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Studio · 437 sqftMAG 510, Dubai South · 2nd floor · completed 2020

218, MAG 510

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

Unit 218 · DLD and Ejari recordsUpdated 11 October 2025
Last soldAED 410K16 September 2024
Current rentAED 44K /yr11 October 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 218, MAG 510

What is 218 worth today?

Last sold for AED 410,000 in 2024

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11 Oct 2025RentedRenewal
AED 44,000/yr12 months · AED 100 per sqft
11 Oct 2024RentedNew contract
AED 44,000/yr12 months · AED 100 per sqft
16 Sep 2024SoldReady
AED 410,000AED 938 per sqft
15 Sep 2023RentedNew contract
AED 28,000/yr12 months · AED 64 per sqft
26 Aug 2021RentedNew contract
AED 18,000/yr12 months · AED 41 per sqft
7 Nov 2019Sold by developerOff-plan
AED 402,707AED 921 per sqft

Source: Dubai Land Department. Updated 11 October 2025.

Key facts

Type
Studio apartment
Size
437 sqft
Floor
2nd of 6
Parking
G-40
Developer
MAG
Completed
2020
Service charge
AED 8,000 /yr
Last sold
AED 410K · September 2024
Building
MAG 510

About 218, MAG 510

218 is a studio of 437 sqft on the 2nd floor of MAG 510, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 16 September 2024 for AED 410,000, or AED 938 per sqft, in line with 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, renewed on 11 October 2025, is AED 44,000 a year: a gross yield of 10.7% on the 2024 price, before the service charge of about AED 8,000 a year.

Sales and rents for 218 over time

Sales
Unit 218, 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, November 2019: AED 402,707 (AED 921 per sqft)Sold, September 2024: AED 410,000 (AED 938 per sqft)

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

Rents
Unit 218, each contractTypical studio in MAG 510
20K40K2020202220242026Typical 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, August 2021: AED 18,000 a yearNew contract, September 2023: AED 28,000 a yearNew contract, October 2024: AED 44,000 a yearRenewal, October 2025: AED 44,000 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 218 sits

All 60 studios →

218 last sold in September 2024 at AED 938 per sqft, in line with 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. 218's AED 44,000 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 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

218, MAG 510 in numbers

  • Sold twice: first on 7 November 2019 for AED 402,707, last on 16 September 2024 for AED 410,000 (AED 938 per sqft).
  • Rented since August 2021 on 4 Ejari contracts, from AED 18,000 to AED 44,000 a year.
  • At AED 44,000 a year the gross yield on the 2024 price is 10.7%, 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 11 October 2025.

Questions about 218, MAG 510

What did unit 218 last sell for?

AED 410,000 on 16 September 2024: AED 938 per sqft for 437 sqft. The unit has 2 registered sales; the first was AED 402,707 in November 2019.

What is the rent for unit 218?

AED 44,000 a year on the contract renewed on 11 October 2025. The previous contract, from October 2024, was AED 44,000; the unit has been rented since August 2021.

How big is unit 218?

437 sqft (40.6 sqm): a studio on the 2nd floor of a 6-storey tower completed in 2020.

What is unit 218 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 218, MAG 510

Starts from the last sale price (AED 410K, 16 September 2024). Switch to today's estimate once you have unlocked it.
Price
AED 410,000
Deposit, UAE resident (20%)
AED 82,000
Deposit, non-resident (40%)
AED 164,000
Monthly over 25 years at 3.7%
AED 1,677

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