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Studio · 410 sqftMAG 510, Dubai South · 5th floor · completed 2020

515, MAG 510

Sold prices and rental history: sold once, by the developer in November 2017, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 515 · DLD and Ejari recordsUpdated 1 November 2025
Last soldAED 425K13 November 2017
Current rentAED 41K /yr1 November 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 515, MAG 510

What is 515 worth today?

Last sold for AED 425,000 in 2017

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1 Nov 2025RentedNew contract
AED 41,000/yr12 months · AED 100 per sqft
1 Nov 2024RentedNew contract
AED 37,000/yr12 months · AED 90 per sqft
1 Oct 2023RentedNew contract
AED 28,000/yr12 months · AED 68 per sqft
25 Sep 2022RentedNew contract
AED 23,000/yr12 months · AED 56 per sqft
8 Nov 2020RentedNew contract
AED 18,000/yr13 months · AED 44 per sqft
13 Nov 2017Sold by developerOff-plan
AED 425,000AED 1,037 per sqft

Source: Dubai Land Department. Updated 1 November 2025.

Key facts

Type
Studio apartment
Size
410 sqft
Floor
5th of 6
Parking
G-103
Developer
MAG
Completed
2020
Service charge
AED 7,500 /yr
Last sold
AED 425K · November 2017
Building
MAG 510

About 515, MAG 510

515 is a studio of 410 sqft on the 5th floor of MAG 510, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 13 November 2017 for AED 425,000, or AED 1,037 per sqft, in line with the AED 1,037 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, signed on 1 November 2025, is AED 41,000 a year: a gross yield of 9.7% on the 2017 price, before the service charge of about AED 7,500 a year.

Sales and rents for 515 over time

Sales
Unit 515, each saleTypical studio in MAG 510
400K2017202020232026Typical sale price by year: 2017 AED 384,250; 2018 AED 381,250; 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 460,000; 2026 AED 478,000Sold by developer, November 2017: AED 425,000 (AED 1,037 per sqft)

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

Rents
Unit 515, each contractTypical studio in MAG 510
20K40K2020202220242026Typical rent by year: 2020 AED 18,000; 2021 AED 18,000; 2022 AED 19,000; 2023 AED 23,000; 2024 AED 33,000; 2025 AED 37,750; 2026 AED 38,000New contract, November 2020: AED 18,000 a yearNew contract, September 2022: AED 23,000 a yearNew contract, October 2023: AED 28,000 a yearNew contract, November 2024: AED 37,000 a yearNew contract, November 2025: AED 41,000 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 515 sits

All 60 studios →

515 last sold in November 2017 at AED 1,037 per sqft, in line with what studios in MAG 510 were fetching at the time (AED 1,037). Over the last 12 months studios sold for AED 440,000 to 485,000, around AED 1,253 per sqft, and rent for AED 18,975 to 54,000 a year. 515's AED 41,000 is in the upper half of that range.

Recent studio salesUnit no.Price (AED)Summary
5 Sep 2026440,000
4 Feb 2026485,000
12 Jan 2026478,000
23 Sep 2025460,000
3 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. 6 sold in the last 12 months.

Typical price per sqft
AED 1,213
Typical sale
AED 528K
Typical rent
AED 44K /yr
Typical yield
7.7%
MAG 510, Dubai South: prices, sales and rents →

Other units on the 5th floor

All 132 units in MAG 510
Value
5011-bedAED 550K · Aug 2024
502StudioAED 386K · Sep 2018
503StudioAED 384K · Oct 2017
5041-bedAED 470K · May 2018
5052-bedAED 630K · Mar 2024
5061-bedAED 570K · Dec 2025
507StudioAED 386K · Sep 2018
1–7 of 21

515, MAG 510 in numbers

  • Sold once: by MAG on 13 November 2017 for AED 425,000, or AED 1,037 per sqft.
  • Rented since November 2020 on 5 Ejari contracts, from AED 18,000 to AED 41,000 a year.
  • At AED 41,000 a year the gross yield on the 2017 price is 9.7%, before a service charge of about AED 7,500 a year (AED 18.21 per sqft).
  • Studios in MAG 510 sold for AED 440,000–485,000 in the 12 months to November 2026; the building's median across all types is AED 1,213 per sqft.

Source: Dubai Land Department. Updated 1 November 2025.

Questions about 515, MAG 510

What did unit 515 last sell for?

AED 425,000 on 13 November 2017, sold by the developer: AED 1,037 per sqft for 410 sqft. It is the only registered sale of the unit.

What is the rent for unit 515?

AED 41,000 a year on the contract signed on 1 November 2025. The previous contract, from November 2024, was AED 37,000; the unit has been rented since November 2020.

How big is unit 515?

410 sqft (38.1 sqm): a studio on the 5th floor of a 6-storey tower completed in 2020.

What is unit 515 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 440,000 to 485,000 in the last 12 months, around AED 1,253 per sqft.

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Mortgage on 515, MAG 510

Starts from the last sale price (AED 425K, 13 November 2017). Switch to today's estimate once you have unlocked it.
Price
AED 425,000
Deposit, UAE resident (20%)
AED 85,000
Deposit, non-resident (40%)
AED 170,000
Monthly over 25 years at 3.7%
AED 1,739

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →