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Studio · 437 sqftMAG 515, Dubai South · 2nd floor · completed 2020

217, MAG 515

Sold prices and rental history: sold twice, last in December 2024, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 217 · DLD and Ejari recordsUpdated 13 December 2024
Last soldAED 415K13 December 2024
Current rentAED 19K /yr10 February 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 217, MAG 515

What is 217 worth today?

Last sold for AED 415,000 in 2024

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13 Dec 2024SoldReady
AED 415,000AED 949 per sqft
10 Feb 2024RentedRenewal
AED 19,000/yr12 months · AED 43 per sqft
10 Feb 2023RentedRenewal
AED 19,000/yr12 months · AED 43 per sqft
10 Feb 2022RentedRenewal
AED 19,000/yr12 months · AED 43 per sqft
10 Feb 2021RentedRenewal
AED 19,000/yr12 months · AED 43 per sqft
10 Feb 2020RentedNew contract
AED 19,000/yr12 months · AED 43 per sqft
6 Mar 2018Sold by developerOff-plan
AED 395,000AED 904 per sqft

Source: Dubai Land Department. Updated 13 December 2024.

Key facts

Type
Studio apartment
Size
437 sqft
Floor
2nd of 6
Parking
G-39
Developer
MAG
Completed
2020
Service charge
AED 7,500 /yr
Last sold
AED 415K · December 2024
Building
MAG 515

About 217, MAG 515

217 is a studio of 437 sqft on the 2nd floor of MAG 515, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 13 December 2024 for AED 415,000, or AED 949 per sqft, in line with the AED 978 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, renewed on 10 February 2024, is AED 19,000 a year: a gross yield of 4.6% on the 2024 price, before the service charge of about AED 7,500 a year.

Sales and rents for 217 over time

Sales
Unit 217, 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, March 2018: AED 395,000 (AED 904 per sqft)Sold, December 2024: AED 415,000 (AED 949 per sqft)

217 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 217, 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, February 2020: AED 19,000 a yearRenewal, February 2021: AED 19,000 a yearRenewal, February 2022: AED 19,000 a yearRenewal, February 2023: AED 19,000 a yearRenewal, February 2024: AED 19,000 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 217 sits

All 60 studios →

217 last sold in December 2024 at AED 949 per sqft, in line with what studios in MAG 515 were fetching at the time (AED 978). 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. 217's AED 19,000 is at the bottom 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

217, MAG 515 in numbers

  • Sold twice: first on 6 March 2018 for AED 395,000, last on 13 December 2024 for AED 415,000 (AED 949 per sqft).
  • Rented since February 2020 on 5 Ejari contracts, at AED 19,000 a year.
  • At AED 19,000 a year the gross yield on the 2024 price is 4.6%, before a service charge of about AED 7,500 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 13 December 2024.

Questions about 217, MAG 515

What did unit 217 last sell for?

AED 415,000 on 13 December 2024: AED 949 per sqft for 437 sqft. The unit has 2 registered sales; the first was AED 395,000 in March 2018.

What is the rent for unit 217?

AED 19,000 a year on the contract renewed on 10 February 2024. The previous contract, from February 2023, was AED 19,000; the unit has been rented since February 2020.

How big is unit 217?

437 sqft (40.6 sqm): a studio on the 2nd floor of a 6-storey tower completed in 2020.

What is unit 217 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 217, MAG 515

Starts from the last sale price (AED 415K, 13 December 2024). Switch to today's estimate once you have unlocked it.
Price
AED 415,000
Deposit, UAE resident (20%)
AED 83,000
Deposit, non-resident (40%)
AED 166,000
Monthly over 25 years at 3.7%
AED 1,698

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