402, MAG 515
Sold prices and rental history: sold twice, last in July 2025, 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 402, MAG 515
What is 402 worth today?
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Source: Dubai Land Department. Updated 1 December 2025.
Key facts
- Type
- Studio apartment
- Size
- 387 sqft
- Floor
- 4th of 6
- Parking
- G-70
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 6,600 /yr
- Last sold
- AED 460K · July 2025
- Building
- MAG 515
About 402, MAG 515
402 is a studio of 387 sqft on the 4th floor of MAG 515, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 10 July 2025 for AED 460,000, or AED 1,188 per sqft, 16% above the AED 1,028 studios in the building were fetching at the time.
It has been rented continuously since 2020 on 8 Ejari contracts. The current contract, signed on 1 December 2025, is AED 42,000 a year: a gross yield of 9.1% on the 2025 price, before the service charge of about AED 6,600 a year.
Sales and rents for 402 over time
402 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 402 sits
All 60 studios →402 last sold in July 2025 at AED 1,188 per sqft, 16% above what studios in MAG 515 were fetching at the time (AED 1,028). 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. 402's AED 42,000 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 | ||
| 8 Jul 20258 July 2025 | 437 sqft | 410,000 | 938 |
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 4th floor
All 132 units in MAG 515| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 628 sqft | AED 595KAED 595,000 · Jul 2024July 2024 | 58,000 /yr | |
| 403 | Studio | 365 sqft | AED 335KAED 335,000 · Apr 2018April 2018 | 31,000 /yr | |
| 404 | 1-bed | 478 sqft | AED 483KAED 482,600 · Sep 2018September 2018 | 38,500 /yr | |
| 405 | 2-bed | 669 sqft | AED 469KAED 469,388 · Jul 2021July 2021 | 54,853 /yr | |
| 406 | 1-bed | 483 sqft | AED 440KAED 440,000 · May 2019May 2019 | 45,000 /yr | |
| 407 | Studio | 387 sqft | AED 355KAED 355,000 · Oct 2017October 2017 | ||
| 408 | Studio | 347 sqft | AED 320KAED 320,000 · Aug 2017August 2017 | 26,000 /yr | |
| 409 | 1-bed | 478 sqft | AED 515KAED 515,000 · Jan 2025January 2025 | 37,500 /yr | |
| 410 | 2-bed | 666 sqft | AED 550KAED 550,000 · Apr 2019April 2019 | 60,000 /yr | |
| 411 | 1-bed | 483 sqft | AED 400KAED 400,000 · Jul 2017July 2017 | 50,000 /yr | |
| 412 | 1-bed | 656 sqft | AED 580KAED 580,000 · Sep 2017September 2017 | 44,000 /yr | |
| 413 | 1-bed | 622 sqft | AED 540KAED 540,000 · Dec 2017December 2017 | 38,600 /yr | |
| 414 | 1-bed | 638 sqft | AED 450KAED 450,000 · Sep 2023September 2023 | 37,000 /yr | |
| 415 | Studio | 410 sqft | AED 373KAED 373,000 · Feb 2018February 2018 | 42,000 /yr | |
| 416 | Studio | 410 sqft | AED 375KAED 375,000 · Dec 2017December 2017 | 36,000 /yr | |
| 417 | Studio | 437 sqft | AED 395KAED 395,000 · Feb 2018February 2018 | 38,000 /yr | |
| 418 | Studio | 437 sqft | AED 525KAED 525,000 · Aug 2025August 2025 | 40,000 /yr | |
| 419 | 1-bed | 514 sqft | AED 550KAED 550,000 · Aug 2024August 2024 | 33,000 /yr | |
| 420 | 1-bed | 514 sqft | AED 440KAED 440,000 · Oct 2017October 2017 | 50,000 /yr | |
| 421 | Studio | 360 sqft | AED 399KAED 399,000 · Jul 2024July 2024 | 43,200 /yr | |
| 422 | Studio | 360 sqft | AED 365KAED 365,000 · Aug 2017August 2017 | 35,903 /yr |
402, MAG 515 in numbers
- Sold twice: first on 10 August 2017 for AED 353,776, last on 10 July 2025 for AED 460,000 (AED 1,188 per sqft).
- Rented since June 2020 on 8 Ejari contracts. The rent fell from AED 20,000 to AED 17,000 in 2021 and recovered to AED 42,000 by December 2025.
- At AED 42,000 a year the gross yield on the 2025 price is 9.1%, 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 1 December 2025.
Questions about 402, MAG 515
What did unit 402 last sell for?
AED 460,000 on 10 July 2025: AED 1,188 per sqft for 387 sqft. The unit has 2 registered sales; the first was AED 353,776 in August 2017.
What is the rent for unit 402?
AED 42,000 a year on the contract signed on 1 December 2025. The previous contract, from October 2025, was AED 42,000; the unit has been rented since June 2020.
How big is unit 402?
387 sqft (36.0 sqm): a studio on the 4th floor of a 6-storey tower completed in 2020.
What is unit 402 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 402, MAG 515
Starts from the last sale price (AED 460K, 10 July 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 460,000
- Deposit, UAE resident (20%)
- AED 92,000
- Deposit, non-resident (40%)
- AED 184,000
- Monthly over 25 years at 3.7%
- AED 1,882
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →