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Studio · 410 sqftMAG 520, Dubai South · 6th floor · completed 2020

615, MAG 520

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

Unit 615 · DLD and Ejari recordsUpdated 31 August 2026
Last soldAED 380K24 September 2019
Current rentAED 45K /yr31 August 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 615, MAG 520

What is 615 worth today?

Last sold for AED 380,000 in 2019

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31 Aug 2026RentedRenewal
AED 45,000/yr12 months · AED 110 per sqft
31 Aug 2025RentedNew contract
AED 45,000/yr12 months · AED 110 per sqft
1 Jun 2024RentedRenewal
AED 25,200/yr12 months · AED 62 per sqft
1 Jun 2023RentedRenewal
AED 21,000/yr12 months · AED 51 per sqft
1 Jun 2022RentedNew contract
AED 21,000/yr12 months · AED 51 per sqft
2 Dec 2021RentedRenewal
AED 18,000/yr12 months · AED 44 per sqft
1 Nov 2020RentedNew contract
AED 18,000/yr13 months · AED 44 per sqft
24 Sep 2019Sold by developerOff-plan
AED 380,000AED 927 per sqft

Source: Dubai Land Department. Updated 31 August 2026.

Key facts

Type
Studio apartment
Size
410 sqft
Floor
6th of 6
Parking
G-128
Developer
MAG
Completed
2020
Service charge
AED 7,300 /yr
Last sold
AED 380K · September 2019
Building
MAG 520

About 615, MAG 520

615 is a studio of 410 sqft on the 6th floor of MAG 520, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 24 September 2019 for AED 380,000, or AED 927 per sqft, 3% below the AED 956 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 7 Ejari contracts. The current contract, renewed on 31 August 2026, is AED 45,000 a year: a gross yield of 11.8% on the 2019 price, before the service charge of about AED 7,300 a year.

Sales and rents for 615 over time

Sales
Unit 615, each saleTypical studio in MAG 520
300K400K500K2018202120242027Typical sale price by year: 2018 AED 360,000; 2019 AED 365,000; 2021 AED 271,874; 2023 AED 310,000; 2024 AED 390,000; 2026 AED 484,500Sold by developer, September 2019: AED 380,000 (AED 927 per sqft)

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

Rents
Unit 615, each contractTypical studio in MAG 520
20K40K2020202220242026Typical rent by year: 2020 AED 20,000; 2021 AED 18,000; 2022 AED 20,000; 2023 AED 23,000; 2024 AED 34,500; 2025 AED 38,000; 2026 AED 37,000New contract, November 2020: AED 18,000 a yearRenewal, December 2021: AED 18,000 a yearNew contract, June 2022: AED 21,000 a yearRenewal, June 2023: AED 21,000 a yearRenewal, June 2024: AED 25,200 a yearNew contract, August 2025: AED 45,000 a yearRenewal, August 2026: AED 45,000 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in MAG 520, and where 615 sits

All 60 studios →

615 last sold in September 2019 at AED 927 per sqft, 3% below what studios in MAG 520 were fetching at the time (AED 956). Over the last 12 months studios sold for AED 450,000 to 530,000, around AED 1,285 per sqft, and rent for AED 26,565 to 45,000 a year. 615's AED 45,000 is at the top of that range.

Recent studio salesUnit no.Price (AED)Summary
4 Nov 2026450,000
15 Jul 2026470,000
7 Apr 2026499,000
27 Feb 2026530,000
4 studio sales in the last 12 months

MAG 520

Building

131 apartments, studios to 2-bed over 6 floors in Dubai South, completed in 2020 by MAG. 11 sold in the last 12 months.

Typical price per sqft
AED 1,180
Typical sale
AED 570K
Typical rent
AED 42K /yr
Typical yield
7.9%
MAG 520, Dubai South: prices, sales and rents →

Other units on the 6th floor

All 131 units in MAG 520
Value
6011-bedAED 468K · Jul 2019
602StudioAED 380K · Jul 2019
603StudioAED 470K · Jul 2026
6041-bedAED 396K · Sep 2020
6052-bedAED 497K · Jul 2019
6061-bedAED 570K · Oct 2026
607StudioAED 499K · Apr 2026
1–7 of 21

615, MAG 520 in numbers

  • Sold once: by MAG on 24 September 2019 for AED 380,000, or AED 927 per sqft.
  • Rented since November 2020 on 7 Ejari contracts, from AED 18,000 to AED 45,000 a year.
  • At AED 45,000 a year the gross yield on the 2019 price is 11.8%, before a service charge of about AED 7,300 a year (AED 17.72 per sqft).
  • Studios in MAG 520 sold for AED 450,000–530,000 in the 12 months to November 2026; the building's median across all types is AED 1,180 per sqft.

Source: Dubai Land Department. Updated 31 August 2026.

Questions about 615, MAG 520

What did unit 615 last sell for?

AED 380,000 on 24 September 2019, sold by the developer: AED 927 per sqft for 410 sqft. It is the only registered sale of the unit.

What is the rent for unit 615?

AED 45,000 a year on the contract renewed on 31 August 2026. The previous contract, from August 2025, was AED 45,000; the unit has been rented since November 2020.

How big is unit 615?

410 sqft (38.1 sqm): a studio on the 6th floor of a 6-storey tower completed in 2020.

What is unit 615 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in MAG 520 sold for AED 450,000 to 530,000 in the last 12 months, around AED 1,285 per sqft.

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Mortgage on 615, MAG 520

Starts from the last sale price (AED 380K, 24 September 2019). 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 →