615, MAG 505
Sold prices and rental history: sold once, by the developer in April 2018, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 615, MAG 505
What is 615 worth today?
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Source: Dubai Land Department. Updated 1 June 2026.
Key facts
- Type
- Studio apartment
- Size
- 410 sqft
- Floor
- 6th of 6
- Parking
- G-125
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 6,700 /yr
- Last sold
- AED 380K · April 2018
- Building
- MAG 505
About 615, MAG 505
615 is a studio of 410 sqft on the 6th floor of MAG 505, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 19 April 2018 for AED 380,000, or AED 927 per sqft, in line with the AED 931 studios in the building were fetching at the time.
It has been rented continuously since 2020 on 8 Ejari contracts. The current contract, signed on 1 June 2026, is AED 42,000 a year: a gross yield of 11.1% on the 2018 price, before the service charge of about AED 6,700 a year.
Sales and rents for 615 over time
615 has sold once; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in MAG 505, and where 615 sits
All 60 studios →615 last sold in April 2018 at AED 927 per sqft, in line with what studios in MAG 505 were fetching at the time (AED 931). Over the last 12 months studios sold for AED 420,000 to 550,000, around AED 1,182 per sqft, and rent for AED 26,000 to 50,000 a year. 615's AED 42,000 is in the upper half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 7 Aug 20267 August 2026 | 437 sqft | 19,936 | 45 | ||
| 5 Jun 20265 June 2026 | 410 sqft | 420,000 | 1,023 | ||
| 3 Dec 20253 December 2025 | 410 sqft | 550,000 | 1,340 | ||
| 15 Jan 202515 January 2025 | 437 sqft | 495,000 | 1,132 |
MAG 505
Building132 apartments, studios to 2-bed over 6 floors in Dubai South, completed in 2020 by MAG. 6 sold in the last 12 months.
- Typical price per sqft
- AED 1,107
- Typical sale
- AED 600K
- Typical rent
- AED 42K /yr
- Typical yield
- 8.4%
Other units on the 6th floor
All 132 units in MAG 505| ValueToday's value | |||||
|---|---|---|---|---|---|
| 601 | 1-bed | 629 sqft | AED 475KAED 475,000 · Jul 2019July 2019 | 54,000 /yr | |
| 602 | Studio | 389 sqft | AED 330KAED 330,000 · May 2019May 2019 | 40,000 /yr | |
| 603 | Studio | 365 sqft | AED 390KAED 390,000 · Mar 2018March 2018 | 31,000 /yr | |
| 604 | 1-bed | 478 sqft | AED 448KAED 448,000 · Apr 2018April 2018 | 52,000 /yr | |
| 605 | 2-bed | 668 sqft | AED 700KAED 700,000 · Jan 2025January 2025 | 64,000 /yr | |
| 606 | 1-bed | 483 sqft | AED 448KAED 448,000 · Jun 2018June 2018 | 42,000 /yr | |
| 607 | Studio | 389 sqft | AED 385KAED 385,000 · May 2018May 2018 | 40,000 /yr | |
| 608 | Studio | 349 sqft | AED 385KAED 385,000 · Aug 2021August 2021 | 34,000 /yr | |
| 609 | 1-bed | 478 sqft | AED 446KAED 446,000 · Apr 2018April 2018 | 40,000 /yr | |
| 610 | 2-bed | 666 sqft | AED 563KAED 563,000 · Mar 2019March 2019 | 55,000 /yr | |
| 611 | 1-bed | 483 sqft | AED 445KAED 445,000 · May 2018May 2018 | 31,500 /yr | |
| 612 | 1-bed | 657 sqft | AED 479KAED 478,880 · Sep 2022September 2022 | 60,000 /yr | |
| 613 | 1-bed | 623 sqft | AED 690KAED 690,000 · Jul 2026July 2026 | 35,000 /yr | |
| 614 | 1-bed | 638 sqft | AED 650KAED 650,000 · Aug 2025August 2025 | 72,000 /yr | |
| 616 | Studio | 410 sqft | AED 550KAED 550,000 · Dec 2025December 2025 | 42,872 /yr | |
| 617 | Studio | 437 sqft | AED 350KAED 350,000 · Nov 2024November 2024 | 22,000 /yr | |
| 618 | Studio | 437 sqft | AED 416KAED 416,218 · Mar 2018March 2018 | ||
| 619 | 1-bed | 514 sqft | AED 350KAED 350,000 · Nov 2023November 2023 | 58,000 /yr | |
| 620 | 1-bed | 514 sqft | AED 458KAED 458,000 · Apr 2018April 2018 | ||
| 621 | Studio | 360 sqft | AED 385KAED 385,000 · Jul 2019July 2019 | 37,000 /yr | |
| 622 | Studio | 360 sqft | AED 395KAED 395,000 · May 2018May 2018 | 31,000 /yr |
615, MAG 505 in numbers
- Sold once: by MAG on 19 April 2018 for AED 380,000, or AED 927 per sqft.
- Rented since September 2020 on 8 Ejari contracts, from AED 18,000 to AED 42,000 a year.
- At AED 42,000 a year the gross yield on the 2018 price is 11.1%, before a service charge of about AED 6,700 a year (AED 16.40 per sqft).
- Studios in MAG 505 sold for AED 420,000–550,000 in the 12 months to November 2026; the building's median across all types is AED 1,107 per sqft.
Source: Dubai Land Department. Updated 1 June 2026.
Questions about 615, MAG 505
What did unit 615 last sell for?
AED 380,000 on 19 April 2018, sold by the developer: AED 927 per sqft for 410 sqft. It is the only registered sale of the unit.
What is the rent for unit 615?
AED 42,000 a year on the contract signed on 1 June 2026. The previous contract, from May 2025, was AED 40,000; the unit has been rented since September 2020.
How big is unit 615?
410 sqft (38.1 sqm): a studio on the 6th floor of a 6-storey tower completed in 2020.
What is unit 615 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in MAG 505 sold for AED 420,000 to 550,000 in the last 12 months, around AED 1,182 per sqft.
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Mortgage on 615, MAG 505
Starts from the last sale price (AED 380K, 19 April 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 380,000
- Deposit, UAE resident (20%)
- AED 76,000
- Deposit, non-resident (40%)
- AED 152,000
- Monthly over 25 years at 3.7%
- AED 1,555
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →