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1-bed · 628 sqftMAG 520, Dubai South · 4th floor · completed 2020

401, MAG 520

Sold prices and rental history: sold once, by the developer in September 2019, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 401 · DLD and Ejari recordsUpdated 1 December 2024
Last soldAED 480K23 September 2019
Current rentAED 38K /yr1 December 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 401, MAG 520

What is 401 worth today?

Last sold for AED 480,000 in 2019

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1 Dec 2024RentedRenewal
AED 37,500/yr12 months · AED 60 per sqft
1 Dec 2023RentedRenewal
AED 30,000/yr12 months · AED 48 per sqft
1 Dec 2022RentedNew contract
AED 30,000/yr12 months · AED 48 per sqft
25 Jun 2021RentedRenewal
AED 25,000/yr12 months · AED 40 per sqft
25 Jun 2020RentedNew contract
AED 26,000/yr12 months · AED 42 per sqft
23 Sep 2019Sold by developerOff-plan
AED 480,000AED 763 per sqft

Source: Dubai Land Department. Updated 1 December 2024.

Key facts

Type
1-bed apartment
Size
628 sqft
Floor
4th of 6
Parking
G-70
Developer
MAG
Completed
2020
Service charge
AED 11,100 /yr
Last sold
AED 480K · September 2019
Building
MAG 520

About 401, MAG 520

401 is a one-bedroom apartment of 628 sqft on the 4th 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 480,000, or AED 763 per sqft, 10% below the AED 848 one-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, renewed on 1 December 2024, is AED 37,500 a year: a gross yield of 7.8% on the 2019 price, before the service charge of about AED 11,100 a year.

Sales and rents for 401 over time

Sales
Unit 401, each saleTypical one-bed in MAG 520
400K600K2018202120242027Typical sale price by year: 2018 AED 467,000; 2019 AED 468,448; 2020 AED 480,000; 2021 AED 354,910; 2022 AED 449,708; 2023 AED 400,000; 2024 AED 490,000; 2025 AED 600,000; 2026 AED 590,000Sold by developer, September 2019: AED 480,000 (AED 763 per sqft)

401 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 401, each contractTypical one-bed in MAG 520
20K40K20192021202320252027Typical rent by year: 2019 AED 26,500; 2020 AED 25,000; 2021 AED 24,000; 2022 AED 26,000; 2023 AED 28,421; 2024 AED 37,500; 2025 AED 42,000; 2026 AED 48,000New contract, June 2020: AED 26,000 a yearRenewal, June 2021: AED 25,000 a yearNew contract, December 2022: AED 30,000 a yearRenewal, December 2023: AED 30,000 a yearRenewal, December 2024: AED 37,500 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in MAG 520, and where 401 sits

All 60 1-beds →

401 last sold in September 2019 at AED 763 per sqft, 10% below what one-beds in MAG 520 were fetching at the time (AED 848). Over the last 12 months one-beds sold for AED 500,000 to 670,000, around AED 1,174 per sqft, and rent for AED 30,000 to 60,000 a year. 401's AED 37,500 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
24 Oct 2026570,000
7 Aug 2026670,000
23 Jun 2026600,000
24 Apr 2026500,000
6 1-bed 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 4th floor

All 131 units in MAG 520
Value
402StudioAED 360K · Jul 2019
403StudioAED 365K · Sep 2019
4041-bedAED 325K · Oct 2021
4052-bedAED 497K · May 2019
4061-bedAED 400K · Sep 2023
407StudioAED 380K · Sep 2019
408StudioAED 195K · Aug 2022
1–7 of 20

401, MAG 520 in numbers

  • Sold once: by MAG on 23 September 2019 for AED 480,000, or AED 763 per sqft.
  • Rented since June 2020 on 5 Ejari contracts, from AED 26,000 to AED 37,500 a year.
  • At AED 37,500 a year the gross yield on the 2019 price is 7.8%, before a service charge of about AED 11,100 a year (AED 17.72 per sqft).
  • One-beds in MAG 520 sold for AED 500,000–670,000 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 December 2024.

Questions about 401, MAG 520

What did unit 401 last sell for?

AED 480,000 on 23 September 2019, sold by the developer: AED 763 per sqft for 628 sqft. It is the only registered sale of the unit.

What is the rent for unit 401?

AED 37,500 a year on the contract renewed on 1 December 2024. The previous contract, from December 2023, was AED 30,000; the unit has been rented since June 2020.

How big is unit 401?

628 sqft (58.3 sqm): a one-bedroom apartment on the 4th floor of a 6-storey tower completed in 2020.

What is unit 401 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in MAG 520 sold for AED 500,000 to 670,000 in the last 12 months, around AED 1,174 per sqft.

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Mortgage on 401, MAG 520

Starts from the last sale price (AED 480K, 23 September 2019). Switch to today's estimate once you have unlocked it.
Price
AED 480,000
Deposit, UAE resident (20%)
AED 96,000
Deposit, non-resident (40%)
AED 192,000
Monthly over 25 years at 3.7%
AED 1,964

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