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Studio · 410 sqftMAG 560, Dubai South · 5th floor · completed 2020

515, MAG 560

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

Unit 515 · DLD and Ejari recordsUpdated 16 September 2026
Last soldAED 460K17 June 2025
Current rentAED 36K /yr16 September 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 515, MAG 560

What is 515 worth today?

Last sold for AED 460,000 in 2025

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16 Sep 2026RentedNew contract
AED 36,000/yr12 months · AED 88 per sqft
15 Aug 2025RentedNew contract
AED 40,000/yr12 months · AED 98 per sqft
17 Jun 2025SoldReady
AED 460,000AED 1,122 per sqft
27 Jul 2024RentedNew contract
AED 36,000/yr12 months · AED 88 per sqft
1 Jul 2020RentedNew contract
AED 37,457/yr12 months · AED 92 per sqft
10 Jun 2019Sold by developerOff-plan
AED 385,000AED 939 per sqft

Source: Dubai Land Department. Updated 16 September 2026.

Key facts

Type
Studio apartment
Size
410 sqft
Floor
5th of 6
Parking
G-104
Developer
MAG
Completed
2020
Service charge
AED 7,300 /yr
Last sold
AED 460K · June 2025
Building
MAG 560

About 515, MAG 560

515 is a studio of 410 sqft on the 5th floor of MAG 560, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 17 June 2025 for AED 460,000, or AED 1,122 per sqft, in line with the AED 1,122 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, signed on 16 September 2026, is AED 36,000 a year: a gross yield of 7.8% on the 2025 price, before the service charge of about AED 7,300 a year.

Sales and rents for 515 over time

Sales
Unit 515, each saleTypical studio in MAG 560
300K400K2017202020232026Typical sale price by year: 2017 AED 342,780; 2018 AED 340,000; 2019 AED 350,000; 2020 AED 327,750; 2021 AED 278,847; 2022 AED 299,000; 2023 AED 320,000; 2024 AED 370,000; 2025 AED 460,000Sold by developer, June 2019: AED 385,000 (AED 939 per sqft)Sold, June 2025: AED 460,000 (AED 1,122 per sqft)

515 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 515, each contractTypical studio in MAG 560
20K30K40K2020202220242026Typical rent by year: 2020 AED 20,000; 2021 AED 19,000; 2022 AED 21,250; 2023 AED 25,000; 2024 AED 31,000; 2025 AED 37,000; 2026 AED 38,000New contract, July 2020: AED 37,457 a yearNew contract, July 2024: AED 36,000 a yearNew contract, August 2025: AED 40,000 a yearNew contract, September 2026: 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 560, and where 515 sits

All 60 studios →

515 last sold in June 2025 at AED 1,122 per sqft, in line with what studios in MAG 560 were fetching at the time (AED 1,122). Over the last 12 months studios sold for AED 430,000 to 495,000, around AED 1,128 per sqft, and rent for AED 20,000 to 46,000 a year. 515's AED 36,000 is in the upper half of that range.

Recent studio salesUnit no.Price (AED)Summary
10 Jun 2026430,000
4 Dec 2025495,000
15 Sep 2025465,000
11 Aug 2025430,000
2 studio sales in the last 12 months

MAG 560

Building

132 apartments, studios to 2-bed over 6 floors in Dubai South, completed in 2020 by MAG. 4 sold in the last 12 months.

Typical price per sqft
AED 1,085
Typical sale
AED 558K
Typical rent
AED 42K /yr
Typical yield
8.5%
MAG 560, Dubai South: prices, sales and rents →

Other units on the 5th floor

All 132 units in MAG 560
Value
5011-bedAED 530K · Nov 2017
502StudioAED 323K · Oct 2022
503StudioAED 350K · May 2024
5041-bedAED 443K · Aug 2017
5052-bedAED 520K · Dec 2017
5061-bedAED 448K · Jan 2018
507StudioAED 325K · Jul 2017
1–7 of 21

515, MAG 560 in numbers

  • Sold twice: first on 10 June 2019 for AED 385,000, last on 17 June 2025 for AED 460,000 (AED 1,122 per sqft).
  • Rented since July 2020 on 4 Ejari contracts, from AED 37,457 to AED 36,000 a year.
  • At AED 36,000 a year the gross yield on the 2025 price is 7.8%, before a service charge of about AED 7,300 a year (AED 17.79 per sqft).
  • Studios in MAG 560 sold for AED 430,000–495,000 in the 12 months to November 2026; the building's median across all types is AED 1,085 per sqft.

Source: Dubai Land Department. Updated 16 September 2026.

Questions about 515, MAG 560

What did unit 515 last sell for?

AED 460,000 on 17 June 2025: AED 1,122 per sqft for 410 sqft. The unit has 2 registered sales; the first was AED 385,000 in June 2019.

What is the rent for unit 515?

AED 36,000 a year on the contract signed on 16 September 2026. The previous contract, from August 2025, was AED 40,000; the unit has been rented since July 2020.

How big is unit 515?

410 sqft (38.1 sqm): a studio on the 5th floor of a 6-storey tower completed in 2020.

What is unit 515 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in MAG 560 sold for AED 430,000 to 495,000 in the last 12 months, around AED 1,128 per sqft.

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Mortgage on 515, MAG 560

Starts from the last sale price (AED 460K, 17 June 2025). Switch to today's estimate once you have unlocked it.
Price
AED 460,000
Deposit, UAE resident (20%)
AED 92,000
Deposit, non-resident (40%)
AED 184,000
Monthly over 25 years at 3.7%
AED 1,882

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