502, MAG 515
Sold prices and rental history: sold once, by the developer in September 2020, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 502, MAG 515
What is 502 worth today?
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Source: Dubai Land Department. Updated 15 May 2024.
Key facts
- Type
- Studio apartment
- Size
- 389 sqft
- Floor
- 5th of 6
- Parking
- G-93
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 6,600 /yr
- Last sold
- AED 250K · September 2020
- Building
- MAG 515
About 502, MAG 515
502 is a studio of 389 sqft on the 5th floor of MAG 515, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 9 September 2020 for AED 250,000, or AED 642 per sqft.
It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, signed on 15 May 2024, is AED 33,000 a year: a gross yield of 13.2% on the 2020 price, before the service charge of about AED 6,600 a year.
Sales and rents for 502 over time
502 has sold once; the dashed line is the studio median of each year in the building.
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 502 sits
All 60 studios →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. 502's AED 33,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 19 Aug 202619 August 2026 | 437 sqft | 475,000 | 1,087 | ||
| 25 Jun 202625 June 2026 | 360 sqft | 480,000 | 1,333 | ||
| 19 Aug 202519 August 2025 | 437 sqft | 525,000 | 1,201 | ||
| 10 Jul 202510 July 2025 | 387 sqft | 460,000 | 1,188 |
MAG 515
Building132 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%
Other units on the 5th floor
All 132 units in MAG 515| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 629 sqft | AED 550KAED 550,000 · Mar 2018March 2018 | 52,000 /yr | |
| 503 | Studio | 365 sqft | AED 350KAED 350,000 · May 2019May 2019 | 42,000 /yr | |
| 504 | 1-bed | 478 sqft | AED 499KAED 499,000 · Nov 2023November 2023 | 46,000 /yr | |
| 505 | 2-bed | 669 sqft | AED 638KAED 638,420 · May 2018May 2018 | 52,000 /yr | |
| 506 | 1-bed | 483 sqft | AED 490KAED 490,000 · Jan 2025January 2025 | 35,000 /yr | |
| 507 | Studio | 389 sqft | AED 365KAED 365,000 · Mar 2018March 2018 | 42,000 /yr | |
| 508 | Studio | 349 sqft | AED 346KAED 346,333 · Jun 2019June 2019 | 30,000 /yr | |
| 509 | 1-bed | 478 sqft | AED 560KAED 560,000 · Feb 2025February 2025 | 33,000 /yr | |
| 510 | 2-bed | 666 sqft | AED 667KAED 667,000 · Jan 2025January 2025 | 60,000 /yr | |
| 511 | 1-bed | 483 sqft | AED 445KAED 445,280 · Nov 2018November 2018 | 60,000 /yr | |
| 512 | 1-bed | 657 sqft | AED 590KAED 590,000 · Nov 2017November 2017 | 48,000 /yr | |
| 513 | 1-bed | 623 sqft | AED 467KAED 466,695 · Jul 2018July 2018 | 58,000 /yr | |
| 514 | 1-bed | 638 sqft | AED 579KAED 578,742 · Feb 2018February 2018 | 55,000 /yr | |
| 515 | Studio | 410 sqft | AED 425KAED 425,000 · Dec 2024December 2024 | 38,000 /yr | |
| 516 | Studio | 410 sqft | AED 420KAED 420,000 · Aug 2024August 2024 | 36,000 /yr | |
| 517 | Studio | 437 sqft | AED 460KAED 460,000 · Nov 2024November 2024 | 36,000 /yr | |
| 518 | Studio | 437 sqft | AED 403KAED 403,000 · Dec 2017December 2017 | 40,000 /yr | |
| 519 | 1-bed | 514 sqft | AED 550KAED 550,000 · May 2025May 2025 | 57,999 /yr | |
| 520 | 1-bed | 514 sqft | AED 500KAED 500,000 · Dec 2017December 2017 | 33,000 /yr | |
| 521 | Studio | 360 sqft | AED 370KAED 370,000 · Jul 2017July 2017 | 38,000 /yr | |
| 522 | Studio | 360 sqft | AED 430KAED 430,000 · Jun 2025June 2025 | 42,000 /yr |
502, MAG 515 in numbers
- Sold once: by MAG on 9 September 2020 for AED 250,000, or AED 642 per sqft.
- Rented since March 2021 on 4 Ejari contracts, from AED 18,000 to AED 33,000 a year.
- At AED 33,000 a year the gross yield on the 2020 price is 13.2%, before a service charge of about AED 6,600 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 May 2024.
Questions about 502, MAG 515
What did unit 502 last sell for?
AED 250,000 on 9 September 2020, sold by the developer: AED 642 per sqft for 389 sqft. It is the only registered sale of the unit.
What is the rent for unit 502?
AED 33,000 a year on the contract signed on 15 May 2024. The previous contract, from April 2023, was AED 22,000; the unit has been rented since March 2021.
How big is unit 502?
389 sqft (36.1 sqm): a studio on the 5th floor of a 6-storey tower completed in 2020.
What is unit 502 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 502, MAG 515
Starts from the last sale price (AED 250K, 9 September 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 250,000
- Deposit, UAE resident (20%)
- AED 50,000
- Deposit, non-resident (40%)
- AED 100,000
- Monthly over 25 years at 3.7%
- AED 1,023
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →