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Studio · 410 sqftMAG 515, Dubai South · 2nd floor · completed 2020

215, 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 215 · DLD and Ejari recordsUpdated 21 August 2026
Last soldAED 385K3 August 2017
Current rentAED 28K /yr21 August 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 215, MAG 515

What is 215 worth today?

Last sold for AED 385,000 in 2017

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21 Aug 2026RentedRenewal
AED 27,500/yr12 months · AED 67 per sqft
21 Aug 2025RentedRenewal
AED 27,500/yr12 months · AED 67 per sqft
21 Aug 2024RentedRenewal
AED 27,500/yr12 months · AED 67 per sqft
21 Aug 2023RentedNew contract
AED 23,000/yr12 months · AED 56 per sqft
21 Aug 2022RentedNew contract
AED 21,000/yr12 months · AED 51 per sqft
15 Mar 2022RentedNew contract
AED 21,000/yr12 months · AED 51 per sqft
3 Mar 2020RentedNew contract
AED 20,000/yr12 months · AED 49 per sqft
3 Aug 2017Sold by developerOff-plan
AED 385,000AED 939 per sqft

Source: Dubai Land Department. Updated 21 August 2026.

Key facts

Type
Studio apartment
Size
410 sqft
Floor
2nd of 6
Parking
G-37
Developer
MAG
Completed
2020
Service charge
AED 7,000 /yr
Last sold
AED 385K · August 2017
Building
MAG 515

About 215, MAG 515

215 is a studio of 410 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 3 August 2017 for AED 385,000, or AED 939 per sqft, in line with the AED 939 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 7 Ejari contracts. The current contract, renewed on 21 August 2026, is AED 27,500 a year: a gross yield of 7.1% on the 2017 price, before the service charge of about AED 7,000 a year.

Sales and rents for 215 over time

Sales
Unit 215, 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 385,000 (AED 939 per sqft)

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

Rents
Unit 215, 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, March 2020: AED 20,000 a yearNew contract, March 2022: AED 21,000 a yearNew contract, August 2022: AED 21,000 a yearNew contract, August 2023: AED 23,000 a yearRenewal, August 2024: AED 27,500 a yearRenewal, August 2025: AED 27,500 a yearRenewal, August 2026: AED 27,500 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 215 sits

All 60 studios →

215 last sold in August 2017 at AED 939 per sqft, in line with what studios in MAG 515 were fetching at the time (AED 939). 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. 215's AED 27,500 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
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

215, MAG 515 in numbers

  • Sold once: by MAG on 3 August 2017 for AED 385,000, or AED 939 per sqft.
  • Rented since March 2020 on 7 Ejari contracts, from AED 20,000 to AED 27,500 a year.
  • At AED 27,500 a year the gross yield on the 2017 price is 7.1%, before a service charge of about AED 7,000 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 21 August 2026.

Questions about 215, MAG 515

What did unit 215 last sell for?

AED 385,000 on 3 August 2017, sold by the developer: AED 939 per sqft for 410 sqft. It is the only registered sale of the unit.

What is the rent for unit 215?

AED 27,500 a year on the contract renewed on 21 August 2026. The previous contract, from August 2025, was AED 27,500; the unit has been rented since March 2020.

How big is unit 215?

410 sqft (38.1 sqm): a studio on the 2nd floor of a 6-storey tower completed in 2020.

What is unit 215 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 215, MAG 515

Starts from the last sale price (AED 385K, 3 August 2017). Switch to today's estimate once you have unlocked it.
Price
AED 385,000
Deposit, UAE resident (20%)
AED 77,000
Deposit, non-resident (40%)
AED 154,000
Monthly over 25 years at 3.7%
AED 1,575

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