Unit 516, MAG 510: what it sold for and what it is worth now

Unit 516 at MAG 510 is a studio of 410 sq ft. It last sold for AED 460,000 on 23 Sep 2025. At AED 1,122 per sq ft, from 3 sales of units ending 16 (same position in the tower), it is worth about AED 460,000 today.

Value todayAED 460,000AED 440,000 to AED 460,000
Last saleAED 460,00023 Sep 2025 · Resale
Change since last sale+0.0%Building trend alone: AED 485,973
Rent (median asking, studio)AED 38,950Gross yield 8.5%
Bedroomsstudio
Size410 sq ft
Floor5 (from the unit number)
Position in the towerStack 16: units ending 16 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 516

DatePriceSizeAED/sq ftType
23 Sep 2025AED 460,000410 sq ft1,122Resale

Units ending 16 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
41614 Jul 2025AED 460,000410 sq ft1,122Resale
6167 May 2025AED 420,000410 sq ft1,024Resale
11627 May 2024AED 345,000410 sq ft841Resale
41628 Mar 2024AED 375,000410 sq ft915Resale
41616 Sep 2020AED 368,415410 sq ft899Resale

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
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
20720 Mar 2025AED 475,000387 sq ft1,227Resale

How we worked out the value

We took the 3 resale sales of units ending 16 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 1,122). We multiplied it by the size of this unit (410 sq ft). The range uses the middle half of those sales (AED 1,073 to AED 1,122 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 485,973. 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 516 at MAG 510 worth?

About AED 460,000 (range AED 440,000 to AED 460,000), based on AED 1,122 per sq ft from registered sales up to 10 Sep 2026.

When did unit 516 last sell?

23 Sep 2025, for AED 460,000 (resale). It has 1 registered sale.

What rent can unit 516 make?

A studio in MAG 510 rents for about AED 38,950 a year (median asking rent). That is a gross yield of 8.5% on the estimate.

Sales alert for MAG 510All sales in MAG 510

Unit 513 · Unit 518