507, MAG 530
Sold prices and rental history: sold once, by the developer in April 2017, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 507, MAG 530
What is 507 worth today?
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Source: Dubai Land Department. Updated 1 January 2025.
Key facts
- Type
- Studio apartment
- Size
- 473 sqft
- Floor
- 5th of 6
- Parking
- G-68
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 7,600 /yr
- Last sold
- AED 433K · April 2017
- Building
- MAG 530
About 507, MAG 530
507 is a studio of 473 sqft on the 5th floor of MAG 530, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 30 April 2017 for AED 432,777, or AED 914 per sqft, 4% above the AED 880 studios in the building were fetching at the time.
It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, renewed on 1 January 2025, is AED 12,000 a year: a gross yield of 2.8% on the 2017 price, before the service charge of about AED 7,600 a year.
Sales and rents for 507 over time
507 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 530, and where 507 sits
All 12 studios →507 last sold in April 2017 at AED 914 per sqft, 4% above what studios in MAG 530 were fetching at the time (AED 880). Over the last 12 months studios sold for AED 540,000, around AED 1,133 per sqft, and rent for AED 30,000 to 48,000 a year. 507's AED 12,000 is at the bottom of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 18 Dec 202518 December 2025 | 476 sqft | 540,000 | 1,133 | ||
| 27 Sep 202427 September 2024 | 476 sqft | 455,000 | 955 | ||
| 27 Sep 202327 September 2023 | 476 sqft | 335,000 | 703 | ||
| 4 Jul 20234 July 2023 | 476 sqft | 320,000 | 671 |
MAG 530
Building92 apartments, studios to 3-bed over 6 floors in Dubai South, completed in 2020 by MAG. 5 sold in the last 12 months.
- Typical price per sqft
- AED 1,133
- Typical sale
- AED 795K
- Typical rent
- AED 50K /yr
- Typical yield
- 7.0%
Other units on the 5th floor
All 92 units in MAG 530| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,037 sqft | AED 795KAED 795,000 · Nov 2025November 2025 | 80,000 /yr | |
| 502 | 1-bed | 667 sqft | AED 549KAED 549,000 · Jun 2017June 2017 | 35,490 /yr | |
| 503 | Studio | 476 sqft | AED 540KAED 540,000 · Dec 2025December 2025 | 42,000 /yr | |
| 504 | 1-bed | 638 sqft | AED 500KAED 500,000 · Oct 2023October 2023 | 55,000 /yr | |
| 505 | 2-bed | 1,008 sqft | AED 1MAED 1,000,000 · Feb 2025February 2025 | 56,000 /yr | |
| 506 | 1-bed | 667 sqft | AED 546KAED 545,555 · Dec 2016December 2016 | 50,000 /yr | |
| 508 | 1-bed | 638 sqft | AED 520KAED 520,000 · Dec 2017December 2017 | 33,000 /yr | |
| 509 | 1-bed | 639 sqft | AED 495KAED 495,000 · Oct 2023October 2023 | 30,000 /yr | |
| 510 | 1-bed | 638 sqft | AED 530KAED 530,000 · Dec 2022December 2022 | 50,000 /yr | |
| 511 | 1-bed | 623 sqft | No registered sale | 60,000 /yr | |
| 512 | 1-bed | 624 sqft | AED 570KAED 570,000 · Dec 2024December 2024 | 27,000 /yr | |
| 513 | 1-bed | 654 sqft | AED 578KAED 577,777 · Mar 2017March 2017 | 40,000 /yr | |
| 514 | 1-bed | 654 sqft | AED 556KAED 555,555 · Feb 2017February 2017 | 52,000 /yr | |
| 515 | 1-bed | 663 sqft | AED 578KAED 577,777 · Apr 2017April 2017 | 39,000 /yr |
507, MAG 530 in numbers
- Sold once: by MAG on 30 April 2017 for AED 432,777, or AED 914 per sqft.
- Rented since January 2020 on 5 Ejari contracts, from AED 22,000 to AED 12,000 a year.
- At AED 12,000 a year the gross yield on the 2017 price is 2.8%, before a service charge of about AED 7,600 a year (AED 16.14 per sqft).
- Studios in MAG 530 sold for AED 540,000–540,000 in the 12 months to November 2026; the building's median across all types is AED 1,133 per sqft.
Source: Dubai Land Department. Updated 1 January 2025.
Questions about 507, MAG 530
What did unit 507 last sell for?
AED 432,777 on 30 April 2017, sold by the developer: AED 914 per sqft for 473 sqft. It is the only registered sale of the unit.
What is the rent for unit 507?
AED 12,000 a year on the contract renewed on 1 January 2025. The previous contract, from January 2025, was AED 12,000; the unit has been rented since January 2020.
How big is unit 507?
473 sqft (43.9 sqm): a studio on the 5th floor of a 6-storey tower completed in 2020.
What is unit 507 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in MAG 530 sold for AED 540,000 to 540,000 in the last 12 months, around AED 1,133 per sqft.
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Mortgage on 507, MAG 530
Starts from the last sale price (AED 433K, 30 April 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 432,777
- Deposit, UAE resident (20%)
- AED 86,555
- Deposit, non-resident (40%)
- AED 173,111
- Monthly over 25 years at 3.7%
- AED 1,771
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →