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Studio · 437 sqftMAG 515, Dubai South · 4th floor · completed 2020

417, MAG 515

Sold prices and rental history: sold once, by the developer in February 2018, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 417 · DLD and Ejari recordsUpdated 23 December 2024
Last soldAED 395K14 February 2018
Current rentAED 38K /yr23 December 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 417, MAG 515

What is 417 worth today?

Last sold for AED 395,000 in 2018

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23 Dec 2024RentedNew contract
AED 38,000/yr12 months · AED 86 per sqft
1 Dec 2023RentedRenewal
AED 21,000/yr12 months · AED 48 per sqft
1 Dec 2022RentedNew contract
AED 20,000/yr12 months · AED 45 per sqft
14 Jan 2022RentedRenewal
AED 17,000/yr12 months · AED 39 per sqft
14 Jan 2021RentedNew contract
AED 17,000/yr12 months · AED 39 per sqft
14 Feb 2018Sold by developerOff-plan
AED 395,000AED 904 per sqft

Source: Dubai Land Department. Updated 23 December 2024.

Key facts

Type
Studio apartment
Size
437 sqft
Floor
4th of 6
Parking
G-86
Developer
MAG
Completed
2020
Service charge
AED 7,500 /yr
Last sold
AED 395K · February 2018
Building
MAG 515

About 417, MAG 515

417 is a studio of 437 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 395,000, or AED 904 per sqft, 4% below the AED 939 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, signed on 23 December 2024, is AED 38,000 a year: a gross yield of 9.6% on the 2018 price, before the service charge of about AED 7,500 a year.

Sales and rents for 417 over time

Sales
Unit 417, 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 395,000 (AED 904 per sqft)

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

Rents
Unit 417, 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, January 2021: AED 17,000 a yearRenewal, January 2022: AED 17,000 a yearNew contract, December 2022: AED 20,000 a yearRenewal, December 2023: AED 21,000 a yearNew contract, December 2024: AED 38,000 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 417 sits

All 60 studios →

417 last sold in February 2018 at AED 904 per sqft, 4% 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. 417's AED 38,000 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 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

417, MAG 515 in numbers

  • Sold once: by MAG on 14 February 2018 for AED 395,000, or AED 904 per sqft.
  • Rented since January 2021 on 5 Ejari contracts, from AED 17,000 to AED 38,000 a year.
  • At AED 38,000 a year the gross yield on the 2018 price is 9.6%, 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 23 December 2024.

Questions about 417, MAG 515

What did unit 417 last sell for?

AED 395,000 on 14 February 2018, sold by the developer: AED 904 per sqft for 437 sqft. It is the only registered sale of the unit.

What is the rent for unit 417?

AED 38,000 a year on the contract signed on 23 December 2024. The previous contract, from December 2023, was AED 21,000; the unit has been rented since January 2021.

How big is unit 417?

437 sqft (40.6 sqm): a studio on the 4th floor of a 6-storey tower completed in 2020.

What is unit 417 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 417, MAG 515

Starts from the last sale price (AED 395K, 14 February 2018). Switch to today's estimate once you have unlocked it.
Price
AED 395,000
Deposit, UAE resident (20%)
AED 79,000
Deposit, non-resident (40%)
AED 158,000
Monthly over 25 years at 3.7%
AED 1,616

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