Unit 501, MAG 520: what it sold for and what it is worth now

Unit 501 at MAG 520 is a 1 bed of 629 sq ft. It last sold for AED 550,000 on 22 Jan 2024. At AED 1,167 per sq ft, from 5 sales in the building in the last 12 months (1 bed), it is worth about AED 734,000 today.

Value todayAED 734,000AED 678,000 to AED 776,000
Last saleAED 550,00022 Jan 2024 · Resale
Change since last sale+33.5%Building trend alone: AED 742,424
Rent (median asking, 1 bed)AED 51,900Gross yield 7.1%
Bedrooms1 bed
Size629 sq ft
Floor5 (from the unit number)
Position in the towerStack 01: units ending 01 share the same layout and view
BuildingMAG 520 by MAG Property Development, handed over 2019
Registered sales of this unit1

Every registered sale of unit 501

DatePriceSizeAED/sq ftType
22 Jan 2024AED 550,000629 sq ft874Resale

Units ending 01 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
10128 Feb 2023AED 449,174628 sq ft715Resale

Latest 1 bed sales in MAG 520

UnitDatePriceSizeAED/sq ftType
2137 Aug 2026AED 670,000622 sq ft1,077Resale
42023 Jun 2026AED 600,000514 sq ft1,167Resale
20924 Apr 2026AED 500,000478 sq ft1,046Resale
30923 Jan 2026AED 590,000478 sq ft1,234Resale
1097 Jan 2026AED 590,000478 sq ft1,234Resale
41223 Jun 2025AED 680,000656 sq ft1,037Resale
42013 May 2025AED 393,022514 sq ft765Resale
31224 Mar 2025AED 600,000656 sq ft915Resale

How we worked out the value

We took the 5 sales in MAG 520 in the last 12 months (1 bed), worked out the price per sq ft of each, and used the middle value (AED 1,167). We multiplied it by the size of this unit (629 sq ft). The range uses the middle half of those sales (AED 1,077 to AED 1,234 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 742,424. Floor, view, condition and upgrades can move the price either way. Sales data to 7 Aug 2026, from the Dubai Land Department register.

Questions

What is unit 501 at MAG 520 worth?

About AED 734,000 (range AED 678,000 to AED 776,000), based on AED 1,167 per sq ft from registered sales up to 7 Aug 2026.

When did unit 501 last sell?

22 Jan 2024, for AED 550,000 (resale). It has 1 registered sale.

What rent can unit 501 make?

A 1 bed in MAG 520 rents for about AED 51,900 a year (median asking rent). That is a gross yield of 7.1% on the estimate.

Sales alert for MAG 520All sales in MAG 520

Unit 421 · Unit 509