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2-bed · 666 sqftMAG 515, Dubai South · 5th floor · completed 2020

510, MAG 515

Sold prices and rental history: sold 3 times, last in January 2025, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 510 · DLD and Ejari recordsUpdated 1 February 2025
Last soldAED 667K29 January 2025
Current rentAED 60K /yr1 February 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 510, MAG 515

What is 510 worth today?

Last sold for AED 667,000 in 2025

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1 Feb 2025RentedNew contract
AED 60,000/yr12 months · AED 90 per sqft
29 Jan 2025SoldReady
AED 667,000AED 1,001 per sqft
20 Dec 2023RentedNew contract
AED 33,000/yr12 months · AED 50 per sqft
21 Nov 2023SoldReady
AED 608,000AED 913 per sqft
21 Nov 2020RentedNew contract
AED 30,000/yr13 months · AED 45 per sqft
10 Dec 2018Sold by developerOff-plan
AED 608,000AED 913 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 February 2025.

Key facts

Type
2-bed apartment
Size
666 sqft
Floor
5th of 6
Parking
G-101
Developer
MAG
Completed
2020
Service charge
AED 11,400 /yr
Last sold
AED 667K · January 2025
Building
MAG 515

About 510, MAG 515

510 is a two-bedroom apartment of 666 sqft on the 5th floor of MAG 515, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 29 January 2025 for AED 667,000, or AED 1,001 per sqft, 12% above the AED 896 two-beds in the building were fetching at the time.

It has been rented since 2020 on 3 Ejari contracts. The current contract, signed on 1 February 2025, is AED 60,000 a year: a gross yield of 9.0% on the 2025 price, before the service charge of about AED 11,400 a year.

Sales and rents for 510 over time

Sales
Unit 510, each saleTypical two-bed in MAG 515
600K650K201720202023Typical sale price by year: 2017 AED 620,000; 2018 AED 594,000Sold by developer, December 2018: AED 608,000 (AED 913 per sqft)Sold, November 2023: AED 608,000 (AED 913 per sqft)Sold, January 2025: AED 667,000 (AED 1,001 per sqft)

510 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 510, each contractTypical two-bed in MAG 515
40K60K2020202220242026Typical rent by year: 2020 AED 33,000; 2021 AED 33,000; 2022 AED 31,500; 2023 AED 40,000; 2024 AED 55,000; 2025 AED 60,000New contract, November 2020: AED 30,000 a yearNew contract, December 2023: AED 33,000 a yearNew contract, February 2025: AED 60,000 a year

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

2-beds in MAG 515, and where 510 sits

All 12 2-beds →

510 last sold in January 2025 at AED 1,001 per sqft, 12% above what two-beds in MAG 515 were fetching at the time (AED 896).

Recent 2-bed salesUnit no.Price (AED)Summary
24 May 2024600,000
12 Feb 2024486,600
31 Jul 2023475,000
28 Dec 2022227,668
0 2-bed sales in the last 12 months

MAG 515

Building

132 apartments, studios to 2-bed over 6 floors in Dubai South, completed in 2020 by MAG. 1 sold in the last 12 months.

Typical price per sqft
AED 67
Typical sale
AED 32K
Typical rent
AED 43K /yr
Typical yield
144.0%
MAG 515, Dubai South: prices, sales and rents →

Other units on the 5th floor

All 132 units in MAG 515
Value
5011-bedAED 550K · Mar 2018
502StudioAED 250K · Sep 2020
503StudioAED 350K · May 2019
5041-bedAED 499K · Nov 2023
5052-bedAED 638K · May 2018
5061-bedAED 490K · Jan 2025
507StudioAED 365K · Mar 2018
1–7 of 21

510, MAG 515 in numbers

  • Sold 3 times: first on 10 December 2018 for AED 608,000, last on 29 January 2025 for AED 667,000 (AED 1,001 per sqft).
  • Rented since November 2020 on 3 Ejari contracts, from AED 30,000 to AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2025 price is 9.0%, before a service charge of about AED 11,400 a year (AED 17.07 per sqft).

Source: YallaValue analysis of Dubai Land Department records. Updated 1 February 2025.

Questions about 510, MAG 515

What did unit 510 last sell for?

AED 667,000 on 29 January 2025: AED 1,001 per sqft for 666 sqft. The unit has 3 registered sales; the first was AED 608,000 in December 2018.

What is the rent for unit 510?

AED 60,000 a year on the contract signed on 1 February 2025. The previous contract, from December 2023, was AED 33,000; the unit has been rented since November 2020.

How big is unit 510?

666 sqft (61.9 sqm): a two-bedroom apartment on the 5th floor of a 6-storey tower completed in 2020.

What is unit 510 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 510, MAG 515

Starts from the last sale price (AED 667K, 29 January 2025). Switch to today's estimate once you have unlocked it.
Price
AED 667,000
Deposit, UAE resident (20%)
AED 133,400
Deposit, non-resident (40%)
AED 266,800
Monthly over 25 years at 3.7%
AED 2,729

Plus AED 33,024 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →