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Studio · 389 sqftMAG 510, Dubai South · 5th floor · completed 2020

502, MAG 510

Sold prices and rental history: sold once, by the developer in September 2018, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 502 · DLD and Ejari recordsUpdated 5 October 2026
Last soldAED 386K6 September 2018
Current rentAED 34K /yr5 October 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 502, MAG 510

What is 502 worth today?

Last sold for AED 386,000 in 2018

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5 Oct 2026RentedRenewal
AED 34,000/yr12 months · AED 88 per sqft
5 Oct 2025RentedRenewal
AED 33,500/yr12 months · AED 86 per sqft
5 Oct 2024RentedNew contract
AED 31,000/yr12 months · AED 80 per sqft
15 Sep 2023RentedRenewal
AED 22,000/yr12 months · AED 57 per sqft
15 Sep 2022RentedNew contract
AED 19,000/yr12 months · AED 49 per sqft
6 Sep 2018Sold by developerOff-plan
AED 386,000AED 991 per sqft

Source: Dubai Land Department. Updated 5 October 2026.

Key facts

Type
Studio apartment
Size
389 sqft
Floor
5th of 6
Parking
G-90
Developer
MAG
Completed
2020
Service charge
AED 7,100 /yr
Last sold
AED 386K · September 2018
Building
MAG 510

About 502, MAG 510

502 is a studio of 389 sqft on the 5th floor of MAG 510, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 6 September 2018 for AED 386,000, or AED 991 per sqft, in line with the AED 996 studios in the building were fetching at the time.

It has been rented continuously since 2022 on 5 Ejari contracts. The current contract, renewed on 5 October 2026, is AED 34,000 a year: a gross yield of 8.8% on the 2018 price, before the service charge of about AED 7,100 a year.

Sales and rents for 502 over time

Sales
Unit 502, 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 2018: AED 386,000 (AED 991 per sqft)

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

Rents
Unit 502, 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 2022: AED 19,000 a yearRenewal, September 2023: AED 22,000 a yearNew contract, October 2024: AED 31,000 a yearRenewal, October 2025: AED 33,500 a yearRenewal, October 2026: AED 34,000 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 502 sits

All 60 studios →

502 last sold in September 2018 at AED 991 per sqft, in line with what studios in MAG 510 were fetching at the time (AED 996). 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. 502's AED 34,000 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 5th floor

All 132 units in MAG 510
Value
5011-bedAED 550K · Aug 2024
503StudioAED 384K · Oct 2017
5041-bedAED 470K · May 2018
5052-bedAED 630K · Mar 2024
5061-bedAED 570K · Dec 2025
507StudioAED 386K · Sep 2018
508StudioAED 365K · Feb 2019
1–7 of 21

502, MAG 510 in numbers

  • Sold once: by MAG on 6 September 2018 for AED 386,000, or AED 991 per sqft.
  • Rented since September 2022 on 5 Ejari contracts, from AED 19,000 to AED 34,000 a year.
  • At AED 34,000 a year the gross yield on the 2018 price is 8.8%, before a service charge of about AED 7,100 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 5 October 2026.

Questions about 502, MAG 510

What did unit 502 last sell for?

AED 386,000 on 6 September 2018, sold by the developer: AED 991 per sqft for 389 sqft. It is the only registered sale of the unit.

What is the rent for unit 502?

AED 34,000 a year on the contract renewed on 5 October 2026. The previous contract, from October 2025, was AED 33,500; the unit has been rented since September 2022.

How big is unit 502?

389 sqft (36.1 sqm): a studio on the 5th floor of a 6-storey tower completed in 2020.

What is unit 502 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 502, MAG 510

Starts from the last sale price (AED 386K, 6 September 2018). Switch to today's estimate once you have unlocked it.
Price
AED 386,000
Deposit, UAE resident (20%)
AED 77,200
Deposit, non-resident (40%)
AED 154,400
Monthly over 25 years at 3.7%
AED 1,579

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