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Studio · 349 sqftMAG 520, Dubai South · 5th floor · completed 2020

508, MAG 520

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

Unit 508 · DLD and Ejari recordsUpdated 30 July 2026
Last soldAED 344K24 September 2019
Current rentAED 35K /yr30 July 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 508, MAG 520

What is 508 worth today?

Last sold for AED 343,606 in 2019

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30 Jul 2026RentedNew contract
AED 35,000/yr12 months · AED 100 per sqft
29 May 2025RentedRenewal
AED 40,000/yr12 months · AED 116 per sqft
29 May 2025RentedRenewal
AED 40,000/yr12 months · AED 116 per sqft
29 May 2024RentedNew contract
AED 40,000/yr12 months · AED 116 per sqft
1 May 2022RentedNew contract
AED 16,000/yr12 months · AED 46 per sqft
1 May 2021RentedNew contract
AED 16,000/yr12 months · AED 46 per sqft
24 Sep 2019Sold by developerOff-plan
AED 343,606AED 984 per sqft

Source: Dubai Land Department. Updated 30 July 2026.

Key facts

Type
Studio apartment
Size
349 sqft
Floor
5th of 6
Parking
G-99
Developer
MAG
Completed
2020
Service charge
AED 6,200 /yr
Last sold
AED 344K · September 2019
Building
MAG 520

About 508, MAG 520

508 is a studio of 349 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 343,606, or AED 984 per sqft, in line with the AED 956 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 6 Ejari contracts. The current contract, signed on 30 July 2026, is AED 35,000 a year: a gross yield of 10.2% on the 2019 price, before the service charge of about AED 6,200 a year.

Sales and rents for 508 over time

Sales
Unit 508, 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, September 2019: AED 343,606 (AED 984 per sqft)

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

Rents
Unit 508, 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, May 2021: AED 16,000 a yearNew contract, May 2022: AED 16,000 a yearNew contract, May 2024: AED 40,000 a yearRenewal, May 2025: AED 40,000 a yearRenewal, May 2025: AED 40,000 a yearNew contract, July 2026: AED 35,000 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 508 sits

All 60 studios →

508 last sold in September 2019 at AED 984 per sqft, in line with what studios in MAG 520 were fetching at the time (AED 956). 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. 508's AED 35,000 is in the lower 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
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
1–7 of 21

508, MAG 520 in numbers

  • Sold once: by MAG on 24 September 2019 for AED 343,606, or AED 984 per sqft.
  • Rented since May 2021 on 6 Ejari contracts, from AED 16,000 to AED 35,000 a year.
  • At AED 35,000 a year the gross yield on the 2019 price is 10.2%, before a service charge of about AED 6,200 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 30 July 2026.

Questions about 508, MAG 520

What did unit 508 last sell for?

AED 343,606 on 24 September 2019, sold by the developer: AED 984 per sqft for 349 sqft. It is the only registered sale of the unit.

What is the rent for unit 508?

AED 35,000 a year on the contract signed on 30 July 2026. The previous contract, from May 2025, was AED 40,000; the unit has been rented since May 2021.

How big is unit 508?

349 sqft (32.4 sqm): a studio on the 5th floor of a 6-storey tower completed in 2020.

What is unit 508 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 508, MAG 520

Starts from the last sale price (AED 344K, 24 September 2019). Switch to today's estimate once you have unlocked it.
Price
AED 343,606
Deposit, UAE resident (20%)
AED 68,721
Deposit, non-resident (40%)
AED 137,442
Monthly over 25 years at 3.7%
AED 1,406

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