216, MAG 515
Sold prices and rental history: sold once, by the developer in October 2019, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 216, MAG 515
What is 216 worth today?
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Source: Dubai Land Department. Updated 22 September 2025.
Key facts
- Type
- Studio apartment
- Size
- 410 sqft
- Floor
- 2nd of 6
- Parking
- G-38
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 7,000 /yr
- Last sold
- AED 395K · October 2019
- Building
- MAG 515
About 216, MAG 515
216 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 1 October 2019 for AED 395,000, or AED 962 per sqft, in line with the AED 952 studios in the building were fetching at the time.
It has been rented since 2022 on 3 Ejari contracts. The current contract, signed on 22 September 2025, is AED 45,000 a year: a gross yield of 11.4% on the 2019 price, before the service charge of about AED 7,000 a year.
Sales and rents for 216 over time
216 has sold once; the dashed line is the studio median of each year in the building.
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 216 sits
All 60 studios →216 last sold in October 2019 at AED 962 per sqft, in line with what studios in MAG 515 were fetching at the time (AED 952). 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. 216's AED 45,000 is in the upper half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 19 Aug 202619 August 2026 | 437 sqft | 475,000 | 1,087 | ||
| 25 Jun 202625 June 2026 | 360 sqft | 480,000 | 1,333 | ||
| 19 Aug 202519 August 2025 | 437 sqft | 525,000 | 1,201 | ||
| 10 Jul 202510 July 2025 | 387 sqft | 460,000 | 1,188 |
MAG 515
Building132 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%
Other units on the 2nd floor
All 132 units in MAG 515| ValueToday's value | |||||
|---|---|---|---|---|---|
| 201 | 1-bed | 628 sqft | AED 450KAED 450,000 · Dec 2023December 2023 | 61,000 /yr | |
| 202 | Studio | 387 sqft | AED 355KAED 355,000 · Jul 2018July 2018 | 38,000 /yr | |
| 203 | Studio | 365 sqft | AED 275KAED 275,000 · Mar 2023March 2023 | 33,000 /yr | |
| 204 | 1-bed | 478 sqft | AED 450KAED 450,000 · Sep 2019September 2019 | ||
| 205 | 2-bed | 669 sqft | AED 446KAED 445,919 · Apr 2021April 2021 | ||
| 206 | 1-bed | 483 sqft | AED 445KAED 445,000 · Jul 2019July 2019 | 52,000 /yr | |
| 207 | Studio | 387 sqft | AED 310KAED 310,000 · Jul 2017July 2017 | 39,900 /yr | |
| 208 | Studio | 347 sqft | AED 348KAED 347,900 · Sep 2017September 2017 | 40,000 /yr | |
| 209 | 1-bed | 478 sqft | AED 453KAED 453,000 · Sep 2017September 2017 | 52,000 /yr | |
| 210 | 2-bed | 666 sqft | AED 600KAED 600,000 · Oct 2017October 2017 | 60,000 /yr | |
| 211 | 1-bed | 483 sqft | AED 460KAED 460,000 · Sep 2017September 2017 | 46,000 /yr | |
| 212 | 1-bed | 656 sqft | AED 480KAED 480,000 · Jun 2019June 2019 | 52,000 /yr | |
| 213 | 1-bed | 622 sqft | AED 535KAED 534,500 · Apr 2018April 2018 | 50,000 /yr | |
| 214 | 1-bed | 638 sqft | AED 625KAED 625,000 · Sep 2024September 2024 | 56,000 /yr | |
| 215 | Studio | 410 sqft | AED 385KAED 385,000 · Aug 2017August 2017 | 27,500 /yr | |
| 217 | Studio | 437 sqft | AED 415KAED 415,000 · Dec 2024December 2024 | 19,000 /yr | |
| 218 | Studio | 437 sqft | AED 475KAED 475,000 · Aug 2026August 2026 | 43,000 /yr | |
| 219 | 1-bed | 514 sqft | AED 495KAED 495,000 · Aug 2017August 2017 | ||
| 220 | 1-bed | 514 sqft | AED 500KAED 500,000 · Apr 2019April 2019 | 47,000 /yr | |
| 221 | Studio | 360 sqft | AED 260KAED 260,000 · Sep 2022September 2022 | 40,000 /yr | |
| 222 | Studio | 360 sqft | AED 265KAED 265,000 · Sep 2022September 2022 | 45,000 /yr |
216, MAG 515 in numbers
- Sold once: by MAG on 1 October 2019 for AED 395,000, or AED 962 per sqft.
- Rented since August 2022 on 3 Ejari contracts, from AED 25,000 to AED 45,000 a year.
- At AED 45,000 a year the gross yield on the 2019 price is 11.4%, 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 22 September 2025.
Questions about 216, MAG 515
What did unit 216 last sell for?
AED 395,000 on 1 October 2019, sold by the developer: AED 962 per sqft for 410 sqft. It is the only registered sale of the unit.
What is the rent for unit 216?
AED 45,000 a year on the contract signed on 22 September 2025. The previous contract, from August 2025, was AED 40,000; the unit has been rented since August 2022.
How big is unit 216?
410 sqft (38.1 sqm): a studio on the 2nd floor of a 6-storey tower completed in 2020.
What is unit 216 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 216, MAG 515
Starts from the last sale price (AED 395K, 1 October 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 395,000
- Deposit, UAE resident (20%)
- AED 79,000
- Deposit, non-resident (40%)
- AED 158,000
- Monthly over 25 years at 3.7%
- AED 1,616
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →