116, MAG 510
Sold prices and rental history: sold twice, last in May 2024, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 116, MAG 510
What is 116 worth today?
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Source: Dubai Land Department. Updated 5 August 2024.
Key facts
- Type
- Studio apartment
- Size
- 410 sqft
- Floor
- 1st of 6
- Parking
- G-16
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 7,500 /yr
- Last sold
- AED 345K · May 2024
- Building
- MAG 510
About 116, MAG 510
116 is a studio of 410 sqft on the 1st floor of MAG 510, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 27 May 2024 for AED 345,000, or AED 841 per sqft, 12% below the AED 958 studios in the building were fetching at the time.
It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, signed on 5 August 2024, is AED 33,909 a year: a gross yield of 9.8% on the 2024 price, before the service charge of about AED 7,500 a year.
Sales and rents for 116 over time
116 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 510, and where 116 sits
All 60 studios →116 last sold in May 2024 at AED 841 per sqft, 12% below what studios in MAG 510 were fetching at the time (AED 958). 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. 116's AED 33,909 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 5 Sep 20265 September 2026 | 349 sqft | 440,000 | 1,260 | ||
| 4 Feb 20264 February 2026 | 387 sqft | 485,000 | 1,253 | ||
| 12 Jan 202612 January 2026 | 387 sqft | 478,000 | 1,235 | ||
| 23 Sep 202523 September 2025 | 410 sqft | 460,000 | 1,121 |
MAG 510
Building132 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%
Other units on the 1st floor
All 132 units in MAG 510| ValueToday's value | |||||
|---|---|---|---|---|---|
| 101 | 1-bed | 628 sqft | AED 480KAED 480,000 · Jun 2019June 2019 | 49,000 /yr | |
| 102 | Studio | 387 sqft | AED 378KAED 378,000 · Feb 2018February 2018 | 33,000 /yr | |
| 103 | Studio | 365 sqft | AED 407KAED 407,000 · Sep 2025September 2025 | 36,000 /yr | |
| 104 | 1-bed | 478 sqft | AED 343KAED 343,100 · Dec 2021December 2021 | 44,100 /yr | |
| 105 | 2-bed | 668 sqft | AED 396KAED 396,000 · Dec 2021December 2021 | ||
| 106 | 1-bed | 483 sqft | AED 340KAED 340,000 · Mar 2022March 2022 | ||
| 107 | Studio | 387 sqft | AED 378KAED 378,000 · Feb 2018February 2018 | 42,000 /yr | |
| 108 | Studio | 347 sqft | AED 363KAED 363,379 · Mar 2018March 2018 | 19,000 /yr | |
| 109 | 1-bed | 478 sqft | AED 459KAED 458,720 · Jul 2019July 2019 | 48,000 /yr | |
| 110 | 2-bed | 667 sqft | AED 725KAED 725,000 · Sep 2026September 2026 | 52,020 /yr | |
| 111 | 1-bed | 483 sqft | AED 436KAED 436,000 · Mar 2018March 2018 | 15,050 /yr | |
| 112 | 1-bed | 656 sqft | AED 498KAED 498,000 · Sep 2019September 2019 | ||
| 113 | 1-bed | 622 sqft | AED 465KAED 465,000 · Jan 2024January 2024 | 52,500 /yr | |
| 114 | 1-bed | 638 sqft | AED 400KAED 400,000 · Jul 2022July 2022 | 42,000 /yr | |
| 115 | Studio | 205 sqft | AED 388KAED 388,000 · Oct 2017October 2017 | 28,000 /yr | |
| 117 | Studio | 437 sqft | AED 475KAED 475,000 · Mar 2025March 2025 | 45,000 /yr | |
| 118 | Studio | 437 sqft | AED 415KAED 415,000 · Jul 2019July 2019 | 40,000 /yr | |
| 119 | 1-bed | 514 sqft | AED 448KAED 448,000 · Feb 2020February 2020 | 40,992 /yr | |
| 120 | 1-bed | 514 sqft | AED 320KAED 320,000 · Aug 2022August 2022 | 45,000 /yr | |
| 121 | Studio | 360 sqft | AED 400KAED 400,000 · Nov 2024November 2024 | 38,000 /yr | |
| 122 | Studio | 360 sqft | AED 390KAED 390,000 · May 2024May 2024 | 35,000 /yr |
116, MAG 510 in numbers
- Sold twice: first on 6 March 2018 for AED 415,000, last on 27 May 2024 for AED 345,000 (AED 841 per sqft).
- Rented since August 2020 on 4 Ejari contracts, from AED 20,000 to AED 33,909 a year.
- At AED 33,909 a year the gross yield on the 2024 price is 9.8%, before a service charge of about AED 7,500 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 5 August 2024.
Questions about 116, MAG 510
What did unit 116 last sell for?
AED 345,000 on 27 May 2024: AED 841 per sqft for 410 sqft. The unit has 2 registered sales; the first was AED 415,000 in March 2018.
What is the rent for unit 116?
AED 33,909 a year on the contract signed on 5 August 2024. The previous contract, from June 2023, was AED 21,000; the unit has been rented since August 2020.
How big is unit 116?
410 sqft (38.1 sqm): a studio on the 1st floor of a 6-storey tower completed in 2020.
What is unit 116 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 116, MAG 510
Starts from the last sale price (AED 345K, 27 May 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 345,000
- Deposit, UAE resident (20%)
- AED 69,000
- Deposit, non-resident (40%)
- AED 138,000
- Monthly over 25 years at 3.7%
- AED 1,412
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →