115, MAG 515
Sold prices and rental history: sold once, by the developer in February 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 115, MAG 515
What is 115 worth today?
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Source: Dubai Land Department. Updated 1 June 2026.
Key facts
- Type
- Studio apartment
- Size
- 410 sqft
- Floor
- 1st of 6
- Parking
- G-15
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 7,000 /yr
- Last sold
- AED 373K · February 2018
- Building
- MAG 515
About 115, MAG 515
115 is a studio of 410 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 15 February 2018 for AED 373,000, or AED 910 per sqft, 3% below the AED 939 studios in the building were fetching at the time.
It has been rented continuously since 2020 on 8 Ejari contracts. The current contract, renewed on 1 June 2026, is AED 35,700 a year: a gross yield of 9.6% on the 2018 price, before the service charge of about AED 7,000 a year.
Sales and rents for 115 over time
115 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 515, and where 115 sits
All 60 studios →115 last sold in February 2018 at AED 910 per sqft, 3% below what studios in MAG 515 were fetching at the time (AED 939). 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. 115's AED 35,700 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 19 Aug 202619 August 2026 | 437 sqft | 475,000 | 1,087 | ||
| 25 Jun 202625 June 2026 | 360 sqft | 480,000 | 1,333 | ||
| 19 Aug 202519 August 2025 | 437 sqft | 525,000 | 1,201 | ||
| 10 Jul 202510 July 2025 | 387 sqft | 460,000 | 1,188 |
MAG 515
Building132 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%
Other units on the 1st floor
All 132 units in MAG 515| ValueToday's value | |||||
|---|---|---|---|---|---|
| 101 | 1-bed | 628 sqft | AED 400KAED 400,000 · Feb 2022February 2022 | 34,000 /yr | |
| 102 | Studio | 387 sqft | AED 390KAED 390,000 · Oct 2017October 2017 | 18,000 /yr | |
| 103 | Studio | 365 sqft | AED 370KAED 370,000 · Oct 2018October 2018 | 37,000 /yr | |
| 104 | 1-bed | 478 sqft | AED 444KAED 443,758 · Jul 2017July 2017 | 50,000 /yr | |
| 105 | 2-bed | 669 sqft | AED 228KAED 227,668 · Dec 2022December 2022 | 65,500 /yr | |
| 106 | 1-bed | 483 sqft | AED 480KAED 480,000 · Jul 2018July 2018 | 42,000 /yr | |
| 107 | Studio | 387 sqft | AED 240KAED 240,000 · Mar 2021March 2021 | 40,000 /yr | |
| 108 | Studio | 347 sqft | AED 360KAED 360,000 · Jul 2018July 2018 | 19,000 /yr | |
| 109 | 1-bed | 478 sqft | AED 21KAED 21,043 · Jul 2026July 2026 | 51,000 /yr | |
| 110 | 2-bed | 665 sqft | AED 580KAED 580,000 · Sep 2018September 2018 | 60,000 /yr | |
| 111 | 1-bed | 483 sqft | AED 455KAED 455,000 · Nov 2019November 2019 | 49,000 /yr | |
| 112 | 1-bed | 656 sqft | AED 512KAED 511,500 · Nov 2019November 2019 | 50,000 /yr | |
| 113 | 1-bed | 622 sqft | AED 645KAED 645,000 · Sep 2025September 2025 | 40,000 /yr | |
| 114 | 1-bed | 638 sqft | AED 435KAED 435,000 · Oct 2022October 2022 | 44,000 /yr | |
| 116 | Studio | 410 sqft | AED 377KAED 376,602 · Aug 2017August 2017 | 38,000 /yr | |
| 117 | Studio | 437 sqft | AED 400KAED 400,000 · Jun 2024June 2024 | 38,000 /yr | |
| 118 | Studio | 437 sqft | AED 425KAED 425,000 · Oct 2024October 2024 | 42,000 /yr | |
| 119 | 1-bed | 514 sqft | AED 500KAED 499,990 · Dec 2024December 2024 | 54,000 /yr | |
| 120 | 1-bed | 514 sqft | AED 474KAED 474,000 · Oct 2017October 2017 | 50,000 /yr | |
| 121 | Studio | 360 sqft | AED 380KAED 380,000 · Aug 2017August 2017 | 40,000 /yr | |
| 122 | Studio | 360 sqft | AED 480KAED 480,000 · Jun 2026June 2026 | 38,000 /yr |
115, MAG 515 in numbers
- Sold once: by MAG on 15 February 2018 for AED 373,000, or AED 910 per sqft.
- Rented since March 2020 on 8 Ejari contracts. The rent fell from AED 20,000 to AED 17,000 in 2021 and recovered to AED 35,700 by June 2026.
- At AED 35,700 a year the gross yield on the 2018 price is 9.6%, before a service charge of about AED 7,000 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 1 June 2026.
Questions about 115, MAG 515
What did unit 115 last sell for?
AED 373,000 on 15 February 2018, sold by the developer: AED 910 per sqft for 410 sqft. It is the only registered sale of the unit.
What is the rent for unit 115?
AED 35,700 a year on the contract renewed on 1 June 2026. The previous contract, from June 2025, was AED 34,500; the unit has been rented since March 2020.
How big is unit 115?
410 sqft (38.1 sqm): a studio on the 1st floor of a 6-storey tower completed in 2020.
What is unit 115 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 115, MAG 515
Starts from the last sale price (AED 373K, 15 February 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 373,000
- Deposit, UAE resident (20%)
- AED 74,600
- Deposit, non-resident (40%)
- AED 149,200
- Monthly over 25 years at 3.7%
- AED 1,526
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →