Unit 112, MAG 505: what it sold for and what it is worth now

Unit 112 at MAG 505 is a 1 bed of 656 sq ft. It last sold for AED 460,000 on 26 Jan 2022. At AED 1,114 per sq ft, from 6 sales in the building in the last 12 months (1 bed), it is worth about AED 731,000 today.

Value todayAED 731,000AED 727,000 to AED 744,000
Last saleAED 460,00026 Jan 2022 · Resale
Change since last sale+58.9% 
Rent (median asking, 1 bed)AED 47,500Gross yield 6.5%
Bedrooms1 bed
Size656 sq ft
Floor1 (from the unit number)
Position in the towerStack 12: units ending 12 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 112

DatePriceSizeAED/sq ftType
26 Jan 2022AED 460,000656 sq ft701Resale

Units ending 12 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
61226 Sep 2022AED 478,880657 sq ft729Resale

Latest 1 bed sales in MAG 505

UnitDatePriceSizeAED/sq ftType
61316 Jul 2026AED 690,000623 sq ft1,108Resale
10420 Jan 2026AED 600,000478 sq ft1,255Resale
11922 Oct 2025AED 570,000514 sq ft1,109Resale
31430 Sep 2025AED 714,000638 sq ft1,119Resale
61422 Aug 2025AED 650,000638 sq ft1,019Resale
50616 Jul 2025AED 550,000483 sq ft1,139Resale
3014 Jan 2025AED 620,000628 sq ft987Resale
32018 Nov 2024AED 495,000514 sq ft963Resale

How we worked out the value

We took the 6 sales in MAG 505 in the last 12 months (1 bed), worked out the price per sq ft of each, and used the middle value (AED 1,114). We multiplied it by the size of this unit (656 sq ft). The range uses the middle half of those sales (AED 1,108 to AED 1,134 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 112 at MAG 505 worth?

About AED 731,000 (range AED 727,000 to AED 744,000), based on AED 1,114 per sq ft from registered sales up to 16 Jul 2026.

When did unit 112 last sell?

26 Jan 2022, for AED 460,000 (resale). It has 1 registered sale.

What rent can unit 112 make?

A 1 bed in MAG 505 rents for about AED 47,500 a year (median asking rent). That is a gross yield of 6.5% on the estimate.

Sales alert for MAG 505All sales in MAG 505

Unit 111 · Unit 114