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1-bed · 483 sqftMAG 520, Dubai South · 5th floor · completed 2020

506, MAG 520

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

Unit 506 · DLD and Ejari recordsUpdated 20 March 2026
Last soldAED 473K24 September 2019
Current rentAED 34K /yr20 March 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 506, MAG 520

What is 506 worth today?

Last sold for AED 473,360 in 2019

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20 Mar 2026RentedRenewal
AED 33,605/yr12 months · AED 69 per sqft
20 Mar 2025RentedRenewal
AED 29,222/yr12 months · AED 60 per sqft
20 Mar 2024RentedRenewal
AED 26,565/yr12 months · AED 55 per sqft
20 Mar 2023RentedRenewal
AED 24,150/yr12 months · AED 50 per sqft
20 Mar 2022RentedNew contract
AED 23,000/yr12 months · AED 47 per sqft
31 Jan 2021RentedNew contract
AED 21,000/yr12 months · AED 43 per sqft
6 Dec 2019RentedNew contract
AED 27,000/yr12 months · AED 56 per sqft
24 Sep 2019Sold by developerOff-plan
AED 473,360AED 980 per sqft

Source: Dubai Land Department. Updated 20 March 2026.

Key facts

Type
1-bed apartment
Size
483 sqft
Floor
5th of 6
Parking
G-45
Developer
MAG
Completed
2020
Service charge
AED 8,600 /yr
Last sold
AED 473K · September 2019
Building
MAG 520

About 506, MAG 520

506 is a one-bedroom apartment of 483 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 473,360, or AED 980 per sqft, 14% above the AED 859 one-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 7 Ejari contracts. The current contract, renewed on 20 March 2026, is AED 33,605 a year: a gross yield of 7.1% on the 2019 price, before the service charge of about AED 8,600 a year.

Sales and rents for 506 over time

Sales
Unit 506, 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 473,360 (AED 980 per sqft)

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

Rents
Unit 506, 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 27,000 a yearNew contract, January 2021: AED 21,000 a yearNew contract, March 2022: AED 23,000 a yearRenewal, March 2023: AED 24,150 a yearRenewal, March 2024: AED 26,565 a yearRenewal, March 2025: AED 29,222 a yearRenewal, March 2026: AED 33,605 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 506 sits

All 60 1-beds →

506 last sold in September 2019 at AED 980 per sqft, 14% above 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. 506's AED 33,605 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
5011-bedAED 550K · Jan 2024
502StudioAED 357K · Mar 2019
503StudioAED 350K · Mar 2019
5041-bedAED 420K · Sep 2019
5052-bedAED 497K · Jul 2019
507StudioAED 357K · Jul 2019
508StudioAED 344K · Sep 2019
1–7 of 21

506, MAG 520 in numbers

  • Sold once: by MAG on 24 September 2019 for AED 473,360, or AED 980 per sqft.
  • Rented since December 2019 on 7 Ejari contracts. The rent fell from AED 27,000 to AED 21,000 in 2021 and recovered to AED 33,605 by March 2026.
  • At AED 33,605 a year the gross yield on the 2019 price is 7.1%, before a service charge of about AED 8,600 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 20 March 2026.

Questions about 506, MAG 520

What did unit 506 last sell for?

AED 473,360 on 24 September 2019, sold by the developer: AED 980 per sqft for 483 sqft. It is the only registered sale of the unit.

What is the rent for unit 506?

AED 33,605 a year on the contract renewed on 20 March 2026. The previous contract, from March 2025, was AED 29,222; the unit has been rented since December 2019.

How big is unit 506?

483 sqft (44.9 sqm): a one-bedroom apartment on the 5th floor of a 6-storey tower completed in 2020.

What is unit 506 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 506, MAG 520

Starts from the last sale price (AED 473K, 24 September 2019). Switch to today's estimate once you have unlocked it.
Price
AED 473,360
Deposit, UAE resident (20%)
AED 94,672
Deposit, non-resident (40%)
AED 189,344
Monthly over 25 years at 3.7%
AED 1,937

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