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Studio · 360 sqftMAG 520, Dubai South · 6th floor · completed 2020

622, MAG 520

Sold prices and rental history: sold once, by the developer in May 2019, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 622 · DLD and Ejari recordsUpdated 1 March 2026
Last soldAED 357K13 May 2019
Current rentAED 44K /yr1 March 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 622, MAG 520

What is 622 worth today?

Last sold for AED 357,000 in 2019

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1 Mar 2026RentedNew contract
AED 44,000/yr12 months · AED 124 per sqft
15 Feb 2025RentedRenewal
AED 41,200/yr12 months · AED 114 per sqft
15 Feb 2025RentedRenewal
AED 41,200/yr12 months · AED 114 per sqft
15 Feb 2024RentedNew contract
AED 28,000/yr12 months · AED 78 per sqft
21 Jan 2022RentedNew contract
AED 21,000/yr13 months · AED 59 per sqft
13 May 2019Sold by developerOff-plan
AED 357,000AED 991 per sqft

Source: Dubai Land Department. Updated 1 March 2026.

Key facts

Type
Studio apartment
Size
360 sqft
Floor
6th of 6
Parking
G-16
Developer
MAG
Completed
2020
Service charge
AED 6,400 /yr
Last sold
AED 357K · May 2019
Building
MAG 520

About 622, MAG 520

622 is a studio of 360 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 13 May 2019 for AED 357,000, or AED 991 per sqft, 3% above the AED 958 studios in the building were fetching at the time.

It has been rented continuously since 2022 on 5 Ejari contracts. The current contract, signed on 1 March 2026, is AED 44,000 a year: a gross yield of 12.3% on the 2019 price, before the service charge of about AED 6,400 a year.

Sales and rents for 622 over time

Sales
Unit 622, each saleTypical studio in MAG 520
300K400K500K2018202120242027Typical sale price by year: 2018 AED 360,000; 2019 AED 365,000; 2021 AED 271,874; 2023 AED 310,000; 2024 AED 390,000; 2026 AED 484,500Sold by developer, May 2019: AED 357,000 (AED 991 per sqft)

622 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 622, each contractTypical studio in MAG 520
20K40K2020202220242026Typical rent by year: 2020 AED 20,000; 2021 AED 18,000; 2022 AED 20,000; 2023 AED 23,000; 2024 AED 34,500; 2025 AED 38,000; 2026 AED 37,000New contract, January 2022: AED 21,000 a yearNew contract, February 2024: AED 28,000 a yearRenewal, February 2025: AED 41,200 a yearRenewal, February 2025: AED 41,200 a yearNew contract, March 2026: AED 44,000 a year

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 622 sits

All 60 studios →

622 last sold in May 2019 at AED 991 per sqft, 3% above what studios in MAG 520 were fetching at the time (AED 958). 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. 622's AED 44,000 is in the upper half of that range.

Recent studio salesUnit no.Price (AED)Summary
4 Nov 2026450,000
15 Jul 2026470,000
7 Apr 2026499,000
27 Feb 2026530,000
4 studio 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

622, MAG 520 in numbers

  • Sold once: by MAG on 13 May 2019 for AED 357,000, or AED 991 per sqft.
  • Rented since January 2022 on 5 Ejari contracts, from AED 21,000 to AED 44,000 a year.
  • At AED 44,000 a year the gross yield on the 2019 price is 12.3%, before a service charge of about AED 6,400 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 March 2026.

Questions about 622, MAG 520

What did unit 622 last sell for?

AED 357,000 on 13 May 2019, sold by the developer: AED 991 per sqft for 360 sqft. It is the only registered sale of the unit.

What is the rent for unit 622?

AED 44,000 a year on the contract signed on 1 March 2026. The previous contract, from February 2025, was AED 41,200; the unit has been rented since January 2022.

How big is unit 622?

360 sqft (33.4 sqm): a studio on the 6th floor of a 6-storey tower completed in 2020.

What is unit 622 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 622, MAG 520

Starts from the last sale price (AED 357K, 13 May 2019). Switch to today's estimate once you have unlocked it.
Price
AED 357,000
Deposit, UAE resident (20%)
AED 71,400
Deposit, non-resident (40%)
AED 142,800
Monthly over 25 years at 3.7%
AED 1,461

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