618, MAG 520
Sold prices and rental history: sold 3 times, last in May 2024, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 618, MAG 520
What is 618 worth today?
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Source: Dubai Land Department. Updated 21 July 2024.
Key facts
- Type
- Studio apartment
- Size
- 437 sqft
- Floor
- 6th of 6
- Parking
- G-131
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 7,700 /yr
- Last sold
- AED 410K · May 2024
- Building
- MAG 520
About 618, MAG 520
618 is a studio of 437 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 May 2024 for AED 410,000, or AED 938 per sqft, 17% above the AED 803 studios in the building were fetching at the time.
It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, signed on 21 July 2024, is AED 39,000 a year: a gross yield of 9.5% on the 2024 price, before the service charge of about AED 7,700 a year.
Sales and rents for 618 over time
618 has sold 3 times; 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 618 sits
All 60 studios →618 last sold in May 2024 at AED 938 per sqft, 17% above what studios in MAG 520 were fetching at the time (AED 803). 618's AED 39,000 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 | |
| 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 | |
| 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 |
618, MAG 520 in numbers
- Sold 3 times: first on 5 October 2021 for AED 316,800, last on 8 May 2024 for AED 410,000 (AED 938 per sqft).
- Rented since June 2021 on 4 Ejari contracts, from AED 20,000 to AED 39,000 a year.
- At AED 39,000 a year the gross yield on the 2024 price is 9.5%, before a service charge of about AED 7,700 a year (AED 17.72 per sqft).
Source: Dubai Land Department. Updated 21 July 2024.
Questions about 618, MAG 520
What did unit 618 last sell for?
AED 410,000 on 8 May 2024: AED 938 per sqft for 437 sqft. The unit has 3 registered sales; the first was AED 316,800 in October 2021.
What is the rent for unit 618?
AED 39,000 a year on the contract signed on 21 July 2024. The previous contract, from July 2023, was AED 28,000; the unit has been rented since June 2021.
How big is unit 618?
437 sqft (40.6 sqm): a studio on the 6th floor of a 6-storey tower completed in 2020.
What is unit 618 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 618, MAG 520
Starts from the last sale price (AED 410K, 8 May 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 410,000
- Deposit, UAE resident (20%)
- AED 82,000
- Deposit, non-resident (40%)
- AED 164,000
- Monthly over 25 years at 3.7%
- AED 1,677
Plus AED 20,130 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →