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Studio · 387 sqftMAG 515, Dubai South · 1st floor · completed 2020

102, MAG 515

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

Unit 102 · DLD and Ejari recordsUpdated 2 May 2021
Last soldAED 390K24 October 2017
Current rentAED 18K /yr2 May 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 102, MAG 515

What is 102 worth today?

Last sold for AED 390,000 in 2017

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2 May 2021RentedRenewal
AED 18,000/yr12 months · AED 46 per sqft
2 May 2020RentedNew contract
AED 17,500/yr12 months · AED 45 per sqft
24 Oct 2017Sold by developerOff-plan
AED 390,000AED 1,007 per sqft

Source: Dubai Land Department. Updated 2 May 2021.

Key facts

Type
Studio apartment
Size
387 sqft
Floor
1st of 6
Parking
G-02
Developer
MAG
Completed
2020
Service charge
AED 6,600 /yr
Last sold
AED 390K · October 2017
Building
MAG 515

About 102, MAG 515

102 is a studio of 387 sqft on the 1st floor of MAG 515, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 24 October 2017 for AED 390,000, or AED 1,007 per sqft, 5% above the AED 956 studios in the building were fetching at the time.

It has been rented since 2020 on 2 Ejari contracts. The current contract, renewed on 2 May 2021, is AED 18,000 a year: a gross yield of 4.6% on the 2017 price, before the service charge of about AED 6,600 a year.

Sales and rents for 102 over time

Sales
Unit 102, each saleTypical studio in MAG 515
300K400K2017202020232026Typical sale price by year: 2017 AED 365,000; 2018 AED 372,140; 2019 AED 360,000; 2021 AED 275,000; 2022 AED 260,000; 2023 AED 323,140; 2024 AED 415,000; 2025 AED 415,000Sold by developer, October 2017: AED 390,000 (AED 1,007 per sqft)

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

Rents
Unit 102, each contractTypical studio in MAG 515
20K40K2020202220242026Typical rent by year: 2020 AED 20,000; 2021 AED 18,000; 2022 AED 20,500; 2023 AED 24,967; 2024 AED 33,457; 2025 AED 40,000; 2026 AED 40,000New contract, May 2020: AED 17,500 a yearRenewal, May 2021: AED 18,000 a year

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

Studios in MAG 515, and where 102 sits

All 60 studios →

102 last sold in October 2017 at AED 1,007 per sqft, 5% above what studios in MAG 515 were fetching at the time (AED 956). Over the last 12 months studios sold for AED 475,000 to 480,000, around AED 1,210 per sqft, and rent for AED 25,000 to 54,000 a year. 102's AED 18,000 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
19 Aug 2026475,000
25 Jun 2026480,000
19 Aug 2025525,000
10 Jul 2025460,000
2 studio 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. 9 sold in the last 12 months.

Typical price per sqft
AED 1,092
Typical sale
AED 595K
Typical rent
AED 43K /yr
Typical yield
8.8%
MAG 515, Dubai South: prices, sales and rents →

Other units on the 1st floor

All 132 units in MAG 515
Value
1011-bedAED 400K · Feb 2022
103StudioAED 370K · Oct 2018
1041-bedAED 444K · Jul 2017
1052-bedAED 228K · Dec 2022
1061-bedAED 480K · Jul 2018
107StudioAED 240K · Mar 2021
108StudioAED 360K · Jul 2018
1–7 of 21

102, MAG 515 in numbers

  • Sold once: by MAG on 24 October 2017 for AED 390,000, or AED 1,007 per sqft.
  • Rented since May 2020 on 2 Ejari contracts, from AED 17,500 to AED 18,000 a year.
  • At AED 18,000 a year the gross yield on the 2017 price is 4.6%, before a service charge of about AED 6,600 a year (AED 17.07 per sqft).
  • Studios in MAG 515 sold for AED 475,000–480,000 in the 12 months to November 2026; the building's median across all types is AED 1,092 per sqft.

Source: Dubai Land Department. Updated 2 May 2021.

Questions about 102, MAG 515

What did unit 102 last sell for?

AED 390,000 on 24 October 2017, sold by the developer: AED 1,007 per sqft for 387 sqft. It is the only registered sale of the unit.

What is the rent for unit 102?

AED 18,000 a year on the contract renewed on 2 May 2021. The previous contract, from May 2020, was AED 17,500.

How big is unit 102?

387 sqft (36.0 sqm): a studio on the 1st floor of a 6-storey tower completed in 2020.

What is unit 102 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in MAG 515 sold for AED 475,000 to 480,000 in the last 12 months, around AED 1,210 per sqft.

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Mortgage on 102, MAG 515

Starts from the last sale price (AED 390K, 24 October 2017). Switch to today's estimate once you have unlocked it.
Price
AED 390,000
Deposit, UAE resident (20%)
AED 78,000
Deposit, non-resident (40%)
AED 156,000
Monthly over 25 years at 3.7%
AED 1,596

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