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1-bed · 478 sqftMAG 520, Dubai South · 5th floor · completed 2020

504, 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 504 · DLD and Ejari recordsUpdated 17 November 2024
Last soldAED 420K24 September 2019
Current rentAED 46K /yr17 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 504, MAG 520

What is 504 worth today?

Last sold for AED 420,000 in 2019

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17 Nov 2024RentedNew contract
AED 46,000/yr12 months · AED 96 per sqft
20 Jun 2023RentedRenewal
AED 29,000/yr12 months · AED 61 per sqft
20 Jun 2022RentedNew contract
AED 27,000/yr12 months · AED 56 per sqft
10 Sep 2021RentedNew contract
AED 21,500/yr12 months · AED 45 per sqft
1 Mar 2020RentedNew contract
AED 30,000/yr12 months · AED 63 per sqft
24 Sep 2019Sold by developerOff-plan
AED 420,000AED 878 per sqft

Source: Dubai Land Department. Updated 17 November 2024.

Key facts

Type
1-bed apartment
Size
478 sqft
Floor
5th of 6
Parking
G-95
Developer
MAG
Completed
2020
Service charge
AED 8,500 /yr
Last sold
AED 420K · September 2019
Building
MAG 520

About 504, MAG 520

504 is a one-bedroom apartment of 478 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 24 September 2019 for AED 420,000, or AED 878 per sqft, in line with the AED 859 one-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, signed on 17 November 2024, is AED 46,000 a year: a gross yield of 10.9% on the 2019 price, before the service charge of about AED 8,500 a year.

Sales and rents for 504 over time

Sales
Unit 504, 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 420,000 (AED 878 per sqft)

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

Rents
Unit 504, 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, March 2020: AED 30,000 a yearNew contract, September 2021: AED 21,500 a yearNew contract, June 2022: AED 27,000 a yearRenewal, June 2023: AED 29,000 a yearNew contract, November 2024: AED 46,000 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 504 sits

All 60 1-beds →

504 last sold in September 2019 at AED 878 per sqft, in line with what one-beds in MAG 520 were fetching at the time (AED 859). 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. 504's AED 46,000 is in the upper 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
5011-bedAED 550K · Jan 2024
502StudioAED 357K · Mar 2019
503StudioAED 350K · Mar 2019
5052-bedAED 497K · Jul 2019
5061-bedAED 473K · Sep 2019
507StudioAED 357K · Jul 2019
508StudioAED 344K · Sep 2019
1–7 of 21

504, MAG 520 in numbers

  • Sold once: by MAG on 24 September 2019 for AED 420,000, or AED 878 per sqft.
  • Rented since March 2020 on 5 Ejari contracts. The rent fell from AED 30,000 to AED 21,500 in 2021 and recovered to AED 46,000 by November 2024.
  • At AED 46,000 a year the gross yield on the 2019 price is 10.9%, before a service charge of about AED 8,500 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 17 November 2024.

Questions about 504, MAG 520

What did unit 504 last sell for?

AED 420,000 on 24 September 2019, sold by the developer: AED 878 per sqft for 478 sqft. It is the only registered sale of the unit.

What is the rent for unit 504?

AED 46,000 a year on the contract signed on 17 November 2024. The previous contract, from June 2023, was AED 29,000; the unit has been rented since March 2020.

How big is unit 504?

478 sqft (44.4 sqm): a one-bedroom apartment on the 5th floor of a 6-storey tower completed in 2020.

What is unit 504 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 504, MAG 520

Starts from the last sale price (AED 420K, 24 September 2019). Switch to today's estimate once you have unlocked it.
Price
AED 420,000
Deposit, UAE resident (20%)
AED 84,000
Deposit, non-resident (40%)
AED 168,000
Monthly over 25 years at 3.7%
AED 1,718

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