Home
Dubai prices
About
Blog
Studio · 437 sqftMAG 515, Dubai South · 6th floor · completed 2020

617, MAG 515

Sold prices and rental history: sold 3 times, last in July 2025, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 617 · DLD and Ejari recordsUpdated 3 September 2026
Last soldAED 400K2 July 2025
Current rentAED 54K /yr3 September 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 617

Property timeline for 617, MAG 515

What is 617 worth today?

Last sold for AED 400,000 in 2025

Unlock today's estimate, updated daily, with

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

3 Sep 2026RentedNew contract
AED 54,000/yr12 months · AED 124 per sqft
19 Jun 2026RentedNew contract
AED 42,000/yr6 months · AED 98 per sqft
2 Jul 2025SoldReady
AED 400,000AED 915 per sqft
5 Jun 2025RentedNew contract
AED 42,000/yr12 months · AED 95 per sqft
12 Mar 2025SoldReady
AED 410,000AED 938 per sqft
20 Mar 2022RentedNew contract
AED 18,000/yr12 months · AED 41 per sqft
1 Feb 2020RentedNew contract
AED 19,000/yr12 months · AED 43 per sqft
6 Mar 2018Sold by developerOff-plan
AED 395,000AED 904 per sqft

Source: Dubai Land Department. Updated 3 September 2026.

Key facts

Type
Studio apartment
Size
437 sqft
Floor
6th of 6
Parking
G-130
Developer
MAG
Completed
2020
Service charge
AED 7,500 /yr
Last sold
AED 400K · July 2025
Building
MAG 515

About 617, MAG 515

617 is a studio of 437 sqft on the 6th floor of MAG 515, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 2 July 2025 for AED 400,000, or AED 915 per sqft, 11% below the AED 1,028 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, signed on 3 September 2026, is AED 54,000 a year: a gross yield of 13.5% on the 2025 price, before the service charge of about AED 7,500 a year.

Sales and rents for 617 over time

Sales
Unit 617, 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, March 2018: AED 395,000 (AED 904 per sqft)Sold, March 2025: AED 410,000 (AED 938 per sqft)Sold, July 2025: AED 400,000 (AED 915 per sqft)

617 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 617, each contractTypical studio in MAG 515
20K40K60K2020202220242026Typical 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, February 2020: AED 19,000 a yearNew contract, March 2022: AED 18,000 a yearNew contract, June 2025: AED 42,000 a yearNew contract, June 2026: AED 42,000 a yearNew contract, September 2026: AED 54,000 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 617 sits

All 60 studios →

617 last sold in July 2025 at AED 915 per sqft, 11% below what studios in MAG 515 were fetching at the time (AED 1,028). 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. 617's AED 54,000 is at the top 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
603StudioAED 300K · Jul 2017
6041-bedAED 400K · Jul 2017
6052-bedAED 600K · May 2024
6061-bedAED 450K · May 2019
607StudioAED 360K · Jun 2024
1–7 of 21

617, MAG 515 in numbers

  • Sold 3 times: first on 6 March 2018 for AED 395,000, last on 2 July 2025 for AED 400,000 (AED 915 per sqft).
  • Rented since February 2020 on 5 Ejari contracts, from AED 19,000 to AED 54,000 a year.
  • At AED 54,000 a year the gross yield on the 2025 price is 13.5%, 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 3 September 2026.

Questions about 617, MAG 515

What did unit 617 last sell for?

AED 400,000 on 2 July 2025: AED 915 per sqft for 437 sqft. The unit has 3 registered sales; the first was AED 395,000 in March 2018.

What is the rent for unit 617?

AED 54,000 a year on the contract signed on 3 September 2026. The previous contract, from June 2026, was AED 42,000; the unit has been rented since February 2020.

How big is unit 617?

437 sqft (40.6 sqm): a studio on the 6th floor of a 6-storey tower completed in 2020.

What is unit 617 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 617? 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 617, MAG 515

Starts from the last sale price (AED 400K, 2 July 2025). Switch to today's estimate once you have unlocked it.
Price
AED 400,000
Deposit, UAE resident (20%)
AED 80,000
Deposit, non-resident (40%)
AED 160,000
Monthly over 25 years at 3.7%
AED 1,637

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