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Studio · 437 sqftMAG 510, Dubai South · 1st floor · completed 2020

118, MAG 510

Sold prices and rental history: sold once, by the developer in July 2019, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 118 · DLD and Ejari recordsUpdated 21 January 2026
Last soldAED 415K31 July 2019
Current rentAED 40K /yr21 January 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 118, MAG 510

What is 118 worth today?

Last sold for AED 415,000 in 2019

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21 Jan 2026RentedRenewal
AED 40,000/yr12 months · AED 91 per sqft
21 Jan 2025RentedNew contract
AED 38,500/yr12 months · AED 87 per sqft
15 Mar 2024RentedNew contract
AED 37,000/yr12 months · AED 84 per sqft
1 Mar 2022RentedRenewal
AED 21,000/yr12 months · AED 48 per sqft
1 Mar 2021RentedNew contract
AED 20,000/yr12 months · AED 45 per sqft
31 Jul 2019Sold by developerOff-plan
AED 415,000AED 949 per sqft

Source: Dubai Land Department. Updated 21 January 2026.

Key facts

Type
Studio apartment
Size
437 sqft
Floor
1st of 6
Parking
G-18
Developer
MAG
Completed
2020
Service charge
AED 8,000 /yr
Last sold
AED 415K · July 2019
Building
MAG 510

About 118, MAG 510

118 is a studio of 437 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 31 July 2019 for AED 415,000, or AED 949 per sqft, 5% below the AED 997 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, renewed on 21 January 2026, is AED 40,000 a year: a gross yield of 9.6% on the 2019 price, before the service charge of about AED 8,000 a year.

Sales and rents for 118 over time

Sales
Unit 118, 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, July 2019: AED 415,000 (AED 949 per sqft)

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

Rents
Unit 118, 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, March 2021: AED 20,000 a yearRenewal, March 2022: AED 21,000 a yearNew contract, March 2024: AED 37,000 a yearNew contract, January 2025: AED 38,500 a yearRenewal, January 2026: AED 40,000 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 118 sits

All 60 studios →

118 last sold in July 2019 at AED 949 per sqft, 5% below what studios in MAG 510 were fetching at the time (AED 997). 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. 118's AED 40,000 is in the upper 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

118, MAG 510 in numbers

  • Sold once: by MAG on 31 July 2019 for AED 415,000, or AED 949 per sqft.
  • Rented since March 2021 on 5 Ejari contracts, from AED 20,000 to AED 40,000 a year.
  • At AED 40,000 a year the gross yield on the 2019 price is 9.6%, before a service charge of about AED 8,000 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 21 January 2026.

Questions about 118, MAG 510

What did unit 118 last sell for?

AED 415,000 on 31 July 2019, sold by the developer: AED 949 per sqft for 437 sqft. It is the only registered sale of the unit.

What is the rent for unit 118?

AED 40,000 a year on the contract renewed on 21 January 2026. The previous contract, from January 2025, was AED 38,500; the unit has been rented since March 2021.

How big is unit 118?

437 sqft (40.6 sqm): a studio on the 1st floor of a 6-storey tower completed in 2020.

What is unit 118 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 118, MAG 510

Starts from the last sale price (AED 415K, 31 July 2019). Switch to today's estimate once you have unlocked it.
Price
AED 415,000
Deposit, UAE resident (20%)
AED 83,000
Deposit, non-resident (40%)
AED 166,000
Monthly over 25 years at 3.7%
AED 1,698

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