Unit 503 at MAG 505 is a studio of 365 sq ft. It last sold for AED 300,000 on 28 Aug 2023. At AED 1,079 per sq ft, from 4 sales in the building in the last 24 months (studio), it is worth about AED 394,000 today.
| Bedrooms | studio |
|---|---|
| Size | 365 sq ft |
| Floor | 5 (from the unit number) |
| Position in the tower | Stack 03: units ending 03 share the same layout and view |
| Building | MAG 505 by MAG Property Development, handed over 2019 |
| Registered sales of this unit | 3 |
| Date | Price | Size | AED/sq ft | Type |
|---|---|---|---|---|
| 28 Aug 2023 | AED 300,000 | 365 sq ft | 822 | Resale |
| 12 Jul 2023 | AED 256,500 | 365 sq ft | 703 | Resale |
| 26 Feb 2020 | AED 385,000 | 365 sq ft | 1,055 | Off-plan |
| Unit | Date | Price | Size | AED/sq ft | Type |
|---|---|---|---|---|---|
| 116 | 5 Jun 2026 | AED 420,000 | 410 sq ft | 1,024 | Resale |
| 616 | 3 Dec 2025 | AED 550,000 | 410 sq ft | 1,341 | Resale |
| 317 | 15 Jan 2025 | AED 495,000 | 437 sq ft | 1,133 | Resale |
| 617 | 18 Nov 2024 | AED 350,000 | 437 sq ft | 801 | Resale |
| 122 | 7 Jun 2024 | AED 345,000 | 360 sq ft | 958 | Resale |
| 502 | 25 Mar 2024 | AED 360,000 | 389 sq ft | 925 | Resale |
| 115 | 28 Feb 2024 | AED 290,000 | 410 sq ft | 707 | Resale |
| 422 | 21 Nov 2023 | AED 325,000 | 360 sq ft | 903 | Resale |
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 (365 sq ft). The range uses the middle half of those sales (AED 969 to AED 1,185 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 445,169. Floor, view, condition and upgrades can move the price either way. Sales data to 16 Jul 2026, from the Dubai Land Department register.
About AED 394,000 (range AED 354,000 to AED 432,000), based on AED 1,079 per sq ft from registered sales up to 16 Jul 2026.
28 Aug 2023, for AED 300,000 (resale). It has 3 registered sales.
A studio in MAG 505 rents for about AED 47,500 a year (median asking rent). That is a gross yield of 12.1% on the estimate.