MAG 505

A complete view of unit availability, highlighting which units are sold and which are still on the market. Explore detailed unit specifications, pricing ranges, and market benchmarks to make informed buying or investment decisions.

View all projects by MAG
132
Total Units
132
Sold
AED 422,500
Median Price
AED 920
Median Price /sqft
Construction progress: 100%
Start: Aug, 2015Completion: Feb, 2020

MAG 505 Price Ranges by Unit Size, Compared to Area Prices

BedUnitsSize RangePriceArea Price
Compares the Current Market median price per sqft in the project to the current median price per sqft in the area.

Position vs. Area

Studio60350 sqft - 440 sqftAED 0.4M (1,020 /sqft)AED 1,750 /sqft
-41.42
1 Bed60480 sqft - 660 sqftAED 0.6M (1,110 /sqft)AED 1,580 /sqft
-30.03
2 Beds12670 sqft - 670 sqftAED 0.7M (1,110 /sqft)AED 1,520 /sqft
-26.83

Current market shows transactions from the past 365 days across both primary and resale sales, while Primary market includes only developer (first sale) transactions.

Property price over months

Median Property Prices Over Time

Available properties

Available properties are units not yet registered with the Dubai Land Department. Availability can change quickly and some units may already be reserved. Click “Check Availability” and we will confirm the latest availability with you.

BedsCategoryFloorSize Balcony
No data found

Sold properties

BedsCategorySize BalconyFloorPricePrice /sqftDate
1Apartment478 sqft5.6 sqft 1AED 600,000AED 1,255 /sqft 20, Jan 2026
1Apartment514 sqft5.35 sqft 1AED 570,000AED 1,109 /sqft 22, Oct 2025
1Apartment638 sqft12.03 sqft 1AED 537,000AED 842 /sqft 10, Oct 2024
1Apartment483 sqft0 sqft 1AED 530,000AED 1,097 /sqft 27, Sep 2024
1Apartment628 sqft9.46 sqft 1AED 480,000AED 764 /sqft 23, Sep 2019
1Apartment622 sqft12.03 sqft 1AED 466,000AED 750 /sqft 18, Jun 2018
1Apartment656 sqft7.6 sqft 1AED 460,000AED 701 /sqft 26, Jan 2022
1Apartment514 sqft5.35 sqft 1AED 458,000AED 891 /sqft 10, May 2018
1Apartment483 sqft0 sqft 1AED 455,000AED 942 /sqft 15, Oct 2018
1Apartment478 sqft5.6 sqft 1AED 425,000AED 889 /sqft 14, May 2018
2Apartment668 sqft11.83 sqft 1AED 630,000AED 943 /sqft 29, Aug 2024
2Apartment666 sqft11.85 sqft 1AED 490,000AED 736 /sqft 22, Jul 2019
StudioApartment410 sqft5.35 sqft 1AED 420,000AED 1,024 /sqft 05, Jun 2026
StudioApartment437 sqft6.66 sqft 1AED 395,000AED 906 /sqft 25, Jun 2018
StudioApartment437 sqft6.66 sqft 1AED 395,000AED 906 /sqft 21, Jun 2018

MAG 505 Real Estate Data – FAQ

  • What is the current property supply in MAG 505?

    MAG 505 has a total residential supply of approximately 25 units. This represents completed and available inventory within the area.

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  • How active is the real estate market in MAG 505?

    MAG 505 recorded 8 property transactions over the last 12 months, indicating strong market liquidity and high investor activity compared to supply.

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  • What is the average price /sqft in MAG 505?

    The median transaction price in MAG 505 is AED 1,110 /sqft , based on actual recorded sales transactions, not listing prices.

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  • What rental yield can investors expect in MAG 505?

    The gross rental yield in MAG 505 is approximately 9%, calculated using median rental income divided by median sale prices for comparable properties.

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  • How much have property prices increased in MAG 505?

    Property prices in MAG 505 have shown a capital appreciation of 3% year-over-year, based on median price per square foot comparisons between consecutive 12-month periods.

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  • How many off-plan projects are currently in MAG 505?

    There are currently 0 active off-plan projects in MAG 505, reflecting strong developer activity and future supply pipeline.

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  • What is the future supply pipeline in MAG 505?

    The total off-plan pipeline in MAG 505 includes approximately 0 units, which will significantly impact future supply and pricing dynamics.

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  • Is MAG 505 a good area for property investment?

    MAG 505 is considered a high-activity investment zone due to its strong transaction volume, competitive rental yield of around %, and steady capital appreciation. However, the large upcoming supply pipeline should be carefully considered when evaluating long-term price growth.

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  • Are these figures based on listing prices or real transactions?

    All pricing, rental yield, and appreciation figures are based on actual transaction data, not listing prices. This provides a more accurate reflection of true market behavior.

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  • How is capital appreciation calculated?

    Capital appreciation is calculated using the change in median price per square foot between two consecutive 12-month periods. This reflects market trends rather than changes in individual property values.

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  • What does rental yield represent?

    Rental yield represents the annual rental income as a percentage of the property's purchase price. In MAG 505, this is %, indicating relatively strong income performance compared to global markets.

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