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Studio · 360 sqftMAG 515, Dubai South · 6th floor · completed 2020

621, MAG 515

Sold prices and rental history: sold once, by the developer in April 2019, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 621 · DLD and Ejari recordsUpdated 9 July 2026
Last soldAED 360K25 April 2019
Current rentAED 38K /yr9 July 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 621, MAG 515

What is 621 worth today?

Last sold for AED 360,000 in 2019

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9 Jul 2026RentedRenewal
AED 38,000/yr12 months · AED 106 per sqft
9 Jul 2025RentedNew contract
AED 40,000/yr12 months · AED 111 per sqft
9 Jul 2025RentedNew contract
AED 40,000/yr12 months · AED 111 per sqft
19 Sep 2024RentedNew contract
AED 33,913/yr9 months · AED 94 per sqft
25 Jun 2023RentedNew contract
AED 26,000/yr12 months · AED 72 per sqft
1 Feb 2023RentedNew contract
AED 24,000/yr12 months · AED 68 per sqft
25 Apr 2021RentedNew contract
AED 17,000/yr12 months · AED 48 per sqft
2 Mar 2020RentedNew contract
AED 22,000/yr12 months · AED 62 per sqft

Source: Dubai Land Department. Updated 9 July 2026.

Key facts

Type
Studio apartment
Size
360 sqft
Floor
6th of 6
Parking
G-134
Developer
MAG
Completed
2020
Service charge
AED 6,100 /yr
Last sold
AED 360K · April 2019
Building
MAG 515

About 621, MAG 515

621 is a studio of 360 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 25 April 2019 for AED 360,000, or AED 999 per sqft, 8% above the AED 925 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 9 July 2026, is AED 38,000 a year: a gross yield of 10.6% on the 2019 price, before the service charge of about AED 6,100 a year.

Sales and rents for 621 over time

Sales
Unit 621, 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, April 2019: AED 360,000 (AED 999 per sqft)

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

Rents
Unit 621, 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, March 2020: AED 22,000 a yearNew contract, April 2021: AED 17,000 a yearNew contract, February 2023: AED 24,000 a yearNew contract, June 2023: AED 26,000 a yearNew contract, September 2024: AED 33,913 a yearNew contract, July 2025: AED 40,000 a yearNew contract, July 2025: AED 40,000 a yearRenewal, July 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 621 sits

All 60 studios →

621 last sold in April 2019 at AED 999 per sqft, 8% above what studios in MAG 515 were fetching at the time (AED 925). 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. 621'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 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

621, MAG 515 in numbers

  • Sold once: by MAG on 25 April 2019 for AED 360,000, or AED 999 per sqft.
  • Rented since March 2020 on 8 Ejari contracts. The rent fell from AED 22,000 to AED 17,000 in 2021 and recovered to AED 38,000 by July 2026.
  • At AED 38,000 a year the gross yield on the 2019 price is 10.6%, 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 9 July 2026.

Questions about 621, MAG 515

What did unit 621 last sell for?

AED 360,000 on 25 April 2019, sold by the developer: AED 999 per sqft for 360 sqft. It is the only registered sale of the unit.

What is the rent for unit 621?

AED 38,000 a year on the contract renewed on 9 July 2026. The previous contract, from July 2025, was AED 40,000; the unit has been rented since March 2020.

How big is unit 621?

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

What is unit 621 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 621, MAG 515

Starts from the last sale price (AED 360K, 25 April 2019). Switch to today's estimate once you have unlocked it.
Price
AED 360,000
Deposit, UAE resident (20%)
AED 72,000
Deposit, non-resident (40%)
AED 144,000
Monthly over 25 years at 3.7%
AED 1,473

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