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1-bed · 657 sqftMAG 510, Dubai South · 6th floor · completed 2020

612, MAG 510

Sold prices and rental history: sold once, by the developer in May 2018, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 612 · DLD and Ejari recordsUpdated 8 January 2023
Last soldAED 559K21 May 2018
Current rentAED 35K /yr8 January 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 612, MAG 510

What is 612 worth today?

Last sold for AED 558,693 in 2018

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8 Jan 2023RentedNew contract
AED 35,000/yr12 months · AED 53 per sqft
1 Jun 2021RentedNew contract
AED 29,917/yr12 months · AED 46 per sqft
21 May 2018Sold by developerOff-plan
AED 558,693AED 850 per sqft

Source: Dubai Land Department. Updated 8 January 2023.

Key facts

Type
1-bed apartment
Size
657 sqft
Floor
6th of 6
Parking
G-122
Developer
MAG
Completed
2020
Service charge
AED 12,000 /yr
Last sold
AED 559K · May 2018
Building
MAG 510

About 612, MAG 510

612 is a one-bedroom apartment of 657 sqft on the 6th floor of MAG 510, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 21 May 2018 for AED 558,693, or AED 850 per sqft, 5% below the AED 891 one-beds in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, signed on 8 January 2023, is AED 35,000 a year: a gross yield of 6.3% on the 2018 price, before the service charge of about AED 12,000 a year.

Sales and rents for 612 over time

Sales
Unit 612, each saleTypical one-bed in MAG 510
400K600K20182020202220242026Typical sale price by year: 2018 AED 468,000; 2019 AED 480,000; 2020 AED 458,000; 2021 AED 431,466; 2022 AED 345,000; 2023 AED 521,976; 2024 AED 472,500; 2025 AED 623,500Sold by developer, May 2018: AED 558,693 (AED 850 per sqft)

612 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 612, each contractTypical one-bed in MAG 510
20K40K2020202220242026Typical rent by year: 2020 AED 24,000; 2021 AED 23,000; 2022 AED 26,000; 2023 AED 32,000; 2024 AED 42,500; 2025 AED 50,000; 2026 AED 50,000New contract, June 2021: AED 29,917 a yearNew contract, January 2023: AED 35,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in MAG 510, and where 612 sits

All 60 1-beds →

612 last sold in May 2018 at AED 850 per sqft, 5% below what one-beds in MAG 510 were fetching at the time (AED 891). Over the last 12 months one-beds sold for AED 570,000 to 575,000, around AED 1,185 per sqft, and rent for AED 40,000 to 72,000 a year. 612's AED 35,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
8 May 2026575,000
24 Dec 2025570,000
17 Oct 2025700,000
30 Sep 2025695,000
2 1-bed 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 6th floor

All 132 units in MAG 510
Value
6011-bedAED 505K · Oct 2018
602StudioAED 379K · Apr 2018
603StudioAED 384K · Nov 2017
6041-bedAED 420K · Dec 2017
6052-bedAED 638K · Mar 2019
6061-bedAED 435K · Feb 2020
607StudioAED 374K · May 2024
1–7 of 21

612, MAG 510 in numbers

  • Sold once: by MAG on 21 May 2018 for AED 558,693, or AED 850 per sqft.
  • Rented since June 2021 on 2 Ejari contracts, from AED 29,917 to AED 35,000 a year.
  • At AED 35,000 a year the gross yield on the 2018 price is 6.3%, before a service charge of about AED 12,000 a year (AED 18.21 per sqft).
  • One-beds in MAG 510 sold for AED 570,000–575,000 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 8 January 2023.

Questions about 612, MAG 510

What did unit 612 last sell for?

AED 558,693 on 21 May 2018, sold by the developer: AED 850 per sqft for 657 sqft. It is the only registered sale of the unit.

What is the rent for unit 612?

AED 35,000 a year on the contract signed on 8 January 2023. The previous contract, from June 2021, was AED 29,917.

How big is unit 612?

657 sqft (61.0 sqm): a one-bedroom apartment on the 6th floor of a 6-storey tower completed in 2020.

What is unit 612 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in MAG 510 sold for AED 570,000 to 575,000 in the last 12 months, around AED 1,185 per sqft.

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Mortgage on 612, MAG 510

Starts from the last sale price (AED 559K, 21 May 2018). Switch to today's estimate once you have unlocked it.
Price
AED 558,693
Deposit, UAE resident (20%)
AED 111,739
Deposit, non-resident (40%)
AED 223,477
Monthly over 25 years at 3.7%
AED 2,286

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