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Studio · 360 sqftMAG 510, Dubai South · 1st floor · completed 2020

122, MAG 510

Sold prices and rental history: sold twice, last in May 2024, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 122 · DLD and Ejari recordsUpdated 2 September 2024
Last soldAED 390K24 May 2024
Current rentAED 35K /yr2 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 122, MAG 510

What is 122 worth today?

Last sold for AED 390,000 in 2024

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2 Sep 2024RentedNew contract
AED 35,000/yr12 months · AED 99 per sqft
24 May 2024SoldReady
AED 390,000AED 1,083 per sqft
1 Jul 2022RentedNew contract
AED 21,000/yr12 months · AED 59 per sqft
5 Jan 2022RentedNew contract
AED 18,000/yr4 months · AED 50 per sqft
5 Jan 2021RentedNew contract
AED 17,000/yr12 months · AED 47 per sqft
10 Dec 2017Sold by developerOff-plan
AED 370,000AED 1,027 per sqft

Source: Dubai Land Department. Updated 2 September 2024.

Key facts

Type
Studio apartment
Size
360 sqft
Floor
1st of 6
Parking
G-133
Developer
MAG
Completed
2020
Service charge
AED 6,600 /yr
Last sold
AED 390K · May 2024
Building
MAG 510

About 122, MAG 510

122 is a studio of 360 sqft on the 1st floor of MAG 510, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 24 May 2024 for AED 390,000, or AED 1,083 per sqft, 13% above the AED 960 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, signed on 2 September 2024, is AED 35,000 a year: a gross yield of 9.0% on the 2024 price, before the service charge of about AED 6,600 a year.

Sales and rents for 122 over time

Sales
Unit 122, 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, December 2017: AED 370,000 (AED 1,027 per sqft)Sold, May 2024: AED 390,000 (AED 1,083 per sqft)

122 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 122, 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, January 2021: AED 17,000 a yearNew contract, January 2022: AED 18,000 a yearNew contract, July 2022: AED 21,000 a yearNew contract, September 2024: AED 35,000 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 122 sits

All 60 studios →

122 last sold in May 2024 at AED 1,083 per sqft, 13% above what studios in MAG 510 were fetching at the time (AED 960). 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. 122's AED 35,000 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

122, MAG 510 in numbers

  • Sold twice: first on 10 December 2017 for AED 370,000, last on 24 May 2024 for AED 390,000 (AED 1,083 per sqft).
  • Rented since January 2021 on 4 Ejari contracts, from AED 17,000 to AED 35,000 a year.
  • At AED 35,000 a year the gross yield on the 2024 price is 9.0%, before a service charge of about AED 6,600 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 2 September 2024.

Questions about 122, MAG 510

What did unit 122 last sell for?

AED 390,000 on 24 May 2024: AED 1,083 per sqft for 360 sqft. The unit has 2 registered sales; the first was AED 370,000 in December 2017.

What is the rent for unit 122?

AED 35,000 a year on the contract signed on 2 September 2024. The previous contract, from July 2022, was AED 21,000; the unit has been rented since January 2021.

How big is unit 122?

360 sqft (33.4 sqm): a studio on the 1st floor of a 6-storey tower completed in 2020.

What is unit 122 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 122, MAG 510

Starts from the last sale price (AED 390K, 24 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 390,000
Deposit, UAE resident (20%)
AED 78,000
Deposit, non-resident (40%)
AED 156,000
Monthly over 25 years at 3.7%
AED 1,596

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