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Studio · 389 sqftMAG 520, Dubai South · 5th floor · completed 2020

502, MAG 520

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

Unit 502 · DLD and Ejari recordsUpdated 15 July 2026
Last soldAED 357K20 March 2019
Current rentAED 38K /yr15 July 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 502, MAG 520

What is 502 worth today?

Last sold for AED 357,000 in 2019

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15 Jul 2026RentedNew contract
AED 38,000/yr12 months · AED 98 per sqft
17 Jun 2025RentedNew contract
AED 35,000/yr12 months · AED 90 per sqft
17 Jun 2024RentedNew contract
AED 35,000/yr12 months · AED 90 per sqft
7 Mar 2023RentedNew contract
AED 28,000/yr12 months · AED 72 per sqft
1 Oct 2020RentedNew contract
AED 17,000/yr12 months · AED 44 per sqft
20 Mar 2019Sold by developerOff-plan
AED 357,000AED 917 per sqft

Source: Dubai Land Department. Updated 15 July 2026.

Key facts

Type
Studio apartment
Size
389 sqft
Floor
5th of 6
Parking
G-93
Developer
MAG
Completed
2020
Service charge
AED 6,900 /yr
Last sold
AED 357K · March 2019
Building
MAG 520

About 502, MAG 520

502 is a studio of 389 sqft on the 5th floor of MAG 520, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 20 March 2019 for AED 357,000, or AED 917 per sqft, in line with the AED 944 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, signed on 15 July 2026, is AED 38,000 a year: a gross yield of 10.6% on the 2019 price, before the service charge of about AED 6,900 a year.

Sales and rents for 502 over time

Sales
Unit 502, 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, March 2019: AED 357,000 (AED 917 per sqft)

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

Rents
Unit 502, 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, October 2020: AED 17,000 a yearNew contract, March 2023: AED 28,000 a yearNew contract, June 2024: AED 35,000 a yearNew contract, June 2025: AED 35,000 a yearNew contract, July 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 502 sits

All 60 studios →

502 last sold in March 2019 at AED 917 per sqft, in line with what studios in MAG 520 were fetching at the time (AED 944). 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. 502'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 5th floor

All 131 units in MAG 520
Value
5011-bedAED 550K · Jan 2024
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

502, MAG 520 in numbers

  • Sold once: by MAG on 20 March 2019 for AED 357,000, or AED 917 per sqft.
  • Rented since October 2020 on 5 Ejari contracts, from AED 17,000 to AED 38,000 a year.
  • At AED 38,000 a year the gross yield on the 2019 price is 10.6%, before a service charge of about AED 6,900 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 15 July 2026.

Questions about 502, MAG 520

What did unit 502 last sell for?

AED 357,000 on 20 March 2019, sold by the developer: AED 917 per sqft for 389 sqft. It is the only registered sale of the unit.

What is the rent for unit 502?

AED 38,000 a year on the contract signed on 15 July 2026. The previous contract, from June 2025, was AED 35,000; the unit has been rented since October 2020.

How big is unit 502?

389 sqft (36.1 sqm): a studio on the 5th floor of a 6-storey tower completed in 2020.

What is unit 502 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 502, MAG 520

Starts from the last sale price (AED 357K, 20 March 2019). Switch to today's estimate once you have unlocked it.
Price
AED 357,000
Deposit, UAE resident (20%)
AED 71,400
Deposit, non-resident (40%)
AED 142,800
Monthly over 25 years at 3.7%
AED 1,461

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