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Studio · 437 sqftMAG 515, Dubai South · 3rd floor · completed 2020

317, MAG 515

Sold prices and rental history: sold twice, last in May 2019, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 317 · DLD and Ejari recordsUpdated 12 June 2025
Last soldAED 320K16 May 2019
Current rentAED 34K /yr12 June 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 317, MAG 515

What is 317 worth today?

Last sold for AED 320,000 in 2019

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12 Jun 2025RentedRenewal
AED 34,000/yr12 months · AED 79 per sqft
12 Jun 2024RentedRenewal
AED 31,000/yr12 months · AED 72 per sqft
12 Jun 2023RentedRenewal
AED 25,000/yr12 months · AED 58 per sqft
12 Jun 2022RentedNew contract
AED 22,000/yr12 months · AED 51 per sqft
1 Jan 2021RentedRenewal
AED 22,000/yr12 months · AED 50 per sqft
1 Jan 2020RentedNew contract
AED 22,000/yr12 months · AED 50 per sqft
16 May 2019SoldOff-plan
AED 320,000AED 732 per sqft
2 Oct 2018Sold by developerOff-plan
AED 391,050AED 895 per sqft

Source: Dubai Land Department. Updated 12 June 2025.

Key facts

Type
Studio apartment
Size
437 sqft
Floor
3rd of 6
Parking
G-63
Developer
MAG
Completed
2020
Service charge
AED 7,500 /yr
Last sold
AED 320K · May 2019
Building
MAG 515

About 317, MAG 515

317 is a studio of 437 sqft on the 3rd floor of MAG 515, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 16 May 2019 for AED 320,000, or AED 732 per sqft, 21% below the AED 925 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 6 Ejari contracts. The current contract, renewed on 12 June 2025, is AED 34,000 a year: a gross yield of 10.6% on the 2019 price, before the service charge of about AED 7,500 a year.

Sales and rents for 317 over time

Sales
Unit 317, 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 391,050 (AED 895 per sqft)Sold, May 2019: AED 320,000 (AED 732 per sqft)

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

Rents
Unit 317, each contractTypical studio in MAG 515
20K30K40K2020202220242026Typical 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, January 2020: AED 22,000 a yearRenewal, January 2021: AED 22,000 a yearNew contract, June 2022: AED 22,000 a yearRenewal, June 2023: AED 25,000 a yearRenewal, June 2024: AED 31,000 a yearRenewal, June 2025: AED 34,000 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 317 sits

All 60 studios →

317 last sold in May 2019 at AED 732 per sqft, 21% below what studios in MAG 515 were fetching at the time (AED 925). 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. 317's AED 34,000 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
303StudioAED 415K · May 2025
3041-bedAED 470K · Sep 2018
3052-bedAED 725K · Feb 2026
3061-bedAED 448K · Mar 2018
307StudioAED 400K · Dec 2024
1–7 of 21

317, MAG 515 in numbers

  • Sold twice: first on 2 October 2018 for AED 391,050, last on 16 May 2019 for AED 320,000 (AED 732 per sqft).
  • Rented since January 2020 on 6 Ejari contracts, from AED 22,000 to AED 34,000 a year.
  • At AED 34,000 a year the gross yield on the 2019 price is 10.6%, before a service charge of about AED 7,500 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 12 June 2025.

Questions about 317, MAG 515

What did unit 317 last sell for?

AED 320,000 on 16 May 2019: AED 732 per sqft for 437 sqft. The unit has 2 registered sales; the first was AED 391,050 in October 2018.

What is the rent for unit 317?

AED 34,000 a year on the contract renewed on 12 June 2025. The previous contract, from June 2024, was AED 31,000; the unit has been rented since January 2020.

How big is unit 317?

437 sqft (40.6 sqm): a studio on the 3rd floor of a 6-storey tower completed in 2020.

What is unit 317 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 317, MAG 515

Starts from the last sale price (AED 320K, 16 May 2019). Switch to today's estimate once you have unlocked it.
Price
AED 320,000
Deposit, UAE resident (20%)
AED 64,000
Deposit, non-resident (40%)
AED 128,000
Monthly over 25 years at 3.7%
AED 1,309

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