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Studio · 410 sqftMAG 510, Dubai South · 5th floor · completed 2020

516, MAG 510

Sold prices and rental history: sold twice, last in September 2025, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 516 · DLD and Ejari recordsUpdated 20 January 2026
Last soldAED 460K23 September 2025
Current rentAED 32K /yr20 January 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 516, MAG 510

What is 516 worth today?

Last sold for AED 460,000 in 2025

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20 Jan 2026RentedNew contract
AED 31,500/yr13 months · AED 77 per sqft
23 Sep 2025SoldReady
AED 460,000AED 1,121 per sqft
20 Jan 2025RentedNew contract
AED 30,000/yr12 months · AED 73 per sqft
20 Jan 2025RentedNew contract
AED 30,000/yr12 months · AED 73 per sqft
20 Jan 2022RentedRenewal
AED 18,000/yr12 months · AED 44 per sqft
20 Jan 2021RentedNew contract
AED 18,000/yr12 months · AED 44 per sqft
16 Aug 2018Sold by developerOff-plan
AED 450,000AED 1,096 per sqft

Source: Dubai Land Department. Updated 20 January 2026.

Key facts

Type
Studio apartment
Size
410 sqft
Floor
5th of 6
Parking
G-104
Developer
MAG
Completed
2020
Service charge
AED 7,500 /yr
Last sold
AED 460K · September 2025
Building
MAG 510

About 516, MAG 510

516 is a studio of 410 sqft on the 5th floor of MAG 510, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 23 September 2025 for AED 460,000, or AED 1,121 per sqft, in line with the AED 1,110 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, signed on 20 January 2026, is AED 31,500 a year: a gross yield of 6.9% on the 2025 price, before the service charge of about AED 7,500 a year.

Sales and rents for 516 over time

Sales
Unit 516, 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, August 2018: AED 450,000 (AED 1,096 per sqft)Sold, September 2025: AED 460,000 (AED 1,121 per sqft)

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

Rents
Unit 516, 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, January 2021: AED 18,000 a yearRenewal, January 2022: AED 18,000 a yearNew contract, January 2025: AED 30,000 a yearNew contract, January 2025: AED 30,000 a yearNew contract, January 2026: AED 31,500 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 516 sits

All 60 studios →

516 last sold in September 2025 at AED 1,121 per sqft, in line with what studios in MAG 510 were fetching at the time (AED 1,110). 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. 516's AED 31,500 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
1 Sep 2025407,000
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
502StudioAED 386K · Sep 2018
503StudioAED 384K · Oct 2017
5041-bedAED 470K · May 2018
5052-bedAED 630K · Mar 2024
5061-bedAED 570K · Dec 2025
507StudioAED 386K · Sep 2018
1–7 of 21

516, MAG 510 in numbers

  • Sold twice: first on 16 August 2018 for AED 450,000, last on 23 September 2025 for AED 460,000 (AED 1,121 per sqft).
  • Rented since January 2021 on 5 Ejari contracts, from AED 18,000 to AED 31,500 a year.
  • At AED 31,500 a year the gross yield on the 2025 price is 6.9%, 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 20 January 2026.

Questions about 516, MAG 510

What did unit 516 last sell for?

AED 460,000 on 23 September 2025: AED 1,121 per sqft for 410 sqft. The unit has 2 registered sales; the first was AED 450,000 in August 2018.

What is the rent for unit 516?

AED 31,500 a year on the contract signed on 20 January 2026. The previous contract, from January 2025, was AED 30,000; the unit has been rented since January 2021.

How big is unit 516?

410 sqft (38.1 sqm): a studio on the 5th floor of a 6-storey tower completed in 2020.

What is unit 516 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 516, MAG 510

Starts from the last sale price (AED 460K, 23 September 2025). Switch to today's estimate once you have unlocked it.
Price
AED 460,000
Deposit, UAE resident (20%)
AED 92,000
Deposit, non-resident (40%)
AED 184,000
Monthly over 25 years at 3.7%
AED 1,882

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