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1-bed · 656 sqftMAG 520, Dubai South · 1st floor · completed 2020

112, MAG 520

Sold prices and rental history: sold once, by the developer in March 2019, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 112 · DLD and Ejari recordsUpdated 1 July 2023
Last soldAED 480K3 March 2019
Current rentAED 32K /yr1 July 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 112, MAG 520

What is 112 worth today?

Last sold for AED 480,000 in 2019

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1 Jul 2023RentedNew contract
AED 32,000/yr12 months · AED 49 per sqft
1 Jul 2022RentedRenewal
AED 26,000/yr12 months · AED 40 per sqft
1 Jul 2021RentedNew contract
AED 24,000/yr12 months · AED 37 per sqft
1 Jun 2020RentedNew contract
AED 27,000/yr12 months · AED 41 per sqft
3 Mar 2019Sold by developerOff-plan
AED 480,000AED 731 per sqft

Source: Dubai Land Department. Updated 1 July 2023.

Key facts

Type
1-bed apartment
Size
656 sqft
Floor
1st of 6
Parking
G-12
Developer
MAG
Completed
2020
Service charge
AED 11,600 /yr
Last sold
AED 480K · March 2019
Building
MAG 520

About 112, MAG 520

112 is a one-bedroom apartment of 656 sqft on the 1st floor of MAG 520, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 3 March 2019 for AED 480,000, or AED 731 per sqft, 17% below the AED 883 one-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, signed on 1 July 2023, is AED 32,000 a year: a gross yield of 6.7% on the 2019 price, before the service charge of about AED 11,600 a year.

Sales and rents for 112 over time

Sales
Unit 112, each saleTypical one-bed in MAG 520
400K600K2018202120242027Typical sale price by year: 2018 AED 467,000; 2019 AED 468,448; 2020 AED 480,000; 2021 AED 354,910; 2022 AED 449,708; 2023 AED 400,000; 2024 AED 490,000; 2025 AED 600,000; 2026 AED 590,000Sold by developer, March 2019: AED 480,000 (AED 731 per sqft)

112 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 112, each contractTypical one-bed in MAG 520
20K40K20192021202320252027Typical rent by year: 2019 AED 26,500; 2020 AED 25,000; 2021 AED 24,000; 2022 AED 26,000; 2023 AED 28,421; 2024 AED 37,500; 2025 AED 42,000; 2026 AED 48,000New contract, June 2020: AED 27,000 a yearNew contract, July 2021: AED 24,000 a yearRenewal, July 2022: AED 26,000 a yearNew contract, July 2023: AED 32,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in MAG 520, and where 112 sits

All 60 1-beds →

112 last sold in March 2019 at AED 731 per sqft, 17% below what one-beds in MAG 520 were fetching at the time (AED 883). Over the last 12 months one-beds sold for AED 500,000 to 670,000, around AED 1,174 per sqft, and rent for AED 30,000 to 60,000 a year. 112's AED 32,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
24 Oct 2026570,000
7 Aug 2026670,000
23 Jun 2026600,000
24 Apr 2026500,000
6 1-bed sales in the last 12 months

MAG 520

Building

131 apartments, studios to 2-bed over 6 floors in Dubai South, completed in 2020 by MAG. 11 sold in the last 12 months.

Typical price per sqft
AED 1,180
Typical sale
AED 570K
Typical rent
AED 42K /yr
Typical yield
7.9%
MAG 520, Dubai South: prices, sales and rents →

Other units on the 1st floor

All 131 units in MAG 520
Value
1011-bedAED 449K · Feb 2023
102StudioAED 256K · Apr 2021
103StudioAED 365K · Sep 2019
1041-bedAED 353K · Oct 2021
1052-bedAED 400K · Mar 2020
1061-bedAED 182K · May 2023
107StudioAED 355K · Mar 2019
1–7 of 21

112, MAG 520 in numbers

  • Sold once: by MAG on 3 March 2019 for AED 480,000, or AED 731 per sqft.
  • Rented since June 2020 on 4 Ejari contracts. The rent fell from AED 27,000 to AED 24,000 in 2021 and recovered to AED 32,000 by July 2023.
  • At AED 32,000 a year the gross yield on the 2019 price is 6.7%, before a service charge of about AED 11,600 a year (AED 17.72 per sqft).
  • One-beds in MAG 520 sold for AED 500,000–670,000 in the 12 months to November 2026; the building's median across all types is AED 1,180 per sqft.

Source: Dubai Land Department. Updated 1 July 2023.

Questions about 112, MAG 520

What did unit 112 last sell for?

AED 480,000 on 3 March 2019, sold by the developer: AED 731 per sqft for 656 sqft. It is the only registered sale of the unit.

What is the rent for unit 112?

AED 32,000 a year on the contract signed on 1 July 2023. The previous contract, from July 2022, was AED 26,000; the unit has been rented since June 2020.

How big is unit 112?

656 sqft (60.9 sqm): a one-bedroom apartment on the 1st floor of a 6-storey tower completed in 2020.

What is unit 112 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in MAG 520 sold for AED 500,000 to 670,000 in the last 12 months, around AED 1,174 per sqft.

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Mortgage on 112, MAG 520

Starts from the last sale price (AED 480K, 3 March 2019). Switch to today's estimate once you have unlocked it.
Price
AED 480,000
Deposit, UAE resident (20%)
AED 96,000
Deposit, non-resident (40%)
AED 192,000
Monthly over 25 years at 3.7%
AED 1,964

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →