502, MAG 520
Sold prices and rental history: sold once, by the developer in March 2019, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 502, MAG 520
What is 502 worth today?
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Source: Dubai Land Department. Updated 17 June 2024.
Key facts
- Type
- Studio apartment
- Size
- 389 sqft
- Floor
- 5th of 6
- Parking
- G-93
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 6,900 /yr
- Last sold
- AED 357K · March 2019
- Building
- MAG 520
About 502, MAG 520
502 is a studio of 389 sqft on the 5th floor of MAG 520, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 20 March 2019 for AED 357,000, or AED 917 per sqft, in line with the AED 944 studios in the building were fetching at the time.
It has been rented since 2020 on 3 Ejari contracts. The current contract, signed on 17 June 2024, is AED 35,000 a year: a gross yield of 9.8% on the 2019 price, before the service charge of about AED 6,900 a year.
Sales and rents for 502 over time
502 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 502 sits
All 60 studios →502 last sold in March 2019 at AED 917 per sqft, in line with what studios in MAG 520 were fetching at the time (AED 944). 502's AED 35,000 is in the lower 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 5th floor
All 131 units in MAG 520| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 629 sqft | AED 550KAED 550,000 · Jan 2024January 2024 | 32,000 /yr | |
| 503 | Studio | 365 sqft | AED 350KAED 350,000 · Mar 2019March 2019 | 38,000 /yr | |
| 504 | 1-bed | 478 sqft | AED 420KAED 420,000 · Sep 2019September 2019 | 46,000 /yr | |
| 505 | 2-bed | 669 sqft | AED 497KAED 497,000 · Jul 2019July 2019 | 50,000 /yr | |
| 506 | 1-bed | 483 sqft | AED 473KAED 473,360 · Sep 2019September 2019 | 29,222 /yr | |
| 507 | Studio | 389 sqft | AED 357KAED 357,000 · Jul 2019July 2019 | ||
| 508 | Studio | 349 sqft | AED 344KAED 343,606 · Sep 2019September 2019 | 40,000 /yr | |
| 509 | 1-bed | 478 sqft | AED 380KAED 380,000 · Mar 2024March 2024 | 25,000 /yr | |
| 510 | 2-bed | 667 sqft | AED 569KAED 568,555 · Jun 2019June 2019 | 60,000 /yr | |
| 511 | 1-bed | 483 sqft | AED 420KAED 420,000 · Apr 2019April 2019 | 52,000 /yr | |
| 512 | 1-bed | 657 sqft | AED 570KAED 570,000 · Dec 2024December 2024 | 48,000 /yr | |
| 513 | 1-bed | 623 sqft | AED 480KAED 480,000 · Jul 2019July 2019 | 28,000 /yr | |
| 514 | 1-bed | 638 sqft | AED 480KAED 480,000 · Jul 2019July 2019 | 31,000 /yr | |
| 515 | Studio | 410 sqft | AED 391KAED 391,000 · Jul 2019July 2019 | 26,197 /yr | |
| 516 | Studio | 410 sqft | AED 376KAED 376,000 · Jun 2019June 2019 | ||
| 517 | Studio | 437 sqft | AED 380KAED 380,000 · Sep 2019September 2019 | 19,500 /yr | |
| 518 | Studio | 437 sqft | AED 333KAED 333,000 · Jun 2023June 2023 | 24,000 /yr | |
| 519 | 1-bed | 257 sqft | AED 160KAED 160,000 · Sep 2023September 2023 | 54,853 /yr | |
| 520 | 1-bed | 514 sqft | AED 470KAED 470,000 · Jul 2024July 2024 | 45,000 /yr | |
| 521 | Studio | 360 sqft | AED 357KAED 357,000 · May 2019May 2019 | 20,000 /yr | |
| 522 | Studio | 360 sqft | AED 260KAED 260,000 · Nov 2021November 2021 |
502, MAG 520 in numbers
- Sold once: by MAG on 20 March 2019 for AED 357,000, or AED 917 per sqft.
- Rented since October 2020 on 3 Ejari contracts, from AED 17,000 to AED 35,000 a year.
- At AED 35,000 a year the gross yield on the 2019 price is 9.8%, before a service charge of about AED 6,900 a year (AED 17.72 per sqft).
Source: Dubai Land Department. Updated 17 June 2024.
Questions about 502, MAG 520
What did unit 502 last sell for?
AED 357,000 on 20 March 2019, sold by the developer: AED 917 per sqft for 389 sqft. It is the only registered sale of the unit.
What is the rent for unit 502?
AED 35,000 a year on the contract signed on 17 June 2024. The previous contract, from March 2023, was AED 28,000; the unit has been rented since October 2020.
How big is unit 502?
389 sqft (36.1 sqm): a studio on the 5th floor of a 6-storey tower completed in 2020.
What is unit 502 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 502, MAG 520
Starts from the last sale price (AED 357K, 20 March 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 357,000
- Deposit, UAE resident (20%)
- AED 71,400
- Deposit, non-resident (40%)
- AED 142,800
- Monthly over 25 years at 3.7%
- AED 1,461
Plus AED 17,904 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →