316, MAG 520
Sold prices and rental history: sold once, by the developer in April 2019, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 316, MAG 520
What is 316 worth today?
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Source: Dubai Land Department. Updated 1 June 2026.
Key facts
- Type
- Studio apartment
- Size
- 410 sqft
- Floor
- 3rd of 6
- Parking
- G-63
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 7,300 /yr
- Last sold
- AED 380K · April 2019
- Building
- MAG 520
About 316, MAG 520
316 is a studio of 410 sqft on the 3rd floor of MAG 520, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 17 April 2019 for AED 380,000, or AED 926 per sqft, in line with the AED 929 studios in the building were fetching at the time.
It has been rented since 2024 on 3 Ejari contracts. The current contract, renewed on 1 June 2026, is AED 34,000 a year: a gross yield of 8.9% on the 2019 price, before the service charge of about AED 7,300 a year.
Sales and rents for 316 over time
316 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 316 sits
All 60 studios →316 last sold in April 2019 at AED 926 per sqft, in line with what studios in MAG 520 were fetching at the time (AED 929). 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. 316's AED 34,000 is in the lower 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 3rd floor
All 131 units in MAG 520| ValueToday's value | |||||
|---|---|---|---|---|---|
| 301 | 1-bed | 628 sqft | AED 480KAED 480,000 · May 2019May 2019 | ||
| 302 | Studio | 387 sqft | AED 450KAED 450,000 · Nov 2026November 2026 | ||
| 303 | Studio | 365 sqft | AED 420KAED 420,000 · Feb 2025February 2025 | 35,000 /yr | |
| 304 | 1-bed | 478 sqft | AED 459KAED 458,720 · Jul 2019July 2019 | 48,000 /yr | |
| 305 | 2-bed | 669 sqft | AED 569KAED 568,555 · Sep 2019September 2019 | 40,890 /yr | |
| 306 | 1-bed | 483 sqft | AED 484KAED 484,050 · Mar 2019March 2019 | 26,000 /yr | |
| 307 | Studio | 387 sqft | AED 380KAED 380,000 · Sep 2019September 2019 | 41,000 /yr | |
| 308 | Studio | 347 sqft | AED 280KAED 280,000 · Aug 2022August 2022 | 38,000 /yr | |
| 309 | 1-bed | 478 sqft | AED 590KAED 590,000 · Jan 2026January 2026 | 53,000 /yr | |
| 310 | 2-bed | 667 sqft | AED 497KAED 497,000 · Sep 2019September 2019 | 48,000 /yr | |
| 311 | 1-bed | 483 sqft | AED 440KAED 440,000 · Mar 2019March 2019 | 38,791 /yr | |
| 312 | 1-bed | 656 sqft | AED 600KAED 600,000 · Mar 2025March 2025 | 57,000 /yr | |
| 313 | 1-bed | 622 sqft | AED 300KAED 300,000 · Nov 2022November 2022 | 60,000 /yr | |
| 314 | 1-bed | 638 sqft | AED 450KAED 450,000 · Sep 2023September 2023 | 54,000 /yr | |
| 315 | Studio | 410 sqft | AED 376KAED 376,000 · Apr 2019April 2019 | 37,000 /yr | |
| 317 | Studio | 437 sqft | AED 380KAED 380,000 · Sep 2019September 2019 | 28,000 /yr | |
| 318 | Studio | 437 sqft | AED 380KAED 380,000 · Sep 2019September 2019 | 38,000 /yr | |
| 319 | 1-bed | 514 sqft | AED 436KAED 436,000 · May 2019May 2019 | 40,000 /yr | |
| 320 | 1-bed | 514 sqft | AED 454KAED 454,000 · Nov 2018November 2018 | 47,000 /yr | |
| 321 | Studio | 360 sqft | AED 400KAED 400,000 · Jul 2024July 2024 | 35,000 /yr | |
| 322 | Studio | 360 sqft | AED 388KAED 388,000 · Jul 2024July 2024 | 44,000 /yr |
316, MAG 520 in numbers
- Sold once: by MAG on 17 April 2019 for AED 380,000, or AED 926 per sqft.
- Rented since June 2024 on 3 Ejari contracts, at AED 34,000 a year.
- At AED 34,000 a year the gross yield on the 2019 price is 8.9%, 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 1 June 2026.
Questions about 316, MAG 520
What did unit 316 last sell for?
AED 380,000 on 17 April 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 316?
AED 34,000 a year on the contract renewed on 1 June 2026. The previous contract, from June 2025, was AED 34,000; the unit has been rented since June 2024.
How big is unit 316?
410 sqft (38.1 sqm): a studio on the 3rd floor of a 6-storey tower completed in 2020.
What is unit 316 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 316, MAG 520
Starts from the last sale price (AED 380K, 17 April 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 →