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2-bed · 666 sqftMAG 560, Dubai South · 5th floor · completed 2020

505, MAG 560

Sold prices and rental history: sold once, by the developer in December 2017, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 505 · DLD and Ejari recordsUpdated 1 May 2025
Last soldAED 520K26 December 2017
Current rentAED 42K /yr1 May 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 505, MAG 560

What is 505 worth today?

Last sold for AED 520,000 in 2017

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1 May 2025RentedNew contract
AED 42,000/yr12 months · AED 63 per sqft
2 May 2023RentedRenewal
AED 33,000/yr12 months · AED 49 per sqft
2 Apr 2022RentedNew contract
AED 30,000/yr13 months · AED 45 per sqft
25 Jan 2021RentedNew contract
AED 28,000/yr12 months · AED 42 per sqft
26 Dec 2017Sold by developerOff-plan
AED 520,000AED 780 per sqft

Source: Dubai Land Department. Updated 1 May 2025.

Key facts

Type
2-bed apartment
Size
666 sqft
Floor
5th of 6
Parking
G-94
Developer
MAG
Completed
2020
Service charge
AED 11,800 /yr
Last sold
AED 520K · December 2017
Building
MAG 560

About 505, MAG 560

505 is a two-bedroom apartment of 666 sqft on the 5th floor of MAG 560, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 26 December 2017 for AED 520,000, or AED 780 per sqft.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, signed on 1 May 2025, is AED 42,000 a year: a gross yield of 8.1% on the 2017 price, before the service charge of about AED 11,800 a year.

Sales and rents for 505 over time

Sales
Unit 505, each saleTypical two-bed in MAG 560
475K500K525K2017201920212023Typical sale price by year: 2022 AED 469,714; 2023 AED 504,500Sold by developer, December 2017: AED 520,000 (AED 780 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 560
30K40K50K202120232025Typical rent by year: 2021 AED 28,000; 2022 AED 30,250; 2023 AED 41,500; 2024 AED 49,866; 2025 AED 49,725New contract, January 2021: AED 28,000 a yearNew contract, April 2022: AED 30,000 a yearRenewal, May 2023: AED 33,000 a yearNew contract, May 2025: AED 42,000 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 560, and where 505 sits

All 10 2-beds →
Recent 2-bed salesUnit no.Price (AED)Summary
23 Jul 2025750,000
17 Nov 2023580,000
4 Sep 2023510,000
27 Jul 2023499,000
0 2-bed sales in the last 12 months

MAG 560

Building

132 apartments, studios to 2-bed over 6 floors in Dubai South, completed in 2020 by MAG. 3 sold in the last 12 months.

Typical price per sqft
AED 1,121
Typical sale
AED 620K
Typical rent
AED 42K /yr
Typical yield
8.6%
MAG 560, Dubai South: prices, sales and rents →

Other units on the 5th floor

All 132 units in MAG 560
Value
5011-bedAED 530K · Nov 2017
502StudioAED 323K · Oct 2022
503StudioAED 350K · May 2024
5041-bedAED 443K · Aug 2017
5061-bedAED 448K · Jan 2018
507StudioAED 325K · Jul 2017
508StudioAED 330K · May 2024
1–7 of 21

505, MAG 560 in numbers

  • Sold once: by MAG on 26 December 2017 for AED 520,000, or AED 780 per sqft.
  • Rented since January 2021 on 4 Ejari contracts, from AED 28,000 to AED 42,000 a year.
  • At AED 42,000 a year the gross yield on the 2017 price is 8.1%, before a service charge of about AED 11,800 a year (AED 17.79 per sqft).

Source: Dubai Land Department. Updated 1 May 2025.

Questions about 505, MAG 560

What did unit 505 last sell for?

AED 520,000 on 26 December 2017, sold by the developer: AED 780 per sqft for 666 sqft. It is the only registered sale of the unit.

What is the rent for unit 505?

AED 42,000 a year on the contract signed on 1 May 2025. The previous contract, from May 2023, was AED 33,000; the unit has been rented since January 2021.

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 560

Starts from the last sale price (AED 520K, 26 December 2017). Switch to today's estimate once you have unlocked it.
Price
AED 520,000
Deposit, UAE resident (20%)
AED 104,000
Deposit, non-resident (40%)
AED 208,000
Monthly over 25 years at 3.7%
AED 2,127

Plus AED 26,850 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →