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2-bed · 666 sqftMAG 555, Dubai South · 5th floor · completed 2020

505, MAG 555

Sold prices and rental history: sold once, by the developer in July 2017, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 505 · DLD and Ejari recordsUpdated 2 June 2025
Last soldAED 500K23 July 2017
Current rentAED 47K /yr2 June 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 505, MAG 555

What is 505 worth today?

Last sold for AED 500,000 in 2017

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2 Jun 2025RentedRenewal
AED 46,620/yr12 months · AED 71 per sqft
2 Jun 2024RentedRenewal
AED 44,400/yr12 months · AED 68 per sqft
2 Jun 2023RentedNew contract
AED 37,000/yr12 months · AED 55 per sqft
2 Jun 2022RentedRenewal
AED 32,000/yr12 months · AED 48 per sqft
2 Jun 2021RentedNew contract
AED 30,000/yr12 months · AED 45 per sqft
15 Apr 2020RentedNew contract
AED 35,000/yr12 months · AED 52 per sqft
23 Jul 2017Sold by developerOff-plan
AED 500,000AED 750 per sqft

Source: Dubai Land Department. Updated 2 June 2025.

Key facts

Type
2-bed apartment
Size
666 sqft
Floor
5th of 6
Parking
G-93
Developer
MAG
Completed
2020
Service charge
AED 10,000 /yr
Last sold
AED 500K · July 2017
Building
MAG 555

About 505, MAG 555

505 is a two-bedroom apartment of 666 sqft on the 5th floor of MAG 555, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 23 July 2017 for AED 500,000, or AED 750 per sqft.

It has been rented continuously since 2020 on 6 Ejari contracts. The current contract, renewed on 2 June 2025, is AED 46,620 a year: a gross yield of 9.3% on the 2017 price, before the service charge of about AED 10,000 a year.

Sales and rents for 505 over time

Sales
Unit 505, each saleTypical two-bed in MAG 555
500K550K600K2017201820192020Typical sale price by year: 2017 AED 577,500; 2018 AED 580,000; 2019 AED 594,950Sold by developer, July 2017: AED 500,000 (AED 750 per sqft)

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

Rents
Unit 505, each contractTypical two-bed in MAG 555
40K60K2020202220242026Typical rent by year: 2020 AED 32,000; 2021 AED 30,000; 2022 AED 33,500; 2023 AED 42,500; 2024 AED 60,000; 2025 AED 61,000New contract, April 2020: AED 35,000 a yearNew contract, June 2021: AED 30,000 a yearRenewal, June 2022: AED 32,000 a yearNew contract, June 2023: AED 37,000 a yearRenewal, June 2024: AED 44,400 a yearRenewal, June 2025: AED 46,620 a year

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

2-beds in MAG 555, and where 505 sits

All 12 2-beds →

505's AED 46,620 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
31 Jul 2023555,000
28 Dec 2022413,460
15 Jul 2021469,388
7 Nov 2019497,000
0 2-bed sales in the last 12 months

MAG 555

Building

129 apartments, studios to 2-bed over 6 floors in Dubai South, completed in 2020 by MAG. 5 sold in the last 12 months.

Typical price per sqft
AED 1,315
Typical sale
AED 540K
Typical rent
AED 44K /yr
Typical yield
7.4%
MAG 555, Dubai South: prices, sales and rents →

Other units on the 5th floor

All 129 units in MAG 555
Value
5011-bedAED 533K · Dec 2017
502StudioAED 360K · Sep 2017
503StudioAED 336K · Jul 2019
5041-bedAED 440K · Nov 2019
5061-bedAED 600K · Jul 2025
507StudioAED 360K · Sep 2017
508StudioAED 450K · Apr 2025
1–7 of 21

505, MAG 555 in numbers

  • Sold once: by MAG on 23 July 2017 for AED 500,000, or AED 750 per sqft.
  • Rented since April 2020 on 6 Ejari contracts. The rent fell from AED 35,000 to AED 30,000 in 2021 and recovered to AED 46,620 by June 2025.
  • At AED 46,620 a year the gross yield on the 2017 price is 9.3%, before a service charge of about AED 10,000 a year (AED 14.96 per sqft).

Source: Dubai Land Department. Updated 2 June 2025.

Questions about 505, MAG 555

What did unit 505 last sell for?

AED 500,000 on 23 July 2017, sold by the developer: AED 750 per sqft for 666 sqft. It is the only registered sale of the unit.

What is the rent for unit 505?

AED 46,620 a year on the contract renewed on 2 June 2025. The previous contract, from June 2024, was AED 44,400; the unit has been rented since April 2020.

How big is unit 505?

666 sqft (61.9 sqm): a two-bedroom apartment on the 5th floor of a 6-storey tower completed in 2020.

What is unit 505 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 505, MAG 555

Starts from the last sale price (AED 500K, 23 July 2017). Switch to today's estimate once you have unlocked it.
Price
AED 500,000
Deposit, UAE resident (20%)
AED 100,000
Deposit, non-resident (40%)
AED 200,000
Monthly over 25 years at 3.7%
AED 2,046

Plus AED 26,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →