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Studio · 360 sqftMAG 515, Dubai South · 2nd floor · completed 2020

221, MAG 515

Sold prices and rental history: sold 3 times, last in September 2022, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 221 · DLD and Ejari recordsUpdated 20 April 2026
Last soldAED 260K12 September 2022
Current rentAED 40K /yr20 April 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 221, MAG 515

What is 221 worth today?

Last sold for AED 260,000 in 2022

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20 Apr 2026RentedNew contract
AED 40,000/yr12 months · AED 111 per sqft
1 Apr 2025RentedNew contract
AED 41,000/yr12 months · AED 114 per sqft
1 Mar 2024RentedNew contract
AED 35,000/yr12 months · AED 97 per sqft
23 Dec 2022RentedNew contract
AED 27,000/yr12 months · AED 75 per sqft
12 Sep 2022SoldReady
AED 260,000AED 722 per sqft
6 Jun 2022SoldReady
AED 250,000AED 694 per sqft
26 Sep 2017Sold by developerOff-plan
AED 355,000AED 985 per sqft

Source: Dubai Land Department. Updated 20 April 2026.

Key facts

Type
Studio apartment
Size
360 sqft
Floor
2nd of 6
Parking
G-43
Developer
MAG
Completed
2020
Service charge
AED 6,100 /yr
Last sold
AED 260K · September 2022
Building
MAG 515

About 221, MAG 515

221 is a studio of 360 sqft on the 2nd floor of MAG 515, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 12 September 2022 for AED 260,000, or AED 722 per sqft, in line with the AED 708 studios in the building were fetching at the time.

It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, signed on 20 April 2026, is AED 40,000 a year: a gross yield of 15.4% on the 2022 price, before the service charge of about AED 6,100 a year.

Sales and rents for 221 over time

Sales
Unit 221, 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 355,000 (AED 985 per sqft)Sold, June 2022: AED 250,000 (AED 694 per sqft)Sold, September 2022: AED 260,000 (AED 722 per sqft)

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

Rents
Unit 221, 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, December 2022: AED 27,000 a yearNew contract, March 2024: AED 35,000 a yearNew contract, April 2025: AED 41,000 a yearNew contract, April 2026: 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 221 sits

All 60 studios →

221 last sold in September 2022 at AED 722 per sqft, in line with what studios in MAG 515 were fetching at the time (AED 708). 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. 221'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

221, MAG 515 in numbers

  • Sold 3 times: first on 26 September 2017 for AED 355,000, last on 12 September 2022 for AED 260,000 (AED 722 per sqft).
  • Rented since December 2022 on 4 Ejari contracts, from AED 27,000 to AED 40,000 a year.
  • At AED 40,000 a year the gross yield on the 2022 price is 15.4%, before a service charge of about AED 6,100 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 20 April 2026.

Questions about 221, MAG 515

What did unit 221 last sell for?

AED 260,000 on 12 September 2022: AED 722 per sqft for 360 sqft. The unit has 3 registered sales; the first was AED 355,000 in September 2017.

What is the rent for unit 221?

AED 40,000 a year on the contract signed on 20 April 2026. The previous contract, from April 2025, was AED 41,000; the unit has been rented since December 2022.

How big is unit 221?

360 sqft (33.4 sqm): a studio on the 2nd floor of a 6-storey tower completed in 2020.

What is unit 221 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 221, MAG 515

Starts from the last sale price (AED 260K, 12 September 2022). Switch to today's estimate once you have unlocked it.
Price
AED 260,000
Deposit, UAE resident (20%)
AED 52,000
Deposit, non-resident (40%)
AED 104,000
Monthly over 25 years at 3.7%
AED 1,064

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