul 2016July 2016 | 55,000 /yr | |
| 505 | 2-bed | 1,008 sqft | No registered sale | 75,000 /yr | |
| 506 | 1-bed | 667 sqft | AED 526KAED 525,555 · Aug 2016August 2016 | 55,000 /yr | |
| 507 | Studio | 473 sqft | AED 400KAED 400,000 · Oct 2024October 2024 | 27,000 /yr | |
| 508 | 1-bed | 638 sqft | AED 405KAED 404,513 · May 2024May 2024 | 60,000 /yr | |
| 509 | 1-bed | 639 sqft | AED 635KAED 635,000 · Nov 2025November 2025 | 40,000 /yr | |
| 510 | 1-bed | 638 sqft | AED 521KAED 520,555 · Oct 2016October 2016 | 53,000 /yr | |
| 511 | 1-bed | 634 sqft | AED 720KAED 720,000 · Dec 2025December 2025 | 30,000 /yr | |
| 512 | 1-bed | 637 sqft | AED 180KAED 180,000 · May 2020May 2020 | 30,000 /yr | |
| 513 | 2-bed | 966 sqft | No registered sale | 65,000 /yr | |
| 514 | 2-bed | 966 sqft | No registered sale | 75,000 /yr |
503, MAG 545 in numbers
- Sold once: by MAG on 30 November 2016 for AED 390,555, or AED 825 per sqft.
- Rented since June 2020 on 4 Ejari contracts, from AED 20,000 to AED 26,450 a year.
- At AED 26,450 a year the gross yield on the 2016 price is 6.8%, before a service charge of about AED 6,700 a year (AED 14.21 per sqft).
Source: Dubai Land Department. Updated 1 January 2025.
Questions about 503, MAG 545
What did unit 503 last sell for?
AED 390,555 on 30 November 2016, sold by the developer: AED 825 per sqft for 473 sqft. It is the only registered sale of the unit.
What is the rent for unit 503?
AED 26,450 a year on the contract renewed on 1 January 2025. The previous contract, from January 2023, was AED 23,000; the unit has been rented since June 2020.
How big is unit 503?
473 sqft (43.9 sqm): a studio on the 5th floor of a 6-storey tower completed in 2020.
What is unit 503 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 503, MAG 545
Starts from the last sale price (AED 391K, 30 November 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 390,555
- Deposit, UAE resident (20%)
- AED 78,111
- Deposit, non-resident (40%)
- AED 156,222
- Monthly over 25 years at 3.7%
- AED 1,598
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →