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Studio · 437 sqftMAG 510, Dubai South · 2nd floor · completed 2020

217, 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 217 · DLD and Ejari recordsUpdated 22 August 2024
Last soldAED 436K17 September 2018
Current rentAED 37K /yr22 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 217, MAG 510

What is 217 worth today?

Last sold for AED 435,830 in 2018

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22 Aug 2024RentedNew contract
AED 37,000/yr12 months · AED 84 per sqft
20 Jan 2023RentedNew contract
AED 23,000/yr12 months · AED 52 per sqft
1 Mar 2022RentedNew contract
AED 19,000/yr12 months · AED 43 per sqft
18 Jan 2022RentedNew contract
AED 18,000/yr12 months · AED 41 per sqft
17 Sep 2018Sold by developerOff-plan
AED 435,830AED 997 per sqft

Source: Dubai Land Department. Updated 22 August 2024.

Key facts

Type
Studio apartment
Size
437 sqft
Floor
2nd of 6
Parking
G-39
Developer
MAG
Completed
2020
Service charge
AED 8,000 /yr
Last sold
AED 436K · September 2018
Building
MAG 510

About 217, MAG 510

217 is a studio of 437 sqft on the 2nd floor of MAG 510, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 17 September 2018 for AED 435,830, or AED 997 per sqft, in line with the AED 995 studios in the building were fetching at the time.

It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, signed on 22 August 2024, is AED 37,000 a year: a gross yield of 8.5% on the 2018 price, before the service charge of about AED 8,000 a year.

Sales and rents for 217 over time

Sales
Unit 217, each saleTypical studio in MAG 510
300K400K2017202020232026Typical sale price by year: 2017 AED 384,250; 2018 AED 378,625; 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 460,000Sold by developer, September 2018: AED 435,830 (AED 997 per sqft)

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

Rents
Unit 217, each contractTypical studio in MAG 510
20K40K2020202220242026Typical rent by year: 2020 AED 18,000; 2021 AED 18,000; 2022 AED 19,473; 2023 AED 23,500; 2024 AED 33,909; 2025 AED 38,000; 2026 AED 43,000New contract, January 2022: AED 18,000 a yearNew contract, March 2022: AED 19,000 a yearNew contract, January 2023: AED 23,000 a yearNew contract, August 2024: AED 37,000 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 217 sits

All 58 studios →

217 last sold in September 2018 at AED 997 per sqft, in line with what studios in MAG 510 were fetching at the time (AED 995). Over the last 12 months studios sold for AED 478,000 to 485,000, around AED 1,244 per sqft, and rent for AED 31,500 to 54,000 a year. 217's AED 37,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
4 Feb 2026485,000
12 Jan 2026478,000
14 Jul 2025460,000
7 May 2025420,000
2 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. 3 sold in the last 12 months.

Typical price per sqft
AED 1,235
Typical sale
AED 485K
Typical rent
AED 44K /yr
Typical yield
8.7%
MAG 510, Dubai South: prices, sales and rents →

Other units on the 2nd floor

All 132 units in MAG 510
Value
2011-bedAED 505K · Oct 2018
202StudioAED 485K · Feb 2026
203StudioAED 400K · May 2024
2041-bedAED 425K · May 2018
2052-bedAED 497K · May 2019
2061-bedAED 450K · Jul 2024
207StudioAED 475K · Mar 2025
1–7 of 21

217, MAG 510 in numbers

  • Sold once: by MAG on 17 September 2018 for AED 435,830, or AED 997 per sqft.
  • Rented since January 2022 on 4 Ejari contracts, from AED 18,000 to AED 37,000 a year.
  • At AED 37,000 a year the gross yield on the 2018 price is 8.5%, before a service charge of about AED 8,000 a year (AED 18.21 per sqft).
  • Studios in MAG 510 sold for AED 478,000–485,000 in the 12 months to November 2026; the building's median across all types is AED 1,235 per sqft.

Source: Dubai Land Department. Updated 22 August 2024.

Questions about 217, MAG 510

What did unit 217 last sell for?

AED 435,830 on 17 September 2018, sold by the developer: AED 997 per sqft for 437 sqft. It is the only registered sale of the unit.

What is the rent for unit 217?

AED 37,000 a year on the contract signed on 22 August 2024. The previous contract, from January 2023, was AED 23,000; the unit has been rented since January 2022.

How big is unit 217?

437 sqft (40.6 sqm): a studio on the 2nd floor of a 6-storey tower completed in 2020.

What is unit 217 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 478,000 to 485,000 in the last 12 months, around AED 1,244 per sqft.

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Mortgage on 217, MAG 510

Starts from the last sale price (AED 436K, 17 September 2018). Switch to today's estimate once you have unlocked it.
Price
AED 435,830
Deposit, UAE resident (20%)
AED 87,166
Deposit, non-resident (40%)
AED 174,332
Monthly over 25 years at 3.7%
AED 1,783

Plus AED 21,215 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →