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Studio · 365 sqftMAG 515, Dubai South · 2nd floor · completed 2020

203, MAG 515

Sold prices and rental history: sold 3 times, last in March 2023, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 203 · DLD and Ejari recordsUpdated 20 December 2025
Last soldAED 275K16 March 2023
Current rentAED 32K /yr20 December 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 203, MAG 515

What is 203 worth today?

Last sold for AED 275,000 in 2023

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20 Dec 2025RentedRenewal
AED 31,500/yr12 months · AED 86 per sqft
20 Dec 2025RentedRenewal
AED 33,000/yr12 months · AED 90 per sqft
20 Dec 2024RentedRenewal
AED 30,000/yr12 months · AED 82 per sqft
20 Dec 2023RentedNew contract
AED 26,000/yr12 months · AED 71 per sqft
16 Mar 2023SoldReady
AED 275,000AED 753 per sqft
20 Dec 2022RentedNew contract
AED 26,000/yr12 months · AED 71 per sqft
25 May 2022SoldReady
AED 200,000AED 547 per sqft
7 Jan 2018Sold by developerOff-plan
AED 360,000AED 986 per sqft

Source: Dubai Land Department. Updated 20 December 2025.

Key facts

Type
Studio apartment
Size
365 sqft
Floor
2nd of 6
Parking
G-25
Developer
MAG
Completed
2020
Service charge
AED 6,200 /yr
Last sold
AED 275K · March 2023
Building
MAG 515

About 203, MAG 515

203 is a studio of 365 sqft on the 2nd floor of MAG 515, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 16 March 2023 for AED 275,000, or AED 753 per sqft, 4% above the AED 727 studios in the building were fetching at the time.

It has been rented continuously since 2022 on 5 Ejari contracts. The current contract, renewed on 20 December 2025, is AED 31,500 a year: a gross yield of 11.5% on the 2023 price, before the service charge of about AED 6,200 a year.

Sales and rents for 203 over time

Sales
Unit 203, each saleTypical studio in MAG 515
200K300K400K2017202020232026Typical 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, January 2018: AED 360,000 (AED 986 per sqft)Sold, May 2022: AED 200,000 (AED 547 per sqft)Sold, March 2023: AED 275,000 (AED 753 per sqft)

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

Rents
Unit 203, 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, December 2022: AED 26,000 a yearNew contract, December 2023: AED 26,000 a yearRenewal, December 2024: AED 30,000 a yearRenewal, December 2025: AED 31,500 a yearRenewal, December 2025: AED 33,000 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 203 sits

All 60 studios →

203 last sold in March 2023 at AED 753 per sqft, 4% above what studios in MAG 515 were fetching at the time (AED 727). 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. 203's AED 31,500 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
202StudioAED 355K · Jul 2018
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

203, MAG 515 in numbers

  • Sold 3 times: first on 7 January 2018 for AED 360,000, last on 16 March 2023 for AED 275,000 (AED 753 per sqft).
  • Rented since December 2022 on 5 Ejari contracts, from AED 26,000 to AED 31,500 a year.
  • At AED 31,500 a year the gross yield on the 2023 price is 11.5%, 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 20 December 2025.

Questions about 203, MAG 515

What did unit 203 last sell for?

AED 275,000 on 16 March 2023: AED 753 per sqft for 365 sqft. The unit has 3 registered sales; the first was AED 360,000 in January 2018.

What is the rent for unit 203?

AED 31,500 a year on the contract renewed on 20 December 2025. The previous contract, from December 2025, was AED 33,000; the unit has been rented since December 2022.

How big is unit 203?

365 sqft (33.9 sqm): a studio on the 2nd floor of a 6-storey tower completed in 2020.

What is unit 203 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 203, MAG 515

Starts from the last sale price (AED 275K, 16 March 2023). Switch to today's estimate once you have unlocked it.
Price
AED 275,000
Deposit, UAE resident (20%)
AED 55,000
Deposit, non-resident (40%)
AED 110,000
Monthly over 25 years at 3.7%
AED 1,125

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