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Studio · 410 sqftMAG 515, Dubai South · 4th floor · completed 2020

415, MAG 515

Sold prices and rental history: sold once, by the developer in February 2018, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 415 · DLD and Ejari recordsUpdated 20 December 2025
Last soldAED 373K14 February 2018
Current rentAED 42K /yr20 December 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 415, MAG 515

What is 415 worth today?

Last sold for AED 373,000 in 2018

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20 Dec 2025RentedNew contract
AED 42,000/yr12 months · AED 102 per sqft
5 Oct 2024RentedRenewal
AED 30,800/yr12 months · AED 75 per sqft
5 Oct 2023RentedNew contract
AED 28,000/yr12 months · AED 68 per sqft
24 Sep 2022RentedNew contract
AED 22,000/yr12 months · AED 54 per sqft
1 Mar 2020RentedNew contract
AED 22,000/yr12 months · AED 54 per sqft
14 Feb 2018Sold by developerOff-plan
AED 373,000AED 910 per sqft

Source: Dubai Land Department. Updated 20 December 2025.

Key facts

Type
Studio apartment
Size
410 sqft
Floor
4th of 6
Parking
G-84
Developer
MAG
Completed
2020
Service charge
AED 7,000 /yr
Last sold
AED 373K · February 2018
Building
MAG 515

About 415, MAG 515

415 is a studio of 410 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 14 February 2018 for AED 373,000, or AED 910 per sqft, 3% below the AED 939 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 20 December 2025, is AED 42,000 a year: a gross yield of 11.3% on the 2018 price, before the service charge of about AED 7,000 a year.

Sales and rents for 415 over time

Sales
Unit 415, 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, February 2018: AED 373,000 (AED 910 per sqft)

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

Rents
Unit 415, each contractTypical studio in MAG 515
20K40K2020202220242026Typical 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, March 2020: AED 22,000 a yearNew contract, September 2022: AED 22,000 a yearNew contract, October 2023: AED 28,000 a yearRenewal, October 2024: AED 30,800 a yearNew contract, December 2025: AED 42,000 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 415 sits

All 60 studios →

415 last sold in February 2018 at AED 910 per sqft, 3% below 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. 415's AED 42,000 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 4th floor

All 132 units in MAG 515
Value
4011-bedAED 595K · Jul 2024
402StudioAED 460K · Jul 2025
403StudioAED 335K · Apr 2018
4041-bedAED 483K · Sep 2018
4052-bedAED 469K · Jul 2021
4061-bedAED 440K · May 2019
407StudioAED 355K · Oct 2017
1–7 of 21

415, MAG 515 in numbers

  • Sold once: by MAG on 14 February 2018 for AED 373,000, or AED 910 per sqft.
  • Rented since March 2020 on 5 Ejari contracts, from AED 22,000 to AED 42,000 a year.
  • At AED 42,000 a year the gross yield on the 2018 price is 11.3%, 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 20 December 2025.

Questions about 415, MAG 515

What did unit 415 last sell for?

AED 373,000 on 14 February 2018, sold by the developer: AED 910 per sqft for 410 sqft. It is the only registered sale of the unit.

What is the rent for unit 415?

AED 42,000 a year on the contract signed on 20 December 2025. The previous contract, from October 2024, was AED 30,800; the unit has been rented since March 2020.

How big is unit 415?

410 sqft (38.1 sqm): a studio on the 4th floor of a 6-storey tower completed in 2020.

What is unit 415 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 415, MAG 515

Starts from the last sale price (AED 373K, 14 February 2018). Switch to today's estimate once you have unlocked it.
Price
AED 373,000
Deposit, UAE resident (20%)
AED 74,600
Deposit, non-resident (40%)
AED 149,200
Monthly over 25 years at 3.7%
AED 1,526

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