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Studio · 360 sqftMAG 515, Dubai South · 1st floor · completed 2020

121, MAG 515

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

Unit 121 · DLD and Ejari recordsUpdated 25 May 2026
Last soldAED 380K17 August 2017
Current rentAED 40K /yr25 May 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 121, MAG 515

What is 121 worth today?

Last sold for AED 380,000 in 2017

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25 May 2026RentedRenewal
AED 40,000/yr12 months · AED 111 per sqft
25 May 2025RentedRenewal
AED 40,000/yr12 months · AED 111 per sqft
25 May 2025RentedRenewal
AED 40,000/yr12 months · AED 111 per sqft
25 May 2024RentedNew contract
AED 38,000/yr12 months · AED 106 per sqft
15 May 2023RentedRenewal
AED 26,000/yr12 months · AED 72 per sqft
15 May 2022RentedNew contract
AED 24,000/yr12 months · AED 67 per sqft
25 Sep 2021RentedNew contract
AED 30,000/yr6 months · AED 83 per sqft
5 Jun 2020RentedNew contract
AED 21,000/yr12 months · AED 58 per sqft

Source: Dubai Land Department. Updated 25 May 2026.

Key facts

Type
Studio apartment
Size
360 sqft
Floor
1st of 6
Parking
G-21
Developer
MAG
Completed
2020
Service charge
AED 6,100 /yr
Last sold
AED 380K · August 2017
Building
MAG 515

About 121, MAG 515

121 is a studio of 360 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 17 August 2017 for AED 380,000, or AED 1,055 per sqft, 15% above the AED 921 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 25 May 2026, is AED 40,000 a year: a gross yield of 10.5% on the 2017 price, before the service charge of about AED 6,100 a year.

Sales and rents for 121 over time

Sales
Unit 121, 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, August 2017: AED 380,000 (AED 1,055 per sqft)

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

Rents
Unit 121, each contractTypical studio in MAG 515
20K30K40K2020202220242026Typical 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, June 2020: AED 21,000 a yearNew contract, September 2021: AED 30,000 a yearNew contract, May 2022: AED 24,000 a yearRenewal, May 2023: AED 26,000 a yearNew contract, May 2024: AED 38,000 a yearRenewal, May 2025: AED 40,000 a yearRenewal, May 2025: AED 40,000 a yearRenewal, May 2026: AED 40,000 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 121 sits

All 60 studios →

121 last sold in August 2017 at AED 1,055 per sqft, 15% above what studios in MAG 515 were fetching at the time (AED 921). 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. 121's AED 40,000 is in the upper 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

121, MAG 515 in numbers

  • Sold once: by MAG on 17 August 2017 for AED 380,000, or AED 1,055 per sqft.
  • Rented since June 2020 on 8 Ejari contracts, from AED 21,000 to AED 40,000 a year.
  • At AED 40,000 a year the gross yield on the 2017 price is 10.5%, before a service charge of about AED 6,100 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 25 May 2026.

Questions about 121, MAG 515

What did unit 121 last sell for?

AED 380,000 on 17 August 2017, sold by the developer: AED 1,055 per sqft for 360 sqft. It is the only registered sale of the unit.

What is the rent for unit 121?

AED 40,000 a year on the contract renewed on 25 May 2026. The previous contract, from May 2025, was AED 40,000; the unit has been rented since June 2020.

How big is unit 121?

360 sqft (33.4 sqm): a studio on the 1st floor of a 6-storey tower completed in 2020.

What is unit 121 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 121, MAG 515

Starts from the last sale price (AED 380K, 17 August 2017). Switch to today's estimate once you have unlocked it.
Price
AED 380,000
Deposit, UAE resident (20%)
AED 76,000
Deposit, non-resident (40%)
AED 152,000
Monthly over 25 years at 3.7%
AED 1,555

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