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1-bed · 514 sqftMAG 510, Dubai South · 1st floor · completed 2020

119, MAG 510

Sold prices and rental history: sold once, by the developer in February 2020, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 119 · DLD and Ejari recordsUpdated 10 April 2024
Last soldAED 448K6 February 2020
Current rentAED 41K /yr10 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 119, MAG 510

What is 119 worth today?

Last sold for AED 448,000 in 2020

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10 Apr 2024RentedNew contract
AED 40,992/yr12 months · AED 80 per sqft
2 Apr 2022RentedNew contract
AED 25,000/yr12 months · AED 49 per sqft
25 Feb 2021RentedNew contract
AED 23,000/yr12 months · AED 45 per sqft
6 Feb 2020Sold by developerOff-plan
AED 448,000AED 871 per sqft

Source: Dubai Land Department. Updated 10 April 2024.

Key facts

Type
1-bed apartment
Size
514 sqft
Floor
1st of 6
Parking
G-19
Developer
MAG
Completed
2020
Service charge
AED 9,400 /yr
Last sold
AED 448K · February 2020
Building
MAG 510

About 119, MAG 510

119 is a one-bedroom apartment of 514 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 6 February 2020 for AED 448,000, or AED 871 per sqft, in line with the AED 871 one-beds in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, signed on 10 April 2024, is AED 40,992 a year: a gross yield of 9.2% on the 2020 price, before the service charge of about AED 9,400 a year.

Sales and rents for 119 over time

Sales
Unit 119, 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, February 2020: AED 448,000 (AED 871 per sqft)

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

Rents
Unit 119, 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, February 2021: AED 23,000 a yearNew contract, April 2022: AED 25,000 a yearNew contract, April 2024: AED 40,992 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 119 sits

All 60 1-beds →

119 last sold in February 2020 at AED 871 per sqft, in line with what one-beds in MAG 510 were fetching at the time (AED 871). 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. 119's AED 40,992 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

119, MAG 510 in numbers

  • Sold once: by MAG on 6 February 2020 for AED 448,000, or AED 871 per sqft.
  • Rented since February 2021 on 3 Ejari contracts, from AED 23,000 to AED 40,992 a year.
  • At AED 40,992 a year the gross yield on the 2020 price is 9.2%, before a service charge of about AED 9,400 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 10 April 2024.

Questions about 119, MAG 510

What did unit 119 last sell for?

AED 448,000 on 6 February 2020, sold by the developer: AED 871 per sqft for 514 sqft. It is the only registered sale of the unit.

What is the rent for unit 119?

AED 40,992 a year on the contract signed on 10 April 2024. The previous contract, from April 2022, was AED 25,000; the unit has been rented since February 2021.

How big is unit 119?

514 sqft (47.8 sqm): a one-bedroom apartment on the 1st floor of a 6-storey tower completed in 2020.

What is unit 119 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 119, MAG 510

Starts from the last sale price (AED 448K, 6 February 2020). Switch to today's estimate once you have unlocked it.
Price
AED 448,000
Deposit, UAE resident (20%)
AED 89,600
Deposit, non-resident (40%)
AED 179,200
Monthly over 25 years at 3.7%
AED 1,833

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