Building · Transactions · 2020

MAG 505 Property Transactions 2020

9 property sales worth ⃃ 3.53M were registered in MAG 505 in 2020, 69.0% lower than 2019 by number of sales. The median sale price was ⃃ 385,000 and the median price per square foot ⃃ 928 (+9.3% on 2019).

Period: 1 Jan – 31 Dec 2020Compared with: 2019Sample: 9 salesUpdated: 18 Oct 2026
Property sales
9
−69.0% vs 2019
1 Jan – 31 Dec 2020
Total value
⃃ 3.53M
−72.0% vs 2019
1 Jan – 31 Dec 2020
Median sale price
⃃ 385,000
−12.9% vs 2019
9 sales
Median price per sq ft
⃃ 928
+9.3% vs 2019
9 sales

What types of property sold in MAG 505 in 2020?

1 Jan – 31 Dec 2020

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments9100%⃃ 3.53M⃃ 385,000⃃ 928

How were 2020 sales split between off-plan, ready, primary and resale?

Primary/resale (who sold) and off-plan/ready (the unit’s state at sale) are separate splits; each pair adds up to the total.

SegmentSalesShare of salesValueMedian pricePer sq ft
Primary (developer sales)777.8%⃃ 2.99M⃃ 385,140⃃ 1,040
Resale (secondary)222.2%⃃ 540K⃃ 270,000⃃ 574
Off-plan111.1%⃃ 320K⃃ 320,000⃃ 514
Ready888.9%⃃ 3.21M⃃ 385,070⃃ 984

How many rental contracts were registered in MAG 505 in 2020?

59 rental contracts (new and renewed) were registered in MAG 505 in 2020, at a median annual rent of ⃃ 22,000. Rental yields in MAG 505

What were the most expensive property sales in MAG 505 in 2020?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
06/02/2020MAG 5052 beds · Apartment666 sq ft⃃ 562,000Primary · Ready
02/06/2020MAG 5051 bed · Apartment514 sq ft⃃ 458,000Primary · Ready
03/03/2020MAG 5051 bed · Apartment483 sq ft⃃ 448,001Primary · Ready
06/02/2020MAG 505Studio · Apartment360 sq ft⃃ 385,140Primary · Ready
26/02/2020MAG 505Studio · Apartment365 sq ft⃃ 385,000Primary · Ready
28/09/2020MAG 505Studio · Apartment360 sq ft⃃ 375,000Primary · Ready
06/02/2020MAG 505Studio · Apartment360 sq ft⃃ 374,360Primary · Ready
22/01/2020MAG 5051 bed · Apartment623 sq ft⃃ 320,000Resale · Off-plan
07/05/2020MAG 505Studio · Apartment347 sq ft⃃ 220,000Resale · Ready

What were the last registered sales of 2020?

DatePropertyTypeSizePriceMarket
28/09/2020MAG 505Studio · Apartment360 sq ft⃃ 375,000Primary · Ready
02/06/2020MAG 5051 bed · Apartment514 sq ft⃃ 458,000Primary · Ready
07/05/2020MAG 505Studio · Apartment347 sq ft⃃ 220,000Resale · Ready
03/03/2020MAG 5051 bed · Apartment483 sq ft⃃ 448,001Primary · Ready
26/02/2020MAG 505Studio · Apartment365 sq ft⃃ 385,000Primary · Ready
06/02/2020MAG 505Studio · Apartment360 sq ft⃃ 374,360Primary · Ready
06/02/2020MAG 5052 beds · Apartment666 sq ft⃃ 562,000Primary · Ready
06/02/2020MAG 505Studio · Apartment360 sq ft⃃ 385,140Primary · Ready
22/01/2020MAG 5051 bed · Apartment623 sq ft⃃ 320,000Resale · Off-plan

How these figures are calculated

Sales
Registered sale transactions dated in the year, all property types, primary and resale, off-plan and ready.
Medians
Median sale price and median price per square foot of those sales.
Year-on-year
Changes compare 2020 with the whole of 2019.
Primary vs resale
Primary = sold by the developer; resale = sold by a previous owner. Off-plan/ready describes the unit, not the seller.

Full definitions: DXBinteract methodology · market indicators explained

Source and how to cite

DXBinteract analysis based on Dubai Land Department transaction data.

Data to
(latest registered transaction)
Last updated
— figures refresh hourly from the live dataset
Permanent URL
https://dxbinteract.com/dubai-property-transactions/mag-505/2020
MAG 505 Property Transactions 2020. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-transactions/mag-505/2020

Republishing? Keep the source line “DXBinteract analysis based on Dubai Land Department transaction data.” and link to this page. Attribution guidelines

Frequently asked questions

How many properties were sold in MAG 505 in 2020?
9 property sales worth ⃃ 3,527,501 were registered in MAG 505 in 2020. That is 69.0% lower than 2019.
What was the median property price in MAG 505 in 2020?
The median sale price was ⃃ 385,000 and the median price per square foot ⃃ 928 (1 Jan – 31 Dec 2020).
What share of 2020 sales in MAG 505 were off-plan or from developers?
Developer (primary) sales were 77.8% of the 9 sales and resales 22.2%. Off-plan units made up 11.1% and ready units 88.9%. Primary/resale and off-plan/ready are different splits.

Last updated · data to 16 Oct 2026 · https://dxbinteract.com/dubai-property-transactions/mag-505/2020