2-bed · 966 sqftMAG 535, Dubai South · 5th floor · completed 2020

513, MAG 535

Sold prices and rental history: sold once, by the developer in October 2018, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 513 · DLD and Ejari recordsUpdated 20 April 2024
Last soldAED 820K8 October 2018
Current rentAED 60K /yr20 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 513, MAG 535

What is 513 worth today?

Last sold for AED 820,000 in 2018

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20 Apr 2024RentedNew contract
AED 60,000/yr12 months · AED 62 per sqft
10 Sep 2022RentedNew contract
AED 41,000/yr12 months · AED 42 per sqft
15 Jun 2021RentedNew contract
AED 35,000/yr12 months · AED 36 per sqft
8 Oct 2018Sold by developerOff-plan
AED 820,000AED 849 per sqft

Source: Dubai Land Department. Updated 20 April 2024.

Key facts

Type
2-bed apartment
Size
966 sqft
Floor
5th of 6
Parking
G-70
Developer
MAG
Completed
2020
Service charge
AED 14,700 /yr
Last sold
AED 820K · October 2018
Building
MAG 535

About 513, MAG 535

513 is a two-bedroom apartment of 966 sqft on the 5th floor of MAG 535, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 8 October 2018 for AED 820,000, or AED 849 per sqft, 9% above the AED 779 two-beds in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, signed on 20 April 2024, is AED 60,000 a year: a gross yield of 7.3% on the 2018 price, before the service charge of about AED 14,700 a year.

Sales and rents for 513 over time

Sales
Unit 513, each saleTypical two-bed in MAG 535
800K1M2016201920222025Typical sale price by year: 2016 AED 799,000; 2018 AED 765,524; 2019 AED 799,000; 2025 AED 1,000,000Sold by developer, October 2018: AED 820,000 (AED 849 per sqft)

513 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 513, each contractTypical two-bed in MAG 535
40K60K2019202120232025Typical rent by year: 2019 AED 43,000; 2020 AED 38,500; 2021 AED 37,000; 2022 AED 39,950; 2023 AED 46,500; 2024 AED 55,325; 2025 AED 63,000New contract, June 2021: AED 35,000 a yearNew contract, September 2022: AED 41,000 a yearNew contract, April 2024: AED 60,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in MAG 535, and where 513 sits

All 24 2-beds →

513 last sold in October 2018 at AED 849 per sqft, 9% above what two-beds in MAG 535 were fetching at the time (AED 779). Over the last 12 months two-beds sold for AED 1,025,000 to 1,060,000, around AED 1,036 per sqft, and rent for AED 75,000 to 75,000 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
12 Feb 20261,060,000
28 Nov 20251,025,000
2 Oct 20251,000,000
12 May 20251,000,000
2 2-bed sales in the last 12 months

MAG 535

Building

86 apartments, studios to 3-bed over 6 floors in Dubai South, completed in 2020 by MAG. 5 sold in the last 12 months.

Typical price per sqft
AED 1,051
Typical sale
AED 1.03M
Typical rent
AED 50K /yr
Typical yield
7.5%
MAG 535, Dubai South: prices, sales and rents →

Other units on the 5th floor

All 86 units in MAG 535
Value
5012-bedAED 695K · Jul 2018
5021-bedAED 549K · May 2016
503StudioAED 396K · Oct 2018
5041-bedAED 566K · Jul 2016
5052-bedAED 1.06M · Feb 2026
5061-bedAED 780K · Feb 2026
507StudioAED 401K · Jun 2016
1–7 of 13

513, MAG 535 in numbers

  • Sold once: by MAG on 8 October 2018 for AED 820,000, or AED 849 per sqft.
  • Rented since June 2021 on 3 Ejari contracts, from AED 35,000 to AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2018 price is 7.3%, before a service charge of about AED 14,700 a year (AED 15.24 per sqft).
  • Two-beds in MAG 535 sold for AED 1,025,000–1,060,000 in the 12 months to November 2026; the building's median across all types is AED 1,051 per sqft.

Source: Dubai Land Department. Updated 20 April 2024.

Questions about 513, MAG 535

What did unit 513 last sell for?

AED 820,000 on 8 October 2018, sold by the developer: AED 849 per sqft for 966 sqft. It is the only registered sale of the unit.

What is the rent for unit 513?

AED 60,000 a year on the contract signed on 20 April 2024. The previous contract, from September 2022, was AED 41,000; the unit has been rented since June 2021.

How big is unit 513?

966 sqft (89.7 sqm): a two-bedroom apartment on the 5th floor of a 6-storey tower completed in 2020.

What is unit 513 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in MAG 535 sold for AED 1,025,000 to 1,060,000 in the last 12 months, around AED 1,036 per sqft.

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Mortgage on 513, MAG 535

Starts from the last sale price (AED 820K, 8 October 2018). Switch to today's estimate once you have unlocked it.
Price
AED 820,000
Deposit, UAE resident (20%)
AED 164,000
Deposit, non-resident (40%)
AED 328,000
Monthly over 25 years at 3.7%
AED 3,355

Plus AED 39,450 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →