Home
Dubai prices
About
Research
Studio · 347 sqftMAG 520, Dubai South · 4th floor · completed 2020

408, MAG 520

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

Unit 408 · DLD and Ejari recordsUpdated 13 April 2026
Last soldAED 195K1 August 2022
Current rentAED 43K /yr13 April 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 408

Property timeline for 408, MAG 520

What is 408 worth today?

Last sold for AED 195,000 in 2022

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

13 Apr 2026RentedRenewal
AED 43,000/yr12 months · AED 125 per sqft
13 Apr 2025RentedNew contract
AED 41,500/yr12 months · AED 120 per sqft
13 Apr 2025RentedNew contract
AED 41,500/yr12 months · AED 120 per sqft
21 Nov 2023RentedNew contract
AED 30,000/yr12 months · AED 87 per sqft
1 Oct 2022RentedNew contract
AED 20,000/yr12 months · AED 58 per sqft
1 Aug 2022SoldReady
AED 195,000AED 561 per sqft
20 May 2019Sold by developerOff-plan
AED 347,000AED 998 per sqft

Source: Dubai Land Department. Updated 13 April 2026.

Key facts

Type
Studio apartment
Size
347 sqft
Floor
4th of 6
Parking
G-77
Developer
MAG
Completed
2020
Service charge
AED 6,200 /yr
Last sold
AED 195K · August 2022
Building
MAG 520

About 408, MAG 520

408 is a studio of 347 sqft on the 4th floor of MAG 520, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 1 August 2022 for AED 195,000, or AED 561 per sqft, 23% below the AED 724 studios in the building were fetching at the time.

It has been rented continuously since 2022 on 5 Ejari contracts. The current contract, renewed on 13 April 2026, is AED 43,000 a year: a gross yield of 22.1% on the 2022 price, before the service charge of about AED 6,200 a year.

Sales and rents for 408 over time

Sales
Unit 408, each saleTypical studio in MAG 520
200K400K2018202120242027Typical 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 195,000 (AED 561 per sqft)

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

Rents
Unit 408, 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, October 2022: AED 20,000 a yearNew contract, November 2023: AED 30,000 a yearNew contract, April 2025: AED 41,500 a yearNew contract, April 2025: AED 41,500 a yearRenewal, April 2026: AED 43,000 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 408 sits

All 60 studios →

408 last sold in August 2022 at AED 561 per sqft, 23% below what studios in MAG 520 were fetching at the time (AED 724). 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. 408's AED 43,000 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 4th floor

All 131 units in MAG 520
Value
4011-bedAED 480K · Sep 2019
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
1–7 of 20

408, MAG 520 in numbers

  • Sold twice: first on 20 May 2019 for AED 347,000, last on 1 August 2022 for AED 195,000 (AED 561 per sqft).
  • Rented since October 2022 on 5 Ejari contracts, from AED 20,000 to AED 43,000 a year.
  • At AED 43,000 a year the gross yield on the 2022 price is 22.1%, 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 13 April 2026.

Questions about 408, MAG 520

What did unit 408 last sell for?

AED 195,000 on 1 August 2022: AED 561 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 408?

AED 43,000 a year on the contract renewed on 13 April 2026. The previous contract, from April 2025, was AED 41,500; the unit has been rented since October 2022.

How big is unit 408?

347 sqft (32.2 sqm): a studio on the 4th floor of a 6-storey tower completed in 2020.

What is unit 408 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.

Selling 408? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 408, MAG 520

Starts from the last sale price (AED 195K, 1 August 2022). Switch to today's estimate once you have unlocked it.
Price
AED 195,000
Deposit, UAE resident (20%)
AED 39,000
Deposit, non-resident (40%)
AED 78,000
Monthly over 25 years at 3.7%
AED 798

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