Unit 108, MAG 505: what it sold for and what it is worth now

Unit 108 at MAG 505 is a studio of 347 sq ft. It last sold for AED 220,000 on 7 May 2020. At AED 1,079 per sq ft, from 4 sales in the building in the last 24 months (studio), it is worth about AED 374,000 today.

Value todayAED 374,000AED 336,000 to AED 411,000
Last saleAED 220,0007 May 2020 · Resale
Change since last sale+70.0% 
Rent (median asking, studio)AED 47,500Gross yield 12.7%
Bedroomsstudio
Size347 sq ft
Floor1 (from the unit number)
Position in the towerStack 08: units ending 08 share the same layout and view
BuildingMAG 505 by MAG Property Development, handed over 2019
Registered sales of this unit1

Every registered sale of unit 108

DatePriceSizeAED/sq ftType
7 May 2020AED 220,000347 sq ft634Resale

Units ending 08 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
60818 Aug 2021AED 385,000349 sq ft1,103Off-plan

Latest studio sales in MAG 505

UnitDatePriceSizeAED/sq ftType
1165 Jun 2026AED 420,000410 sq ft1,024Resale
6163 Dec 2025AED 550,000410 sq ft1,341Resale
31715 Jan 2025AED 495,000437 sq ft1,133Resale
61718 Nov 2024AED 350,000437 sq ft801Resale
1227 Jun 2024AED 345,000360 sq ft958Resale
50225 Mar 2024AED 360,000389 sq ft925Resale
11528 Feb 2024AED 290,000410 sq ft707Resale
42221 Nov 2023AED 325,000360 sq ft903Resale

How we worked out the value

We took the 4 sales in MAG 505 in the last 24 months (studio), worked out the price per sq ft of each, and used the middle value (AED 1,079). We multiplied it by the size of this unit (347 sq ft). The range uses the middle half of those sales (AED 969 to AED 1,185 per sq ft). Floor, view, condition and upgrades can move the price either way. Sales data to 16 Jul 2026, from the Dubai Land Department register.

Questions

What is unit 108 at MAG 505 worth?

About AED 374,000 (range AED 336,000 to AED 411,000), based on AED 1,079 per sq ft from registered sales up to 16 Jul 2026.

When did unit 108 last sell?

7 May 2020, for AED 220,000 (resale). It has 1 registered sale.

What rent can unit 108 make?

A studio in MAG 505 rents for about AED 47,500 a year (median asking rent). That is a gross yield of 12.7% on the estimate.

Sales alert for MAG 505All sales in MAG 505

Unit 105 · Unit 111