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Studio · 387 sqftMAG 510, Dubai South · 4th floor · completed 2020

407, MAG 510

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

Unit 407 · DLD and Ejari recordsUpdated 21 September 2025
Last soldAED 359K23 September 2019
Current rentAED 37K /yr21 September 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 407, MAG 510

What is 407 worth today?

Last sold for AED 359,450 in 2019

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21 Sep 2025RentedRenewal
AED 37,000/yr12 months · AED 96 per sqft
21 Sep 2024RentedNew contract
AED 36,000/yr12 months · AED 93 per sqft
10 Sep 2023RentedRenewal
AED 25,000/yr12 months · AED 65 per sqft
10 Sep 2022RentedNew contract
AED 22,000/yr12 months · AED 57 per sqft
5 Sep 2021RentedNew contract
AED 18,000/yr12 months · AED 47 per sqft
23 Sep 2019Sold by developerOff-plan
AED 359,450AED 928 per sqft

Source: Dubai Land Department. Updated 21 September 2025.

Key facts

Type
Studio apartment
Size
387 sqft
Floor
4th of 6
Parking
G-73
Developer
MAG
Completed
2020
Service charge
AED 7,000 /yr
Last sold
AED 359K · September 2019
Building
MAG 510

About 407, MAG 510

407 is a studio of 387 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 23 September 2019 for AED 359,450, or AED 928 per sqft, 8% below the AED 1,012 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, renewed on 21 September 2025, is AED 37,000 a year: a gross yield of 10.3% on the 2019 price, before the service charge of about AED 7,000 a year.

Sales and rents for 407 over time

Sales
Unit 407, 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 2019: AED 359,450 (AED 928 per sqft)

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

Rents
Unit 407, 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, September 2021: AED 18,000 a yearNew contract, September 2022: AED 22,000 a yearRenewal, September 2023: AED 25,000 a yearNew contract, September 2024: AED 36,000 a yearRenewal, September 2025: AED 37,000 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 407 sits

All 60 studios →

407 last sold in September 2019 at AED 928 per sqft, 8% below what studios in MAG 510 were fetching at the time (AED 1,012). 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. 407's AED 37,000 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
403StudioAED 350K · Mar 2024
4041-bedAED 341K · Sep 2021
4052-bedAED 500K · Jul 2019
4061-bedAED 575K · May 2026
408StudioAED 255K · May 2022
1–7 of 21

407, MAG 510 in numbers

  • Sold once: by MAG on 23 September 2019 for AED 359,450, or AED 928 per sqft.
  • Rented since September 2021 on 5 Ejari contracts, from AED 18,000 to AED 37,000 a year.
  • At AED 37,000 a year the gross yield on the 2019 price is 10.3%, before a service charge of about AED 7,000 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 21 September 2025.

Questions about 407, MAG 510

What did unit 407 last sell for?

AED 359,450 on 23 September 2019, sold by the developer: AED 928 per sqft for 387 sqft. It is the only registered sale of the unit.

What is the rent for unit 407?

AED 37,000 a year on the contract renewed on 21 September 2025. The previous contract, from September 2024, was AED 36,000; the unit has been rented since September 2021.

How big is unit 407?

387 sqft (36.0 sqm): a studio on the 4th floor of a 6-storey tower completed in 2020.

What is unit 407 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 407, MAG 510

Starts from the last sale price (AED 359K, 23 September 2019). Switch to today's estimate once you have unlocked it.
Price
AED 359,450
Deposit, UAE resident (20%)
AED 71,890
Deposit, non-resident (40%)
AED 143,780
Monthly over 25 years at 3.7%
AED 1,471

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