307, 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.
Property timeline for 307, MAG 515
What is 307 worth today?
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Source: Dubai Land Department. Updated 13 July 2026.
Key facts
- Type
- Studio apartment
- Size
- 387 sqft
- Floor
- 3rd of 6
- Parking
- G-53
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 6,600 /yr
- Last sold
- AED 400K · December 2024
- Building
- MAG 515
About 307, MAG 515
307 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. It last sold on 4 December 2024 for AED 400,000, or AED 1,033 per sqft, 5% above the AED 984 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 13 July 2026, is AED 36,000 a year: a gross yield of 9.0% on the 2024 price, before the service charge of about AED 6,600 a year.
Sales and rents for 307 over time
307 has sold twice; the dashed line is the studio median of each year in the building.
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 307 sits
All 60 studios →307 last sold in December 2024 at AED 1,033 per sqft, 5% above what studios in MAG 515 were fetching at the time (AED 984). 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. 307's AED 36,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 19 Aug 202619 August 2026 | 437 sqft | 475,000 | 1,087 | ||
| 25 Jun 202625 June 2026 | 360 sqft | 480,000 | 1,333 | ||
| 19 Aug 202519 August 2025 | 437 sqft | 525,000 | 1,201 | ||
| 10 Jul 202510 July 2025 | 387 sqft | 460,000 | 1,188 |
MAG 515
Building132 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%
Other units on the 3rd floor
All 132 units in MAG 515| ValueToday's value | |||||
|---|---|---|---|---|---|
| 301 | 1-bed | 628 sqft | AED 490KAED 490,000 · May 2024May 2024 | 45,000 /yr | |
| 302 | Studio | 387 sqft | AED 390KAED 390,000 · Jan 2018January 2018 | 27,500 /yr | |
| 303 | Studio | 365 sqft | AED 415KAED 415,000 · May 2025May 2025 | 35,000 /yr | |
| 304 | 1-bed | 478 sqft | AED 470KAED 470,250 · Sep 2018September 2018 | 39,893 /yr | |
| 305 | 2-bed | 669 sqft | AED 725KAED 725,000 · Feb 2026February 2026 | 60,000 /yr | |
| 306 | 1-bed | 483 sqft | AED 448KAED 447,700 · Mar 2018March 2018 | 50,000 /yr | |
| 308 | Studio | 347 sqft | AED 270KAED 270,000 · Apr 2023April 2023 | 25,000 /yr | |
| 309 | 1-bed | 478 sqft | AED 540KAED 540,000 · Apr 2025April 2025 | 55,000 /yr | |
| 310 | 2-bed | 666 sqft | AED 730KAED 730,000 · Jul 2026July 2026 | 67,000 /yr | |
| 311 | 1-bed | 483 sqft | AED 590KAED 590,000 · Aug 2026August 2026 | 33,000 /yr | |
| 312 | 1-bed | 656 sqft | AED 555KAED 555,000 · Sep 2018September 2018 | 41,000 /yr | |
| 313 | 1-bed | 622 sqft | AED 515KAED 515,234 · Nov 2017November 2017 | 60,000 /yr | |
| 314 | 1-bed | 638 sqft | AED 584KAED 584,000 · Aug 2017August 2017 | 23,000 /yr | |
| 315 | Studio | 410 sqft | AED 375KAED 375,000 · Aug 2022August 2022 | 23,000 /yr | |
| 316 | Studio | 410 sqft | AED 400KAED 400,000 · Dec 2017December 2017 | 43,000 /yr | |
| 317 | Studio | 437 sqft | AED 320KAED 320,000 · May 2019May 2019 | 34,000 /yr | |
| 318 | Studio | 437 sqft | AED 405KAED 405,000 · Oct 2017October 2017 | 26,500 /yr | |
| 319 | 1-bed | 514 sqft | AED 500KAED 500,000 · Jul 2019July 2019 | 47,000 /yr | |
| 320 | 1-bed | 514 sqft | AED 25KAED 24,754 · Aug 2026August 2026 | 45,000 /yr | |
| 321 | Studio | 360 sqft | AED 355KAED 355,000 · Sep 2017September 2017 | 38,000 /yr | |
| 322 | Studio | 360 sqft | AED 355KAED 355,000 · Sep 2017September 2017 | 40,000 /yr |
307, MAG 515 in numbers
- Sold twice: first on 13 November 2017 for AED 380,000, last on 4 December 2024 for AED 400,000 (AED 1,033 per sqft).
- Rented since September 2020 on 6 Ejari contracts, from AED 16,000 to AED 36,000 a year.
- At AED 36,000 a year the gross yield on the 2024 price is 9.0%, 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 13 July 2026.
Questions about 307, MAG 515
What did unit 307 last sell for?
AED 400,000 on 4 December 2024: AED 1,033 per sqft for 387 sqft. The unit has 2 registered sales; the first was AED 380,000 in November 2017.
What is the rent for unit 307?
AED 36,000 a year on the contract signed on 13 July 2026. The previous contract, from December 2025, was AED 40,000; the unit has been rented since September 2020.
How big is unit 307?
387 sqft (36.0 sqm): a studio on the 3rd floor of a 6-storey tower completed in 2020.
What is unit 307 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 307, MAG 515
Starts from the last sale price (AED 400K, 4 December 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 400,000
- Deposit, UAE resident (20%)
- AED 80,000
- Deposit, non-resident (40%)
- AED 160,000
- Monthly over 25 years at 3.7%
- AED 1,637
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →