121, MAG 520
Sold prices and rental history: sold once, by the developer in May 2019, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 121, MAG 520
What is 121 worth today?
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Source: Dubai Land Department. Updated 10 June 2024.
Key facts
- Type
- Studio apartment
- Size
- 360 sqft
- Floor
- 1st of 6
- Parking
- G-23
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 6,400 /yr
- Last sold
- AED 357K · May 2019
- Building
- MAG 520
About 121, MAG 520
121 is a studio of 360 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 22 May 2019 for AED 357,000, or AED 991 per sqft, in line with the AED 991 studios in the building were fetching at the time.
It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, signed on 10 June 2024, is AED 36,000 a year: a gross yield of 10.1% on the 2019 price, before the service charge of about AED 6,400 a year.
Sales and rents for 121 over time
121 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 121 sits
All 60 studios →121 last sold in May 2019 at AED 991 per sqft, in line with 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. 121's AED 36,000 is in the upper half 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 | ||
| 116 | Studio | 410 sqft | AED 380KAED 380,000 · May 2019May 2019 | 26,000 /yr | |
| 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 | |
| 122 | Studio | 360 sqft | AED 357KAED 357,000 · Jun 2019June 2019 | 18,000 /yr |
121, MAG 520 in numbers
- Sold once: by MAG on 22 May 2019 for AED 357,000, or AED 991 per sqft.
- Rented since May 2021 on 4 Ejari contracts, from AED 16,000 to AED 36,000 a year.
- At AED 36,000 a year the gross yield on the 2019 price is 10.1%, before a service charge of about AED 6,400 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 10 June 2024.
Questions about 121, MAG 520
What did unit 121 last sell for?
AED 357,000 on 22 May 2019, sold by the developer: AED 991 per sqft for 360 sqft. It is the only registered sale of the unit.
What is the rent for unit 121?
AED 36,000 a year on the contract signed on 10 June 2024. The previous contract, from May 2023, was AED 24,000; the unit has been rented since May 2021.
How big is unit 121?
360 sqft (33.4 sqm): a studio on the 1st floor of a 6-storey tower completed in 2020.
What is unit 121 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 121, MAG 520
Starts from the last sale price (AED 357K, 22 May 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 357,000
- Deposit, UAE resident (20%)
- AED 71,400
- Deposit, non-resident (40%)
- AED 142,800
- Monthly over 25 years at 3.7%
- AED 1,461
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →