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1-bed · 657 sqftMAG 520, Dubai South · 6th floor · completed 2020

612, MAG 520

Sold prices and rental history: sold once, by the developer in May 2019, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 612 · DLD and Ejari recordsUpdated 8 July 2023
Last soldAED 519K14 May 2019
Current rentAED 38K /yr8 July 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 612, MAG 520

What is 612 worth today?

Last sold for AED 519,000 in 2019

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8 Jul 2023RentedRenewal
AED 37,855/yr24 months · AED 58 per sqft
8 Jul 2022RentedNew contract
AED 30,000/yr12 months · AED 46 per sqft
1 Feb 2020RentedNew contract
AED 28,000/yr12 months · AED 43 per sqft
14 May 2019Sold by developerOff-plan
AED 519,000AED 789 per sqft

Source: Dubai Land Department. Updated 8 July 2023.

Key facts

Type
1-bed apartment
Size
657 sqft
Floor
6th of 6
Parking
G-125
Developer
MAG
Completed
2020
Service charge
AED 11,600 /yr
Last sold
AED 519K · May 2019
Building
MAG 520

About 612, MAG 520

612 is a one-bedroom apartment of 657 sqft on the 6th floor of MAG 520, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 14 May 2019 for AED 519,000, or AED 789 per sqft, 10% below the AED 879 one-beds in the building were fetching at the time.

It has been rented since 2020 on 3 Ejari contracts. The current contract, renewed on 8 July 2023, is AED 37,855 a year: a gross yield of 7.3% on the 2019 price, before the service charge of about AED 11,600 a year.

Sales and rents for 612 over time

Sales
Unit 612, 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, May 2019: AED 519,000 (AED 789 per sqft)

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

Rents
Unit 612, 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, February 2020: AED 28,000 a yearNew contract, July 2022: AED 30,000 a yearRenewal, July 2023: AED 37,855 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 612 sits

All 60 1-beds →

612 last sold in May 2019 at AED 789 per sqft, 10% below what one-beds in MAG 520 were fetching at the time (AED 879). 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. 612's AED 37,855 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 6th floor

All 131 units in MAG 520
Value
6011-bedAED 468K · Jul 2019
602StudioAED 380K · Jul 2019
603StudioAED 470K · Jul 2026
6041-bedAED 396K · Sep 2020
6052-bedAED 497K · Jul 2019
6061-bedAED 570K · Oct 2026
607StudioAED 499K · Apr 2026
1–7 of 21

612, MAG 520 in numbers

  • Sold once: by MAG on 14 May 2019 for AED 519,000, or AED 789 per sqft.
  • Rented since February 2020 on 3 Ejari contracts, from AED 28,000 to AED 37,855 a year.
  • At AED 37,855 a year the gross yield on the 2019 price is 7.3%, before a service charge of about AED 11,600 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 8 July 2023.

Questions about 612, MAG 520

What did unit 612 last sell for?

AED 519,000 on 14 May 2019, sold by the developer: AED 789 per sqft for 657 sqft. It is the only registered sale of the unit.

What is the rent for unit 612?

AED 37,855 a year on the contract renewed on 8 July 2023. The previous contract, from July 2022, was AED 30,000; the unit has been rented since February 2020.

How big is unit 612?

657 sqft (61.0 sqm): a one-bedroom apartment on the 6th floor of a 6-storey tower completed in 2020.

What is unit 612 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 612, MAG 520

Starts from the last sale price (AED 519K, 14 May 2019). Switch to today's estimate once you have unlocked it.
Price
AED 519,000
Deposit, UAE resident (20%)
AED 103,800
Deposit, non-resident (40%)
AED 207,600
Monthly over 25 years at 3.7%
AED 2,123

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