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Studio · 360 sqftMAG 515, Dubai South · 5th floor · completed 2020

521, MAG 515

Sold prices and rental history: sold once, by the developer in July 2017, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 521 · DLD and Ejari recordsUpdated 1 September 2026
Last soldAED 370K23 July 2017
Current rentAED 38K /yr1 September 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 521, MAG 515

What is 521 worth today?

Last sold for AED 370,000 in 2017

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1 Sep 2026RentedNew contract
AED 38,000/yr12 months · AED 106 per sqft
15 Sep 2023RentedNew contract
AED 24,000/yr12 months · AED 68 per sqft
1 Oct 2021RentedNew contract
AED 20,000/yr12 months · AED 56 per sqft
23 Jul 2017Sold by developerOff-plan
AED 370,000AED 1,027 per sqft

Source: Dubai Land Department. Updated 1 September 2026.

Key facts

Type
Studio apartment
Size
360 sqft
Floor
5th of 6
Parking
G-112
Developer
MAG
Completed
2020
Service charge
AED 6,100 /yr
Last sold
AED 370K · July 2017
Building
MAG 515

About 521, MAG 515

521 is a studio of 360 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 23 July 2017 for AED 370,000, or AED 1,027 per sqft, 18% above the AED 868 studios in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, signed on 1 September 2026, is AED 38,000 a year: a gross yield of 10.3% on the 2017 price, before the service charge of about AED 6,100 a year.

Sales and rents for 521 over time

Sales
Unit 521, 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, July 2017: AED 370,000 (AED 1,027 per sqft)

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

Rents
Unit 521, 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, October 2021: AED 20,000 a yearNew contract, September 2023: AED 24,000 a yearNew contract, September 2026: AED 38,000 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 521 sits

All 60 studios →

521 last sold in July 2017 at AED 1,027 per sqft, 18% above what studios in MAG 515 were fetching at the time (AED 868). 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. 521's AED 38,000 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 5th floor

All 132 units in MAG 515
Value
5011-bedAED 550K · Mar 2018
502StudioAED 250K · Sep 2020
503StudioAED 350K · May 2019
5041-bedAED 499K · Nov 2023
5052-bedAED 638K · May 2018
5061-bedAED 490K · Jan 2025
507StudioAED 365K · Mar 2018
1–7 of 21

521, MAG 515 in numbers

  • Sold once: by MAG on 23 July 2017 for AED 370,000, or AED 1,027 per sqft.
  • Rented since October 2021 on 3 Ejari contracts, from AED 20,000 to AED 38,000 a year.
  • At AED 38,000 a year the gross yield on the 2017 price is 10.3%, 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 September 2026.

Questions about 521, MAG 515

What did unit 521 last sell for?

AED 370,000 on 23 July 2017, sold by the developer: AED 1,027 per sqft for 360 sqft. It is the only registered sale of the unit.

What is the rent for unit 521?

AED 38,000 a year on the contract signed on 1 September 2026. The previous contract, from September 2023, was AED 24,000; the unit has been rented since October 2021.

How big is unit 521?

360 sqft (33.4 sqm): a studio on the 5th floor of a 6-storey tower completed in 2020.

What is unit 521 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 521, MAG 515

Starts from the last sale price (AED 370K, 23 July 2017). Switch to today's estimate once you have unlocked it.
Price
AED 370,000
Deposit, UAE resident (20%)
AED 74,000
Deposit, non-resident (40%)
AED 148,000
Monthly over 25 years at 3.7%
AED 1,514

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