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Building · Transactions · 2021

MAG 505 Property Transactions 2021

5 property sales worth ⃃ 1.45M were registered in MAG 505 in 2021, 44.4% lower than 2020 by number of sales. The median sale price was ⃃ 252,350 and the median price per square foot ⃃ 701 (−24.4% on 2020).

Period: 1 Jan – 31 Dec 2021Compared with: 2020Sample: 5 salesUpdated: 15 Nov 2026
Property sales
5
−44.4% vs 2020
1 Jan – 31 Dec 2021
Total value
⃃ 1.45M
−58.8% vs 2020
1 Jan – 31 Dec 2021
Median sale price
⃃ 252,350
−34.5% vs 2020
5 sales
Median price per sq ft
⃃ 701
−24.4% vs 2020
5 sales

What types of property sold in MAG 505 in 2021?

1 Jan – 31 Dec 2021

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments5100%⃃ 1.45M⃃ 252,350⃃ 701

How were 2021 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)240%⃃ 637K⃃ 318,675⃃ 902
Resale (secondary)360%⃃ 817K⃃ 240,000⃃ 658
Ready5100%⃃ 1.45M⃃ 252,350⃃ 701

How many rental contracts were registered in MAG 505 in 2021?

73 rental contracts (new and renewed) were registered in MAG 505 in 2021, at a median annual rent of ⃃ 22,000 (0.0% on 2020). Rental yields in MAG 505

What were the most expensive property sales in MAG 505 in 2021?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
18/08/2021MAG 505Studio · Apartment349 sq ft⃃ 385,000Primary · Ready
16/11/2021MAG 5051 bed · Apartment483 sq ft⃃ 340,000Resale · Ready
10/05/2021MAG 505Studio · Apartment360 sq ft⃃ 252,350Primary · Ready
21/03/2021MAG 5051 bed · Apartment478 sq ft⃃ 240,000Resale · Ready
03/03/2021MAG 505Studio · Apartment360 sq ft⃃ 237,000Resale · Ready

What were the last registered sales of 2021?

DatePropertyTypeSizePriceMarket
16/11/2021MAG 5051 bed · Apartment483 sq ft⃃ 340,000Resale · Ready
18/08/2021MAG 505Studio · Apartment349 sq ft⃃ 385,000Primary · Ready
10/05/2021MAG 505Studio · Apartment360 sq ft⃃ 252,350Primary · Ready
21/03/2021MAG 5051 bed · Apartment478 sq ft⃃ 240,000Resale · Ready
03/03/2021MAG 505Studio · Apartment360 sq ft⃃ 237,000Resale · Ready

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 2021 with the whole of 2020.
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-505/2021
MAG 505 Property Transactions 2021. DXBinteract, data to 14 Nov 2026. https://dxbinteract.com/dubai-property-transactions/mag-505/2021

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 2021?
5 property sales worth ⃃ 1,454,350 were registered in MAG 505 in 2021. That is 44.4% lower than 2020.
What was the median property price in MAG 505 in 2021?
The median sale price was ⃃ 252,350 and the median price per square foot ⃃ 701 (1 Jan – 31 Dec 2021).
What share of 2021 sales in MAG 505 were off-plan or from developers?
Developer (primary) sales were 40% of the 5 sales and resales 60%. Primary/resale and off-plan/ready are different splits.

Last updated · data to 14 Nov 2026 · https://dxbinteract.com/dubai-property-transactions/mag-505/2021