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Studio · 365 sqftMAG 515, Dubai South · 6th floor · completed 2020

603, MAG 515

Sold prices and rental history: sold once, by the developer in July 2017, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 603 · DLD and Ejari recordsUpdated 1 January 2026
Last soldAED 300K23 July 2017
Current rentAED 42K /yr1 January 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 603, MAG 515

What is 603 worth today?

Last sold for AED 300,000 in 2017

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1 Jan 2026RentedNew contract
AED 42,000/yr12 months · AED 115 per sqft
1 Oct 2024RentedRenewal
AED 31,000/yr12 months · AED 85 per sqft
1 Oct 2023RentedNew contract
AED 29,000/yr12 months · AED 79 per sqft
18 Sep 2022RentedRenewal
AED 22,000/yr12 months · AED 60 per sqft
18 Sep 2021RentedRenewal
AED 20,000/yr12 months · AED 55 per sqft
18 Sep 2020RentedNew contract
AED 20,000/yr12 months · AED 55 per sqft
23 Jul 2017Sold by developerOff-plan
AED 300,000AED 821 per sqft

Source: Dubai Land Department. Updated 1 January 2026.

Key facts

Type
Studio apartment
Size
365 sqft
Floor
6th of 6
Parking
G-116
Developer
MAG
Completed
2020
Service charge
AED 6,200 /yr
Last sold
AED 300K · July 2017
Building
MAG 515

About 603, MAG 515

603 is a studio of 365 sqft on the 6th 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 300,000, or AED 821 per sqft, 5% below the AED 868 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 1 January 2026, is AED 42,000 a year: a gross yield of 14.0% on the 2017 price, before the service charge of about AED 6,200 a year.

Sales and rents for 603 over time

Sales
Unit 603, 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 300,000 (AED 821 per sqft)

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

Rents
Unit 603, 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, September 2020: AED 20,000 a yearRenewal, September 2021: AED 20,000 a yearRenewal, September 2022: AED 22,000 a yearNew contract, October 2023: AED 29,000 a yearRenewal, October 2024: AED 31,000 a yearNew contract, January 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 603 sits

All 60 studios →

603 last sold in July 2017 at AED 821 per sqft, 5% below 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. 603'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 6th floor

All 132 units in MAG 515
Value
6011-bedAED 600K · May 2026
602StudioAED 360K · Apr 2019
6041-bedAED 400K · Jul 2017
6052-bedAED 600K · May 2024
6061-bedAED 450K · May 2019
607StudioAED 360K · Jun 2024
608StudioAED 275K · Jul 2021
1–7 of 21

603, MAG 515 in numbers

  • Sold once: by MAG on 23 July 2017 for AED 300,000, or AED 821 per sqft.
  • Rented since September 2020 on 6 Ejari contracts, from AED 20,000 to AED 42,000 a year.
  • At AED 42,000 a year the gross yield on the 2017 price is 14.0%, 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 January 2026.

Questions about 603, MAG 515

What did unit 603 last sell for?

AED 300,000 on 23 July 2017, sold by the developer: AED 821 per sqft for 365 sqft. It is the only registered sale of the unit.

What is the rent for unit 603?

AED 42,000 a year on the contract signed on 1 January 2026. The previous contract, from October 2024, was AED 31,000; the unit has been rented since September 2020.

How big is unit 603?

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

What is unit 603 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 603, MAG 515

Starts from the last sale price (AED 300K, 23 July 2017). Switch to today's estimate once you have unlocked it.
Price
AED 300,000
Deposit, UAE resident (20%)
AED 60,000
Deposit, non-resident (40%)
AED 120,000
Monthly over 25 years at 3.7%
AED 1,227

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