518, MAG 560
Sold prices and rental history: sold twice, last in October 2024, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 518, MAG 560
What is 518 worth today?
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Source: Dubai Land Department. Updated 15 October 2024.
Key facts
- Type
- Studio apartment
- Size
- 437 sqft
- Floor
- 5th of 6
- Parking
- G-107
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 7,800 /yr
- Last sold
- AED 440K · October 2024
- Building
- MAG 560
About 518, MAG 560
518 is a studio of 437 sqft on the 5th floor of MAG 560, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 15 October 2024 for AED 440,000, or AED 1,007 per sqft, 11% above the AED 906 studios in the building were fetching at the time.
It has been rented since 2020 on 2 Ejari contracts. The current contract, signed on 10 August 2021, is AED 19,000 a year: a gross yield of 4.3% on the 2024 price, before the service charge of about AED 7,800 a year.
Sales and rents for 518 over time
518 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 560, and where 518 sits
All 57 studios →518 last sold in October 2024 at AED 1,007 per sqft, 11% above what studios in MAG 560 were fetching at the time (AED 906). Over the last 12 months studios sold for AED 495,000, around AED 1,206 per sqft, and rent for AED 26,460 to 45,000 a year. 518's AED 19,000 is at the bottom of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 4 Dec 20254 December 2025 | 410 sqft | 495,000 | 1,206 | ||
| 17 Jun 202517 June 2025 | 410 sqft | 460,000 | 1,122 | ||
| 6 Feb 20256 February 2025 | 437 sqft | 420,000 | 961 | ||
| 23 Jan 202523 January 2025 | 360 sqft | 450,000 | 1,249 |
MAG 560
Building132 apartments, studios to 2-bed over 6 floors in Dubai South, completed in 2020 by MAG. 3 sold in the last 12 months.
- Typical price per sqft
- AED 1,121
- Typical sale
- AED 620K
- Typical rent
- AED 42K /yr
- Typical yield
- 8.8%
Other units on the 5th floor
All 132 units in MAG 560| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 629 sqft | AED 530KAED 530,000 · Nov 2017November 2017 | 50,000 /yr | |
| 502 | Studio | 389 sqft | AED 323KAED 323,000 · Oct 2022October 2022 | 39,000 /yr | |
| 503 | Studio | 365 sqft | AED 350KAED 350,000 · May 2024May 2024 | 30,250 /yr | |
| 504 | 1-bed | 478 sqft | AED 443KAED 442,775 · Aug 2017August 2017 | 50,000 /yr | |
| 505 | 2-bed | 666 sqft | AED 520KAED 520,000 · Dec 2017December 2017 | 42,000 /yr | |
| 506 | 1-bed | 483 sqft | AED 448KAED 448,000 · Jan 2018January 2018 | 50,000 /yr | |
| 507 | Studio | 389 sqft | AED 325KAED 325,000 · Jul 2017July 2017 | 37,000 /yr | |
| 508 | Studio | 349 sqft | AED 330KAED 330,000 · May 2024May 2024 | 30,000 /yr | |
| 509 | 1-bed | 478 sqft | AED 477KAED 477,000 · Aug 2017August 2017 | ||
| 510 | 2-bed | 665 sqft | AED 470KAED 470,000 · Apr 2023April 2023 | ||
| 511 | 1-bed | 483 sqft | AED 520KAED 520,000 · Sep 2024September 2024 | 47,000 /yr | |
| 512 | 1-bed | 657 sqft | AED 558KAED 558,000 · Nov 2017November 2017 | 46,000 /yr | |
| 513 | 1-bed | 623 sqft | AED 467KAED 466,695 · Jul 2018July 2018 | 55,000 /yr | |
| 514 | 1-bed | 638 sqft | AED 535KAED 535,000 · Nov 2017November 2017 | 48,000 /yr | |
| 515 | Studio | 410 sqft | AED 460KAED 460,000 · Jun 2025June 2025 | 40,000 /yr | |
| 516 | 410 sqft | AED 460KAED 460,000 · Aug 2025August 2025 | 27,600 /yr | ||
| 517 | 437 sqft | AED 465KAED 465,000 · Sep 2025September 2025 | |||
| 519 | 1-bed | 514 sqft | AED 473KAED 472,558 · Jan 2019January 2019 | 34,155 /yr | |
| 520 | 1-bed | 514 sqft | AED 443KAED 443,000 · Jun 2018June 2018 | 40,000 /yr | |
| 521 | Studio | 360 sqft | AED 328KAED 327,750 · Feb 2020February 2020 | ||
| 522 | Studio | 360 sqft | AED 328KAED 327,750 · Feb 2020February 2020 |
518, MAG 560 in numbers
- Sold twice: first on 6 March 2018 for AED 400,000, last on 15 October 2024 for AED 440,000 (AED 1,007 per sqft).
- Rented since August 2020 on 2 Ejari contracts, at AED 19,000 a year.
- At AED 19,000 a year the gross yield on the 2024 price is 4.3%, before a service charge of about AED 7,800 a year (AED 17.79 per sqft).
- Studios in MAG 560 sold for AED 495,000–495,000 in the 12 months to November 2026; the building's median across all types is AED 1,121 per sqft.
Source: Dubai Land Department. Updated 15 October 2024.
Questions about 518, MAG 560
What did unit 518 last sell for?
AED 440,000 on 15 October 2024: AED 1,007 per sqft for 437 sqft. The unit has 2 registered sales; the first was AED 400,000 in March 2018.
What is the rent for unit 518?
AED 19,000 a year on the contract signed on 10 August 2021. The previous contract, from August 2020, was AED 19,000.
How big is unit 518?
437 sqft (40.6 sqm): a studio on the 5th floor of a 6-storey tower completed in 2020.
What is unit 518 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in MAG 560 sold for AED 495,000 to 495,000 in the last 12 months, around AED 1,206 per sqft.
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Mortgage on 518, MAG 560
Starts from the last sale price (AED 440K, 15 October 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 440,000
- Deposit, UAE resident (20%)
- AED 88,000
- Deposit, non-resident (40%)
- AED 176,000
- Monthly over 25 years at 3.7%
- AED 1,800
Plus AED 21,390 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →