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Studio · 347 sqftMAG 515, Dubai South · 2nd floor · completed 2020

208, MAG 515

Sold prices and rental history: sold once, by the developer in September 2017, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 208 · DLD and Ejari recordsUpdated 1 November 2025
Last soldAED 348K26 September 2017
Current rentAED 40K /yr1 November 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 208, MAG 515

What is 208 worth today?

Last sold for AED 347,900 in 2017

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1 Nov 2025RentedNew contract
AED 40,000/yr12 months · AED 115 per sqft
5 Dec 2024RentedRenewal
AED 32,000/yr12 months · AED 92 per sqft
5 Dec 2023RentedNew contract
AED 29,000/yr12 months · AED 83 per sqft
26 Sep 2017Sold by developerOff-plan
AED 347,900AED 1,001 per sqft

Source: Dubai Land Department. Updated 1 November 2025.

Key facts

Type
Studio apartment
Size
347 sqft
Floor
2nd of 6
Parking
G-49
Developer
MAG
Completed
2020
Service charge
AED 5,900 /yr
Last sold
AED 348K · September 2017
Building
MAG 515

About 208, MAG 515

208 is a studio of 347 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 26 September 2017 for AED 347,900, or AED 1,001 per sqft, 5% above the AED 956 studios in the building were fetching at the time.

It has been rented since 2023 on 3 Ejari contracts. The current contract, signed on 1 November 2025, is AED 40,000 a year: a gross yield of 11.5% on the 2017 price, before the service charge of about AED 5,900 a year.

Sales and rents for 208 over time

Sales
Unit 208, 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, September 2017: AED 347,900 (AED 1,001 per sqft)

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

Rents
Unit 208, 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 2023: AED 29,000 a yearRenewal, December 2024: AED 32,000 a yearNew contract, November 2025: 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 208 sits

All 60 studios →

208 last sold in September 2017 at AED 1,001 per sqft, 5% above what studios in MAG 515 were fetching at the time (AED 956). 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. 208'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 2nd floor

All 132 units in MAG 515
Value
2011-bedAED 450K · Dec 2023
202StudioAED 355K · Jul 2018
203StudioAED 275K · Mar 2023
2041-bedAED 450K · Sep 2019
2052-bedAED 446K · Apr 2021
2061-bedAED 445K · Jul 2019
207StudioAED 310K · Jul 2017
1–7 of 21

208, MAG 515 in numbers

  • Sold once: by MAG on 26 September 2017 for AED 347,900, or AED 1,001 per sqft.
  • Rented since December 2023 on 3 Ejari contracts, from AED 29,000 to AED 40,000 a year.
  • At AED 40,000 a year the gross yield on the 2017 price is 11.5%, before a service charge of about AED 5,900 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 November 2025.

Questions about 208, MAG 515

What did unit 208 last sell for?

AED 347,900 on 26 September 2017, sold by the developer: AED 1,001 per sqft for 347 sqft. It is the only registered sale of the unit.

What is the rent for unit 208?

AED 40,000 a year on the contract signed on 1 November 2025. The previous contract, from December 2024, was AED 32,000; the unit has been rented since December 2023.

How big is unit 208?

347 sqft (32.2 sqm): a studio on the 2nd floor of a 6-storey tower completed in 2020.

What is unit 208 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 208, MAG 515

Starts from the last sale price (AED 348K, 26 September 2017). Switch to today's estimate once you have unlocked it.
Price
AED 347,900
Deposit, UAE resident (20%)
AED 69,580
Deposit, non-resident (40%)
AED 139,160
Monthly over 25 years at 3.7%
AED 1,423

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