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Studio · 410 sqftMAG 520, Dubai South · 4th floor · completed 2020

416, MAG 520

Sold prices and rental history: sold once, by the developer in May 2019, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 416 · DLD and Ejari recordsUpdated 2 September 2026
Last soldAED 380K20 May 2019
Current rentAED 40K /yr2 September 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 416, MAG 520

What is 416 worth today?

Last sold for AED 380,000 in 2019

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2 Sep 2026RentedNew contract
AED 40,000/yr12 months · AED 98 per sqft
30 Sep 2025RentedNew contract
AED 42,000/yr12 months · AED 102 per sqft
8 Sep 2024RentedNew contract
AED 38,000/yr12 months · AED 93 per sqft
1 Sep 2023RentedNew contract
AED 30,000/yr12 months · AED 73 per sqft
1 Mar 2023RentedNew contract
AED 26,000/yr12 months · AED 63 per sqft
1 Mar 2022RentedRenewal
AED 22,000/yr12 months · AED 54 per sqft
1 Mar 2021RentedNew contract
AED 21,000/yr12 months · AED 51 per sqft
20 May 2019Sold by developerOff-plan
AED 380,000AED 926 per sqft

Source: Dubai Land Department. Updated 2 September 2026.

Key facts

Type
Studio apartment
Size
410 sqft
Floor
4th of 6
Parking
G-85
Developer
MAG
Completed
2020
Service charge
AED 7,300 /yr
Last sold
AED 380K · May 2019
Building
MAG 520

About 416, MAG 520

416 is a studio of 410 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 20 May 2019 for AED 380,000, or AED 926 per sqft, 7% below the AED 991 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 7 Ejari contracts. The current contract, signed on 2 September 2026, is AED 40,000 a year: a gross yield of 10.5% on the 2019 price, before the service charge of about AED 7,300 a year.

Sales and rents for 416 over time

Sales
Unit 416, 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 380,000 (AED 926 per sqft)

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

Rents
Unit 416, 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, March 2021: AED 21,000 a yearRenewal, March 2022: AED 22,000 a yearNew contract, March 2023: AED 26,000 a yearNew contract, September 2023: AED 30,000 a yearNew contract, September 2024: AED 38,000 a yearNew contract, September 2025: AED 42,000 a yearNew contract, September 2026: AED 40,000 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 416 sits

All 60 studios →

416 last sold in May 2019 at AED 926 per sqft, 7% below what studios in MAG 520 were fetching at the time (AED 991). 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. 416's AED 40,000 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

416, MAG 520 in numbers

  • Sold once: by MAG on 20 May 2019 for AED 380,000, or AED 926 per sqft.
  • Rented since March 2021 on 7 Ejari contracts, from AED 21,000 to AED 40,000 a year.
  • At AED 40,000 a year the gross yield on the 2019 price is 10.5%, 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 2 September 2026.

Questions about 416, MAG 520

What did unit 416 last sell for?

AED 380,000 on 20 May 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 416?

AED 40,000 a year on the contract signed on 2 September 2026. The previous contract, from September 2025, was AED 42,000; the unit has been rented since March 2021.

How big is unit 416?

410 sqft (38.1 sqm): a studio on the 4th floor of a 6-storey tower completed in 2020.

What is unit 416 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 416, MAG 520

Starts from the last sale price (AED 380K, 20 May 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 →