516, MAG 515
Sold prices and rental history: sold twice, last in August 2024, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 516, MAG 515
What is 516 worth today?
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Source: Dubai Land Department. Updated 7 September 2026.
Key facts
- Type
- Studio apartment
- Size
- 410 sqft
- Floor
- 5th of 6
- Parking
- G-107
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 7,000 /yr
- Last sold
- AED 420K · August 2024
- Building
- MAG 515
About 516, MAG 515
516 is a studio of 410 sqft on the 5th floor of MAG 515, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 13 August 2024 for AED 420,000, or AED 1,023 per sqft, 11% above the AED 920 studios in the building were fetching at the time.
It has been rented continuously since 2020 on 6 Ejari contracts. The current contract, signed on 7 September 2026, is AED 36,000 a year: a gross yield of 8.6% on the 2024 price, before the service charge of about AED 7,000 a year.
Sales and rents for 516 over time
516 has sold twice; 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 516 sits
All 60 studios →516 last sold in August 2024 at AED 1,023 per sqft, 11% above what studios in MAG 515 were fetching at the time (AED 920). 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. 516's AED 36,000 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 | |
| 502 | Studio | 389 sqft | AED 250KAED 250,000 · Sep 2020September 2020 | 33,000 /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 | |
| 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 |
516, MAG 515 in numbers
- Sold twice: first on 15 February 2018 for AED 365,000, last on 13 August 2024 for AED 420,000 (AED 1,023 per sqft).
- Rented since November 2020 on 6 Ejari contracts, from AED 15,600 to AED 36,000 a year.
- At AED 36,000 a year the gross yield on the 2024 price is 8.6%, before a service charge of about AED 7,000 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 7 September 2026.
Questions about 516, MAG 515
What did unit 516 last sell for?
AED 420,000 on 13 August 2024: AED 1,023 per sqft for 410 sqft. The unit has 2 registered sales; the first was AED 365,000 in February 2018.
What is the rent for unit 516?
AED 36,000 a year on the contract signed on 7 September 2026. The previous contract, from September 2025, was AED 38,000; the unit has been rented since November 2020.
How big is unit 516?
410 sqft (38.1 sqm): a studio on the 5th floor of a 6-storey tower completed in 2020.
What is unit 516 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 516, MAG 515
Starts from the last sale price (AED 420K, 13 August 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 420,000
- Deposit, UAE resident (20%)
- AED 84,000
- Deposit, non-resident (40%)
- AED 168,000
- Monthly over 25 years at 3.7%
- AED 1,718
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →