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Studio · 410 sqftMAG 510, Dubai South · 4th floor · completed 2020

415, MAG 510

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

Unit 415 · DLD and Ejari recordsUpdated 1 April 2023
Last soldAED 380K30 July 2019
Current rentAED 24K /yr1 April 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 415, MAG 510

What is 415 worth today?

Last sold for AED 380,000 in 2019

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1 Apr 2023RentedNew contract
AED 24,000/yr12 months · AED 59 per sqft
21 Mar 2022RentedRenewal
AED 18,000/yr12 months · AED 44 per sqft
21 Mar 2021RentedNew contract
AED 17,000/yr12 months · AED 42 per sqft
30 Jul 2019Sold by developerOff-plan
AED 380,000AED 927 per sqft

Source: Dubai Land Department. Updated 1 April 2023.

Key facts

Type
Studio apartment
Size
410 sqft
Floor
4th of 6
Parking
G-81
Developer
MAG
Completed
2020
Service charge
AED 7,500 /yr
Last sold
AED 380K · July 2019
Building
MAG 510

About 415, MAG 510

415 is a studio of 410 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 30 July 2019 for AED 380,000, or AED 927 per sqft, 8% below the AED 1,005 studios in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, signed on 1 April 2023, is AED 24,000 a year: a gross yield of 6.3% on the 2019 price, before the service charge of about AED 7,500 a year.

Sales and rents for 415 over time

Sales
Unit 415, 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, July 2019: AED 380,000 (AED 927 per sqft)

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

Rents
Unit 415, 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, March 2021: AED 17,000 a yearRenewal, March 2022: AED 18,000 a yearNew contract, April 2023: AED 24,000 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 415 sits

All 60 studios →

415 last sold in July 2019 at AED 927 per sqft, 8% below what studios in MAG 510 were fetching at the time (AED 1,005). 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. 415's AED 24,000 is in the lower 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
407StudioAED 359K · Sep 2019
1–7 of 21

415, MAG 510 in numbers

  • Sold once: by MAG on 30 July 2019 for AED 380,000, or AED 927 per sqft.
  • Rented since March 2021 on 3 Ejari contracts, from AED 17,000 to AED 24,000 a year.
  • At AED 24,000 a year the gross yield on the 2019 price is 6.3%, 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 1 April 2023.

Questions about 415, MAG 510

What did unit 415 last sell for?

AED 380,000 on 30 July 2019, sold by the developer: AED 927 per sqft for 410 sqft. It is the only registered sale of the unit.

What is the rent for unit 415?

AED 24,000 a year on the contract signed on 1 April 2023. The previous contract, from March 2022, was AED 18,000; the unit has been rented since March 2021.

How big is unit 415?

410 sqft (38.1 sqm): a studio on the 4th floor of a 6-storey tower completed in 2020.

What is unit 415 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 415, MAG 510

Starts from the last sale price (AED 380K, 30 July 2019). Switch to today's estimate once you have unlocked it.
Price
AED 380,000
Deposit, UAE resident (20%)
AED 76,000
Deposit, non-resident (40%)
AED 152,000
Monthly over 25 years at 3.7%
AED 1,555

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