316, MAG 515
Sold prices and rental history: sold once, by the developer in December 2017, and rented once, from May 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 316, MAG 515
What is 316 worth today?
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Source: Dubai Land Department. Updated 3 May 2026.
Key facts
- Type
- Studio apartment
- Size
- 410 sqft
- Floor
- 3rd of 6
- Parking
- G-62
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 7,000 /yr
- Last sold
- AED 400K · December 2017
- Building
- MAG 515
About 316, MAG 515
316 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 26 December 2017 for AED 400,000, or AED 975 per sqft, 4% above the AED 939 studios in the building were fetching at the time.
One Ejari contract is registered, from 3 May 2026. The current contract, signed on 3 May 2026, is AED 43,000 a year: a gross yield of 10.8% on the 2017 price, before the service charge of about AED 7,000 a year.
Sales and rents for 316 over time
316 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 316 sits
All 60 studios →316 last sold in December 2017 at AED 975 per sqft, 4% above what studios in MAG 515 were fetching at the time (AED 939). 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. 316's AED 43,000 is in the upper 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 | |
| 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 | |
| 315 | Studio | 410 sqft | AED 375KAED 375,000 · Aug 2022August 2022 | 23,000 /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 |
316, MAG 515 in numbers
- Sold once: by MAG on 26 December 2017 for AED 400,000, or AED 975 per sqft.
- Rented since May 2026 on one Ejari contract, at AED 43,000 a year.
- At AED 43,000 a year the gross yield on the 2017 price is 10.8%, 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 3 May 2026.
Questions about 316, MAG 515
What did unit 316 last sell for?
AED 400,000 on 26 December 2017, sold by the developer: AED 975 per sqft for 410 sqft. It is the only registered sale of the unit.
What is the rent for unit 316?
AED 43,000 a year on the contract signed on 3 May 2026.
How big is unit 316?
410 sqft (38.1 sqm): a studio on the 3rd floor of a 6-storey tower completed in 2020.
What is unit 316 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 316, MAG 515
Starts from the last sale price (AED 400K, 26 December 2017). 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 →