518, MAG 520
Sold prices and rental history: sold twice, last in June 2023, and rented once, from September 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 518, MAG 520
What is 518 worth today?
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Source: Dubai Land Department. Updated 26 June 2023.
Key facts
- Type
- Studio apartment
- Size
- 437 sqft
- Floor
- 5th of 6
- Parking
- G-109
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 7,700 /yr
- Last sold
- AED 333K · June 2023
- Building
- MAG 520
About 518, MAG 520
518 is a studio of 437 sqft on the 5th floor of MAG 520, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 26 June 2023 for AED 333,000, or AED 762 per sqft, 4% below the AED 796 studios in the building were fetching at the time.
One Ejari contract is registered, from 3 September 2021. The current contract, signed on 3 September 2021, is AED 24,000 a year: a gross yield of 7.2% on the 2023 price, before the service charge of about AED 7,700 a year.
Sales and rents for 518 over time
518 has sold twice; 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 518 sits
All 60 studios →518 last sold in June 2023 at AED 762 per sqft, 4% below what studios in MAG 520 were fetching at the time (AED 796). 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. 518's AED 24,000 is at the bottom of that range.
| 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 | |
| 516 | Studio | 410 sqft | AED 376KAED 376,000 · Jun 2019June 2019 | ||
| 517 | Studio | 437 sqft | AED 380KAED 380,000 · Sep 2019September 2019 | 40,000 /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 |
518, MAG 520 in numbers
- Sold twice: first on 20 March 2019 for AED 380,000, last on 26 June 2023 for AED 333,000 (AED 762 per sqft).
- Rented since September 2021 on one Ejari contract, at AED 24,000 a year.
- At AED 24,000 a year the gross yield on the 2023 price is 7.2%, before a service charge of about AED 7,700 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 26 June 2023.
Questions about 518, MAG 520
What did unit 518 last sell for?
AED 333,000 on 26 June 2023: AED 762 per sqft for 437 sqft. The unit has 2 registered sales; the first was AED 380,000 in March 2019.
What is the rent for unit 518?
AED 24,000 a year on the contract signed on 3 September 2021.
How big is unit 518?
437 sqft (40.6 sqm): a studio on the 5th floor of a 6-storey tower completed in 2020.
What is unit 518 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 518, MAG 520
Starts from the last sale price (AED 333K, 26 June 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 333,000
- Deposit, UAE resident (20%)
- AED 66,600
- Deposit, non-resident (40%)
- AED 133,200
- Monthly over 25 years at 3.7%
- AED 1,362
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →