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Studio · 205 sqftMAG 510, Dubai South · 1st floor · completed 2020

115, MAG 510

Sold prices and rental history: sold once, by the developer in October 2017, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 115 · DLD and Ejari recordsUpdated 6 April 2023
Last soldAED 388K30 October 2017
Current rentAED 28K /yr6 April 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 115, MAG 510

What is 115 worth today?

Last sold for AED 388,000 in 2017

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6 Apr 2023RentedNew contract
AED 28,000/yr12 months · AED 68 per sqft
1 Sep 2022RentedRenewal
AED 16,286/yr7 months · AED 40 per sqft
1 Sep 2021RentedNew contract
AED 19,000/yr12 months · AED 46 per sqft
30 Oct 2017Sold by developerOff-plan
AED 388,000AED 946 per sqft

Source: Dubai Land Department. Updated 6 April 2023.

Key facts

Type
Studio apartment
Size
205 sqft
Floor
1st of 6
Parking
G-15
Developer
MAG
Completed
2020
Service charge
AED 3,700 /yr
Last sold
AED 388K · October 2017
Building
MAG 510

About 115, MAG 510

115 is a studio of 205 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 30 October 2017 for AED 388,000, or AED 946 per sqft, 5% below the AED 998 studios in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, signed on 6 April 2023, is AED 28,000 a year: a gross yield of 7.2% on the 2017 price, before the service charge of about AED 3,700 a year.

Sales and rents for 115 over time

Sales
Unit 115, each saleTypical studio in MAG 510
400K2017202020232026Typical sale price by year: 2017 AED 384,250; 2018 AED 381,250; 2019 AED 383,000; 2020 AED 368,415; 2021 AED 291,500; 2022 AED 252,500; 2023 AED 301,500; 2024 AED 390,000; 2025 AED 460,000; 2026 AED 478,000Sold by developer, October 2017: AED 388,000 (AED 946 per sqft)

115 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 115, each contractTypical studio in MAG 510
20K30K40K2020202220242026Typical rent by year: 2020 AED 18,000; 2021 AED 18,000; 2022 AED 19,000; 2023 AED 23,000; 2024 AED 33,000; 2025 AED 37,750; 2026 AED 38,000New contract, September 2021: AED 19,000 a yearRenewal, September 2022: AED 16,286 a yearNew contract, April 2023: AED 28,000 a year

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

Studios in MAG 510, and where 115 sits

All 60 studios →

115 last sold in October 2017 at AED 946 per sqft, 5% below what studios in MAG 510 were fetching at the time (AED 998). Over the last 12 months studios sold for AED 440,000 to 485,000, around AED 1,253 per sqft, and rent for AED 18,975 to 54,000 a year. 115's AED 28,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
5 Sep 2026440,000
4 Feb 2026485,000
12 Jan 2026478,000
23 Sep 2025460,000
3 studio 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

115, MAG 510 in numbers

  • Sold once: by MAG on 30 October 2017 for AED 388,000, or AED 946 per sqft.
  • Rented since September 2021 on 3 Ejari contracts. The rent fell from AED 19,000 to AED 16,286 in 2022 and recovered to AED 28,000 by April 2023.
  • At AED 28,000 a year the gross yield on the 2017 price is 7.2%, before a service charge of about AED 3,700 a year (AED 18.21 per sqft).
  • Studios in MAG 510 sold for AED 440,000–485,000 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 6 April 2023.

Questions about 115, MAG 510

What did unit 115 last sell for?

AED 388,000 on 30 October 2017, sold by the developer: AED 946 per sqft for 205 sqft. It is the only registered sale of the unit.

What is the rent for unit 115?

AED 28,000 a year on the contract signed on 6 April 2023. The previous contract, from September 2022, was AED 16,286; the unit has been rented since September 2021.

How big is unit 115?

205 sqft (19.0 sqm): a studio on the 1st floor of a 6-storey tower completed in 2020.

What is unit 115 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in MAG 510 sold for AED 440,000 to 485,000 in the last 12 months, around AED 1,253 per sqft.

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Mortgage on 115, MAG 510

Starts from the last sale price (AED 388K, 30 October 2017). Switch to today's estimate once you have unlocked it.
Price
AED 388,000
Deposit, UAE resident (20%)
AED 77,600
Deposit, non-resident (40%)
AED 155,200
Monthly over 25 years at 3.7%
AED 1,587

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