Home
Dubai prices
About
Research
Studio · 349 sqftMAG 510, Dubai South · 6th floor · completed 2020

608, MAG 510

Sold prices and rental history: sold once, by the developer in February 2018, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 608 · DLD and Ejari recordsUpdated 20 July 2024
Last soldAED 367K12 February 2018
Current rentAED 32K /yr20 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 608

Property timeline for 608, MAG 510

What is 608 worth today?

Last sold for AED 366,500 in 2018

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

20 Jul 2024RentedNew contract
AED 32,000/yr12 months · AED 93 per sqft
10 Jul 2023RentedRenewal
AED 18,000/yr12 months · AED 52 per sqft
10 Jul 2022RentedNew contract
AED 18,000/yr12 months · AED 52 per sqft
1 Oct 2020RentedNew contract
AED 19,000/yr12 months · AED 54 per sqft
12 Feb 2018Sold by developerOff-plan
AED 366,500AED 1,050 per sqft

Source: Dubai Land Department. Updated 20 July 2024.

Key facts

Type
Studio apartment
Size
349 sqft
Floor
6th of 6
Parking
G-118
Developer
MAG
Completed
2020
Service charge
AED 6,400 /yr
Last sold
AED 367K · February 2018
Building
MAG 510

About 608, MAG 510

608 is a studio of 349 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 12 February 2018 for AED 366,500, or AED 1,050 per sqft, in line with the AED 1,027 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, signed on 20 July 2024, is AED 32,000 a year: a gross yield of 8.7% on the 2018 price, before the service charge of about AED 6,400 a year.

Sales and rents for 608 over time

Sales
Unit 608, 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, February 2018: AED 366,500 (AED 1,050 per sqft)

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

Rents
Unit 608, 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, October 2020: AED 19,000 a yearNew contract, July 2022: AED 18,000 a yearRenewal, July 2023: AED 18,000 a yearNew contract, July 2024: AED 32,000 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 608 sits

All 58 studios →

608 last sold in February 2018 at AED 1,050 per sqft, in line with what studios in MAG 510 were fetching at the time (AED 1,027). 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. 608's AED 32,000 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 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

608, MAG 510 in numbers

  • Sold once: by MAG on 12 February 2018 for AED 366,500, or AED 1,050 per sqft.
  • Rented since October 2020 on 4 Ejari contracts, from AED 19,000 to AED 32,000 a year.
  • At AED 32,000 a year the gross yield on the 2018 price is 8.7%, before a service charge of about AED 6,400 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 20 July 2024.

Questions about 608, MAG 510

What did unit 608 last sell for?

AED 366,500 on 12 February 2018, sold by the developer: AED 1,050 per sqft for 349 sqft. It is the only registered sale of the unit.

What is the rent for unit 608?

AED 32,000 a year on the contract signed on 20 July 2024. The previous contract, from July 2023, was AED 18,000; the unit has been rented since October 2020.

How big is unit 608?

349 sqft (32.4 sqm): a studio on the 6th floor of a 6-storey tower completed in 2020.

What is unit 608 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.

Selling 608? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 608, MAG 510

Starts from the last sale price (AED 367K, 12 February 2018). Switch to today's estimate once you have unlocked it.
Price
AED 366,500
Deposit, UAE resident (20%)
AED 73,300
Deposit, non-resident (40%)
AED 146,600
Monthly over 25 years at 3.7%
AED 1,499

Plus AED 18,303 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →