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1-bed · 638 sqftMAG 510, Dubai South · 1st floor · completed 2020

114, MAG 510

Sold prices and rental history: sold once, by the developer in July 2022, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 114 · DLD and Ejari recordsUpdated 7 August 2024
Last soldAED 400K25 July 2022
Current rentAED 42K /yr7 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 114, MAG 510

What is 114 worth today?

Last sold for AED 400,000 in 2022

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7 Aug 2024RentedRenewal
AED 42,000/yr12 months · AED 66 per sqft
7 Aug 2023RentedRenewal
AED 34,000/yr12 months · AED 54 per sqft
7 Aug 2022RentedNew contract
AED 30,000/yr12 months · AED 47 per sqft
25 Jul 2022Sold by developerReady
AED 400,000AED 627 per sqft
22 Jun 2021RentedNew contract
AED 26,000/yr12 months · AED 41 per sqft

Source: Dubai Land Department. Updated 7 August 2024.

Key facts

Type
1-bed apartment
Size
638 sqft
Floor
1st of 6
Parking
G-14
Developer
MAG
Completed
2020
Service charge
AED 11,600 /yr
Last sold
AED 400K · July 2022
Building
MAG 510

About 114, MAG 510

114 is a one-bedroom apartment of 638 sqft on the 1st floor of MAG 510, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 25 July 2022 for AED 400,000, or AED 627 per sqft, 15% below the AED 734 one-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, renewed on 7 August 2024, is AED 42,000 a year: a gross yield of 10.5% on the 2022 price, before the service charge of about AED 11,600 a year.

Sales and rents for 114 over time

Sales
Unit 114, each saleTypical one-bed in MAG 510
400K600K20182020202220242026Typical sale price by year: 2018 AED 468,000; 2019 AED 480,000; 2020 AED 458,000; 2021 AED 431,466; 2022 AED 345,000; 2023 AED 521,976; 2024 AED 472,500; 2025 AED 623,500Sold by developer, July 2022: AED 400,000 (AED 627 per sqft)

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

Rents
Unit 114, each contractTypical one-bed in MAG 510
20K40K2020202220242026Typical rent by year: 2020 AED 24,000; 2021 AED 23,000; 2022 AED 26,000; 2023 AED 32,000; 2024 AED 42,500; 2025 AED 50,000; 2026 AED 50,000New contract, June 2021: AED 26,000 a yearNew contract, August 2022: AED 30,000 a yearRenewal, August 2023: AED 34,000 a yearRenewal, August 2024: AED 42,000 a year

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

1-beds in MAG 510, and where 114 sits

All 60 1-beds →

114 last sold in July 2022 at AED 627 per sqft, 15% below what one-beds in MAG 510 were fetching at the time (AED 734). Over the last 12 months one-beds sold for AED 570,000 to 575,000, around AED 1,185 per sqft, and rent for AED 40,000 to 72,000 a year. 114's AED 42,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
8 May 2026575,000
24 Dec 2025570,000
17 Oct 2025700,000
30 Sep 2025695,000
2 1-bed sales in the last 12 months

MAG 510

Building

132 apartments, studios to 2-bed over 6 floors in Dubai South, completed in 2020 by MAG. 6 sold in the last 12 months.

Typical price per sqft
AED 1,213
Typical sale
AED 528K
Typical rent
AED 44K /yr
Typical yield
7.7%
MAG 510, Dubai South: prices, sales and rents →

Other units on the 1st floor

All 132 units in MAG 510
Value
1011-bedAED 480K · Jun 2019
102StudioAED 378K · Feb 2018
103StudioAED 407K · Sep 2025
1041-bedAED 343K · Dec 2021
1052-bedAED 396K · Dec 2021
1061-bedAED 340K · Mar 2022
107StudioAED 378K · Feb 2018
1–7 of 21

114, MAG 510 in numbers

  • Sold once: by MAG on 25 July 2022 for AED 400,000, or AED 627 per sqft.
  • Rented since June 2021 on 4 Ejari contracts, from AED 26,000 to AED 42,000 a year.
  • At AED 42,000 a year the gross yield on the 2022 price is 10.5%, before a service charge of about AED 11,600 a year (AED 18.21 per sqft).
  • One-beds in MAG 510 sold for AED 570,000–575,000 in the 12 months to November 2026; the building's median across all types is AED 1,213 per sqft.

Source: Dubai Land Department. Updated 7 August 2024.

Questions about 114, MAG 510

What did unit 114 last sell for?

AED 400,000 on 25 July 2022, sold by the developer: AED 627 per sqft for 638 sqft. It is the only registered sale of the unit.

What is the rent for unit 114?

AED 42,000 a year on the contract renewed on 7 August 2024. The previous contract, from August 2023, was AED 34,000; the unit has been rented since June 2021.

How big is unit 114?

638 sqft (59.3 sqm): a one-bedroom apartment on the 1st floor of a 6-storey tower completed in 2020.

What is unit 114 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in MAG 510 sold for AED 570,000 to 575,000 in the last 12 months, around AED 1,185 per sqft.

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Mortgage on 114, MAG 510

Starts from the last sale price (AED 400K, 25 July 2022). Switch to today's estimate once you have unlocked it.
Price
AED 400,000
Deposit, UAE resident (20%)
AED 80,000
Deposit, non-resident (40%)
AED 160,000
Monthly over 25 years at 3.7%
AED 1,637

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →