116, MAG 520
Sold prices and rental history: sold once, by the developer in May 2019, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 116, MAG 520
What is 116 worth today?
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Source: Dubai Land Department. Updated 7 May 2023.
Key facts
- Type
- Studio apartment
- Size
- 410 sqft
- Floor
- 1st of 6
- Parking
- G-18
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 7,300 /yr
- Last sold
- AED 380K · May 2019
- Building
- MAG 520
About 116, MAG 520
116 is a studio of 410 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 21 May 2019 for AED 380,000, or AED 926 per sqft, 7% below the AED 991 studios in the building were fetching at the time.
It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 7 May 2023, is AED 26,000 a year: a gross yield of 6.8% on the 2019 price, before the service charge of about AED 7,300 a year.
Sales and rents for 116 over time
116 has sold once; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in MAG 520, and where 116 sits
All 60 studios →116 last sold in May 2019 at AED 926 per sqft, 7% below what studios in MAG 520 were fetching at the time (AED 991). Over the last 12 months studios sold for AED 450,000 to 530,000, around AED 1,285 per sqft, and rent for AED 26,565 to 45,000 a year. 116's AED 26,000 is at the bottom of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 4 Nov 20264 November 2026 | 387 sqft | 450,000 | 1,162 | ||
| 15 Jul 202615 July 2026 | 365 sqft | 470,000 | 1,287 | ||
| 7 Apr 20267 April 2026 | 389 sqft | 499,000 | 1,282 | ||
| 27 Feb 202627 February 2026 | 347 sqft | 530,000 | 1,525 |
MAG 520
Building131 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%
Other units on the 1st floor
All 131 units in MAG 520| ValueToday's value | |||||
|---|---|---|---|---|---|
| 101 | 1-bed | 628 sqft | AED 449KAED 449,174 · Feb 2023February 2023 | 42,000 /yr | |
| 102 | Studio | 387 sqft | AED 256KAED 255,944 · Apr 2021April 2021 | 35,000 /yr | |
| 103 | Studio | 365 sqft | AED 365KAED 365,000 · Sep 2019September 2019 | 38,000 /yr | |
| 104 | 1-bed | 478 sqft | AED 353KAED 353,100 · Oct 2021October 2021 | 32,500 /yr | |
| 105 | 2-bed | 669 sqft | AED 400KAED 400,000 · Mar 2020March 2020 | ||
| 106 | 1-bed | 241 sqft | AED 182KAED 181,500 · May 2023May 2023 | 51,600 /yr | |
| 107 | Studio | 387 sqft | AED 355KAED 355,000 · Mar 2019March 2019 | 37,000 /yr | |
| 108 | Studio | 347 sqft | AED 347KAED 347,000 · May 2019May 2019 | 37,000 /yr | |
| 109 | 1-bed | 478 sqft | AED 590KAED 590,000 · Jan 2026January 2026 | 45,000 /yr | |
| 110 | 2-bed | 667 sqft | AED 497KAED 497,000 · Apr 2019April 2019 | 64,000 /yr | |
| 111 | 1-bed | 483 sqft | AED 490KAED 490,000 · Feb 2020February 2020 | ||
| 112 | 1-bed | 656 sqft | AED 480KAED 480,000 · Mar 2019March 2019 | 32,000 /yr | |
| 113 | 1-bed | 622 sqft | AED 519KAED 518,750 · Aug 2020August 2020 | ||
| 114 | 1-bed | 638 sqft | AED 519KAED 518,785 · Jun 2019June 2019 | 45,542 /yr | |
| 115 | Studio | 410 sqft | AED 380KAED 380,000 · May 2019May 2019 | ||
| 117 | Studio | 437 sqft | AED 412KAED 412,000 · Sep 2024September 2024 | 39,000 /yr | |
| 118 | Studio | 437 sqft | AED 406KAED 406,000 · Mar 2019March 2019 | 28,000 /yr | |
| 119 | 1-bed | 514 sqft | AED 490KAED 490,000 · May 2024May 2024 | 39,893 /yr | |
| 120 | 1-bed | 514 sqft | AED 357KAED 356,720 · Aug 2021August 2021 | 57,000 /yr | |
| 121 | Studio | 360 sqft | AED 357KAED 357,000 · May 2019May 2019 | 36,000 /yr | |
| 122 | Studio | 360 sqft | AED 357KAED 357,000 · Jun 2019June 2019 | 18,000 /yr |
116, MAG 520 in numbers
- Sold once: by MAG on 21 May 2019 for AED 380,000, or AED 926 per sqft.
- Rented since March 2022 on 2 Ejari contracts, from AED 22,000 to AED 26,000 a year.
- At AED 26,000 a year the gross yield on the 2019 price is 6.8%, before a service charge of about AED 7,300 a year (AED 17.72 per sqft).
- Studios in MAG 520 sold for AED 450,000–530,000 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 7 May 2023.
Questions about 116, MAG 520
What did unit 116 last sell for?
AED 380,000 on 21 May 2019, sold by the developer: AED 926 per sqft for 410 sqft. It is the only registered sale of the unit.
What is the rent for unit 116?
AED 26,000 a year on the contract signed on 7 May 2023. The previous contract, from March 2022, was AED 22,000.
How big is unit 116?
410 sqft (38.1 sqm): a studio on the 1st floor of a 6-storey tower completed in 2020.
What is unit 116 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in MAG 520 sold for AED 450,000 to 530,000 in the last 12 months, around AED 1,285 per sqft.
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Mortgage on 116, MAG 520
Starts from the last sale price (AED 380K, 21 May 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 380,000
- Deposit, UAE resident (20%)
- AED 76,000
- Deposit, non-resident (40%)
- AED 152,000
- Monthly over 25 years at 3.7%
- AED 1,555
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →