Home
Dubai prices
About
Blog
Studio · 437 sqftMAG 515, Dubai South · 4th floor · completed 2020

418, MAG 515

Sold prices and rental history: sold 3 times, last in August 2025, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 418 · DLD and Ejari recordsUpdated 15 June 2026
Last soldAED 525K19 August 2025
Current rentAED 40K /yr15 June 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 418

Property timeline for 418, MAG 515

What is 418 worth today?

Last sold for AED 525,000 in 2025

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

15 Jun 2026RentedNew contract
AED 40,000/yr12 months · AED 91 per sqft
19 Aug 2025SoldReady
AED 525,000AED 1,201 per sqft
8 Jul 2025SoldReady
AED 410,000AED 938 per sqft
20 Jul 2023RentedNew contract
AED 18,000/yr12 months · AED 41 per sqft
10 Apr 2022RentedNew contract
AED 20,000/yr12 months · AED 45 per sqft
1 Apr 2021RentedNew contract
AED 18,000/yr12 months · AED 41 per sqft
8 Feb 2020RentedNew contract
AED 19,000/yr12 months · AED 43 per sqft
6 Mar 2018Sold by developerOff-plan
AED 395,000AED 904 per sqft

Source: Dubai Land Department. Updated 15 June 2026.

Key facts

Type
Studio apartment
Size
437 sqft
Floor
4th of 6
Parking
G-87
Developer
MAG
Completed
2020
Service charge
AED 7,500 /yr
Last sold
AED 525K · August 2025
Building
MAG 515

About 418, MAG 515

418 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. It last sold on 19 August 2025 for AED 525,000, or AED 1,201 per sqft, 16% above the AED 1,035 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 15 June 2026, is AED 40,000 a year: a gross yield of 7.6% on the 2025 price, before the service charge of about AED 7,500 a year.

Sales and rents for 418 over time

Sales
Unit 418, each saleTypical studio in MAG 515
400K2017202020232026Typical 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, March 2018: AED 395,000 (AED 904 per sqft)Sold, July 2025: AED 410,000 (AED 938 per sqft)Sold, August 2025: AED 525,000 (AED 1,201 per sqft)

418 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 418, 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, February 2020: AED 19,000 a yearNew contract, April 2021: AED 18,000 a yearNew contract, April 2022: AED 20,000 a yearNew contract, July 2023: AED 18,000 a yearNew contract, June 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 418 sits

All 60 studios →

418 last sold in August 2025 at AED 1,201 per sqft, 16% above what studios in MAG 515 were fetching at the time (AED 1,035). 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. 418'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
10 Jul 2025460,000
2 Jul 2025400,000
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

418, MAG 515 in numbers

  • Sold 3 times: first on 6 March 2018 for AED 395,000, last on 19 August 2025 for AED 525,000 (AED 1,201 per sqft).
  • Rented since February 2020 on 5 Ejari contracts, from AED 19,000 to AED 40,000 a year.
  • At AED 40,000 a year the gross yield on the 2025 price is 7.6%, 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 15 June 2026.

Questions about 418, MAG 515

What did unit 418 last sell for?

AED 525,000 on 19 August 2025: AED 1,201 per sqft for 437 sqft. The unit has 3 registered sales; the first was AED 395,000 in March 2018.

What is the rent for unit 418?

AED 40,000 a year on the contract signed on 15 June 2026. The previous contract, from July 2023, was AED 18,000; the unit has been rented since February 2020.

How big is unit 418?

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

What is unit 418 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.

Selling 418? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 418, MAG 515

Starts from the last sale price (AED 525K, 19 August 2025). Switch to today's estimate once you have unlocked it.
Price
AED 525,000
Deposit, UAE resident (20%)
AED 105,000
Deposit, non-resident (40%)
AED 210,000
Monthly over 25 years at 3.7%
AED 2,148

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