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Studio · 437 sqftMAG 520, Dubai South · 1st floor · completed 2020

118, 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 118 · DLD and Ejari recordsUpdated 3 July 2023
Last soldAED 406K3 March 2019
Current rentAED 28K /yr3 July 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 118, MAG 520

What is 118 worth today?

Last sold for AED 406,000 in 2019

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3 Jul 2023RentedNew contract
AED 28,000/yr12 months · AED 63 per sqft
1 Jul 2022RentedNew contract
AED 23,000/yr12 months · AED 52 per sqft
1 Jan 2022RentedNew contract
AED 18,000/yr12 months · AED 41 per sqft
17 Oct 2020RentedNew contract
AED 17,500/yr12 months · AED 40 per sqft
3 Mar 2019Sold by developerOff-plan
AED 406,000AED 929 per sqft

Source: Dubai Land Department. Updated 3 July 2023.

Key facts

Type
Studio apartment
Size
437 sqft
Floor
1st of 6
Parking
G-20
Developer
MAG
Completed
2020
Service charge
AED 7,700 /yr
Last sold
AED 406K · March 2019
Building
MAG 520

About 118, MAG 520

118 is a studio of 437 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 406,000, or AED 929 per sqft, in line with the AED 954 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, signed on 3 July 2023, is AED 28,000 a year: a gross yield of 6.9% on the 2019 price, before the service charge of about AED 7,700 a year.

Sales and rents for 118 over time

Sales
Unit 118, each saleTypical studio in MAG 520
300K400K500K2018202120242027Typical sale price by year: 2018 AED 360,000; 2019 AED 365,000; 2021 AED 271,874; 2023 AED 310,000; 2024 AED 390,000; 2026 AED 484,500Sold by developer, March 2019: AED 406,000 (AED 929 per sqft)

118 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 118, each contractTypical studio in MAG 520
20K30K40K2020202220242026Typical rent by year: 2020 AED 20,000; 2021 AED 18,000; 2022 AED 20,000; 2023 AED 23,000; 2024 AED 34,500; 2025 AED 38,000; 2026 AED 37,000New contract, October 2020: AED 17,500 a yearNew contract, January 2022: AED 18,000 a yearNew contract, July 2022: AED 23,000 a yearNew contract, July 2023: AED 28,000 a year

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 118 sits

All 60 studios →

118 last sold in March 2019 at AED 929 per sqft, in line with what studios in MAG 520 were fetching at the time (AED 954). 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. 118's AED 28,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
4 Nov 2026450,000
15 Jul 2026470,000
7 Apr 2026499,000
27 Feb 2026530,000
4 studio 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

118, MAG 520 in numbers

  • Sold once: by MAG on 3 March 2019 for AED 406,000, or AED 929 per sqft.
  • Rented since October 2020 on 4 Ejari contracts, from AED 17,500 to AED 28,000 a year.
  • At AED 28,000 a year the gross yield on the 2019 price is 6.9%, before a service charge of about AED 7,700 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 3 July 2023.

Questions about 118, MAG 520

What did unit 118 last sell for?

AED 406,000 on 3 March 2019, sold by the developer: AED 929 per sqft for 437 sqft. It is the only registered sale of the unit.

What is the rent for unit 118?

AED 28,000 a year on the contract signed on 3 July 2023. The previous contract, from July 2022, was AED 23,000; the unit has been rented since October 2020.

How big is unit 118?

437 sqft (40.6 sqm): a studio on the 1st floor of a 6-storey tower completed in 2020.

What is unit 118 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 118, MAG 520

Starts from the last sale price (AED 406K, 3 March 2019). Switch to today's estimate once you have unlocked it.
Price
AED 406,000
Deposit, UAE resident (20%)
AED 81,200
Deposit, non-resident (40%)
AED 162,400
Monthly over 25 years at 3.7%
AED 1,661

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