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Studio · 387 sqftMAG 515, Dubai South · 3rd floor · completed 2020

302, MAG 515

Sold prices and rental history: sold once, by the developer in January 2018, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 302 · DLD and Ejari recordsUpdated 10 February 2026
Last soldAED 390K7 January 2018
Current rentAED 28K /yr10 February 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 302, MAG 515

What is 302 worth today?

Last sold for AED 390,000 in 2018

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10 Feb 2026RentedNew contract
AED 27,500/yr12 months · AED 71 per sqft
9 Feb 2025RentedRenewal
AED 24,497/yr12 months · AED 65 per sqft
10 Feb 2023RentedRenewal
AED 19,500/yr12 months · AED 52 per sqft
10 Feb 2022RentedRenewal
AED 18,500/yr12 months · AED 49 per sqft
10 Feb 2021RentedRenewal
AED 17,000/yr12 months · AED 45 per sqft
10 Feb 2020RentedNew contract
AED 20,000/yr12 months · AED 52 per sqft
7 Jan 2018Sold by developerOff-plan
AED 390,000AED 1,007 per sqft

Source: Dubai Land Department. Updated 10 February 2026.

Key facts

Type
Studio apartment
Size
387 sqft
Floor
3rd of 6
Parking
G-97
Developer
MAG
Completed
2020
Service charge
AED 6,600 /yr
Last sold
AED 390K · January 2018
Building
MAG 515

About 302, MAG 515

302 is a studio of 387 sqft on the 3rd floor of MAG 515, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 7 January 2018 for AED 390,000, or AED 1,007 per sqft, 4% above the AED 972 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 6 Ejari contracts. The current contract, signed on 10 February 2026, is AED 27,500 a year: a gross yield of 7.0% on the 2018 price, before the service charge of about AED 6,600 a year.

Sales and rents for 302 over time

Sales
Unit 302, 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, January 2018: AED 390,000 (AED 1,007 per sqft)

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

Rents
Unit 302, 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 20,000 a yearRenewal, February 2021: AED 17,000 a yearRenewal, February 2022: AED 18,500 a yearRenewal, February 2023: AED 19,500 a yearRenewal, February 2025: AED 24,497 a yearNew contract, February 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 302 sits

All 60 studios →

302 last sold in January 2018 at AED 1,007 per sqft, 4% above what studios in MAG 515 were fetching at the time (AED 972). 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. 302'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 3rd floor

All 132 units in MAG 515
Value
3011-bedAED 490K · May 2024
303StudioAED 415K · May 2025
3041-bedAED 470K · Sep 2018
3052-bedAED 725K · Feb 2026
3061-bedAED 448K · Mar 2018
307StudioAED 400K · Dec 2024
308StudioAED 270K · Apr 2023
1–7 of 21

302, MAG 515 in numbers

  • Sold once: by MAG on 7 January 2018 for AED 390,000, or AED 1,007 per sqft.
  • Rented since February 2020 on 6 Ejari contracts. The rent fell from AED 20,000 to AED 17,000 in 2021 and recovered to AED 27,500 by February 2026.
  • At AED 27,500 a year the gross yield on the 2018 price is 7.0%, before a service charge of about AED 6,600 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 10 February 2026.

Questions about 302, MAG 515

What did unit 302 last sell for?

AED 390,000 on 7 January 2018, sold by the developer: AED 1,007 per sqft for 387 sqft. It is the only registered sale of the unit.

What is the rent for unit 302?

AED 27,500 a year on the contract signed on 10 February 2026. The previous contract, from February 2025, was AED 24,497; the unit has been rented since February 2020.

How big is unit 302?

387 sqft (36.0 sqm): a studio on the 3rd floor of a 6-storey tower completed in 2020.

What is unit 302 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 302, MAG 515

Starts from the last sale price (AED 390K, 7 January 2018). Switch to today's estimate once you have unlocked it.
Price
AED 390,000
Deposit, UAE resident (20%)
AED 78,000
Deposit, non-resident (40%)
AED 156,000
Monthly over 25 years at 3.7%
AED 1,596

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