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Studio · 347 sqftMAG 520, Dubai South · 3rd floor · completed 2020

308, MAG 520

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

Unit 308 · DLD and Ejari recordsUpdated 1 November 2026
Last soldAED 280K15 August 2022
Current rentAED 38K /yr1 November 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 308, MAG 520

What is 308 worth today?

Last sold for AED 280,000 in 2022

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1 Nov 2026RentedNew contract
AED 38,000/yr12 months · AED 109 per sqft
16 Oct 2025RentedNew contract
AED 37,500/yr12 months · AED 109 per sqft
16 Oct 2023RentedNew contract
AED 31,000/yr12 months · AED 90 per sqft
11 Oct 2022RentedNew contract
AED 24,000/yr12 months · AED 70 per sqft
15 Aug 2022SoldReady
AED 280,000AED 806 per sqft
20 Oct 2019RentedNew contract
AED 23,500/yr13 months · AED 68 per sqft
20 May 2019Sold by developerOff-plan
AED 347,000AED 998 per sqft

Source: Dubai Land Department. Updated 1 November 2026.

Key facts

Type
Studio apartment
Size
347 sqft
Floor
3rd of 6
Parking
G-55
Developer
MAG
Completed
2020
Service charge
AED 6,200 /yr
Last sold
AED 280K · August 2022
Building
MAG 520

About 308, MAG 520

308 is a studio of 347 sqft on the 3rd floor of MAG 520, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 15 August 2022 for AED 280,000, or AED 806 per sqft, 11% above the AED 725 studios in the building were fetching at the time.

It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, signed on 1 November 2026, is AED 38,000 a year: a gross yield of 13.6% on the 2022 price, before the service charge of about AED 6,200 a year.

Sales and rents for 308 over time

Sales
Unit 308, 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, May 2019: AED 347,000 (AED 998 per sqft)Sold, August 2022: AED 280,000 (AED 806 per sqft)

308 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 308, each contractTypical studio in MAG 520
20K30K40K201920222025Typical 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 2019: AED 23,500 a yearNew contract, October 2022: AED 24,000 a yearNew contract, October 2023: AED 31,000 a yearNew contract, October 2025: AED 37,500 a yearNew contract, November 2026: AED 38,000 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 308 sits

All 60 studios →

308 last sold in August 2022 at AED 806 per sqft, 11% above what studios in MAG 520 were fetching at the time (AED 725). 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. 308's AED 38,000 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 3rd floor

All 131 units in MAG 520
Value
3011-bedAED 480K · May 2019
302StudioAED 450K · Nov 2026
303StudioAED 420K · Feb 2025
3041-bedAED 459K · Jul 2019
3052-bedAED 569K · Sep 2019
3061-bedAED 484K · Mar 2019
307StudioAED 380K · Sep 2019
1–7 of 21

308, MAG 520 in numbers

  • Sold twice: first on 20 May 2019 for AED 347,000, last on 15 August 2022 for AED 280,000 (AED 806 per sqft).
  • Rented since October 2019 on 5 Ejari contracts, from AED 23,500 to AED 38,000 a year.
  • At AED 38,000 a year the gross yield on the 2022 price is 13.6%, before a service charge of about AED 6,200 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 1 November 2026.

Questions about 308, MAG 520

What did unit 308 last sell for?

AED 280,000 on 15 August 2022: AED 806 per sqft for 347 sqft. The unit has 2 registered sales; the first was AED 347,000 in May 2019.

What is the rent for unit 308?

AED 38,000 a year on the contract signed on 1 November 2026. The previous contract, from October 2025, was AED 37,500; the unit has been rented since October 2019.

How big is unit 308?

347 sqft (32.2 sqm): a studio on the 3rd floor of a 6-storey tower completed in 2020.

What is unit 308 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 308, MAG 520

Starts from the last sale price (AED 280K, 15 August 2022). Switch to today's estimate once you have unlocked it.
Price
AED 280,000
Deposit, UAE resident (20%)
AED 56,000
Deposit, non-resident (40%)
AED 112,000
Monthly over 25 years at 3.7%
AED 1,146

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