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Studio · 360 sqftMAG 515, Dubai South · 3rd floor · completed 2020

322, MAG 515

Sold prices and rental history: sold once, by the developer in September 2017, and rented continuously since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 322 · DLD and Ejari recordsUpdated 1 August 2026
Last soldAED 355K26 September 2017
Current rentAED 40K /yr1 August 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 322, MAG 515

What is 322 worth today?

Last sold for AED 355,000 in 2017

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1 Aug 2026RentedRenewal
AED 40,000/yr12 months · AED 113 per sqft
1 Aug 2025RentedRenewal
AED 40,000/yr12 months · AED 113 per sqft
1 Aug 2024RentedNew contract
AED 38,000/yr12 months · AED 107 per sqft
1 Aug 2023RentedNew contract
AED 30,000/yr12 months · AED 84 per sqft
26 Sep 2017Sold by developerOff-plan
AED 355,000AED 985 per sqft

Source: Dubai Land Department. Updated 1 August 2026.

Key facts

Type
Studio apartment
Size
360 sqft
Floor
3rd of 6
Parking
G-68
Developer
MAG
Completed
2020
Service charge
AED 6,100 /yr
Last sold
AED 355K · September 2017
Building
MAG 515

About 322, MAG 515

322 is a studio of 360 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 September 2017 for AED 355,000, or AED 985 per sqft, 3% above the AED 956 studios in the building were fetching at the time.

It has been rented continuously since 2023 on 4 Ejari contracts. The current contract, renewed on 1 August 2026, is AED 40,000 a year: a gross yield of 11.3% on the 2017 price, before the service charge of about AED 6,100 a year.

Sales and rents for 322 over time

Sales
Unit 322, 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, September 2017: AED 355,000 (AED 985 per sqft)

322 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 322, 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, August 2023: AED 30,000 a yearNew contract, August 2024: AED 38,000 a yearRenewal, August 2025: AED 40,000 a yearRenewal, August 2026: AED 40,000 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 322 sits

All 60 studios →

322 last sold in September 2017 at AED 985 per sqft, 3% above what studios in MAG 515 were fetching at the time (AED 956). 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. 322's AED 40,000 is in the upper 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

322, MAG 515 in numbers

  • Sold once: by MAG on 26 September 2017 for AED 355,000, or AED 985 per sqft.
  • Rented since August 2023 on 4 Ejari contracts, from AED 30,000 to AED 40,000 a year.
  • At AED 40,000 a year the gross yield on the 2017 price is 11.3%, before a service charge of about AED 6,100 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 322, MAG 515

What did unit 322 last sell for?

AED 355,000 on 26 September 2017, sold by the developer: AED 985 per sqft for 360 sqft. It is the only registered sale of the unit.

What is the rent for unit 322?

AED 40,000 a year on the contract renewed on 1 August 2026. The previous contract, from August 2025, was AED 40,000; the unit has been rented since August 2023.

How big is unit 322?

360 sqft (33.4 sqm): a studio on the 3rd floor of a 6-storey tower completed in 2020.

What is unit 322 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 322, MAG 515

Starts from the last sale price (AED 355K, 26 September 2017). Switch to today's estimate once you have unlocked it.
Price
AED 355,000
Deposit, UAE resident (20%)
AED 71,000
Deposit, non-resident (40%)
AED 142,000
Monthly over 25 years at 3.7%
AED 1,452

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