Home
Dubai prices
About
Blog
Studio · 365 sqftMAG 515, Dubai South · 1st floor · completed 2020

103, MAG 515

Sold prices and rental history: sold once, by the developer in October 2018, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 103 · DLD and Ejari recordsUpdated 30 January 2026
Last soldAED 370K14 October 2018
Current rentAED 37K /yr30 January 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 103

Property timeline for 103, MAG 515

What is 103 worth today?

Last sold for AED 370,000 in 2018

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

30 Jan 2026RentedNew contract
AED 37,000/yr12 months · AED 101 per sqft
4 Jan 2025RentedNew contract
AED 35,000/yr12 months · AED 96 per sqft
4 Jan 2025RentedNew contract
AED 35,000/yr12 months · AED 96 per sqft
19 Oct 2021RentedNew contract
AED 16,909/yr12 months · AED 46 per sqft
21 Sep 2021RentedNew contract
AED 17,000/yr12 months · AED 47 per sqft
1 May 2020RentedNew contract
AED 22,000/yr12 months · AED 60 per sqft
14 Oct 2018Sold by developerOff-plan
AED 370,000AED 1,013 per sqft

Source: Dubai Land Department. Updated 30 January 2026.

Key facts

Type
Studio apartment
Size
365 sqft
Floor
1st of 6
Parking
G-03
Developer
MAG
Completed
2020
Service charge
AED 6,200 /yr
Last sold
AED 370K · October 2018
Building
MAG 515

About 103, MAG 515

103 is a studio of 365 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 14 October 2018 for AED 370,000, or AED 1,013 per sqft, 10% above the AED 920 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 6 Ejari contracts. The current contract, signed on 30 January 2026, is AED 37,000 a year: a gross yield of 10.0% on the 2018 price, before the service charge of about AED 6,200 a year.

Sales and rents for 103 over time

Sales
Unit 103, 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 2018: AED 370,000 (AED 1,013 per sqft)

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

Rents
Unit 103, 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 22,000 a yearNew contract, September 2021: AED 17,000 a yearNew contract, October 2021: AED 16,909 a yearNew contract, January 2025: AED 35,000 a yearNew contract, January 2025: AED 35,000 a yearNew contract, January 2026: AED 37,000 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 103 sits

All 60 studios →

103 last sold in October 2018 at AED 1,013 per sqft, 10% above what studios in MAG 515 were fetching at the time (AED 920). 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. 103's AED 37,000 is in the lower half 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
102StudioAED 390K · Oct 2017
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

103, MAG 515 in numbers

  • Sold once: by MAG on 14 October 2018 for AED 370,000, or AED 1,013 per sqft.
  • Rented since May 2020 on 6 Ejari contracts. The rent fell from AED 22,000 to AED 16,909 in 2021 and recovered to AED 37,000 by January 2026.
  • At AED 37,000 a year the gross yield on the 2018 price is 10.0%, before a service charge of about AED 6,200 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 30 January 2026.

Questions about 103, MAG 515

What did unit 103 last sell for?

AED 370,000 on 14 October 2018, sold by the developer: AED 1,013 per sqft for 365 sqft. It is the only registered sale of the unit.

What is the rent for unit 103?

AED 37,000 a year on the contract signed on 30 January 2026. The previous contract, from January 2025, was AED 35,000; the unit has been rented since May 2020.

How big is unit 103?

365 sqft (33.9 sqm): a studio on the 1st floor of a 6-storey tower completed in 2020.

What is unit 103 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.

Selling 103? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 103, MAG 515

Starts from the last sale price (AED 370K, 14 October 2018). Switch to today's estimate once you have unlocked it.
Price
AED 370,000
Deposit, UAE resident (20%)
AED 74,000
Deposit, non-resident (40%)
AED 148,000
Monthly over 25 years at 3.7%
AED 1,514

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