MAG 505
A 1 bed in MAG 505 costs a median AED 585,000, rents long-let for AED 50,000/yr (7.69% gross), and returns 16.57% short-let at the assumed 80% occupancy — +0.0 pts vs Dubai South's 7.69% and +0.7 pts vs Dubai's 6.98% — from 10 sales and 530 rental contracts registered in the last 24 months through 26 Aug 2026.
- Registered data
- Sales · 1 bed
- 4 in 12 months
- Rental contracts · 1 bed
- 256 in 12 months
- Buy
- 585,000AED
- AED 1,102/sqft
- Long-let
- 50,000AED
- AED 87/sqft · 7.69%
- Short-let
- 16.57%
- AED 429/night · 0.81/sqft
Priced off the last 5 sales — most recent July 2026.
- Yield spread
- +0.0 pts
- vs the Dubai South median for this unit type
- Turnover upside
- +13.6%
- new tenants pay more than sitting ones — 465 renewals
- AED/yr/sqft
- AED 87
- Sales
- 10
- Rental contracts
- 530
- Renewal rent
- AED 44,000/yr
- 12 months
- +5.8%
- 3 years
- +51.1%+14.8%/yr
Based on 10 sales and 530 rental contracts in the last 24 months. Rental data covers the whole MAG 5 Boulevard project, not this tower alone.
MAG 505 is an apartment building in Dubai South, Dubai, one of the towers in the MAG 5 Boulevard development. The nearest landmark Expo 2020 Site. Land Department records for it run from 2018 to 2026, 348 registered sales in all — the 10 in the last 24 months are what every median above is computed from.
Rent history
Median annual rent per sqft registered in MAG 505, by year.
Chart data: Dec 2018, 52 AED/yr/sqft; latest, Aug 2026, 88 AED/yr/sqft; peak, Jan 2026, 99 AED/yr/sqft.
Rents by bedroom type
Deltas compare each yield with the Dubai South median for the same unit type. How these yields are computed
How these yields are computed
Short-let rates around MAG 505
Median nightly rate on Airbnb for a 7-night stay, priced across the coming year.
How short-let rates are measured
Net revenue assumes 80% occupancy — an assumption, not a measurement.
What the net revenue deducts
Recent transactions
As filed with the Land Department — data to 2026-08-26.
8 resales in the last 12 months, against 10 a year on average over 2023–2025.
Sales
2 resales in the last 3 months.
Rental contracts
The rent figures on this page are pooled from this building’s project, so no individual contract can be attributed to this tower.
Nearby
- Landmark
- Expo 2020 Site
Compare with nearby buildings
The most-traded buildings in MAG 5 Boulevard, on the same figures over the same window.
- Highest rental yields in Dubai South · MAG 505 places 10th of 36
Common questions
- What is the rental yield in MAG 505?
- MAG 505 returns 7.69% gross — median annual rent from new Ejari contracts over the median resale price, before service charge, agency fees or vacant months. Measured across 530 rental contracts registered in the last 24 months.
- How much does a 1 bedroom in MAG 505 cost?
- The median registered sale price is AED 585,000 (1,102 AED/sqft), from 10 Dubai Land Department sales in the last 24 months. This is a price paid, not an asking price.
- Have prices in MAG 505 risen or fallen?
- Median price per square foot moved +11.1% over the last 12 months against the 12 before it, on 10 registered sales. On a sample this size, read the direction rather than the exact figure.
- Does MAG 505 earn more short-let than long-let?
- A night asks a median of AED 429, which models to 16.57% net at an assumed 80% occupancy for a self-managed unit, after platform fees, cleaning and utilities — against 7.69% gross on the registered long lease. Nightly rates are asking rates sampled across the next 12 months, not registered income.
- Do new tenants in MAG 505 pay more than sitting ones?
- A new tenant pays +13.6% against a renewing one, across 465 renewal contracts in the last 24 months. Renewals are capped by RERA and sit below market, so a wide gap means rent that is below market until the unit changes hands.
MAG 505 rental record
- Record type
- Building-level property market record
- Data date
- Evidence base
- 530 registered rental contracts in the trailing 24 months for the default unit type
- Sources
- Dubai Land Department sale transactions and Ejari rental contracts; public Airbnb search results for forward short-let rates
- Canonical record
- /rent/apartments/dubai/dubai-south/mag-505
Cite as: Dubai Wealth Index. “MAG 505 rents and yield.” Dubai South, Dubai. Data to 2026-08-26. https://dubaiwealthindex.com/rent/apartments/dubai/dubai-south/mag-505.
Stable dataJSON
Where this data stops
Service charges are not in DLD's open data, so the yield above is gross. Net return needs this building's charge per sqft.