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Studio · 476 sqftMAG 535, Dubai South · 2nd floor · completed 2020

203, MAG 535

Sold prices and rental history: sold once, by the developer in June 2016, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 203 · DLD and Ejari recordsUpdated 1 November 2023
Last soldAED 350K19 June 2016
Current rentAED 23K /yr1 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 203, MAG 535

What is 203 worth today?

Last sold for AED 350,000 in 2016

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1 Nov 2023RentedRenewal
AED 23,000/yr12 months · AED 49 per sqft
1 Nov 2022RentedNew contract
AED 22,000/yr12 months · AED 46 per sqft
25 Sep 2021RentedNew contract
AED 21,000/yr12 months · AED 44 per sqft
1 Oct 2020RentedRenewal
AED 20,000/yr12 months · AED 42 per sqft
24 Sep 2019RentedNew contract
AED 23,500/yr12 months · AED 50 per sqft
19 Jun 2016Sold by developerOff-plan
AED 350,000AED 734 per sqft

Source: Dubai Land Department. Updated 1 November 2023.

Key facts

Type
Studio apartment
Size
476 sqft
Floor
2nd of 6
Parking
G-17
Developer
MAG
Completed
2020
Service charge
AED 7,300 /yr
Last sold
AED 350K · June 2016
Building
MAG 535

About 203, MAG 535

203 is a studio of 476 sqft on the 2nd floor of MAG 535, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 19 June 2016 for AED 350,000, or AED 734 per sqft, 11% below the AED 822 studios in the building were fetching at the time.

It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, renewed on 1 November 2023, is AED 23,000 a year: a gross yield of 6.6% on the 2016 price, before the service charge of about AED 7,300 a year.

Sales and rents for 203 over time

Sales
Unit 203, each saleTypical studio in MAG 535
350K375K400K2016201720182019Typical sale price by year: 2016 AED 396,278; 2018 AED 395,555Sold by developer, June 2016: AED 350,000 (AED 734 per sqft)

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

Rents
Unit 203, each contractTypical studio in MAG 535
20K40K20192021202320252027Typical rent by year: 2019 AED 26,500; 2020 AED 20,500; 2021 AED 18,000; 2022 AED 22,000; 2023 AED 23,000; 2024 AED 39,000; 2025 AED 39,500; 2026 AED 42,000New contract, September 2019: AED 23,500 a yearRenewal, October 2020: AED 20,000 a yearNew contract, September 2021: AED 21,000 a yearNew contract, November 2022: AED 22,000 a yearRenewal, November 2023: AED 23,000 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in MAG 535, and where 203 sits

All 12 studios →

203 last sold in June 2016 at AED 734 per sqft, 11% below what studios in MAG 535 were fetching at the time (AED 822). 203's AED 23,000 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
19 Dec 2024540,000
20 Dec 2023330,000
26 Jul 2023275,000
19 Jan 2022300,000
0 studio sales in the last 12 months

MAG 535

Building

86 apartments, studios to 3-bed over 6 floors in Dubai South, completed in 2020 by MAG. 7 sold in the last 12 months.

Typical price per sqft
AED 1,036
Typical sale
AED 1.03M
Typical rent
AED 55K /yr
Typical yield
7.6%
MAG 535, Dubai South: prices, sales and rents →

Other units on the 2nd floor

All 86 units in MAG 535
Value
2012-bedAED 750K · Aug 2018
2021-bedAED 540K · Jul 2024
2041-bedAED 750K · Sep 2025
2052-bedAED 1.03M · Nov 2025
2061-bedAED 499K · Apr 2016
207StudioAED 380K · Apr 2016
2081-bedAED 370K · Sep 2023
1–7 of 13

203, MAG 535 in numbers

  • Sold once: by MAG on 19 June 2016 for AED 350,000, or AED 734 per sqft.
  • Rented since September 2019 on 5 Ejari contracts. The rent fell from AED 23,500 to AED 20,000 in 2020 and recovered to AED 23,000 by November 2023.
  • At AED 23,000 a year the gross yield on the 2016 price is 6.6%, before a service charge of about AED 7,300 a year (AED 15.24 per sqft).

Source: Dubai Land Department. Updated 1 November 2023.

Questions about 203, MAG 535

What did unit 203 last sell for?

AED 350,000 on 19 June 2016, sold by the developer: AED 734 per sqft for 476 sqft. It is the only registered sale of the unit.

What is the rent for unit 203?

AED 23,000 a year on the contract renewed on 1 November 2023. The previous contract, from November 2022, was AED 22,000; the unit has been rented since September 2019.

How big is unit 203?

476 sqft (44.2 sqm): a studio on the 2nd floor of a 6-storey tower completed in 2020.

What is unit 203 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 203, MAG 535

Starts from the last sale price (AED 350K, 19 June 2016). Switch to today's estimate once you have unlocked it.
Price
AED 350,000
Deposit, UAE resident (20%)
AED 70,000
Deposit, non-resident (40%)
AED 140,000
Monthly over 25 years at 3.7%
AED 1,432

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