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Studio · 410 sqftMAG 510, Dubai South · 3rd floor · completed 2020

316, MAG 510

Sold prices and rental history: sold once, by the developer in December 2017, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 316 · DLD and Ejari recordsUpdated 26 September 2025
Last soldAED 415K26 December 2017
Current rentAED 40K /yr26 September 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 316, MAG 510

What is 316 worth today?

Last sold for AED 415,000 in 2017

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26 Sep 2025RentedNew contract
AED 40,000/yr12 months · AED 98 per sqft
15 Dec 2023RentedRenewal
AED 23,000/yr12 months · AED 56 per sqft
15 Dec 2022RentedNew contract
AED 23,000/yr12 months · AED 56 per sqft
25 Jan 2022RentedRenewal
AED 20,000/yr12 months · AED 49 per sqft
25 Jan 2021RentedNew contract
AED 17,000/yr12 months · AED 41 per sqft
26 Dec 2017Sold by developerOff-plan
AED 415,000AED 1,011 per sqft

Source: Dubai Land Department. Updated 26 September 2025.

Key facts

Type
Studio apartment
Size
410 sqft
Floor
3rd of 6
Parking
G-60
Developer
MAG
Completed
2020
Service charge
AED 7,500 /yr
Last sold
AED 415K · December 2017
Building
MAG 510

About 316, MAG 510

316 is a studio of 410 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 26 December 2017 for AED 415,000, or AED 1,011 per sqft, in line with the AED 1,032 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, signed on 26 September 2025, is AED 40,000 a year: a gross yield of 9.6% on the 2017 price, before the service charge of about AED 7,500 a year.

Sales and rents for 316 over time

Sales
Unit 316, 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 415,000 (AED 1,011 per sqft)

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

Rents
Unit 316, 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, January 2021: AED 17,000 a yearRenewal, January 2022: AED 20,000 a yearNew contract, December 2022: AED 23,000 a yearRenewal, December 2023: AED 23,000 a yearNew contract, September 2025: AED 40,000 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 316 sits

All 60 studios →

316 last sold in December 2017 at AED 1,011 per sqft, in line with what studios in MAG 510 were fetching at the time (AED 1,032). 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. 316's AED 40,000 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 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

316, MAG 510 in numbers

  • Sold once: by MAG on 26 December 2017 for AED 415,000, or AED 1,011 per sqft.
  • Rented since January 2021 on 5 Ejari contracts, from AED 17,000 to AED 40,000 a year.
  • At AED 40,000 a year the gross yield on the 2017 price is 9.6%, 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 26 September 2025.

Questions about 316, MAG 510

What did unit 316 last sell for?

AED 415,000 on 26 December 2017, sold by the developer: AED 1,011 per sqft for 410 sqft. It is the only registered sale of the unit.

What is the rent for unit 316?

AED 40,000 a year on the contract signed on 26 September 2025. The previous contract, from December 2023, was AED 23,000; the unit has been rented since January 2021.

How big is unit 316?

410 sqft (38.1 sqm): a studio on the 3rd floor of a 6-storey tower completed in 2020.

What is unit 316 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 316, MAG 510

Starts from the last sale price (AED 415K, 26 December 2017). Switch to today's estimate once you have unlocked it.
Price
AED 415,000
Deposit, UAE resident (20%)
AED 83,000
Deposit, non-resident (40%)
AED 166,000
Monthly over 25 years at 3.7%
AED 1,698

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