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Studio · 365 sqftMAG 515, Dubai South · 3rd floor · completed 2020

303, MAG 515

Sold prices and rental history: sold twice, last in May 2025, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 303 · DLD and Ejari recordsUpdated 1 August 2026
Last soldAED 415K7 May 2025
Current rentAED 35K /yr1 August 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 303, MAG 515

What is 303 worth today?

Last sold for AED 415,000 in 2025

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1 Aug 2026RentedNew contract
AED 35,000/yr12 months · AED 96 per sqft
11 Jun 2025RentedNew contract
AED 38,000/yr12 months · AED 104 per sqft
11 Jun 2025RentedNew contract
AED 38,000/yr12 months · AED 104 per sqft
7 May 2025SoldReady
AED 415,000AED 1,136 per sqft
15 Jul 2024RentedRenewal
AED 27,900/yr12 months · AED 79 per sqft
15 Jul 2023RentedRenewal
AED 19,200/yr12 months · AED 54 per sqft
15 Jul 2022RentedRenewal
AED 18,600/yr12 months · AED 52 per sqft
15 Jul 2021RentedNew contract
AED 15,500/yr12 months · AED 42 per sqft

Source: Dubai Land Department. Updated 1 August 2026.

Key facts

Type
Studio apartment
Size
365 sqft
Floor
3rd of 6
Parking
G-79
Developer
MAG
Completed
2020
Service charge
AED 6,200 /yr
Last sold
AED 415K · May 2025
Building
MAG 515

About 303, MAG 515

303 is a studio of 365 sqft on the 3rd floor of MAG 515, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 7 May 2025 for AED 415,000, or AED 1,136 per sqft, 13% above the AED 1,004 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 8 Ejari contracts. The current contract, signed on 1 August 2026, is AED 35,000 a year: a gross yield of 8.4% on the 2025 price, before the service charge of about AED 6,200 a year.

Sales and rents for 303 over time

Sales
Unit 303, 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, October 2018: AED 345,000 (AED 945 per sqft)Sold, May 2025: AED 415,000 (AED 1,136 per sqft)

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

Rents
Unit 303, 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, June 2020: AED 16,000 a yearNew contract, July 2021: AED 15,500 a yearRenewal, July 2022: AED 18,600 a yearRenewal, July 2023: AED 19,200 a yearRenewal, July 2024: AED 27,900 a yearNew contract, June 2025: AED 38,000 a yearNew contract, June 2025: AED 38,000 a yearNew contract, August 2026: AED 35,000 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 303 sits

All 60 studios →

303 last sold in May 2025 at AED 1,136 per sqft, 13% above what studios in MAG 515 were fetching at the time (AED 1,004). 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. 303's AED 35,000 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
302StudioAED 390K · Jan 2018
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

303, MAG 515 in numbers

  • Sold twice: first on 16 October 2018 for AED 345,000, last on 7 May 2025 for AED 415,000 (AED 1,136 per sqft).
  • Rented since June 2020 on 8 Ejari contracts, from AED 16,000 to AED 35,000 a year.
  • At AED 35,000 a year the gross yield on the 2025 price is 8.4%, before a service charge of about AED 6,200 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 August 2026.

Questions about 303, MAG 515

What did unit 303 last sell for?

AED 415,000 on 7 May 2025: AED 1,136 per sqft for 365 sqft. The unit has 2 registered sales; the first was AED 345,000 in October 2018.

What is the rent for unit 303?

AED 35,000 a year on the contract signed on 1 August 2026. The previous contract, from June 2025, was AED 38,000; the unit has been rented since June 2020.

How big is unit 303?

365 sqft (33.9 sqm): a studio on the 3rd floor of a 6-storey tower completed in 2020.

What is unit 303 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 303, MAG 515

Starts from the last sale price (AED 415K, 7 May 2025). 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 →