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

518, MAG 510

Sold prices and rental history: sold 3 times, last in May 2023, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 518 · DLD and Ejari recordsUpdated 9 May 2023
Last soldAED 325K9 May 2023
Current rentAED 22K /yr1 March 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 518, MAG 510

What is 518 worth today?

Last sold for AED 325,000 in 2023

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9 May 2023SoldReady
AED 325,000AED 743 per sqft
1 Mar 2022RentedNew contract
AED 22,000/yr12 months · AED 50 per sqft
14 Feb 2022SoldReady
AED 260,000AED 595 per sqft
14 Jan 2021RentedNew contract
AED 18,500/yr12 months · AED 42 per sqft
21 Jun 2018Sold by developerOff-plan
AED 435,000AED 995 per sqft

Source: Dubai Land Department. Updated 9 May 2023.

Key facts

Type
Studio apartment
Size
437 sqft
Floor
5th of 6
Parking
G-106
Developer
MAG
Completed
2020
Service charge
AED 8,000 /yr
Last sold
AED 325K · May 2023
Building
MAG 510

About 518, MAG 510

518 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. It last sold on 9 May 2023 for AED 325,000, or AED 743 per sqft, 4% above the AED 714 studios in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, signed on 1 March 2022, is AED 22,000 a year: a gross yield of 6.8% on the 2023 price, before the service charge of about AED 8,000 a year.

Sales and rents for 518 over time

Sales
Unit 518, 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 2018: AED 435,000 (AED 995 per sqft)Sold, February 2022: AED 260,000 (AED 595 per sqft)Sold, May 2023: AED 325,000 (AED 743 per sqft)

518 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 518, 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 18,500 a yearNew contract, March 2022: AED 22,000 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 518 sits

All 60 studios →

518 last sold in May 2023 at AED 743 per sqft, 4% above what studios in MAG 510 were fetching at the time (AED 714). 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. 518's AED 22,000 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

518, MAG 510 in numbers

  • Sold 3 times: first on 21 June 2018 for AED 435,000, last on 9 May 2023 for AED 325,000 (AED 743 per sqft).
  • Rented since January 2021 on 2 Ejari contracts, from AED 18,500 to AED 22,000 a year.
  • At AED 22,000 a year the gross yield on the 2023 price is 6.8%, 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 9 May 2023.

Questions about 518, MAG 510

What did unit 518 last sell for?

AED 325,000 on 9 May 2023: AED 743 per sqft for 437 sqft. The unit has 3 registered sales; the first was AED 435,000 in June 2018.

What is the rent for unit 518?

AED 22,000 a year on the contract signed on 1 March 2022. The previous contract, from January 2021, was AED 18,500.

How big is unit 518?

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

What is unit 518 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 518, MAG 510

Starts from the last sale price (AED 325K, 9 May 2023). Switch to today's estimate once you have unlocked it.
Price
AED 325,000
Deposit, UAE resident (20%)
AED 65,000
Deposit, non-resident (40%)
AED 130,000
Monthly over 25 years at 3.7%
AED 1,330

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