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Studio · 410 sqftMAG 520, Dubai South · 2nd floor · completed 2020

215, MAG 520

Sold prices and rental history: sold once, by the developer in April 2021, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 215 · DLD and Ejari recordsUpdated 17 June 2023
Last soldAED 272K1 April 2021
Current rentAED 27K /yr17 June 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 215, MAG 520

What is 215 worth today?

Last sold for AED 271,874 in 2021

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17 Jun 2023RentedNew contract
AED 27,000/yr12 months · AED 66 per sqft
7 Jun 2022RentedNew contract
AED 20,000/yr12 months · AED 49 per sqft
4 Jun 2022RentedNew contract
AED 20,000/yr12 months · AED 49 per sqft
10 Jun 2021RentedNew contract
AED 17,000/yr12 months · AED 42 per sqft
1 Apr 2021Sold by developerReady
AED 271,874AED 663 per sqft

Source: Dubai Land Department. Updated 17 June 2023.

Key facts

Type
Studio apartment
Size
410 sqft
Floor
2nd of 6
Parking
G-39
Developer
MAG
Completed
2020
Service charge
AED 7,300 /yr
Last sold
AED 272K · April 2021
Building
MAG 520

About 215, MAG 520

215 is a studio of 410 sqft on the 2nd floor of MAG 520, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 1 April 2021 for AED 271,874, or AED 663 per sqft, in line with the AED 662 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, signed on 17 June 2023, is AED 27,000 a year: a gross yield of 9.9% on the 2021 price, before the service charge of about AED 7,300 a year.

Sales and rents for 215 over time

Sales
Unit 215, each saleTypical studio in MAG 520
300K400K2018202020222024Typical sale price by year: 2018 AED 360,000; 2019 AED 365,000; 2021 AED 271,874; 2023 AED 310,000; 2024 AED 390,000Sold by developer, April 2021: AED 271,874 (AED 663 per sqft)

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

Rents
Unit 215, each contractTypical studio in MAG 520
20K30K40K2020202220242026Typical rent by year: 2020 AED 20,000; 2021 AED 18,000; 2022 AED 20,000; 2023 AED 23,500; 2024 AED 35,000; 2025 AED 38,000; 2026 AED 35,500New contract, June 2021: AED 17,000 a yearNew contract, June 2022: AED 20,000 a yearNew contract, June 2022: AED 20,000 a yearNew contract, June 2023: AED 27,000 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 215 sits

All 60 studios →

215 last sold in April 2021 at AED 663 per sqft, in line with what studios in MAG 520 were fetching at the time (AED 662). 215's AED 27,000 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
10 Feb 2025420,000
8 Nov 2024390,000
25 Sep 2024412,000
12 Jul 2024388,000
0 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. 2 sold in the last 12 months.

Typical price per sqft
AED 1,233
Typical sale
AED 590K
Typical rent
AED 44K /yr
Typical yield
7.7%
MAG 520, Dubai South: prices, sales and rents →

Other units on the 2nd floor

All 131 units in MAG 520
Value
2011-bedAED 480K · Sep 2019
202StudioAED 355K · Mar 2019
203StudioAED 370K · Mar 2019
2041-bedAED 420K · Apr 2019
2052-bedAED 525K · Dec 2020
2061-bedAED 432K · Mar 2019
207StudioAED 350K · Sep 2019
1–7 of 21

215, MAG 520 in numbers

  • Sold once: by MAG on 1 April 2021 for AED 271,874, or AED 663 per sqft.
  • Rented since June 2021 on 4 Ejari contracts, from AED 17,000 to AED 27,000 a year.
  • At AED 27,000 a year the gross yield on the 2021 price is 9.9%, before a service charge of about AED 7,300 a year (AED 17.72 per sqft).

Source: Dubai Land Department. Updated 17 June 2023.

Questions about 215, MAG 520

What did unit 215 last sell for?

AED 271,874 on 1 April 2021, sold by the developer: AED 663 per sqft for 410 sqft. It is the only registered sale of the unit.

What is the rent for unit 215?

AED 27,000 a year on the contract signed on 17 June 2023. The previous contract, from June 2022, was AED 20,000; the unit has been rented since June 2021.

How big is unit 215?

410 sqft (38.1 sqm): a studio on the 2nd floor of a 6-storey tower completed in 2020.

What is unit 215 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 215, MAG 520

Starts from the last sale price (AED 272K, 1 April 2021). Switch to today's estimate once you have unlocked it.
Price
AED 271,874
Deposit, UAE resident (20%)
AED 54,375
Deposit, non-resident (40%)
AED 108,750
Monthly over 25 years at 3.7%
AED 1,112

Plus AED 14,329 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →