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Studio · 437 sqftMAG 515, Dubai South · 1st floor · completed 2020

117, MAG 515

Sold prices and rental history: sold 3 times, last in June 2024, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 117 · DLD and Ejari recordsUpdated 20 May 2026
Last soldAED 400K7 June 2024
Current rentAED 38K /yr20 May 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 117, MAG 515

What is 117 worth today?

Last sold for AED 400,000 in 2024

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20 May 2026RentedNew contract
AED 38,000/yr15 months · AED 87 per sqft
26 Jul 2025RentedRenewal
AED 41,000/yr12 months · AED 94 per sqft
26 Jul 2024RentedNew contract
AED 39,000/yr12 months · AED 89 per sqft
7 Jun 2024SoldReady
AED 400,000AED 915 per sqft
7 Oct 2023RentedRenewal
AED 25,300/yr12 months · AED 58 per sqft
7 Oct 2022RentedNew contract
AED 23,000/yr12 months · AED 53 per sqft
7 Oct 2021RentedRenewal
AED 20,500/yr12 months · AED 47 per sqft
2 Sep 2021SoldReady
AED 287,000AED 656 per sqft

Source: Dubai Land Department. Updated 20 May 2026.

Key facts

Type
Studio apartment
Size
437 sqft
Floor
1st of 6
Parking
G-17
Developer
MAG
Completed
2020
Service charge
AED 7,500 /yr
Last sold
AED 400K · June 2024
Building
MAG 515

About 117, MAG 515

117 is a studio of 437 sqft on the 1st floor of MAG 515, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 7 June 2024 for AED 400,000, or AED 915 per sqft, in line with the AED 907 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 7 Ejari contracts. The current contract, signed on 20 May 2026, is AED 38,000 a year: a gross yield of 9.5% on the 2024 price, before the service charge of about AED 7,500 a year.

Sales and rents for 117 over time

Sales
Unit 117, 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, July 2017: AED 400,000 (AED 915 per sqft)Sold, September 2021: AED 287,000 (AED 656 per sqft)Sold, June 2024: AED 400,000 (AED 915 per sqft)

117 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 117, 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, October 2020: AED 20,500 a yearRenewal, October 2021: AED 20,500 a yearNew contract, October 2022: AED 23,000 a yearRenewal, October 2023: AED 25,300 a yearNew contract, July 2024: AED 39,000 a yearRenewal, July 2025: AED 41,000 a yearNew contract, May 2026: AED 38,000 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 117 sits

All 60 studios →

117 last sold in June 2024 at AED 915 per sqft, in line with what studios in MAG 515 were fetching at the time (AED 907). 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. 117's AED 38,000 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
103StudioAED 370K · Oct 2018
1041-bedAED 444K · Jul 2017
1052-bedAED 228K · Dec 2022
1061-bedAED 480K · Jul 2018
107StudioAED 240K · Mar 2021
1–7 of 21

117, MAG 515 in numbers

  • Sold 3 times: first on 23 July 2017 for AED 400,000, last on 7 June 2024 for AED 400,000 (AED 915 per sqft).
  • Rented since October 2020 on 7 Ejari contracts, from AED 20,500 to AED 38,000 a year.
  • At AED 38,000 a year the gross yield on the 2024 price is 9.5%, before a service charge of about AED 7,500 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 20 May 2026.

Questions about 117, MAG 515

What did unit 117 last sell for?

AED 400,000 on 7 June 2024: AED 915 per sqft for 437 sqft. The unit has 3 registered sales; the first was AED 400,000 in July 2017.

What is the rent for unit 117?

AED 38,000 a year on the contract signed on 20 May 2026. The previous contract, from July 2025, was AED 41,000; the unit has been rented since October 2020.

How big is unit 117?

437 sqft (40.6 sqm): a studio on the 1st floor of a 6-storey tower completed in 2020.

What is unit 117 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 117, MAG 515

Starts from the last sale price (AED 400K, 7 June 2024). Switch to today's estimate once you have unlocked it.
Price
AED 400,000
Deposit, UAE resident (20%)
AED 80,000
Deposit, non-resident (40%)
AED 160,000
Monthly over 25 years at 3.7%
AED 1,637

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