Unit 408, MAG 510: what it sold for and what it is worth now

Unit 408 at MAG 510 is a studio of 347 sq ft. It last sold for AED 255,000 on 11 May 2022. At AED 1,244 per sq ft, from 4 sales in the building in the last 12 months (studio), it is worth about AED 432,000 today.

Value todayAED 432,000AED 419,000 to AED 436,000
Last saleAED 255,00011 May 2022 · Resale
Change since last sale+69.4%Building trend alone: AED 443,878
Rent (median asking, studio)AED 38,950Gross yield 9.0%
Bedroomsstudio
Size347 sq ft
Floor4 (from the unit number)
Position in the towerStack 08: units ending 08 share the same layout and view
BuildingMAG 510 by MAG Property Development, handed over 2019
Registered sales of this unit1

Every registered sale of unit 408

DatePriceSizeAED/sq ftType
11 May 2022AED 255,000347 sq ft735Resale

Units ending 08 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
6085 Sep 2026AED 440,000349 sq ft1,261Resale

Latest studio sales in MAG 510

UnitDatePriceSizeAED/sq ftType
6085 Sep 2026AED 440,000349 sq ft1,261Resale
2024 Feb 2026AED 485,000387 sq ft1,253Resale
30712 Jan 2026AED 478,000387 sq ft1,235Resale
51623 Sep 2025AED 460,000410 sq ft1,122Resale
1031 Sep 2025AED 407,000365 sq ft1,115Resale
41614 Jul 2025AED 460,000410 sq ft1,122Resale
6167 May 2025AED 420,000410 sq ft1,024Resale
11720 Mar 2025AED 475,000437 sq ft1,087Resale

How we worked out the value

We took the 4 sales in MAG 510 in the last 12 months (studio), worked out the price per sq ft of each, and used the middle value (AED 1,244). We multiplied it by the size of this unit (347 sq ft). The range uses the middle half of those sales (AED 1,207 to AED 1,255 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 443,878. Floor, view, condition and upgrades can move the price either way. Sales data to 10 Sep 2026, from the Dubai Land Department register.

Questions

What is unit 408 at MAG 510 worth?

About AED 432,000 (range AED 419,000 to AED 436,000), based on AED 1,244 per sq ft from registered sales up to 10 Sep 2026.

When did unit 408 last sell?

11 May 2022, for AED 255,000 (resale). It has 1 registered sale.

What rent can unit 408 make?

A studio in MAG 510 rents for about AED 38,950 a year (median asking rent). That is a gross yield of 9.0% on the estimate.

Sales alert for MAG 510All sales in MAG 510

Unit 406 · Unit 409