Mag 505 Launch Prices
Off-plan in Dubai South · Developer launch registrations from the Dubai Land Department off-plan register
Launch Summary
125 developer launch sales registered at Mag 505 between Mar 2018 and Aug 2021: 100% apartments, most commonly studio units, typically around 478 sqft.
Bed mix: Studio 47% · 1-bed 43% · 2-bed 10%.
Every figure here is a registered developer launch price from the DLD off-plan register - a different kind of price from a ready-market resale, and kept entirely separate from KhaleejKeys' resale statistics.
Launch Price by Quarter
Median registered launch price per square foot at Mag 505, per quarter, with the number of launch sales registered in each.
| Quarter | Launch sales | Median AED/sqft |
|---|---|---|
| 2018 Q1 | 9 | AED 955 |
| 2018 Q2 | 53 | AED 918 |
| 2018 Q3 | 17 | AED 906 |
| 2018 Q4 | 8 | AED 887 |
| 2019 Q1 | 2 | AED 800 |
| 2019 Q2 | 11 | AED 924 |
| 2019 Q3 | 12 | AED 918 |
| 2019 Q4 | 4 | AED 795 |
| 2020 Q1 | 6 | AED 969 |
| 2020 Q2 | 1 | AED 891 |
| 2020 Q3 | 1 | AED 1,042 |
| 2021 Q3 | 1 | AED 1,103 |
Launch vs Resale
Mag 505 also has 48 ready-market resales registered with the DLD, the first on 7 May 2020 - 26 months after the first launch registration. A developer launch price and an arm's-length resale are different kinds of price; the gap is context, not a return.
Recent Launch Registrations
Developer launch registrations from the DLD off-plan register - not resales, and never blended into KhaleejKeys' resale prices.
Other Off-Plan Projects in Dubai South
Off-plan in Dubai South
Compare this project with every other off-plan launch registered in Dubai South, or see the community's resale market.
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