518, MAG 520
Sold prices and rental history: sold twice, last in June 2023, and rented once, from September 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 518, MAG 520
What is 518 worth today?
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Source: Dubai Land Department. Updated 26 June 2023.
Key facts
- Type
- Studio apartment
- Size
- 437 sqft
- Floor
- 5th of 6
- Parking
- G-109
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 7,700 /yr
- Last sold
- AED 333K · June 2023
- Building
- MAG 520
About 518, MAG 520
518 is a studio of 437 sqft on the 5th floor of MAG 520, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 26 June 2023 for AED 333,000, or AED 762 per sqft, 4% below the AED 796 studios in the building were fetching at the time.
One Ejari contract is registered, from 3 September 2021. The current contract, signed on 3 September 2021, is AED 24,000 a year: a gross yield of 7.2% on the 2023 price, before the service charge of about AED 7,700 a year.
Sales and rents for 518 over time
518 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 518 sits
All 60 studios →518 last sold in June 2023 at AED 762 per sqft, 4% below what studios in MAG 520 were fetching at the time (AED 796). 518's AED 24,000 is at the bottom 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 | |
| 502 | Studio | 389 sqft | AED 357KAED 357,000 · Mar 2019March 2019 | 35,000 /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 | |
| 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 |
518, MAG 520 in numbers
- Sold twice: first on 20 March 2019 for AED 380,000, last on 26 June 2023 for AED 333,000 (AED 762 per sqft).
- Rented since September 2021 on one Ejari contract, at AED 24,000 a year.
- At AED 24,000 a year the gross yield on the 2023 price is 7.2%, before a service charge of about AED 7,700 a year (AED 17.72 per sqft).
Source: Dubai Land Department. Updated 26 June 2023.
Questions about 518, MAG 520
What did unit 518 last sell for?
AED 333,000 on 26 June 2023: AED 762 per sqft for 437 sqft. The unit has 2 registered sales; the first was AED 380,000 in March 2019.
What is the rent for unit 518?
AED 24,000 a year on the contract signed on 3 September 2021.
How big is unit 518?
437 sqft (40.6 sqm): a studio on the 5th floor of a 6-storey tower completed in 2020.
What is unit 518 worth today?
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Mortgage on 518, MAG 520
Starts from the last sale price (AED 333K, 26 June 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 333,000
- Deposit, UAE resident (20%)
- AED 66,600
- Deposit, non-resident (40%)
- AED 133,200
- Monthly over 25 years at 3.7%
- AED 1,362
Plus AED 16,896 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →