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Studio · 437 sqftMAG 520, Dubai South · 3rd floor · completed 2020

318, MAG 520

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

Unit 318 · DLD and Ejari recordsUpdated 26 January 2026
Last soldAED 380K23 September 2019
Current rentAED 38K /yr26 January 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 318, MAG 520

What is 318 worth today?

Last sold for AED 380,000 in 2019

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26 Jan 2026RentedRenewal
AED 38,000/yr12 months · AED 87 per sqft
26 Jan 2025RentedNew contract
AED 38,000/yr12 months · AED 87 per sqft
1 Feb 2022RentedNew contract
AED 20,000/yr12 months · AED 45 per sqft
23 Sep 2019Sold by developerOff-plan
AED 380,000AED 869 per sqft

Source: Dubai Land Department. Updated 26 January 2026.

Key facts

Type
Studio apartment
Size
437 sqft
Floor
3rd of 6
Parking
G-65
Developer
MAG
Completed
2020
Service charge
AED 7,700 /yr
Last sold
AED 380K · September 2019
Building
MAG 520

About 318, MAG 520

318 is a studio of 437 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 23 September 2019 for AED 380,000, or AED 869 per sqft, 10% below the AED 967 studios in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 26 January 2026, is AED 38,000 a year: a gross yield of 10.0% on the 2019 price, before the service charge of about AED 7,700 a year.

Sales and rents for 318 over time

Sales
Unit 318, 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 380,000 (AED 869 per sqft)

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

Rents
Unit 318, 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, February 2022: AED 20,000 a yearNew contract, January 2025: AED 38,000 a yearRenewal, January 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 318 sits

All 60 studios →

318 last sold in September 2019 at AED 869 per sqft, 10% below 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. 318'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

318, MAG 520 in numbers

  • Sold once: by MAG on 23 September 2019 for AED 380,000, or AED 869 per sqft.
  • Rented since February 2022 on 3 Ejari contracts, from AED 20,000 to AED 38,000 a year.
  • At AED 38,000 a year the gross yield on the 2019 price is 10.0%, 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 26 January 2026.

Questions about 318, MAG 520

What did unit 318 last sell for?

AED 380,000 on 23 September 2019, sold by the developer: AED 869 per sqft for 437 sqft. It is the only registered sale of the unit.

What is the rent for unit 318?

AED 38,000 a year on the contract renewed on 26 January 2026. The previous contract, from January 2025, was AED 38,000; the unit has been rented since February 2022.

How big is unit 318?

437 sqft (40.6 sqm): a studio on the 3rd floor of a 6-storey tower completed in 2020.

What is unit 318 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 318, MAG 520

Starts from the last sale price (AED 380K, 23 September 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 →