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Studio · 347 sqftMAG 510, Dubai South · 3rd floor · completed 2020

308, MAG 510

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

Unit 308 · DLD and Ejari recordsUpdated 1 October 2026
Last soldAED 327K21 March 2018
Current rentAED 34K /yr1 October 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 308, MAG 510

What is 308 worth today?

Last sold for AED 327,000 in 2018

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1 Oct 2026RentedNew contract
AED 34,000/yr12 months · AED 99 per sqft
1 Jun 2025RentedRenewal
AED 34,000/yr12 months · AED 98 per sqft
1 Jun 2024RentedNew contract
AED 34,000/yr12 months · AED 98 per sqft
22 Apr 2023RentedNew contract
AED 25,500/yr12 months · AED 73 per sqft
5 Apr 2022RentedNew contract
AED 21,000/yr12 months · AED 60 per sqft
14 Mar 2021RentedNew contract
AED 17,500/yr12 months · AED 51 per sqft
21 Mar 2018Sold by developerOff-plan
AED 327,000AED 941 per sqft

Source: Dubai Land Department. Updated 1 October 2026.

Key facts

Type
Studio apartment
Size
347 sqft
Floor
3rd of 6
Parking
G-52
Developer
MAG
Completed
2020
Service charge
AED 6,300 /yr
Last sold
AED 327K · March 2018
Building
MAG 510

About 308, MAG 510

308 is a studio of 347 sqft on the 3rd floor of MAG 510, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 21 March 2018 for AED 327,000, or AED 941 per sqft, 8% below the AED 1,021 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 6 Ejari contracts. The current contract, signed on 1 October 2026, is AED 34,000 a year: a gross yield of 10.4% on the 2018 price, before the service charge of about AED 6,300 a year.

Sales and rents for 308 over time

Sales
Unit 308, 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, March 2018: AED 327,000 (AED 941 per sqft)

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

Rents
Unit 308, 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, March 2021: AED 17,500 a yearNew contract, April 2022: AED 21,000 a yearNew contract, April 2023: AED 25,500 a yearNew contract, June 2024: AED 34,000 a yearRenewal, June 2025: AED 34,000 a yearNew contract, October 2026: AED 34,000 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 308 sits

All 60 studios →

308 last sold in March 2018 at AED 941 per sqft, 8% below what studios in MAG 510 were fetching at the time (AED 1,021). 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. 308's AED 34,000 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 3rd floor

All 132 units in MAG 510
Value
3011-bedAED 530K · May 2018
302StudioAED 378K · Nov 2017
303StudioAED 344K · May 2018
3041-bedAED 425K · Mar 2024
3052-bedAED 660K · May 2025
3061-bedAED 404K · Jan 2025
307StudioAED 478K · Jan 2026
1–7 of 21

308, MAG 510 in numbers

  • Sold once: by MAG on 21 March 2018 for AED 327,000, or AED 941 per sqft.
  • Rented since March 2021 on 6 Ejari contracts, from AED 17,500 to AED 34,000 a year.
  • At AED 34,000 a year the gross yield on the 2018 price is 10.4%, before a service charge of about AED 6,300 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 1 October 2026.

Questions about 308, MAG 510

What did unit 308 last sell for?

AED 327,000 on 21 March 2018, sold by the developer: AED 941 per sqft for 347 sqft. It is the only registered sale of the unit.

What is the rent for unit 308?

AED 34,000 a year on the contract signed on 1 October 2026. The previous contract, from June 2025, was AED 34,000; the unit has been rented since March 2021.

How big is unit 308?

347 sqft (32.2 sqm): a studio on the 3rd floor of a 6-storey tower completed in 2020.

What is unit 308 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 308, MAG 510

Starts from the last sale price (AED 327K, 21 March 2018). Switch to today's estimate once you have unlocked it.
Price
AED 327,000
Deposit, UAE resident (20%)
AED 65,400
Deposit, non-resident (40%)
AED 130,800
Monthly over 25 years at 3.7%
AED 1,338

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