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Studio · 365 sqftMAG 510, Dubai South · 4th floor · completed 2020

403, MAG 510

Sold prices and rental history: sold twice, last in March 2024, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 403 · DLD and Ejari recordsUpdated 21 November 2024
Last soldAED 350K28 March 2024
Current rentAED 38K /yr21 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 403, MAG 510

What is 403 worth today?

Last sold for AED 350,000 in 2024

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21 Nov 2024RentedNew contract
AED 38,000/yr12 months · AED 104 per sqft
28 Mar 2024SoldReady
AED 350,000AED 958 per sqft
2 Jan 2024RentedRenewal
AED 19,677/yr10 months · AED 54 per sqft
2 Jan 2023RentedNew contract
AED 17,850/yr12 months · AED 49 per sqft
2 Jan 2022RentedNew contract
AED 17,000/yr12 months · AED 46 per sqft
23 Sep 2020Sold by developerReady
AED 340,000AED 931 per sqft

Source: Dubai Land Department. Updated 21 November 2024.

Key facts

Type
Studio apartment
Size
365 sqft
Floor
4th of 6
Parking
G-69
Developer
MAG
Completed
2020
Service charge
AED 6,600 /yr
Last sold
AED 350K · March 2024
Building
MAG 510

About 403, MAG 510

403 is a studio of 365 sqft on the 4th floor of MAG 510, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 28 March 2024 for AED 350,000, or AED 958 per sqft, 17% above the AED 819 studios in the building were fetching at the time.

It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, signed on 21 November 2024, is AED 38,000 a year: a gross yield of 10.9% on the 2024 price, before the service charge of about AED 6,600 a year.

Sales and rents for 403 over time

Sales
Unit 403, 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, September 2020: AED 340,000 (AED 931 per sqft)Sold, March 2024: AED 350,000 (AED 958 per sqft)

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

Rents
Unit 403, 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 2022: AED 17,000 a yearNew contract, January 2023: AED 17,850 a yearRenewal, January 2024: AED 19,677 a yearNew contract, November 2024: AED 38,000 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 403 sits

All 60 studios →

403 last sold in March 2024 at AED 958 per sqft, 17% above what studios in MAG 510 were fetching at the time (AED 819). 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. 403's AED 38,000 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 4th floor

All 132 units in MAG 510
Value
4011-bedAED 625K · Jan 2025
402StudioAED 371K · Oct 2018
4041-bedAED 341K · Sep 2021
4052-bedAED 500K · Jul 2019
4061-bedAED 575K · May 2026
407StudioAED 359K · Sep 2019
408StudioAED 255K · May 2022
1–7 of 21

403, MAG 510 in numbers

  • Sold twice: first on 23 September 2020 for AED 340,000, last on 28 March 2024 for AED 350,000 (AED 958 per sqft).
  • Rented since January 2022 on 4 Ejari contracts, from AED 17,000 to AED 38,000 a year.
  • At AED 38,000 a year the gross yield on the 2024 price is 10.9%, 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 21 November 2024.

Questions about 403, MAG 510

What did unit 403 last sell for?

AED 350,000 on 28 March 2024: AED 958 per sqft for 365 sqft. The unit has 2 registered sales; the first was AED 340,000 in September 2020.

What is the rent for unit 403?

AED 38,000 a year on the contract signed on 21 November 2024. The previous contract, from January 2024, was AED 19,677; the unit has been rented since January 2022.

How big is unit 403?

365 sqft (33.9 sqm): a studio on the 4th floor of a 6-storey tower completed in 2020.

What is unit 403 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 403, MAG 510

Starts from the last sale price (AED 350K, 28 March 2024). Switch to today's estimate once you have unlocked it.
Price
AED 350,000
Deposit, UAE resident (20%)
AED 70,000
Deposit, non-resident (40%)
AED 140,000
Monthly over 25 years at 3.7%
AED 1,432

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