516, MAG 520
Sold prices and rental history: sold once, by the developer in June 2019, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 516, MAG 520
What is 516 worth today?
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Source: Dubai Land Department. Updated 10 June 2019.
Key facts
- Type
- Studio apartment
- Size
- 410 sqft
- Floor
- 5th of 6
- Parking
- G-107
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 7,300 /yr
- Last sold
- AED 376K · June 2019
- Building
- MAG 520
About 516, MAG 520
516 is a studio of 410 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 10 June 2019 for AED 376,000, or AED 916 per sqft, 8% below the AED 991 studios in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 516 over time
516 has sold once; the dashed line is the studio median of each year in the building.
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 516 sits
All 60 studios →516 last sold in June 2019 at AED 916 per sqft, 8% below what studios in MAG 520 were fetching at the time (AED 991). 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.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 4 Nov 20264 November 2026 | 387 sqft | 450,000 | 1,162 | ||
| 15 Jul 202615 July 2026 | 365 sqft | 470,000 | 1,287 | ||
| 7 Apr 20267 April 2026 | 389 sqft | 499,000 | 1,282 | ||
| 27 Feb 202627 February 2026 | 347 sqft | 530,000 | 1,525 |
MAG 520
Building131 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%
Other units on the 5th floor
All 131 units in MAG 520| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 629 sqft | AED 550KAED 550,000 · Jan 2024January 2024 | 32,000 /yr | |
| 502 | Studio | 389 sqft | AED 357KAED 357,000 · Mar 2019March 2019 | 38,000 /yr | |
| 503 | Studio | 365 sqft | AED 350KAED 350,000 · Mar 2019March 2019 | 38,000 /yr | |
| 504 | 1-bed | 478 sqft | AED 420KAED 420,000 · Sep 2019September 2019 | 46,000 /yr | |
| 505 | 2-bed | 669 sqft | AED 497KAED 497,000 · Jul 2019July 2019 | 50,000 /yr | |
| 506 | 1-bed | 483 sqft | AED 473KAED 473,360 · Sep 2019September 2019 | 33,605 /yr | |
| 507 | Studio | 389 sqft | AED 357KAED 357,000 · Jul 2019July 2019 | ||
| 508 | Studio | 349 sqft | AED 344KAED 343,606 · Sep 2019September 2019 | 35,000 /yr | |
| 509 | 1-bed | 478 sqft | AED 380KAED 380,000 · Mar 2024March 2024 | 25,000 /yr | |
| 510 | 2-bed | 667 sqft | AED 569KAED 568,555 · Jun 2019June 2019 | 60,000 /yr | |
| 511 | 1-bed | 483 sqft | AED 420KAED 420,000 · Apr 2019April 2019 | 52,000 /yr | |
| 512 | 1-bed | 657 sqft | AED 570KAED 570,000 · Dec 2024December 2024 | 50,000 /yr | |
| 513 | 1-bed | 623 sqft | AED 480KAED 480,000 · Jul 2019July 2019 | 36,000 /yr | |
| 514 | 1-bed | 638 sqft | AED 480KAED 480,000 · Jul 2019July 2019 | 35,000 /yr | |
| 515 | Studio | 410 sqft | AED 391KAED 391,000 · Jul 2019July 2019 | 28,817 /yr | |
| 517 | Studio | 437 sqft | AED 380KAED 380,000 · Sep 2019September 2019 | 40,000 /yr | |
| 518 | Studio | 437 sqft | AED 333KAED 333,000 · Jun 2023June 2023 | 24,000 /yr | |
| 519 | 1-bed | 257 sqft | AED 160KAED 160,000 · Sep 2023September 2023 | 55,000 /yr | |
| 520 | 1-bed | 514 sqft | AED 470KAED 470,000 · Jul 2024July 2024 | 50,000 /yr | |
| 521 | Studio | 360 sqft | AED 357KAED 357,000 · May 2019May 2019 | 20,000 /yr | |
| 522 | Studio | 360 sqft | AED 260KAED 260,000 · Nov 2021November 2021 |
516, MAG 520 in numbers
- Sold once: by MAG on 10 June 2019 for AED 376,000, or AED 916 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 10 June 2019.
Questions about 516, MAG 520
What did unit 516 last sell for?
AED 376,000 on 10 June 2019, sold by the developer: AED 916 per sqft for 410 sqft. It is the only registered sale of the unit.
How big is unit 516?
410 sqft (38.1 sqm): a studio on the 5th floor of a 6-storey tower completed in 2020.
What is unit 516 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.
Selling 516? Put it on the OpenOffers board
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Mortgage on 516, MAG 520
Starts from the last sale price (AED 376K, 10 June 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 376,000
- Deposit, UAE resident (20%)
- AED 75,200
- Deposit, non-resident (40%)
- AED 150,400
- Monthly over 25 years at 3.7%
- AED 1,538
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →