408, MAG 520
Sold prices and rental history: sold twice, last in August 2022, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 408, MAG 520
What is 408 worth today?
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Source: Dubai Land Department. Updated 13 April 2025.
Key facts
- Type
- Studio apartment
- Size
- 347 sqft
- Floor
- 4th of 6
- Parking
- G-77
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 6,200 /yr
- Last sold
- AED 195K · August 2022
- Building
- MAG 520
About 408, MAG 520
408 is a studio of 347 sqft on the 4th floor of MAG 520, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 1 August 2022 for AED 195,000, or AED 561 per sqft, 23% below the AED 724 studios in the building were fetching at the time.
It has been rented since 2022 on 3 Ejari contracts. The current contract, signed on 13 April 2025, is AED 41,500 a year: a gross yield of 21.3% on the 2022 price, before the service charge of about AED 6,200 a year.
Sales and rents for 408 over time
408 has sold twice; 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 408 sits
All 60 studios →408 last sold in August 2022 at AED 561 per sqft, 23% below what studios in MAG 520 were fetching at the time (AED 724). 408's AED 41,500 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 4th floor
All 131 units in MAG 520| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 628 sqft | AED 480KAED 480,000 · Sep 2019September 2019 | 37,500 /yr | |
| 402 | Studio | 387 sqft | AED 360KAED 360,000 · Jul 2019July 2019 | 33,000 /yr | |
| 403 | Studio | 365 sqft | AED 365KAED 365,000 · Sep 2019September 2019 | 38,500 /yr | |
| 404 | 1-bed | 478 sqft | AED 325KAED 325,000 · Oct 2021October 2021 | 40,000 /yr | |
| 405 | 2-bed | 669 sqft | AED 497KAED 497,000 · May 2019May 2019 | 48,000 /yr | |
| 406 | 1-bed | 483 sqft | AED 400KAED 400,000 · Sep 2023September 2023 | 60,000 /yr | |
| 407 | Studio | 387 sqft | AED 380KAED 380,000 · Sep 2019September 2019 | 36,000 /yr | |
| 409 | 1-bed | 478 sqft | AED 420KAED 420,000 · Sep 2019September 2019 | 34,000 /yr | |
| 411 | 1-bed | 483 sqft | AED 362KAED 361,880 · Jul 2021July 2021 | 42,000 /yr | |
| 412 | 1-bed | 656 sqft | AED 680KAED 680,000 · Jun 2025June 2025 | 26,500 /yr | |
| 413 | 1-bed | 622 sqft | AED 480KAED 480,000 · Nov 2019November 2019 | 40,000 /yr | |
| 414 | 1-bed | 638 sqft | AED 460KAED 460,000 · Dec 2023December 2023 | 42,000 /yr | |
| 415 | Studio | 410 sqft | AED 330KAED 330,000 · Jan 2024January 2024 | 44,000 /yr | |
| 416 | Studio | 410 sqft | AED 380KAED 380,000 · May 2019May 2019 | 42,000 /yr | |
| 417 | Studio | 437 sqft | AED 380KAED 380,000 · Sep 2019September 2019 | 25,410 /yr | |
| 418 | Studio | 437 sqft | AED 380KAED 380,000 · Sep 2019September 2019 | 35,000 /yr | |
| 419 | 1-bed | 514 sqft | AED 480KAED 480,000 · Apr 2019April 2019 | 45,000 /yr | |
| 420 | 1-bed | 514 sqft | AED 393KAED 393,022 · May 2025May 2025 | 45,000 /yr | |
| 421 | Studio | 360 sqft | AED 310KAED 310,000 · Jun 2023June 2023 | ||
| 422 | Studio | 360 sqft | AED 335KAED 335,000 · Jul 2019July 2019 | 32,000 /yr |
408, MAG 520 in numbers
- Sold twice: first on 20 May 2019 for AED 347,000, last on 1 August 2022 for AED 195,000 (AED 561 per sqft).
- Rented since October 2022 on 3 Ejari contracts, from AED 20,000 to AED 41,500 a year.
- At AED 41,500 a year the gross yield on the 2022 price is 21.3%, before a service charge of about AED 6,200 a year (AED 17.72 per sqft).
Source: Dubai Land Department. Updated 13 April 2025.
Questions about 408, MAG 520
What did unit 408 last sell for?
AED 195,000 on 1 August 2022: AED 561 per sqft for 347 sqft. The unit has 2 registered sales; the first was AED 347,000 in May 2019.
What is the rent for unit 408?
AED 41,500 a year on the contract signed on 13 April 2025. The previous contract, from November 2023, was AED 30,000; the unit has been rented since October 2022.
How big is unit 408?
347 sqft (32.2 sqm): a studio on the 4th floor of a 6-storey tower completed in 2020.
What is unit 408 worth today?
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Mortgage on 408, MAG 520
Starts from the last sale price (AED 195K, 1 August 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 195,000
- Deposit, UAE resident (20%)
- AED 39,000
- Deposit, non-resident (40%)
- AED 78,000
- Monthly over 25 years at 3.7%
- AED 798
Plus AED 11,100 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →