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Studio · 360 sqftMAG 515, Dubai South · 4th floor · completed 2020

421, MAG 515

Sold prices and rental history: sold twice, last in July 2024, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 421 · DLD and Ejari recordsUpdated 19 September 2026
Last soldAED 399K30 July 2024
Current rentAED 43K /yr19 September 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 421, MAG 515

What is 421 worth today?

Last sold for AED 399,000 in 2024

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19 Sep 2026RentedNew contract
AED 43,200/yr12 months · AED 122 per sqft
30 Jul 2024SoldReady
AED 399,000AED 1,108 per sqft
8 Mar 2024RentedNew contract
AED 38,000/yr12 months · AED 106 per sqft
15 Jan 2023RentedNew contract
AED 27,000/yr12 months · AED 75 per sqft
12 Sep 2020RentedNew contract
AED 23,000/yr12 months · AED 64 per sqft
8 Mar 2018Sold by developerOff-plan
AED 369,852AED 1,027 per sqft

Source: Dubai Land Department. Updated 19 September 2026.

Key facts

Type
Studio apartment
Size
360 sqft
Floor
4th of 6
Parking
G-90
Developer
MAG
Completed
2020
Service charge
AED 6,100 /yr
Last sold
AED 399K · July 2024
Building
MAG 515

About 421, MAG 515

421 is a studio of 360 sqft on the 4th floor of MAG 515, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 30 July 2024 for AED 399,000, or AED 1,108 per sqft, 22% above the AED 911 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, signed on 19 September 2026, is AED 43,200 a year: a gross yield of 10.8% on the 2024 price, before the service charge of about AED 6,100 a year.

Sales and rents for 421 over time

Sales
Unit 421, 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, March 2018: AED 369,852 (AED 1,027 per sqft)Sold, July 2024: AED 399,000 (AED 1,108 per sqft)

421 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 421, 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, September 2020: AED 23,000 a yearNew contract, January 2023: AED 27,000 a yearNew contract, March 2024: AED 38,000 a yearNew contract, September 2026: AED 43,200 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 421 sits

All 60 studios →

421 last sold in July 2024 at AED 1,108 per sqft, 22% above what studios in MAG 515 were fetching at the time (AED 911). 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. 421's AED 43,200 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

421, MAG 515 in numbers

  • Sold twice: first on 8 March 2018 for AED 369,852, last on 30 July 2024 for AED 399,000 (AED 1,108 per sqft).
  • Rented since September 2020 on 4 Ejari contracts, from AED 23,000 to AED 43,200 a year.
  • At AED 43,200 a year the gross yield on the 2024 price is 10.8%, before a service charge of about AED 6,100 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 September 2026.

Questions about 421, MAG 515

What did unit 421 last sell for?

AED 399,000 on 30 July 2024: AED 1,108 per sqft for 360 sqft. The unit has 2 registered sales; the first was AED 369,852 in March 2018.

What is the rent for unit 421?

AED 43,200 a year on the contract signed on 19 September 2026. The previous contract, from March 2024, was AED 38,000; the unit has been rented since September 2020.

How big is unit 421?

360 sqft (33.4 sqm): a studio on the 4th floor of a 6-storey tower completed in 2020.

What is unit 421 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 421, MAG 515

Starts from the last sale price (AED 399K, 30 July 2024). Switch to today's estimate once you have unlocked it.
Price
AED 399,000
Deposit, UAE resident (20%)
AED 79,800
Deposit, non-resident (40%)
AED 159,600
Monthly over 25 years at 3.7%
AED 1,632

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