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Studio · 347 sqftMAG 510, Dubai South · 4th floor · completed 2020

408, MAG 510

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

Unit 408 · DLD and Ejari recordsUpdated 15 December 2023
Last soldAED 255K11 May 2022
Current rentAED 18K /yr15 December 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 408, MAG 510

What is 408 worth today?

Last sold for AED 255,000 in 2022

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15 Dec 2023RentedRenewal
AED 18,000/yr12 months · AED 52 per sqft
15 Dec 2022RentedNew contract
AED 18,000/yr12 months · AED 52 per sqft
11 May 2022SoldReady
AED 255,000AED 734 per sqft
10 Jun 2019Sold by developerOff-plan
AED 369,000AED 1,062 per sqft

Source: Dubai Land Department. Updated 15 December 2023.

Key facts

Type
Studio apartment
Size
347 sqft
Floor
4th of 6
Parking
G-74
Developer
MAG
Completed
2020
Service charge
AED 6,300 /yr
Last sold
AED 255K · May 2022
Building
MAG 510

About 408, MAG 510

408 is a studio of 347 sqft on the 4th floor of MAG 510, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 11 May 2022 for AED 255,000, or AED 734 per sqft, in line with the AED 724 studios in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, renewed on 15 December 2023, is AED 18,000 a year: a gross yield of 7.1% on the 2022 price, before the service charge of about AED 6,300 a year.

Sales and rents for 408 over time

Sales
Unit 408, 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, June 2019: AED 369,000 (AED 1,062 per sqft)Sold, May 2022: AED 255,000 (AED 734 per sqft)

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

Rents
Unit 408, 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, December 2022: AED 18,000 a yearRenewal, December 2023: AED 18,000 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 408 sits

All 60 studios →

408 last sold in May 2022 at AED 734 per sqft, in line with what studios in MAG 510 were fetching at the time (AED 724). 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. 408's AED 18,000 is at the bottom 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
407StudioAED 359K · Sep 2019
1–7 of 21

408, MAG 510 in numbers

  • Sold twice: first on 10 June 2019 for AED 369,000, last on 11 May 2022 for AED 255,000 (AED 734 per sqft).
  • Rented since December 2022 on 2 Ejari contracts, at AED 18,000 a year.
  • At AED 18,000 a year the gross yield on the 2022 price is 7.1%, 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 15 December 2023.

Questions about 408, MAG 510

What did unit 408 last sell for?

AED 255,000 on 11 May 2022: AED 734 per sqft for 347 sqft. The unit has 2 registered sales; the first was AED 369,000 in June 2019.

What is the rent for unit 408?

AED 18,000 a year on the contract renewed on 15 December 2023. The previous contract, from December 2022, was AED 18,000.

How big is unit 408?

347 sqft (32.2 sqm): a studio on the 4th floor of a 6-storey tower completed in 2020.

What is unit 408 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 408, MAG 510

Starts from the last sale price (AED 255K, 11 May 2022). Switch to today's estimate once you have unlocked it.
Price
AED 255,000
Deposit, UAE resident (20%)
AED 51,000
Deposit, non-resident (40%)
AED 102,000
Monthly over 25 years at 3.7%
AED 1,043

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