Home
Dubai prices
About
Blog
Studio · 360 sqftMAG 515, Dubai South · 6th floor · completed 2020

622, MAG 515

Sold prices and rental history: sold once, by the developer in October 2017, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 622 · DLD and Ejari recordsUpdated 1 January 2025
Last soldAED 380K24 October 2017
Current rentAED 36K /yr1 January 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 622

Property timeline for 622, MAG 515

What is 622 worth today?

Last sold for AED 380,000 in 2017

Unlock today's estimate, updated daily, with

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

1 Jan 2025RentedNew contract
AED 36,000/yr12 months · AED 100 per sqft
2 Jan 2024RentedRenewal
AED 25,000/yr12 months · AED 70 per sqft
1 Jan 2023RentedNew contract
AED 24,933/yr12 months · AED 70 per sqft
1 Jul 2022RentedNew contract
AED 24,000/yr12 months · AED 68 per sqft
24 Oct 2017Sold by developerOff-plan
AED 380,000AED 1,055 per sqft

Source: Dubai Land Department. Updated 1 January 2025.

Key facts

Type
Studio apartment
Size
360 sqft
Floor
6th of 6
Parking
G-135
Developer
MAG
Completed
2020
Service charge
AED 6,100 /yr
Last sold
AED 380K · October 2017
Building
MAG 515

About 622, MAG 515

622 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 24 October 2017 for AED 380,000, or AED 1,055 per sqft, 10% above the AED 956 studios in the building were fetching at the time.

It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, signed on 1 January 2025, is AED 36,000 a year: a gross yield of 9.5% on the 2017 price, before the service charge of about AED 6,100 a year.

Sales and rents for 622 over time

Sales
Unit 622, 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, October 2017: AED 380,000 (AED 1,055 per sqft)

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

Rents
Unit 622, 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, July 2022: AED 24,000 a yearNew contract, January 2023: AED 24,933 a yearRenewal, January 2024: AED 25,000 a yearNew contract, January 2025: AED 36,000 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 622 sits

All 60 studios →

622 last sold in October 2017 at AED 1,055 per sqft, 10% above what studios in MAG 515 were fetching at the time (AED 956). 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. 622's AED 36,000 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

622, MAG 515 in numbers

  • Sold once: by MAG on 24 October 2017 for AED 380,000, or AED 1,055 per sqft.
  • Rented since July 2022 on 4 Ejari contracts, from AED 24,000 to AED 36,000 a year.
  • At AED 36,000 a year the gross yield on the 2017 price is 9.5%, 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 January 2025.

Questions about 622, MAG 515

What did unit 622 last sell for?

AED 380,000 on 24 October 2017, sold by the developer: AED 1,055 per sqft for 360 sqft. It is the only registered sale of the unit.

What is the rent for unit 622?

AED 36,000 a year on the contract signed on 1 January 2025. The previous contract, from January 2024, was AED 25,000; the unit has been rented since July 2022.

How big is unit 622?

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

What is unit 622 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 622? 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 622, MAG 515

Starts from the last sale price (AED 380K, 24 October 2017). Switch to today's estimate once you have unlocked it.
Price
AED 380,000
Deposit, UAE resident (20%)
AED 76,000
Deposit, non-resident (40%)
AED 152,000
Monthly over 25 years at 3.7%
AED 1,555

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