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

218, MAG 515

Sold prices and rental history: sold 3 times, last in August 2026, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 218 · DLD and Ejari recordsUpdated 1 October 2026
Last soldAED 475K19 August 2026
Current rentAED 43K /yr1 October 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 218, MAG 515

What is 218 worth today?

Last sold for AED 475,000 in 2026

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1 Oct 2026RentedNew contract
AED 43,000/yr12 months · AED 98 per sqft
19 Aug 2026SoldReady
AED 475,000AED 1,087 per sqft
23 Sep 2024RentedNew contract
AED 48,000/yr12 months · AED 110 per sqft
8 Aug 2024SoldReady
AED 429,999AED 984 per sqft
1 Sep 2023RentedRenewal
AED 20,000/yr12 months · AED 45 per sqft
1 Sep 2022RentedRenewal
AED 19,000/yr12 months · AED 43 per sqft
1 Sep 2021RentedNew contract
AED 19,000/yr12 months · AED 43 per sqft
1 Apr 2021RentedNew contract
AED 18,000/yr12 months · AED 41 per sqft

Source: Dubai Land Department. Updated 1 October 2026.

Key facts

Type
Studio apartment
Size
437 sqft
Floor
2nd of 6
Parking
G-40
Developer
MAG
Completed
2020
Service charge
AED 7,500 /yr
Last sold
AED 475K · August 2026
Building
MAG 515

About 218, MAG 515

218 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 19 August 2026 for AED 475,000, or AED 1,087 per sqft, 9% below the AED 1,201 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 7 Ejari contracts. The current contract, signed on 1 October 2026, is AED 43,000 a year: a gross yield of 9.0% on the 2026 price, before the service charge of about AED 7,500 a year.

Sales and rents for 218 over time

Sales
Unit 218, each saleTypical studio in MAG 515
300K400K500K2017202020232026Typical 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, August 2024: AED 429,999 (AED 984 per sqft)Sold, August 2026: AED 475,000 (AED 1,087 per sqft)

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

Rents
Unit 218, each contractTypical studio in MAG 515
20K40K2020202220242026Typical 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 yearNew contract, April 2021: AED 18,000 a yearNew contract, September 2021: AED 19,000 a yearRenewal, September 2022: AED 19,000 a yearRenewal, September 2023: AED 20,000 a yearNew contract, September 2024: AED 48,000 a yearNew contract, October 2026: AED 43,000 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 218 sits

All 60 studios →

218 last sold in August 2026 at AED 1,087 per sqft, 9% below what studios in MAG 515 were fetching at the time (AED 1,201). 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. 218's AED 43,000 is in the upper half of that range.

Recent studio salesUnit no.Price (AED)Summary
25 Jun 2026480,000
19 Aug 2025525,000
10 Jul 2025460,000
8 Jul 2025410,000
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

218, MAG 515 in numbers

  • Sold 3 times: first on 4 March 2018 for AED 395,000, last on 19 August 2026 for AED 475,000 (AED 1,087 per sqft).
  • Rented since February 2020 on 7 Ejari contracts, from AED 19,000 to AED 43,000 a year.
  • At AED 43,000 a year the gross yield on the 2026 price is 9.0%, 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 1 October 2026.

Questions about 218, MAG 515

What did unit 218 last sell for?

AED 475,000 on 19 August 2026: AED 1,087 per sqft for 437 sqft. The unit has 3 registered sales; the first was AED 395,000 in March 2018.

What is the rent for unit 218?

AED 43,000 a year on the contract signed on 1 October 2026. The previous contract, from September 2024, was AED 48,000; the unit has been rented since February 2020.

How big is unit 218?

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

What is unit 218 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 218, MAG 515

Starts from the last sale price (AED 475K, 19 August 2026). Switch to today's estimate once you have unlocked it.
Price
AED 475,000
Deposit, UAE resident (20%)
AED 95,000
Deposit, non-resident (40%)
AED 190,000
Monthly over 25 years at 3.7%
AED 1,943

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