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Studio · 410 sqftMAG 510, Dubai South · 2nd floor · completed 2020

216, MAG 510

Sold prices and rental history: sold once, by the developer in July 2018, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 216 · DLD and Ejari recordsUpdated 20 February 2025
Last soldAED 378K29 July 2018
Current rentAED 33K /yr20 February 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 216, MAG 510

What is 216 worth today?

Last sold for AED 378,250 in 2018

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20 Feb 2025RentedNew contract
AED 32,500/yr12 months · AED 79 per sqft
7 Feb 2022RentedRenewal
AED 18,000/yr12 months · AED 44 per sqft
7 Feb 2021RentedNew contract
AED 18,000/yr12 months · AED 44 per sqft
29 Jul 2018Sold by developerOff-plan
AED 378,250AED 922 per sqft

Source: Dubai Land Department. Updated 20 February 2025.

Key facts

Type
Studio apartment
Size
410 sqft
Floor
2nd of 6
Parking
G-38
Developer
MAG
Completed
2020
Service charge
AED 7,500 /yr
Last sold
AED 378K · July 2018
Building
MAG 510

About 216, MAG 510

216 is a studio of 410 sqft on the 2nd floor of MAG 510, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 29 July 2018 for AED 378,250, or AED 922 per sqft, 8% below the AED 1,004 studios in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, signed on 20 February 2025, is AED 32,500 a year: a gross yield of 8.6% on the 2018 price, before the service charge of about AED 7,500 a year.

Sales and rents for 216 over time

Sales
Unit 216, 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 2018: AED 378,250 (AED 922 per sqft)

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

Rents
Unit 216, 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, February 2021: AED 18,000 a yearRenewal, February 2022: AED 18,000 a yearNew contract, February 2025: AED 32,500 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 216 sits

All 60 studios →

216 last sold in July 2018 at AED 922 per sqft, 8% below what studios in MAG 510 were fetching at the time (AED 1,004). 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. 216's AED 32,500 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 2nd floor

All 132 units in MAG 510
Value
2011-bedAED 695K · Sep 2025
202StudioAED 485K · Feb 2026
203StudioAED 400K · May 2024
2041-bedAED 425K · May 2018
2052-bedAED 497K · May 2019
2061-bedAED 450K · Jul 2024
207StudioAED 475K · Mar 2025
1–7 of 21

216, MAG 510 in numbers

  • Sold once: by MAG on 29 July 2018 for AED 378,250, or AED 922 per sqft.
  • Rented since February 2021 on 3 Ejari contracts, from AED 18,000 to AED 32,500 a year.
  • At AED 32,500 a year the gross yield on the 2018 price is 8.6%, 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 20 February 2025.

Questions about 216, MAG 510

What did unit 216 last sell for?

AED 378,250 on 29 July 2018, sold by the developer: AED 922 per sqft for 410 sqft. It is the only registered sale of the unit.

What is the rent for unit 216?

AED 32,500 a year on the contract signed on 20 February 2025. The previous contract, from February 2022, was AED 18,000; the unit has been rented since February 2021.

How big is unit 216?

410 sqft (38.1 sqm): a studio on the 2nd floor of a 6-storey tower completed in 2020.

What is unit 216 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 216, MAG 510

Starts from the last sale price (AED 378K, 29 July 2018). Switch to today's estimate once you have unlocked it.
Price
AED 378,250
Deposit, UAE resident (20%)
AED 75,650
Deposit, non-resident (40%)
AED 151,300
Monthly over 25 years at 3.7%
AED 1,548

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