Unit 616, MAG 520: what it sold for and what it is worth now

Unit 616 at MAG 520 is a studio of 410 sq ft. It last sold for AED 272,181 on 1 Apr 2021. At AED 1,288 per sq ft, from 3 sales in the building in the last 12 months (studio), it is worth about AED 528,000 today.

Value todayAED 528,000AED 527,000 to AED 577,000
Last saleAED 272,1811 Apr 2021 · Resale
Change since last sale+94.0%Building trend alone: AED 481,865
Rent (median asking, studio)AED 40,950Gross yield 7.8%
Bedroomsstudio
Size410 sq ft
Floor6 (from the unit number)
Position in the towerStack 16: units ending 16 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 616

DatePriceSizeAED/sq ftType
1 Apr 2021AED 272,181410 sq ft664Resale

Latest studio sales in MAG 520

UnitDatePriceSizeAED/sq ftType
60315 Jul 2026AED 470,000365 sq ft1,288Resale
6077 Apr 2026AED 499,000389 sq ft1,283Resale
20827 Feb 2026AED 530,000347 sq ft1,527Resale
30310 Feb 2025AED 420,000365 sq ft1,151Resale
6038 Nov 2024AED 390,000365 sq ft1,068Resale
11725 Sep 2024AED 412,000437 sq ft943Resale
32212 Jul 2024AED 388,000360 sq ft1,078Resale
3214 Jul 2024AED 400,000360 sq ft1,111Resale

How we worked out the value

We took the 3 sales in MAG 520 in the last 12 months (studio), worked out the price per sq ft of each, and used the middle value (AED 1,288). We multiplied it by the size of this unit (410 sq ft). The range uses the middle half of those sales (AED 1,285 to AED 1,408 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 481,865. 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 616 at MAG 520 worth?

About AED 528,000 (range AED 527,000 to AED 577,000), based on AED 1,288 per sq ft from registered sales up to 7 Aug 2026.

When did unit 616 last sell?

1 Apr 2021, for AED 272,181 (resale). It has 1 registered sale.

What rent can unit 616 make?

A studio in MAG 520 rents for about AED 40,950 a year (median asking rent). That is a gross yield of 7.8% on the estimate.

Sales alert for MAG 520All sales in MAG 520

Unit 613 · Unit 618