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Studio · 437 sqftMAG 510, Dubai South · 5th floor · completed 2020

517, MAG 510

Sold prices and rental history: sold once, by the developer in September 2018, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 517 · DLD and Ejari recordsUpdated 1 September 2025
Last soldAED 396K6 September 2018
Current rentAED 25K /yr1 September 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 517, MAG 510

What is 517 worth today?

Last sold for AED 396,000 in 2018

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1 Sep 2025RentedRenewal
AED 25,000/yr12 months · AED 58 per sqft
1 Sep 2023RentedNew contract
AED 20,000/yr24 months · AED 46 per sqft
20 Aug 2022RentedNew contract
AED 18,000/yr12 months · AED 41 per sqft
1 Nov 2020RentedNew contract
AED 18,000/yr12 months · AED 41 per sqft
6 Sep 2018Sold by developerOff-plan
AED 396,000AED 906 per sqft

Source: Dubai Land Department. Updated 1 September 2025.

Key facts

Type
Studio apartment
Size
437 sqft
Floor
5th of 6
Parking
G-105
Developer
MAG
Completed
2020
Service charge
AED 8,000 /yr
Last sold
AED 396K · September 2018
Building
MAG 510

About 517, MAG 510

517 is a studio of 437 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 396,000, or AED 906 per sqft, 9% below the AED 996 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, renewed on 1 September 2025, is AED 25,000 a year: a gross yield of 6.3% on the 2018 price, before the service charge of about AED 8,000 a year.

Sales and rents for 517 over time

Sales
Unit 517, 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 396,000 (AED 906 per sqft)

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

Rents
Unit 517, 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, November 2020: AED 18,000 a yearNew contract, August 2022: AED 18,000 a yearNew contract, September 2023: AED 20,000 a yearRenewal, September 2025: AED 25,000 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 517 sits

All 60 studios →

517 last sold in September 2018 at AED 906 per sqft, 9% below 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. 517's AED 25,000 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
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

517, MAG 510 in numbers

  • Sold once: by MAG on 6 September 2018 for AED 396,000, or AED 906 per sqft.
  • Rented since November 2020 on 4 Ejari contracts, from AED 18,000 to AED 25,000 a year.
  • At AED 25,000 a year the gross yield on the 2018 price is 6.3%, before a service charge of about AED 8,000 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 1 September 2025.

Questions about 517, MAG 510

What did unit 517 last sell for?

AED 396,000 on 6 September 2018, sold by the developer: AED 906 per sqft for 437 sqft. It is the only registered sale of the unit.

What is the rent for unit 517?

AED 25,000 a year on the contract renewed on 1 September 2025. The previous contract, from September 2023, was AED 20,000; the unit has been rented since November 2020.

How big is unit 517?

437 sqft (40.6 sqm): a studio on the 5th floor of a 6-storey tower completed in 2020.

What is unit 517 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 517, MAG 510

Starts from the last sale price (AED 396K, 6 September 2018). Switch to today's estimate once you have unlocked it.
Price
AED 396,000
Deposit, UAE resident (20%)
AED 79,200
Deposit, non-resident (40%)
AED 158,400
Monthly over 25 years at 3.7%
AED 1,620

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