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

509, MAG 520

Sold prices and rental history: sold twice, last in March 2024, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 509 · DLD and Ejari recordsUpdated 20 March 2024
Last soldAED 380K20 March 2024
Current rentAED 25K /yr25 April 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 509, MAG 520

What is 509 worth today?

Last sold for AED 380,000 in 2024

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20 Mar 2024SoldReady
AED 380,000AED 794 per sqft
25 Apr 2022RentedNew contract
AED 25,000/yr12 months · AED 53 per sqft
20 Aug 2020RentedNew contract
AED 24,000/yr12 months · AED 51 per sqft
12 Aug 2020Sold by developerOff-plan
AED 420,000AED 878 per sqft

Source: Dubai Land Department. Updated 20 March 2024.

Key facts

Type
1-bed apartment
Size
478 sqft
Floor
5th of 6
Parking
G-100
Developer
MAG
Completed
2020
Service charge
AED 8,500 /yr
Last sold
AED 380K · March 2024
Building
MAG 520

About 509, MAG 520

509 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. It last sold on 20 March 2024 for AED 380,000, or AED 794 per sqft, 4% above the AED 761 one-beds in the building were fetching at the time.

It has been rented since 2020 on 2 Ejari contracts. The current contract, signed on 25 April 2022, is AED 25,000 a year: a gross yield of 6.6% on the 2024 price, before the service charge of about AED 8,500 a year.

Sales and rents for 509 over time

Sales
Unit 509, 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, August 2020: AED 420,000 (AED 878 per sqft)Sold, March 2024: AED 380,000 (AED 794 per sqft)

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

Rents
Unit 509, 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, August 2020: AED 24,000 a yearNew contract, April 2022: AED 25,000 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 509 sits

All 60 1-beds →

509 last sold in March 2024 at AED 794 per sqft, 4% above what one-beds in MAG 520 were fetching at the time (AED 761). 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. 509's AED 25,000 is at the bottom 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
5061-bedAED 473K · Sep 2019
507StudioAED 357K · Jul 2019
1–7 of 21

509, MAG 520 in numbers

  • Sold twice: first on 12 August 2020 for AED 420,000, last on 20 March 2024 for AED 380,000 (AED 794 per sqft).
  • Rented since August 2020 on 2 Ejari contracts, from AED 24,000 to AED 25,000 a year.
  • At AED 25,000 a year the gross yield on the 2024 price is 6.6%, 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 20 March 2024.

Questions about 509, MAG 520

What did unit 509 last sell for?

AED 380,000 on 20 March 2024: AED 794 per sqft for 478 sqft. The unit has 2 registered sales; the first was AED 420,000 in August 2020.

What is the rent for unit 509?

AED 25,000 a year on the contract signed on 25 April 2022. The previous contract, from August 2020, was AED 24,000.

How big is unit 509?

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

What is unit 509 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 509, MAG 520

Starts from the last sale price (AED 380K, 20 March 2024). Switch to today's estimate once you have unlocked it.
Price
AED 380,000
Deposit, UAE resident (20%)
AED 76,000
Deposit, non-resident (40%)
AED 152,000
Monthly over 25 years at 3.7%
AED 1,555

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