617, MAG 520
Sold prices and rental history: sold once, by the developer in September 2019, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 617, MAG 520
What is 617 worth today?
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Source: Dubai Land Department. Updated 1 April 2023.
Key facts
- Type
- Studio apartment
- Size
- 437 sqft
- Floor
- 6th of 6
- Parking
- G-130
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 7,700 /yr
- Last sold
- AED 380K · September 2019
- Building
- MAG 520
About 617, MAG 520
617 is a studio of 437 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 24 September 2019 for AED 380,000, or AED 869 per sqft, 9% below the AED 956 studios in the building were fetching at the time.
It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 1 April 2023, is AED 21,000 a year: a gross yield of 5.5% on the 2019 price, before the service charge of about AED 7,700 a year.
Sales and rents for 617 over time
617 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 617 sits
All 60 studios →617 last sold in September 2019 at AED 869 per sqft, 9% below 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. 617's AED 21,000 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 6th floor
All 131 units in MAG 520| ValueToday's value | |||||
|---|---|---|---|---|---|
| 601 | 1-bed | 629 sqft | AED 468KAED 468,448 · Jul 2019July 2019 | 28,200 /yr | |
| 602 | Studio | 389 sqft | AED 380KAED 380,000 · Jul 2019July 2019 | 26,565 /yr | |
| 603 | Studio | 365 sqft | AED 470KAED 470,000 · Jul 2026July 2026 | 40,000 /yr | |
| 604 | 1-bed | 478 sqft | AED 396KAED 395,555 · Sep 2020September 2020 | 46,000 /yr | |
| 605 | 2-bed | 669 sqft | AED 497KAED 497,000 · Jul 2019July 2019 | 52,000 /yr | |
| 606 | 1-bed | 483 sqft | AED 570KAED 570,000 · Oct 2026October 2026 | 45,000 /yr | |
| 607 | Studio | 389 sqft | AED 499KAED 499,000 · Apr 2026April 2026 | 27,000 /yr | |
| 608 | Studio | 349 sqft | AED 351KAED 350,840 · Jul 2019July 2019 | 44,000 /yr | |
| 609 | 1-bed | 478 sqft | AED 440KAED 440,000 · May 2019May 2019 | 28,349 /yr | |
| 610 | 2-bed | 667 sqft | AED 540KAED 540,000 · May 2019May 2019 | ||
| 611 | 1-bed | 483 sqft | AED 426KAED 426,000 · Dec 2018December 2018 | 46,000 /yr | |
| 612 | 1-bed | 657 sqft | AED 519KAED 519,000 · May 2019May 2019 | 37,855 /yr | |
| 613 | 1-bed | 623 sqft | AED 450KAED 449,708 · Sep 2022September 2022 | 55,000 /yr | |
| 614 | 1-bed | 638 sqft | AED 480KAED 480,000 · Oct 2019October 2019 | 52,000 /yr | |
| 615 | Studio | 410 sqft | AED 380KAED 380,000 · Sep 2019September 2019 | 45,000 /yr | |
| 616 | Studio | 410 sqft | AED 272KAED 272,181 · Apr 2021April 2021 | 36,000 /yr | |
| 618 | Studio | 437 sqft | AED 410KAED 410,000 · May 2024May 2024 | 43,000 /yr | |
| 619 | 1-bed | 514 sqft | AED 360KAED 360,000 · Nov 2020November 2020 | 55,000 /yr | |
| 620 | 1-bed | 514 sqft | AED 400KAED 400,000 · Jul 2023July 2023 | 33,000 /yr | |
| 621 | Studio | 360 sqft | AED 357KAED 357,000 · May 2019May 2019 | 44,000 /yr | |
| 622 | Studio | 360 sqft | AED 357KAED 357,000 · May 2019May 2019 | 44,000 /yr |
617, MAG 520 in numbers
- Sold once: by MAG on 24 September 2019 for AED 380,000, or AED 869 per sqft.
- Rented since February 2022 on 3 Ejari contracts, at AED 21,000 a year.
- At AED 21,000 a year the gross yield on the 2019 price is 5.5%, 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 1 April 2023.
Questions about 617, MAG 520
What did unit 617 last sell for?
AED 380,000 on 24 September 2019, sold by the developer: AED 869 per sqft for 437 sqft. It is the only registered sale of the unit.
What is the rent for unit 617?
AED 21,000 a year on the contract renewed on 1 April 2023. The previous contract, from April 2022, was AED 21,000; the unit has been rented since February 2022.
How big is unit 617?
437 sqft (40.6 sqm): a studio on the 6th floor of a 6-storey tower completed in 2020.
What is unit 617 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 617, MAG 520
Starts from the last sale price (AED 380K, 24 September 2019). 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 →