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1-bed · 483 sqftMAG 510, Dubai South · 4th floor · completed 2020

406, MAG 510

Sold prices and rental history: sold twice, last in January 2024, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 406 · DLD and Ejari recordsUpdated 30 January 2024
Last soldAED 390K30 January 2024
Current rentAED 27K /yr18 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 406, MAG 510

What is 406 worth today?

Last sold for AED 390,000 in 2024

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30 Jan 2024SoldReady
AED 390,000AED 807 per sqft
18 Nov 2023RentedRenewal
AED 27,000/yr12 months · AED 56 per sqft
1 Mar 2023RentedNew contract
AED 27,148/yr9 months · AED 56 per sqft
1 Mar 2022RentedNew contract
AED 27,000/yr12 months · AED 56 per sqft
2 Apr 2020Sold by developerReady
AED 430,000AED 890 per sqft

Source: Dubai Land Department. Updated 30 January 2024.

Key facts

Type
1-bed apartment
Size
483 sqft
Floor
4th of 6
Parking
G-33
Developer
MAG
Completed
2020
Service charge
AED 8,800 /yr
Last sold
AED 390K · January 2024
Building
MAG 510

About 406, MAG 510

406 is a one-bedroom apartment of 483 sqft on the 4th floor of MAG 510, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 30 January 2024 for AED 390,000, or AED 807 per sqft, 4% below the AED 838 one-beds in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 18 November 2023, is AED 27,000 a year: a gross yield of 6.9% on the 2024 price, before the service charge of about AED 8,800 a year.

Sales and rents for 406 over time

Sales
Unit 406, 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, April 2020: AED 430,000 (AED 890 per sqft)Sold, January 2024: AED 390,000 (AED 807 per sqft)

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

Rents
Unit 406, 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, March 2022: AED 27,000 a yearNew contract, March 2023: AED 27,148 a yearRenewal, November 2023: AED 27,000 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 406 sits

All 59 1-beds →

406 last sold in January 2024 at AED 807 per sqft, 4% below what one-beds in MAG 510 were fetching at the time (AED 838). 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. 406's AED 27,000 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
4041-bedAED 341K · Sep 2021
4052-bedAED 500K · Jul 2019
407StudioAED 359K · Sep 2019
408StudioAED 255K · May 2022
1–7 of 21

406, MAG 510 in numbers

  • Sold twice: first on 2 April 2020 for AED 430,000, last on 30 January 2024 for AED 390,000 (AED 807 per sqft).
  • Rented since March 2022 on 3 Ejari contracts, at AED 27,000 a year.
  • At AED 27,000 a year the gross yield on the 2024 price is 6.9%, before a service charge of about AED 8,800 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 30 January 2024.

Questions about 406, MAG 510

What did unit 406 last sell for?

AED 390,000 on 30 January 2024: AED 807 per sqft for 483 sqft. The unit has 2 registered sales; the first was AED 430,000 in April 2020.

What is the rent for unit 406?

AED 27,000 a year on the contract renewed on 18 November 2023. The previous contract, from March 2023, was AED 27,148; the unit has been rented since March 2022.

How big is unit 406?

483 sqft (44.9 sqm): a one-bedroom apartment on the 4th floor of a 6-storey tower completed in 2020.

What is unit 406 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 406, MAG 510

Starts from the last sale price (AED 390K, 30 January 2024). Switch to today's estimate once you have unlocked it.
Price
AED 390,000
Deposit, UAE resident (20%)
AED 78,000
Deposit, non-resident (40%)
AED 156,000
Monthly over 25 years at 3.7%
AED 1,596

Plus AED 19,290 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →