616, MAG 520
Sold prices and rental history: sold once, by the developer in April 2021, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 616, MAG 520
What is 616 worth today?
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Source: Dubai Land Department. Updated 15 May 2024.
Key facts
- Type
- Studio apartment
- Size
- 410 sqft
- Floor
- 6th of 6
- Parking
- G-129
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 7,300 /yr
- Last sold
- AED 272K · April 2021
- Building
- MAG 520
About 616, MAG 520
616 is a studio of 410 sqft on the 6th floor of MAG 520, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 1 April 2021 for AED 272,181, or AED 663 per sqft, in line with the AED 662 studios in the building were fetching at the time.
It has been rented since 2021 on 2 Ejari contracts. The current contract, signed on 15 May 2024, is AED 36,000 a year: a gross yield of 13.2% on the 2021 price, before the service charge of about AED 7,300 a year.
Sales and rents for 616 over time
616 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 616 sits
All 60 studios →616 last sold in April 2021 at AED 663 per sqft, in line with what studios in MAG 520 were fetching at the time (AED 662). 616's AED 36,000 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 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 | |
| 603 | Studio | 365 sqft | AED 390KAED 390,000 · Nov 2024November 2024 | 30,000 /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 | |
| 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 |
616, MAG 520 in numbers
- Sold once: by MAG on 1 April 2021 for AED 272,181, or AED 663 per sqft.
- Rented since May 2021 on 2 Ejari contracts, from AED 18,500 to AED 36,000 a year.
- At AED 36,000 a year the gross yield on the 2021 price is 13.2%, before a service charge of about AED 7,300 a year (AED 17.72 per sqft).
Source: Dubai Land Department. Updated 15 May 2024.
Questions about 616, MAG 520
What did unit 616 last sell for?
AED 272,181 on 1 April 2021, sold by the developer: AED 663 per sqft for 410 sqft. It is the only registered sale of the unit.
What is the rent for unit 616?
AED 36,000 a year on the contract signed on 15 May 2024. The previous contract, from May 2021, was AED 18,500.
How big is unit 616?
410 sqft (38.1 sqm): a studio on the 6th floor of a 6-storey tower completed in 2020.
What is unit 616 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 616, MAG 520
Starts from the last sale price (AED 272K, 1 April 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 272,181
- Deposit, UAE resident (20%)
- AED 54,436
- Deposit, non-resident (40%)
- AED 108,872
- Monthly over 25 years at 3.7%
- AED 1,114
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →