603, MAG 520
Sold prices and rental history: sold twice, last in November 2024, and rented once, from December 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 603, MAG 520
What is 603 worth today?
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Source: Dubai Land Department. Updated 8 November 2024.
Key facts
- Type
- Studio apartment
- Size
- 365 sqft
- Floor
- 6th of 6
- Parking
- G-116
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 6,500 /yr
- Last sold
- AED 390K · November 2024
- Building
- MAG 520
About 603, MAG 520
603 is a studio of 365 sqft on the 6th floor of MAG 520, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 8 November 2024 for AED 390,000, or AED 1,068 per sqft, 6% above the AED 1,005 studios in the building were fetching at the time.
One Ejari contract is registered, from 20 December 2023. The current contract, signed on 20 December 2023, is AED 30,000 a year: a gross yield of 7.7% on the 2024 price, before the service charge of about AED 6,500 a year.
Sales and rents for 603 over time
603 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 603 sits
All 60 studios →603 last sold in November 2024 at AED 1,068 per sqft, 6% above what studios in MAG 520 were fetching at the time (AED 1,005). 603's AED 30,000 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 | ||
| 25 Sep 202425 September 2024 | 437 sqft | 412,000 | 942 | ||
| 12 Jul 202412 July 2024 | 360 sqft | 388,000 | 1,077 | ||
| 4 Jul 20244 July 2024 | 360 sqft | 400,000 | 1,110 |
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 6th floor
All 131 units in MAG 520| ValueToday's value | |||||
|---|---|---|---|---|---|
| 601 | 1-bed | 629 sqft | AED 468KAED 468,448 · Jul 2019July 2019 | 28,200 /yr | |
| 602 | Studio | 389 sqft | AED 380KAED 380,000 · Jul 2019July 2019 | 26,565 /yr | |
| 604 | 1-bed | 478 sqft | AED 396KAED 395,555 · Sep 2020September 2020 | 46,000 /yr | |
| 605 | 2-bed | 669 sqft | AED 497KAED 497,000 · Jul 2019July 2019 | 45,000 /yr | |
| 606 | 1-bed | 483 sqft | AED 600KAED 600,000 · Jun 2020June 2020 | 30,000 /yr | |
| 607 | Studio | 389 sqft | AED 380KAED 380,000 · Sep 2019September 2019 | 27,000 /yr | |
| 608 | Studio | 349 sqft | AED 351KAED 350,840 · Jul 2019July 2019 | 44,000 /yr | |
| 609 | 1-bed | 478 sqft | AED 440KAED 440,000 · May 2019May 2019 | 28,349 /yr | |
| 610 | 2-bed | 667 sqft | AED 540KAED 540,000 · May 2019May 2019 | ||
| 611 | 1-bed | 483 sqft | AED 426KAED 426,000 · Dec 2018December 2018 | 41,000 /yr | |
| 612 | 1-bed | 657 sqft | AED 519KAED 519,000 · May 2019May 2019 | 37,855 /yr | |
| 613 | 1-bed | 623 sqft | AED 450KAED 449,708 · Sep 2022September 2022 | 55,000 /yr | |
| 614 | 1-bed | 638 sqft | AED 480KAED 480,000 · Oct 2019October 2019 | 52,000 /yr | |
| 615 | Studio | 410 sqft | AED 380KAED 380,000 · Sep 2019September 2019 | 45,000 /yr | |
| 616 | Studio | 410 sqft | AED 272KAED 272,181 · Apr 2021April 2021 | 36,000 /yr | |
| 617 | Studio | 437 sqft | AED 380KAED 380,000 · Sep 2019September 2019 | 21,000 /yr | |
| 618 | Studio | 437 sqft | AED 410KAED 410,000 · May 2024May 2024 | 39,000 /yr | |
| 619 | 1-bed | 514 sqft | AED 360KAED 360,000 · Nov 2020November 2020 | 55,000 /yr | |
| 620 | 1-bed | 514 sqft | AED 400KAED 400,000 · Jul 2023July 2023 | 31,500 /yr | |
| 621 | Studio | 360 sqft | AED 357KAED 357,000 · May 2019May 2019 | 44,000 /yr | |
| 622 | Studio | 360 sqft | AED 357KAED 357,000 · May 2019May 2019 | 41,200 /yr |
603, MAG 520 in numbers
- Sold twice: first on 18 August 2021 for AED 365,000, last on 8 November 2024 for AED 390,000 (AED 1,068 per sqft).
- Rented since December 2023 on one Ejari contract, at AED 30,000 a year.
- At AED 30,000 a year the gross yield on the 2024 price is 7.7%, before a service charge of about AED 6,500 a year (AED 17.72 per sqft).
Source: Dubai Land Department. Updated 8 November 2024.
Questions about 603, MAG 520
What did unit 603 last sell for?
AED 390,000 on 8 November 2024: AED 1,068 per sqft for 365 sqft. The unit has 2 registered sales; the first was AED 365,000 in August 2021.
What is the rent for unit 603?
AED 30,000 a year on the contract signed on 20 December 2023.
How big is unit 603?
365 sqft (33.9 sqm): a studio on the 6th floor of a 6-storey tower completed in 2020.
What is unit 603 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 603, MAG 520
Starts from the last sale price (AED 390K, 8 November 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 390,000
- Deposit, UAE resident (20%)
- AED 78,000
- Deposit, non-resident (40%)
- AED 156,000
- Monthly over 25 years at 3.7%
- AED 1,596
Plus AED 19,290 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →