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Studio · 410 sqftMAG 520, Dubai South · 2nd floor · completed 2020

216, MAG 520

Sold prices and rental history: sold once, by the developer in September 2019, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 216 · DLD and Ejari recordsUpdated 5 October 2026
Last soldAED 406K23 September 2019
Current rentAED 39K /yr5 October 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 216, MAG 520

What is 216 worth today?

Last sold for AED 406,000 in 2019

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5 Oct 2026RentedNew contract
AED 39,000/yr12 months · AED 95 per sqft
1 Oct 2025RentedNew contract
AED 42,000/yr12 months · AED 103 per sqft
25 Jul 2024RentedRenewal
AED 31,000/yr12 months · AED 76 per sqft
25 Jul 2023RentedNew contract
AED 27,000/yr12 months · AED 66 per sqft
1 Jan 2023RentedRenewal
AED 22,000/yr12 months · AED 54 per sqft
1 Jan 2023RentedRenewal
AED 19,000/yr12 months · AED 46 per sqft
1 Jan 2022RentedNew contract
AED 20,000/yr12 months · AED 49 per sqft
23 Sep 2019Sold by developerOff-plan
AED 406,000AED 989 per sqft

Source: Dubai Land Department. Updated 5 October 2026.

Key facts

Type
Studio apartment
Size
410 sqft
Floor
2nd of 6
Parking
G-40
Developer
MAG
Completed
2020
Service charge
AED 7,300 /yr
Last sold
AED 406K · September 2019
Building
MAG 520

About 216, MAG 520

216 is a studio of 410 sqft on the 2nd floor of MAG 520, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 23 September 2019 for AED 406,000, or AED 989 per sqft, in line with the AED 967 studios in the building were fetching at the time.

It has been rented continuously since 2022 on 7 Ejari contracts. The current contract, signed on 5 October 2026, is AED 39,000 a year: a gross yield of 9.6% on the 2019 price, before the service charge of about AED 7,300 a year.

Sales and rents for 216 over time

Sales
Unit 216, 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, September 2019: AED 406,000 (AED 989 per sqft)

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

Rents
Unit 216, each contractTypical studio in MAG 520
20K40K2020202220242026Typical 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, January 2022: AED 20,000 a yearRenewal, January 2023: AED 22,000 a yearRenewal, January 2023: AED 19,000 a yearNew contract, July 2023: AED 27,000 a yearRenewal, July 2024: AED 31,000 a yearNew contract, October 2025: AED 42,000 a yearNew contract, October 2026: AED 39,000 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 216 sits

All 60 studios →

216 last sold in September 2019 at AED 989 per sqft, in line with what studios in MAG 520 were fetching at the time (AED 967). 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. 216's AED 39,000 is in the upper 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 2nd floor

All 131 units in MAG 520
Value
2011-bedAED 480K · Sep 2019
202StudioAED 355K · Mar 2019
203StudioAED 370K · Mar 2019
2041-bedAED 420K · Apr 2019
2052-bedAED 525K · Dec 2020
2061-bedAED 432K · Mar 2019
207StudioAED 350K · Sep 2019
1–7 of 21

216, MAG 520 in numbers

  • Sold once: by MAG on 23 September 2019 for AED 406,000, or AED 989 per sqft.
  • Rented since January 2022 on 7 Ejari contracts, from AED 20,000 to AED 39,000 a year.
  • At AED 39,000 a year the gross yield on the 2019 price is 9.6%, 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 5 October 2026.

Questions about 216, MAG 520

What did unit 216 last sell for?

AED 406,000 on 23 September 2019, sold by the developer: AED 989 per sqft for 410 sqft. It is the only registered sale of the unit.

What is the rent for unit 216?

AED 39,000 a year on the contract signed on 5 October 2026. The previous contract, from October 2025, was AED 42,000; the unit has been rented since January 2022.

How big is unit 216?

410 sqft (38.1 sqm): a studio on the 2nd floor of a 6-storey tower completed in 2020.

What is unit 216 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 216, MAG 520

Starts from the last sale price (AED 406K, 23 September 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 →