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2-bed · 668 sqftMAG 510, Dubai South · 4th floor · completed 2020

405, MAG 510

Sold prices and rental history: sold once, by the developer in July 2019, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 405 · DLD and Ejari recordsUpdated 16 April 2025
Last soldAED 500K11 July 2019
Current rentAED 55K /yr16 April 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 405, MAG 510

What is 405 worth today?

Last sold for AED 500,000 in 2019

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16 Apr 2025RentedNew contract
AED 55,000/yr12 months · AED 82 per sqft
16 Apr 2025RentedNew contract
AED 55,000/yr12 months · AED 82 per sqft
10 Apr 2024RentedNew contract
AED 50,000/yr12 months · AED 75 per sqft
5 Apr 2022RentedNew contract
AED 30,000/yr12 months · AED 45 per sqft
10 Apr 2021RentedNew contract
AED 27,000/yr12 months · AED 40 per sqft
11 Jul 2019Sold by developerOff-plan
AED 500,000AED 748 per sqft

Source: Dubai Land Department. Updated 16 April 2025.

Key facts

Type
2-bed apartment
Size
668 sqft
Floor
4th of 6
Parking
G-71
Developer
MAG
Completed
2020
Service charge
AED 12,200 /yr
Last sold
AED 500K · July 2019
Building
MAG 510

About 405, MAG 510

405 is a two-bedroom apartment of 668 sqft on the 4th floor of MAG 510, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 11 July 2019 for AED 500,000, or AED 748 per sqft, in line with the AED 749 two-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, signed on 16 April 2025, is AED 55,000 a year: a gross yield of 11.0% on the 2019 price, before the service charge of about AED 12,200 a year.

Sales and rents for 405 over time

Sales
Unit 405, each saleTypical two-bed in MAG 510
400K500K600K20182019202020212022Typical sale price by year: 2018 AED 588,162; 2019 AED 500,000; 2021 AED 419,435Sold by developer, July 2019: AED 500,000 (AED 748 per sqft)

405 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 405, each contractTypical two-bed in MAG 510
40K60K2020202220242026Typical rent by year: 2020 AED 34,000; 2021 AED 30,000; 2022 AED 32,500; 2023 AED 43,500; 2024 AED 50,000; 2025 AED 54,600; 2026 AED 54,300New contract, April 2021: AED 27,000 a yearNew contract, April 2022: AED 30,000 a yearNew contract, April 2024: AED 50,000 a yearNew contract, April 2025: AED 55,000 a yearNew contract, April 2025: AED 55,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in MAG 510, and where 405 sits

All 12 2-beds →

405 last sold in July 2019 at AED 748 per sqft, in line with what two-beds in MAG 510 were fetching at the time (AED 749). Over the last 12 months two-beds sold for AED 725,000, around AED 1,087 per sqft, and rent for AED 52,000 to 58,000 a year. 405's AED 55,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
10 Sep 2026725,000
23 May 2025660,000
2 Oct 2024600,000
20 Mar 2024630,000
1 2-bed sale 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
403StudioAED 350K · Mar 2024
4041-bedAED 341K · Sep 2021
4061-bedAED 575K · May 2026
407StudioAED 359K · Sep 2019
408StudioAED 255K · May 2022
1–7 of 21

405, MAG 510 in numbers

  • Sold once: by MAG on 11 July 2019 for AED 500,000, or AED 748 per sqft.
  • Rented since April 2021 on 5 Ejari contracts, from AED 27,000 to AED 55,000 a year.
  • At AED 55,000 a year the gross yield on the 2019 price is 11.0%, before a service charge of about AED 12,200 a year (AED 18.21 per sqft).
  • Two-beds in MAG 510 sold for AED 725,000–725,000 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 16 April 2025.

Questions about 405, MAG 510

What did unit 405 last sell for?

AED 500,000 on 11 July 2019, sold by the developer: AED 748 per sqft for 668 sqft. It is the only registered sale of the unit.

What is the rent for unit 405?

AED 55,000 a year on the contract signed on 16 April 2025. The previous contract, from April 2025, was AED 55,000; the unit has been rented since April 2021.

How big is unit 405?

668 sqft (62.1 sqm): a two-bedroom apartment on the 4th floor of a 6-storey tower completed in 2020.

What is unit 405 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in MAG 510 sold for AED 725,000 to 725,000 in the last 12 months, around AED 1,087 per sqft.

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Mortgage on 405, MAG 510

Starts from the last sale price (AED 500K, 11 July 2019). Switch to today's estimate once you have unlocked it.
Price
AED 500,000
Deposit, UAE resident (20%)
AED 100,000
Deposit, non-resident (40%)
AED 200,000
Monthly over 25 years at 3.7%
AED 2,046

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