216, MAG 520
Sold prices and rental history: sold once, by the developer in September 2019, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 216, MAG 520
What is 216 worth today?
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Source: Dubai Land Department. Updated 1 October 2025.
Key facts
- Type
- Studio apartment
- Size
- 410 sqft
- Floor
- 2nd of 6
- Parking
- G-40
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 7,300 /yr
- Last sold
- AED 406K · September 2019
- Building
- MAG 520
About 216, MAG 520
216 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 23 September 2019 for AED 406,000, or AED 989 per sqft, in line with the AED 967 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 October 2025, is AED 42,000 a year: a gross yield of 10.3% on the 2019 price, before the service charge of about AED 7,300 a year.
Sales and rents for 216 over time
216 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 216 sits
All 60 studios →216 last sold in September 2019 at AED 989 per sqft, in line with what studios in MAG 520 were fetching at the time (AED 967). 216's AED 42,000 is in the upper half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 10 Feb 202510 February 2025 | 365 sqft | 420,000 | 1,150 | ||
| 8 Nov 20248 November 2024 | 365 sqft | 390,000 | 1,068 | ||
| 25 Sep 202425 September 2024 | 437 sqft | 412,000 | 942 | ||
| 12 Jul 202412 July 2024 | 360 sqft | 388,000 | 1,077 |
MAG 520
Building131 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%
Other units on the 2nd floor
All 131 units in MAG 520| ValueToday's value | |||||
|---|---|---|---|---|---|
| 201 | 1-bed | 628 sqft | AED 480KAED 480,000 · Sep 2019September 2019 | 32,000 /yr | |
| 202 | Studio | 387 sqft | AED 355KAED 355,000 · Mar 2019March 2019 | 23,805 /yr | |
| 203 | Studio | 365 sqft | AED 370KAED 370,000 · Mar 2019March 2019 | 40,000 /yr | |
| 204 | 1-bed | 478 sqft | AED 420KAED 420,000 · Apr 2019April 2019 | 49,000 /yr | |
| 205 | 2-bed | 669 sqft | AED 525KAED 525,000 · Dec 2020December 2020 | 40,800 /yr | |
| 206 | 1-bed | 483 sqft | AED 432KAED 432,180 · Mar 2019March 2019 | 45,000 /yr | |
| 207 | Studio | 387 sqft | AED 350KAED 350,000 · Sep 2019September 2019 | 33,000 /yr | |
| 208 | Studio | 347 sqft | AED 385KAED 385,000 · Nov 2023November 2023 | 19,000 /yr | |
| 209 | 1-bed | 478 sqft | AED 453KAED 453,302 · Mar 2019March 2019 | 26,000 /yr | |
| 210 | 2-bed | 667 sqft | AED 740KAED 740,000 · Apr 2025April 2025 | 55,000 /yr | |
| 211 | 1-bed | 483 sqft | AED 425KAED 425,000 · Mar 2019March 2019 | 42,000 /yr | |
| 212 | 1-bed | 656 sqft | AED 550KAED 550,000 · Dec 2019December 2019 | 48,000 /yr | |
| 213 | 1-bed | 622 sqft | AED 480KAED 480,000 · Jun 2023June 2023 | 35,700 /yr | |
| 214 | 1-bed | 638 sqft | AED 480KAED 480,000 · Jul 2019July 2019 | 52,000 /yr | |
| 215 | Studio | 410 sqft | AED 272KAED 271,874 · Apr 2021April 2021 | 27,000 /yr | |
| 217 | Studio | 437 sqft | AED 380KAED 380,000 · Sep 2019September 2019 | 38,000 /yr | |
| 218 | Studio | 437 sqft | AED 380KAED 380,000 · Sep 2019September 2019 | 28,000 /yr | |
| 219 | 1-bed | 514 sqft | AED 515KAED 515,000 · Jul 2024July 2024 | 37,800 /yr | |
| 220 | 1-bed | 514 sqft | AED 436KAED 436,000 · Jul 2019July 2019 | 22,000 /yr | |
| 221 | Studio | 360 sqft | AED 357KAED 357,000 · May 2019May 2019 | ||
| 222 | Studio | 360 sqft | AED 357KAED 357,000 · Apr 2019April 2019 | 40,000 /yr |
216, MAG 520 in numbers
- Sold once: by MAG on 23 September 2019 for AED 406,000, or AED 989 per sqft.
- Rented since January 2022 on 5 Ejari contracts, from AED 20,000 to AED 42,000 a year.
- At AED 42,000 a year the gross yield on the 2019 price is 10.3%, before a service charge of about AED 7,300 a year (AED 17.72 per sqft).
Source: Dubai Land Department. Updated 1 October 2025.
Questions about 216, MAG 520
What did unit 216 last sell for?
AED 406,000 on 23 September 2019, sold by the developer: AED 989 per sqft for 410 sqft. It is the only registered sale of the unit.
What is the rent for unit 216?
AED 42,000 a year on the contract signed on 1 October 2025. The previous contract, from July 2024, was AED 31,000; the unit has been rented since January 2022.
How big is unit 216?
410 sqft (38.1 sqm): a studio on the 2nd floor of a 6-storey tower completed in 2020.
What is unit 216 worth today?
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Mortgage on 216, MAG 520
Starts from the last sale price (AED 406K, 23 September 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 406,000
- Deposit, UAE resident (20%)
- AED 81,200
- Deposit, non-resident (40%)
- AED 162,400
- Monthly over 25 years at 3.7%
- AED 1,661
Plus AED 19,962 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →