506, MAG 530
Sold prices and rental history: sold once, by the developer in December 2016, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 506, MAG 530
What is 506 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 26 April 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 667 sqft
- Floor
- 5th of 6
- Parking
- G-67
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 10,800 /yr
- Last sold
- AED 546K · December 2016
- Building
- MAG 530
About 506, MAG 530
506 is a one-bedroom apartment of 667 sqft on the 5th floor of MAG 530, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 26 December 2016 for AED 545,555, or AED 817 per sqft.
It has been rented continuously since 2019 on 6 Ejari contracts. The current contract, renewed on 26 April 2024, is AED 28,500 a year: a gross yield of 5.2% on the 2016 price, before the service charge of about AED 10,800 a year.
Sales and rents for 506 over time
506 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in MAG 530, and where 506 sits
All 64 1-beds →Over the last 12 months one-beds sold for AED 745,000, around AED 1,166 per sqft, and rent for AED 40,000 to 60,000 a year. 506's AED 28,500 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 29 Dec 202529 December 2025 | 638 sqft | 745,000 | 1,166 | ||
| 30 May 202530 May 2025 | 638 sqft | 700,000 | 1,096 | ||
| 8 May 20258 May 2025 | 638 sqft | 625,000 | 980 | ||
| 27 Mar 202527 March 2025 | 624 sqft | 625,000 | 1,001 |
MAG 530
Building92 apartments, studios to 3-bed over 6 floors in Dubai South, completed in 2020 by MAG. 4 sold in the last 12 months.
- Typical price per sqft
- AED 1,137
- Typical sale
- AED 770K
- Typical rent
- AED 54K /yr
- Typical yield
- 6.9%
Other units on the 5th floor
All 92 units in MAG 530| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,037 sqft | AED 795KAED 795,000 · Nov 2025November 2025 | 80,000 /yr | |
| 502 | 1-bed | 667 sqft | AED 549KAED 549,000 · Jun 2017June 2017 | 28,000 /yr | |
| 503 | Studio | 476 sqft | AED 540KAED 540,000 · Dec 2025December 2025 | 42,000 /yr | |
| 504 | 1-bed | 638 sqft | AED 500KAED 500,000 · Oct 2023October 2023 | 55,000 /yr | |
| 505 | 2-bed | 1,008 sqft | AED 1MAED 1,000,000 · Feb 2025February 2025 | 56,000 /yr | |
| 507 | Studio | 473 sqft | AED 433KAED 432,777 · Apr 2017April 2017 | 12,000 /yr | |
| 508 | 1-bed | 638 sqft | AED 520KAED 520,000 · Dec 2017December 2017 | 33,000 /yr | |
| 509 | 1-bed | 639 sqft | AED 495KAED 495,000 · Oct 2023October 2023 | 30,000 /yr | |
| 510 | 1-bed | 638 sqft | AED 530KAED 530,000 · Dec 2022December 2022 | 50,000 /yr | |
| 511 | 1-bed | 623 sqft | No registered sale | 60,000 /yr | |
| 512 | 1-bed | 624 sqft | AED 570KAED 570,000 · Dec 2024December 2024 | 27,000 /yr | |
| 513 | 1-bed | 654 sqft | AED 578KAED 577,777 · Mar 2017March 2017 | 40,000 /yr | |
| 514 | 1-bed | 654 sqft | AED 556KAED 555,555 · Feb 2017February 2017 | 52,000 /yr | |
| 515 | 1-bed | 663 sqft | AED 578KAED 577,777 · Apr 2017April 2017 | 39,000 /yr |
506, MAG 530 in numbers
- Sold once: by MAG on 26 December 2016 for AED 545,555, or AED 817 per sqft.
- Rented since May 2019 on 6 Ejari contracts. The rent fell from AED 30,000 to AED 18,000 in 2020 and recovered to AED 28,500 by April 2024.
- At AED 28,500 a year the gross yield on the 2016 price is 5.2%, before a service charge of about AED 10,800 a year (AED 16.14 per sqft).
- One-beds in MAG 530 sold for AED 745,000–745,000 in the 12 months to November 2026; the building's median across all types is AED 1,137 per sqft.
Source: YallaValue analysis of Dubai Land Department records. Updated 26 April 2024.
Questions about 506, MAG 530
What did unit 506 last sell for?
AED 545,555 on 26 December 2016, sold by the developer: AED 817 per sqft for 667 sqft. It is the only registered sale of the unit.
What is the rent for unit 506?
AED 28,500 a year on the contract renewed on 26 April 2024. The previous contract, from April 2023, was AED 28,500; the unit has been rented since May 2019.
How big is unit 506?
667 sqft (62.0 sqm): a one-bedroom apartment on the 5th floor of a 6-storey tower completed in 2020.
What is unit 506 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in MAG 530 sold for AED 745,000 to 745,000 in the last 12 months, around AED 1,166 per sqft.
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Mortgage on 506, MAG 530
Starts from the last sale price (AED 546K, 26 December 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 545,555
- Deposit, UAE resident (20%)
- AED 109,111
- Deposit, non-resident (40%)
- AED 218,222
- Monthly over 25 years at 3.7%
- AED 2,232
Plus AED 27,923 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →