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Studio · 387 sqftMAG 515, Dubai South · 2nd floor · completed 2020

202, MAG 515

Sold prices and rental history: sold once, by the developer in July 2018, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 202 · DLD and Ejari recordsUpdated 15 March 2026
Last soldAED 355K19 July 2018
Current rentAED 38K /yr15 March 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 202, MAG 515

What is 202 worth today?

Last sold for AED 355,000 in 2018

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15 Mar 2026RentedRenewal
AED 38,000/yr12 months · AED 98 per sqft
15 Mar 2025RentedNew contract
AED 38,000/yr12 months · AED 98 per sqft
1 Jan 2023RentedRenewal
AED 20,000/yr12 months · AED 52 per sqft
1 Jan 2022RentedRenewal
AED 20,000/yr12 months · AED 52 per sqft
1 Jan 2021RentedNew contract
AED 18,000/yr12 months · AED 46 per sqft
19 Jul 2018Sold by developerOff-plan
AED 355,000AED 917 per sqft

Source: Dubai Land Department. Updated 15 March 2026.

Key facts

Type
Studio apartment
Size
387 sqft
Floor
2nd of 6
Parking
G-24
Developer
MAG
Completed
2020
Service charge
AED 6,600 /yr
Last sold
AED 355K · July 2018
Building
MAG 515

About 202, MAG 515

202 is a studio of 387 sqft on the 2nd floor of MAG 515, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 19 July 2018 for AED 355,000, or AED 917 per sqft, in line with the AED 924 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, renewed on 15 March 2026, is AED 38,000 a year: a gross yield of 10.7% on the 2018 price, before the service charge of about AED 6,600 a year.

Sales and rents for 202 over time

Sales
Unit 202, 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 2018: AED 355,000 (AED 917 per sqft)

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

Rents
Unit 202, 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, January 2021: AED 18,000 a yearRenewal, January 2022: AED 20,000 a yearRenewal, January 2023: AED 20,000 a yearNew contract, March 2025: AED 38,000 a yearRenewal, March 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 202 sits

All 60 studios →

202 last sold in July 2018 at AED 917 per sqft, in line with what studios in MAG 515 were fetching at the time (AED 924). 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. 202'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 2nd floor

All 132 units in MAG 515
Value
2011-bedAED 450K · Dec 2023
203StudioAED 275K · Mar 2023
2041-bedAED 450K · Sep 2019
2052-bedAED 446K · Apr 2021
2061-bedAED 445K · Jul 2019
207StudioAED 310K · Jul 2017
208StudioAED 348K · Sep 2017
1–7 of 21

202, MAG 515 in numbers

  • Sold once: by MAG on 19 July 2018 for AED 355,000, or AED 917 per sqft.
  • Rented since January 2021 on 5 Ejari contracts, from AED 18,000 to AED 38,000 a year.
  • At AED 38,000 a year the gross yield on the 2018 price is 10.7%, 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 15 March 2026.

Questions about 202, MAG 515

What did unit 202 last sell for?

AED 355,000 on 19 July 2018, sold by the developer: AED 917 per sqft for 387 sqft. It is the only registered sale of the unit.

What is the rent for unit 202?

AED 38,000 a year on the contract renewed on 15 March 2026. The previous contract, from March 2025, was AED 38,000; the unit has been rented since January 2021.

How big is unit 202?

387 sqft (36.0 sqm): a studio on the 2nd floor of a 6-storey tower completed in 2020.

What is unit 202 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 202, MAG 515

Starts from the last sale price (AED 355K, 19 July 2018). Switch to today's estimate once you have unlocked it.
Price
AED 355,000
Deposit, UAE resident (20%)
AED 71,000
Deposit, non-resident (40%)
AED 142,000
Monthly over 25 years at 3.7%
AED 1,452

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