518, MAG 515
Sold prices and rental history: sold once, by the developer in December 2017, 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 518, MAG 515
What is 518 worth today?
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Source: Dubai Land Department. Updated 7 March 2026.
Key facts
- Type
- Studio apartment
- Size
- 437 sqft
- Floor
- 5th of 6
- Parking
- G-109
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 7,500 /yr
- Last sold
- AED 403K · December 2017
- Building
- MAG 515
About 518, MAG 515
518 is a studio of 437 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 26 December 2017 for AED 403,000, or AED 922 per sqft, in line with the AED 939 studios in the building were fetching at the time.
It has been rented continuously since 2020 on 8 Ejari contracts. The current contract, renewed on 7 March 2026, is AED 40,000 a year: a gross yield of 9.9% on the 2017 price, before the service charge of about AED 7,500 a year.
Sales and rents for 518 over time
518 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 518 sits
All 60 studios →518 last sold in December 2017 at AED 922 per sqft, in line with 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. 518's AED 40,000 is in the upper 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 | |
| 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 | |
| 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 |
518, MAG 515 in numbers
- Sold once: by MAG on 26 December 2017 for AED 403,000, or AED 922 per sqft.
- Rented since January 2020 on 8 Ejari contracts. The rent fell from AED 21,000 to AED 18,500 in 2020 and recovered to AED 40,000 by March 2026.
- At AED 40,000 a year the gross yield on the 2017 price is 9.9%, before a service charge of about AED 7,500 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 March 2026.
Questions about 518, MAG 515
What did unit 518 last sell for?
AED 403,000 on 26 December 2017, sold by the developer: AED 922 per sqft for 437 sqft. It is the only registered sale of the unit.
What is the rent for unit 518?
AED 40,000 a year on the contract renewed on 7 March 2026. The previous contract, from March 2025, was AED 40,000; the unit has been rented since January 2020.
How big is unit 518?
437 sqft (40.6 sqm): a studio on the 5th floor of a 6-storey tower completed in 2020.
What is unit 518 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 518, MAG 515
Starts from the last sale price (AED 403K, 26 December 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 403,000
- Deposit, UAE resident (20%)
- AED 80,600
- Deposit, non-resident (40%)
- AED 161,200
- Monthly over 25 years at 3.7%
- AED 1,649
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →