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1-bed · 478 sqftMAG 510, Dubai South · 4th floor · completed 2020

404, MAG 510

Sold prices and rental history: sold once, by the developer in September 2021, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 404 · DLD and Ejari recordsUpdated 20 November 2024
Last soldAED 341K27 September 2021
Current rentAED 43K /yr20 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 404, MAG 510

What is 404 worth today?

Last sold for AED 341,169 in 2021

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20 Nov 2024RentedNew contract
AED 43,000/yr12 months · AED 91 per sqft
5 Nov 2023RentedRenewal
AED 31,000/yr12 months · AED 65 per sqft
5 Nov 2022RentedNew contract
AED 28,000/yr12 months · AED 59 per sqft
1 Nov 2021RentedNew contract
AED 24,000/yr12 months · AED 51 per sqft
27 Sep 2021Sold by developerReady
AED 341,169AED 713 per sqft
3 Aug 2021RentedRenewal
AED 23,000/yr12 months · AED 48 per sqft
3 Aug 2020RentedNew contract
AED 23,000/yr12 months · AED 48 per sqft

Source: Dubai Land Department. Updated 20 November 2024.

Key facts

Type
1-bed apartment
Size
478 sqft
Floor
4th of 6
Parking
G-70
Developer
MAG
Completed
2020
Service charge
AED 8,700 /yr
Last sold
AED 341K · September 2021
Building
MAG 510

About 404, MAG 510

404 is a one-bedroom apartment of 478 sqft on the 4th floor of MAG 510, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 27 September 2021 for AED 341,169, or AED 713 per sqft, in line with the AED 709 one-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 6 Ejari contracts. The current contract, signed on 20 November 2024, is AED 43,000 a year: a gross yield of 12.6% on the 2021 price, before the service charge of about AED 8,700 a year.

Sales and rents for 404 over time

Sales
Unit 404, each saleTypical one-bed in MAG 510
400K600K20182020202220242026Typical sale price by year: 2018 AED 468,000; 2019 AED 480,000; 2020 AED 448,000; 2021 AED 431,466; 2022 AED 345,000; 2023 AED 521,976; 2024 AED 472,500; 2025 AED 596,000Sold by developer, September 2021: AED 341,169 (AED 713 per sqft)

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

Rents
Unit 404, 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 31,000; 2024 AED 42,000; 2025 AED 50,000New contract, August 2020: AED 23,000 a yearRenewal, August 2021: AED 23,000 a yearNew contract, November 2021: AED 24,000 a yearNew contract, November 2022: AED 28,000 a yearRenewal, November 2023: AED 31,000 a yearNew contract, November 2024: AED 43,000 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 404 sits

All 59 1-beds →

404 last sold in September 2021 at AED 713 per sqft, in line with what one-beds in MAG 510 were fetching at the time (AED 709). Over the last 12 months one-beds sold for AED 570,000, around AED 1,180 per sqft, and rent for AED 44,100 to 55,000 a year. 404's AED 43,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
24 Dec 2025570,000
17 Oct 2025700,000
10 Jun 2025622,000
9 Jun 2025650,000
1 1-bed sale 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 4th floor

All 132 units in MAG 510
Value
4011-bedAED 625K · Jan 2025
402StudioAED 371K · Oct 2018
403StudioAED 350K · Mar 2024
4052-bedAED 500K · Jul 2019
4061-bedAED 390K · Jan 2024
407StudioAED 359K · Sep 2019
408StudioAED 255K · May 2022
1–7 of 21

404, MAG 510 in numbers

  • Sold once: by MAG on 27 September 2021 for AED 341,169, or AED 713 per sqft.
  • Rented since August 2020 on 6 Ejari contracts, from AED 23,000 to AED 43,000 a year.
  • At AED 43,000 a year the gross yield on the 2021 price is 12.6%, before a service charge of about AED 8,700 a year (AED 18.21 per sqft).
  • One-beds in MAG 510 sold for AED 570,000–570,000 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 20 November 2024.

Questions about 404, MAG 510

What did unit 404 last sell for?

AED 341,169 on 27 September 2021, sold by the developer: AED 713 per sqft for 478 sqft. It is the only registered sale of the unit.

What is the rent for unit 404?

AED 43,000 a year on the contract signed on 20 November 2024. The previous contract, from November 2023, was AED 31,000; the unit has been rented since August 2020.

How big is unit 404?

478 sqft (44.4 sqm): a one-bedroom apartment on the 4th floor of a 6-storey tower completed in 2020.

What is unit 404 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 570,000 in the last 12 months, around AED 1,180 per sqft.

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Mortgage on 404, MAG 510

Starts from the last sale price (AED 341K, 27 September 2021). Switch to today's estimate once you have unlocked it.
Price
AED 341,169
Deposit, UAE resident (20%)
AED 68,234
Deposit, non-resident (40%)
AED 136,468
Monthly over 25 years at 3.7%
AED 1,396

Plus AED 17,239 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →