315, MAG 515
Sold prices and rental history: sold once, by the developer in August 2022, and rented once, from December 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 315, MAG 515
What is 315 worth today?
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Source: Dubai Land Department. Updated 1 December 2022.
Key facts
- Type
- Studio apartment
- Size
- 410 sqft
- Floor
- 3rd of 6
- Parking
- G-61
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 7,000 /yr
- Last sold
- AED 375K · August 2022
- Building
- MAG 515
About 315, MAG 515
315 is a studio of 410 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 3 August 2022 for AED 375,000, or AED 915 per sqft, 32% above the AED 694 studios in the building were fetching at the time.
One Ejari contract is registered, from 1 December 2022. The current contract, signed on 1 December 2022, is AED 23,000 a year: a gross yield of 6.1% on the 2022 price, before the service charge of about AED 7,000 a year.
Sales and rents for 315 over time
315 has sold once; 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 315 sits
All 60 studios →315 last sold in August 2022 at AED 915 per sqft, 32% above what studios in MAG 515 were fetching at the time (AED 694). 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. 315's AED 23,000 is at the bottom 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 | |
| 307 | Studio | 387 sqft | AED 400KAED 400,000 · Dec 2024December 2024 | 36,000 /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 | |
| 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 |
315, MAG 515 in numbers
- Sold once: by MAG on 3 August 2022 for AED 375,000, or AED 915 per sqft.
- Rented since December 2022 on one Ejari contract, at AED 23,000 a year.
- At AED 23,000 a year the gross yield on the 2022 price is 6.1%, before a service charge of about AED 7,000 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 December 2022.
Questions about 315, MAG 515
What did unit 315 last sell for?
AED 375,000 on 3 August 2022, sold by the developer: AED 915 per sqft for 410 sqft. It is the only registered sale of the unit.
What is the rent for unit 315?
AED 23,000 a year on the contract signed on 1 December 2022.
How big is unit 315?
410 sqft (38.1 sqm): a studio on the 3rd floor of a 6-storey tower completed in 2020.
What is unit 315 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 315, MAG 515
Starts from the last sale price (AED 375K, 3 August 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 375,000
- Deposit, UAE resident (20%)
- AED 75,000
- Deposit, non-resident (40%)
- AED 150,000
- Monthly over 25 years at 3.7%
- AED 1,534
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →