403, MAG 515
Sold prices and rental history: sold once, by the developer in April 2018, 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 403, MAG 515
What is 403 worth today?
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Source: Dubai Land Department. Updated 19 April 2024.
Key facts
- Type
- Studio apartment
- Size
- 365 sqft
- Floor
- 4th of 6
- Parking
- G-71
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 6,200 /yr
- Last sold
- AED 335K · April 2018
- Building
- MAG 515
About 403, MAG 515
403 is a studio of 365 sqft on the 4th floor of MAG 515, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 4 April 2018 for AED 335,000, or AED 917 per sqft, in line with the AED 924 studios in the building were fetching at the time.
It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, signed on 19 April 2024, is AED 31,000 a year: a gross yield of 9.3% on the 2018 price, before the service charge of about AED 6,200 a year.
Sales and rents for 403 over time
403 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 403 sits
All 60 studios →403 last sold in April 2018 at AED 917 per sqft, in line with what studios in MAG 515 were fetching at the time (AED 924). 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. 403's AED 31,000 is in the lower 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 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 | |
| 402 | Studio | 387 sqft | AED 460KAED 460,000 · Jul 2025July 2025 | 42,000 /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 |
403, MAG 515 in numbers
- Sold once: by MAG on 4 April 2018 for AED 335,000, or AED 917 per sqft.
- Rented since April 2020 on 5 Ejari contracts, from AED 18,000 to AED 31,000 a year.
- At AED 31,000 a year the gross yield on the 2018 price is 9.3%, before a service charge of about AED 6,200 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 19 April 2024.
Questions about 403, MAG 515
What did unit 403 last sell for?
AED 335,000 on 4 April 2018, sold by the developer: AED 917 per sqft for 365 sqft. It is the only registered sale of the unit.
What is the rent for unit 403?
AED 31,000 a year on the contract signed on 19 April 2024. The previous contract, from April 2023, was AED 20,000; the unit has been rented since April 2020.
How big is unit 403?
365 sqft (33.9 sqm): a studio on the 4th floor of a 6-storey tower completed in 2020.
What is unit 403 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 403, MAG 515
Starts from the last sale price (AED 335K, 4 April 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 335,000
- Deposit, UAE resident (20%)
- AED 67,000
- Deposit, non-resident (40%)
- AED 134,000
- Monthly over 25 years at 3.7%
- AED 1,371
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →