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1-bed · 629 sqftMAG 520, Dubai South · 5th floor · completed 2020

501, MAG 520

Sold prices and rental history: sold twice, last in January 2024, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 501 · DLD and Ejari recordsUpdated 22 January 2024
Last soldAED 550K22 January 2024
Current rentAED 32K /yr26 December 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 501, MAG 520

What is 501 worth today?

Last sold for AED 550,000 in 2024

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22 Jan 2024SoldReady
AED 550,000AED 873 per sqft
26 Dec 2022RentedNew contract
AED 32,000/yr12 months · AED 51 per sqft
25 Dec 2021RentedNew contract
AED 28,000/yr12 months · AED 45 per sqft
15 Dec 2020RentedRenewal
AED 28,000/yr12 months · AED 45 per sqft
15 Dec 2019RentedNew contract
AED 30,000/yr12 months · AED 48 per sqft
5 Dec 2018Sold by developerOff-plan
AED 495,000AED 786 per sqft

Source: Dubai Land Department. Updated 22 January 2024.

Key facts

Type
1-bed apartment
Size
629 sqft
Floor
5th of 6
Parking
G-92
Developer
MAG
Completed
2020
Service charge
AED 11,200 /yr
Last sold
AED 550K · January 2024
Building
MAG 520

About 501, MAG 520

501 is a one-bedroom apartment of 629 sqft on the 5th floor of MAG 520, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 22 January 2024 for AED 550,000, or AED 873 per sqft, 21% above the AED 721 one-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, signed on 26 December 2022, is AED 32,000 a year: a gross yield of 5.8% on the 2024 price, before the service charge of about AED 11,200 a year.

Sales and rents for 501 over time

Sales
Unit 501, 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, December 2018: AED 495,000 (AED 786 per sqft)Sold, January 2024: AED 550,000 (AED 873 per sqft)

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

Rents
Unit 501, 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, December 2019: AED 30,000 a yearRenewal, December 2020: AED 28,000 a yearNew contract, December 2021: AED 28,000 a yearNew contract, December 2022: AED 32,000 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 501 sits

All 60 1-beds →

501 last sold in January 2024 at AED 873 per sqft, 21% above what one-beds in MAG 520 were fetching at the time (AED 721). 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. 501's AED 32,000 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 5th floor

All 131 units in MAG 520
Value
502StudioAED 357K · Mar 2019
503StudioAED 350K · Mar 2019
5041-bedAED 420K · Sep 2019
5052-bedAED 497K · Jul 2019
5061-bedAED 473K · Sep 2019
507StudioAED 357K · Jul 2019
508StudioAED 344K · Sep 2019
1–7 of 21

501, MAG 520 in numbers

  • Sold twice: first on 5 December 2018 for AED 495,000, last on 22 January 2024 for AED 550,000 (AED 873 per sqft).
  • Rented since December 2019 on 4 Ejari contracts, from AED 30,000 to AED 32,000 a year.
  • At AED 32,000 a year the gross yield on the 2024 price is 5.8%, before a service charge of about AED 11,200 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 22 January 2024.

Questions about 501, MAG 520

What did unit 501 last sell for?

AED 550,000 on 22 January 2024: AED 873 per sqft for 629 sqft. The unit has 2 registered sales; the first was AED 495,000 in December 2018.

What is the rent for unit 501?

AED 32,000 a year on the contract signed on 26 December 2022. The previous contract, from December 2021, was AED 28,000; the unit has been rented since December 2019.

How big is unit 501?

629 sqft (58.4 sqm): a one-bedroom apartment on the 5th floor of a 6-storey tower completed in 2020.

What is unit 501 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 501, MAG 520

Starts from the last sale price (AED 550K, 22 January 2024). Switch to today's estimate once you have unlocked it.
Price
AED 550,000
Deposit, UAE resident (20%)
AED 110,000
Deposit, non-resident (40%)
AED 220,000
Monthly over 25 years at 3.7%
AED 2,250

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