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

120, MAG 510

Sold prices and rental history: sold twice, last in August 2022, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 120 · DLD and Ejari recordsUpdated 1 August 2026
Last soldAED 320K16 August 2022
Current rentAED 45K /yr1 August 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 120, MAG 510

What is 120 worth today?

Last sold for AED 320,000 in 2022

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1 Aug 2026RentedNew contract
AED 45,000/yr12 months · AED 88 per sqft
30 Jul 2025RentedRenewal
AED 44,000/yr12 months · AED 86 per sqft
30 Jul 2024RentedNew contract
AED 44,000/yr12 months · AED 86 per sqft
1 Jul 2023RentedNew contract
AED 32,000/yr12 months · AED 62 per sqft
1 Oct 2022RentedNew contract
AED 28,000/yr12 months · AED 54 per sqft
16 Aug 2022SoldReady
AED 320,000AED 622 per sqft
15 Jul 2021RentedNew contract
AED 23,000/yr12 months · AED 45 per sqft
23 Jun 2020RentedNew contract
AED 24,000/yr12 months · AED 47 per sqft

Source: Dubai Land Department. Updated 1 August 2026.

Key facts

Type
1-bed apartment
Size
514 sqft
Floor
1st of 6
Parking
G-20
Developer
MAG
Completed
2020
Service charge
AED 9,400 /yr
Last sold
AED 320K · August 2022
Building
MAG 510

About 120, MAG 510

120 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. It last sold on 16 August 2022 for AED 320,000, or AED 622 per sqft, 14% below the AED 727 one-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 7 Ejari contracts. The current contract, signed on 1 August 2026, is AED 45,000 a year: a gross yield of 14.1% on the 2022 price, before the service charge of about AED 9,400 a year.

Sales and rents for 120 over time

Sales
Unit 120, 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, May 2018: AED 458,000 (AED 891 per sqft)Sold, August 2022: AED 320,000 (AED 622 per sqft)

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

Rents
Unit 120, 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 2020: AED 24,000 a yearNew contract, July 2021: AED 23,000 a yearNew contract, October 2022: AED 28,000 a yearNew contract, July 2023: AED 32,000 a yearNew contract, July 2024: AED 44,000 a yearRenewal, July 2025: AED 44,000 a yearNew contract, August 2026: AED 45,000 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 120 sits

All 60 1-beds →

120 last sold in August 2022 at AED 622 per sqft, 14% below what one-beds in MAG 510 were fetching at the time (AED 727). 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. 120's AED 45,000 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

120, MAG 510 in numbers

  • Sold twice: first on 9 May 2018 for AED 458,000, last on 16 August 2022 for AED 320,000 (AED 622 per sqft).
  • Rented since June 2020 on 7 Ejari contracts, from AED 24,000 to AED 45,000 a year.
  • At AED 45,000 a year the gross yield on the 2022 price is 14.1%, 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 1 August 2026.

Questions about 120, MAG 510

What did unit 120 last sell for?

AED 320,000 on 16 August 2022: AED 622 per sqft for 514 sqft. The unit has 2 registered sales; the first was AED 458,000 in May 2018.

What is the rent for unit 120?

AED 45,000 a year on the contract signed on 1 August 2026. The previous contract, from July 2025, was AED 44,000; the unit has been rented since June 2020.

How big is unit 120?

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

What is unit 120 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 120, MAG 510

Starts from the last sale price (AED 320K, 16 August 2022). Switch to today's estimate once you have unlocked it.
Price
AED 320,000
Deposit, UAE resident (20%)
AED 64,000
Deposit, non-resident (40%)
AED 128,000
Monthly over 25 years at 3.7%
AED 1,309

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