PropertyIndex

MAG 505

Completed|132 units · 1 building

MAG 505 is a completed development by MAG 5 PROPERTY DEVELOPMENT L.L.C in Dubai South (Dubai World Central), comprising 132 registered units. 174 sales are registered with the Dubai Land Department, at a current PIX© price of AED 1,083 per sqft. At AED 1,083 per sqft, MAG 505 prices 1% above the Dubai South (Dubai World Central) median of AED 1,069 per sqft on registered sales.

PIX© price · 1.6% YoY
568KAED
Typical
1,083AED
PSF
Gross yield
7.2%
PIX© rent ÷ PIX© price
Sale records
174
DLD · all time
Rent contracts
578
Ejari · all time
Exclusive to PropertyIndex©

PIX© Unit History

Pick a building and floor, or select a position in any table below, to follow one unit through every registered owner and tenant.

Floor
Units on floor 3

1 Bed on Floor 3, MAG 505

Size
Record
Sep 2022 to Aug 2026
Owners
4
Tenants
2
Price change
Yield on cost
Sale price by owner
PartyDatePrice / RentAEDPSFvs priorHeldNote
2Tenant 224 Aug 2026
Renewal
Owner 4
4Owner 430 Sep 202512 mo
Current owner
Sold with tenant in place
Mortgage
2Tenant 224 Aug 202512 mo
Renewal
Owner 3
2Tenant 224 Aug 202412 mo
Owner 3
3Owner 312 Jul 202415 mo
Sold with tenant in place
1Tenant 11 Oct 202223 mo
Owner 2
2Owner 214 Sep 202222 mo
Owner 1 · UndisclosedAcquisition date and price not on record
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1 Bed · Floor 3 · MAG 505
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MAG 505

Units

Every unit type registered in this project. PIX© values are EMA-weighted current figures from registered records. Select a row for detail.

TypeUnitsPIX© PricePIX© PSFPSF YoYPIX© Rent /yrYield
PIX© Core
Project-Wide
347 - 668 sqft
132568K1,0831.6%41K7.2%
Studio · Apartment
347 - 437 sqft
60
1 Bed · Apartment
478 - 657 sqft
60
2 Bed · Apartment
666 - 668 sqft
12
Sales - Project-Wide174 DLD records
PIX© price analysis
PIX©Entry
PIX©Standard
PIX©Premium
PSF YoY
3-month change
Price range
PSF range
Avg size
Cash : mortgage
Off-plan : ready
Latest transactions
DateUnit No.BedsPositionSizePricePSFvs Prior SaleTierType
16 Jul 20261 BedMAG 505 · Floor 6623690,0001,107+115.6%StandardStandard Sale
5 Jun 2026StudioMAG 505 · Floor 1410420,0001,024+6.3%StandardStandard Sale
30 Mar 20262 BedMAG 505 · Floor 4666710,0001,065+29.1%StandardStandard Sale
Rentals - Project-Wide578 Ejari contracts
PIX© rent analysis
PIX©Entry
PIX©Standard
PIX©Premium
Rent PSF YoY
Gross yield
Rent range
Renewals
Latest contracts
Start DateUnit No.BedsPositionSizeRent / YrRent PSFvs Prior RentTierType
15 Sep 2026StudioMAG 505 · Floor 536038,000106-StandardCONTRACT
1 Sep 2026StudioMAG 505 · Floor 138736,00093-Entry LevelCERTIFICATE
25 Aug 2026StudioMAG 505 · Floor 236034,00094-Entry LevelCONTRACT

Comparables

How this project prices against its peers, ranked by PIX© price per square foot.

Comparable projects in Dubai South (Dubai World Central)

The closest-priced registered projects in Dubai South (Dubai World Central).

Common questions about MAG 505

Answered from Dubai Land Department registered transactions.

How much does a property in MAG 505 cost?

Property in MAG 505 sells at a current PIX© price of AED 1,083 per sqft, or about AED 567,671 for a typical unit, based on 174 sales registered with the Dubai Land Department.

Is MAG 505 completed?

Yes. MAG 505 is recorded as completed in the Dubai Land Department project register.

Who is the developer of MAG 505?

MAG 505 is developed by MAG 5 PROPERTY DEVELOPMENT L.L.C, the developer recorded against the project in the Dubai Land Department register.

What is the rental yield in MAG 505?

MAG 505 yields 7.2% gross, calculated from current PIX© rent against current PIX© sale price, across 578 registered Ejari contracts.

How many units are in MAG 505?

MAG 505 holds 132 registered units, per the Dubai Land Department unit register.

Have prices in MAG 505 gone up or down?

Price per sqft has fallen -1.6% over the last 12 months, to AED 1,083, across 174 registered sales.