618, MAG 515
Sold prices and rental history: sold once, by the developer in July 2018, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 618, MAG 515
What is 618 worth today?
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Source: Dubai Land Department. Updated 24 August 2025.
Key facts
- Type
- Studio apartment
- Size
- 437 sqft
- Floor
- 6th of 6
- Parking
- G-131
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 7,500 /yr
- Last sold
- AED 397K · July 2018
- Building
- MAG 515
About 618, MAG 515
618 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. The developer sold it on 23 July 2018 for AED 396,550, or AED 907 per sqft, in line with the AED 922 studios in the building were fetching at the time.
It has been rented since 2021 on 3 Ejari contracts. The current contract, renewed on 24 August 2025, is AED 42,000 a year: a gross yield of 10.6% on the 2018 price, before the service charge of about AED 7,500 a year.
Sales and rents for 618 over time
618 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 618 sits
All 60 studios →618 last sold in July 2018 at AED 907 per sqft, in line with what studios in MAG 515 were fetching at the time (AED 922). 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. 618's AED 42,000 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 6th floor
All 132 units in MAG 515| ValueToday's value | |||||
|---|---|---|---|---|---|
| 601 | 1-bed | 629 sqft | AED 600KAED 600,000 · May 2026May 2026 | 36,597 /yr | |
| 602 | Studio | 389 sqft | AED 360KAED 360,000 · Apr 2019April 2019 | 18,000 /yr | |
| 603 | Studio | 365 sqft | AED 300KAED 300,000 · Jul 2017July 2017 | 42,000 /yr | |
| 604 | 1-bed | 478 sqft | AED 400KAED 400,000 · Jul 2017July 2017 | 55,000 /yr | |
| 605 | 2-bed | 669 sqft | AED 600KAED 600,000 · May 2024May 2024 | 67,000 /yr | |
| 606 | 1-bed | 483 sqft | AED 450KAED 450,000 · May 2019May 2019 | 47,250 /yr | |
| 607 | Studio | 389 sqft | AED 360KAED 360,000 · Jun 2024June 2024 | 45,000 /yr | |
| 608 | Studio | 349 sqft | AED 275KAED 275,000 · Jul 2021July 2021 | 45,000 /yr | |
| 609 | 1-bed | 478 sqft | AED 410KAED 410,000 · Jan 2025January 2025 | 48,000 /yr | |
| 610 | 2-bed | 666 sqft | AED 475KAED 475,000 · Jul 2023July 2023 | 60,000 /yr | |
| 611 | 1-bed | 483 sqft | AED 445KAED 445,000 · Apr 2018April 2018 | 42,000 /yr | |
| 612 | 1-bed | 657 sqft | AED 495KAED 495,000 · Jul 2019July 2019 | ||
| 613 | 1-bed | 623 sqft | AED 523KAED 523,221 · Apr 2019April 2019 | 42,000 /yr | |
| 614 | 1-bed | 638 sqft | AED 480KAED 480,000 · Nov 2019November 2019 | 50,000 /yr | |
| 615 | Studio | 410 sqft | AED 300KAED 300,000 · Nov 2022November 2022 | 40,000 /yr | |
| 616 | Studio | 410 sqft | AED 340KAED 340,000 · Jan 2024January 2024 | 29,492 /yr | |
| 617 | Studio | 437 sqft | AED 400KAED 400,000 · Jul 2025July 2025 | 54,000 /yr | |
| 619 | 1-bed | 514 sqft | AED 514KAED 513,600 · Nov 2019November 2019 | 52,500 /yr | |
| 620 | 1-bed | 514 sqft | AED 513KAED 513,000 · Oct 2017October 2017 | 50,000 /yr | |
| 621 | Studio | 360 sqft | AED 360KAED 360,000 · Apr 2019April 2019 | 38,000 /yr | |
| 622 | Studio | 360 sqft | AED 380KAED 380,000 · Oct 2017October 2017 | 36,000 /yr |
618, MAG 515 in numbers
- Sold once: by MAG on 23 July 2018 for AED 396,550, or AED 907 per sqft.
- Rented since August 2021 on 3 Ejari contracts, from AED 20,000 to AED 42,000 a year.
- At AED 42,000 a year the gross yield on the 2018 price is 10.6%, 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 24 August 2025.
Questions about 618, MAG 515
What did unit 618 last sell for?
AED 396,550 on 23 July 2018, sold by the developer: AED 907 per sqft for 437 sqft. It is the only registered sale of the unit.
What is the rent for unit 618?
AED 42,000 a year on the contract renewed on 24 August 2025. The previous contract, from August 2024, was AED 40,000; the unit has been rented since August 2021.
How big is unit 618?
437 sqft (40.6 sqm): a studio on the 6th floor of a 6-storey tower completed in 2020.
What is unit 618 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 618, MAG 515
Starts from the last sale price (AED 397K, 23 July 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 396,550
- Deposit, UAE resident (20%)
- AED 79,310
- Deposit, non-resident (40%)
- AED 158,620
- Monthly over 25 years at 3.7%
- AED 1,622
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →