Home
Dubai prices
About
Blog
Studio · 365 sqftMAG 515, Dubai South · 5th floor · completed 2020

503, MAG 515

Sold prices and rental history: sold once, by the developer in May 2019, and rented continuously since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 503 · DLD and Ejari recordsUpdated 1 May 2026
Last soldAED 350K14 May 2019
Current rentAED 42K /yr1 May 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 503

Property timeline for 503, MAG 515

What is 503 worth today?

Last sold for AED 350,000 in 2019

Unlock today's estimate, updated daily, with

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

1 May 2026RentedRenewal
AED 42,000/yr12 months · AED 118 per sqft
1 May 2025RentedNew contract
AED 42,000/yr12 months · AED 115 per sqft
1 May 2025RentedNew contract
AED 42,000/yr12 months · AED 115 per sqft
1 May 2024RentedRenewal
AED 36,000/yr12 months · AED 101 per sqft
1 May 2023RentedNew contract
AED 27,500/yr12 months · AED 77 per sqft
14 May 2019Sold by developerOff-plan
AED 350,000AED 958 per sqft

Source: Dubai Land Department. Updated 1 May 2026.

Key facts

Type
Studio apartment
Size
365 sqft
Floor
5th of 6
Parking
G-94
Developer
MAG
Completed
2020
Service charge
AED 6,200 /yr
Last sold
AED 350K · May 2019
Building
MAG 515

About 503, MAG 515

503 is a studio of 365 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 14 May 2019 for AED 350,000, or AED 958 per sqft, in line with the AED 935 studios in the building were fetching at the time.

It has been rented continuously since 2023 on 5 Ejari contracts. The current contract, renewed on 1 May 2026, is AED 42,000 a year: a gross yield of 12.0% on the 2019 price, before the service charge of about AED 6,200 a year.

Sales and rents for 503 over time

Sales
Unit 503, 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, May 2019: AED 350,000 (AED 958 per sqft)

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

Rents
Unit 503, 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, May 2023: AED 27,500 a yearRenewal, May 2024: AED 36,000 a yearNew contract, May 2025: AED 42,000 a yearNew contract, May 2025: AED 42,000 a yearRenewal, May 2026: AED 42,000 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 503 sits

All 60 studios →

503 last sold in May 2019 at AED 958 per sqft, in line with what studios in MAG 515 were fetching at the time (AED 935). 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. 503's AED 42,000 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 5th floor

All 132 units in MAG 515
Value
5011-bedAED 550K · Mar 2018
502StudioAED 250K · Sep 2020
5041-bedAED 499K · Nov 2023
5052-bedAED 638K · May 2018
5061-bedAED 490K · Jan 2025
507StudioAED 365K · Mar 2018
508StudioAED 346K · Jun 2019
1–7 of 21

503, MAG 515 in numbers

  • Sold once: by MAG on 14 May 2019 for AED 350,000, or AED 958 per sqft.
  • Rented since May 2023 on 5 Ejari contracts, from AED 27,500 to AED 42,000 a year.
  • At AED 42,000 a year the gross yield on the 2019 price is 12.0%, before a service charge of about AED 6,200 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 May 2026.

Questions about 503, MAG 515

What did unit 503 last sell for?

AED 350,000 on 14 May 2019, sold by the developer: AED 958 per sqft for 365 sqft. It is the only registered sale of the unit.

What is the rent for unit 503?

AED 42,000 a year on the contract renewed on 1 May 2026. The previous contract, from May 2025, was AED 42,000; the unit has been rented since May 2023.

How big is unit 503?

365 sqft (33.9 sqm): a studio on the 5th floor of a 6-storey tower completed in 2020.

What is unit 503 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 503? 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 503, MAG 515

Starts from the last sale price (AED 350K, 14 May 2019). Switch to today's estimate once you have unlocked it.
Price
AED 350,000
Deposit, UAE resident (20%)
AED 70,000
Deposit, non-resident (40%)
AED 140,000
Monthly over 25 years at 3.7%
AED 1,432

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