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

422, MAG 515

Sold prices and rental history: sold once, by the developer in August 2017, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 422 · DLD and Ejari recordsUpdated 1 July 2024
Last soldAED 365K3 August 2017
Current rentAED 36K /yr1 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 422, MAG 515

What is 422 worth today?

Last sold for AED 365,000 in 2017

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1 Jul 2024RentedNew contract
AED 35,903/yr12 months · AED 100 per sqft
10 Oct 2020RentedNew contract
AED 18,949/yr12 months · AED 53 per sqft
15 Jan 2020RentedNew contract
AED 21,914/yr9 months · AED 61 per sqft
3 Aug 2017Sold by developerOff-plan
AED 365,000AED 1,013 per sqft

Source: Dubai Land Department. Updated 1 July 2024.

Key facts

Type
Studio apartment
Size
360 sqft
Floor
4th of 6
Parking
G-91
Developer
MAG
Completed
2020
Service charge
AED 6,100 /yr
Last sold
AED 365K · August 2017
Building
MAG 515

About 422, MAG 515

422 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. The developer sold it on 3 August 2017 for AED 365,000, or AED 1,013 per sqft, 8% above the AED 939 studios in the building were fetching at the time.

It has been rented since 2020 on 3 Ejari contracts. The current contract, signed on 1 July 2024, is AED 35,903 a year: a gross yield of 9.8% on the 2017 price, before the service charge of about AED 6,100 a year.

Sales and rents for 422 over time

Sales
Unit 422, 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, August 2017: AED 365,000 (AED 1,013 per sqft)

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

Rents
Unit 422, 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, January 2020: AED 21,914 a yearNew contract, October 2020: AED 18,949 a yearNew contract, July 2024: AED 35,903 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 422 sits

All 60 studios →

422 last sold in August 2017 at AED 1,013 per sqft, 8% above 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. 422's AED 35,903 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

422, MAG 515 in numbers

  • Sold once: by MAG on 3 August 2017 for AED 365,000, or AED 1,013 per sqft.
  • Rented since January 2020 on 3 Ejari contracts. The rent fell from AED 21,914 to AED 18,949 in 2020 and recovered to AED 35,903 by July 2024.
  • At AED 35,903 a year the gross yield on the 2017 price is 9.8%, 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 1 July 2024.

Questions about 422, MAG 515

What did unit 422 last sell for?

AED 365,000 on 3 August 2017, sold by the developer: AED 1,013 per sqft for 360 sqft. It is the only registered sale of the unit.

What is the rent for unit 422?

AED 35,903 a year on the contract signed on 1 July 2024. The previous contract, from October 2020, was AED 18,949; the unit has been rented since January 2020.

How big is unit 422?

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

What is unit 422 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 422, MAG 515

Starts from the last sale price (AED 365K, 3 August 2017). Switch to today's estimate once you have unlocked it.
Price
AED 365,000
Deposit, UAE resident (20%)
AED 73,000
Deposit, non-resident (40%)
AED 146,000
Monthly over 25 years at 3.7%
AED 1,493

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