515, MAG 565
Sold prices and rental history: sold once, by the developer in December 2020, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 515, MAG 565
What is 515 worth today?
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Source: Dubai Land Department. Updated 1 September 2026.
Key facts
- Type
- Studio apartment
- Size
- 410 sqft
- Floor
- 5th of 6
- Parking
- G-103
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 6,700 /yr
- Last sold
- AED 359K · December 2020
- Building
- MAG 565
About 515, MAG 565
515 is a studio of 410 sqft on the 5th floor of MAG 565, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 21 December 2020 for AED 358,950, or AED 875 per sqft, 9% above the AED 801 studios in the building were fetching at the time.
It has been rented since 2021 on 3 Ejari contracts. The current contract, signed on 1 September 2026, is AED 42,000 a year: a gross yield of 11.7% on the 2020 price, before the service charge of about AED 6,700 a year.
Sales and rents for 515 over time
515 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 565, and where 515 sits
All 66 studios →515 last sold in December 2020 at AED 875 per sqft, 9% above what studios in MAG 565 were fetching at the time (AED 801). Over the last 12 months studios sold for AED 425,000 to 500,000, around AED 1,195 per sqft, and rent for AED 30,000 to 54,000 a year. 515's AED 42,000 is in the upper half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 21 Oct 202621 October 2026 | 410 sqft | 479,000 | 1,167 | ||
| 21 May 202621 May 2026 | 347 sqft | 425,000 | 1,223 | ||
| 20 May 202620 May 2026 | 347 sqft | 440,000 | 1,266 | ||
| 22 Nov 202522 November 2025 | 437 sqft | 500,000 | 1,144 |
MAG 565
Building132 apartments, studios to 2-bed over 6 floors in Dubai South, completed in 2020 by MAG. 7 sold in the last 12 months.
- Typical price per sqft
- AED 1,206
- Typical sale
- AED 500K
- Typical rent
- AED 42K /yr
- Typical yield
- 7.7%
Other units on the 5th floor
All 132 units in MAG 565| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 629 sqft | AED 502KAED 502,327 · Mar 2019March 2019 | 24,080 /yr | |
| 502 | Studio | 389 sqft | AED 250KAED 250,000 · Jul 2020July 2020 | 33,000 /yr | |
| 503 | Studio | 365 sqft | AED 330KAED 330,000 · Nov 2023November 2023 | 37,800 /yr | |
| 504 | 1-bed | 481 sqft | AED 437KAED 437,000 · Nov 2019November 2019 | 42,000 /yr | |
| 505 | 2-bed | 670 sqft | AED 562KAED 562,284 · Jul 2018July 2018 | 40,878 /yr | |
| 506 | 1-bed | 483 sqft | AED 425KAED 425,000 · May 2018May 2018 | 42,000 /yr | |
| 507 | Studio | 389 sqft | AED 446KAED 446,000 · Mar 2025March 2025 | 54,000 /yr | |
| 508 | Studio | 349 sqft | AED 320KAED 320,000 · May 2018May 2018 | 30,450 /yr | |
| 509 | 1-bed | 481 sqft | AED 420KAED 420,000 · Feb 2024February 2024 | 33,541 /yr | |
| 510 | 2-bed | 668 sqft | AED 497KAED 497,000 · Sep 2019September 2019 | 47,880 /yr | |
| 511 | 1-bed | 483 sqft | AED 425KAED 425,000 · Feb 2018February 2018 | 34,000 /yr | |
| 512 | 2-bed | 914 sqft | AED 750KAED 749,699 · Jul 2018July 2018 | 72,000 /yr | |
| 513 | 1-bed | 623 sqft | AED 468KAED 468,000 · Jul 2018July 2018 | 50,000 /yr | |
| 514 | Studio | 383 sqft | AED 350KAED 350,000 · Aug 2024August 2024 | 36,000 /yr | |
| 516 | Studio | 410 sqft | AED 479KAED 479,000 · Oct 2026October 2026 | 45,000 /yr | |
| 517 | Studio | 437 sqft | AED 500KAED 500,000 · Nov 2025November 2025 | 43,000 /yr | |
| 518 | Studio | 437 sqft | AED 402KAED 402,000 · May 2018May 2018 | 40,000 /yr | |
| 519 | 1-bed | 514 sqft | AED 550KAED 550,000 · May 2025May 2025 | 48,000 /yr | |
| 520 | 1-bed | 514 sqft | AED 580KAED 580,000 · Jul 2025July 2025 | 54,000 /yr | |
| 521 | Studio | 360 sqft | AED 367KAED 367,300 · Aug 2019August 2019 | ||
| 522 | Studio | 360 sqft | AED 367KAED 367,285 · Dec 2017December 2017 | 37,000 /yr |
515, MAG 565 in numbers
- Sold once: by MAG on 21 December 2020 for AED 358,950, or AED 875 per sqft.
- Rented since March 2021 on 3 Ejari contracts, from AED 22,000 to AED 42,000 a year.
- At AED 42,000 a year the gross yield on the 2020 price is 11.7%, before a service charge of about AED 6,700 a year (AED 16.26 per sqft).
- Studios in MAG 565 sold for AED 425,000–500,000 in the 12 months to November 2026; the building's median across all types is AED 1,206 per sqft.
Source: Dubai Land Department. Updated 1 September 2026.
Questions about 515, MAG 565
What did unit 515 last sell for?
AED 358,950 on 21 December 2020, sold by the developer: AED 875 per sqft for 410 sqft. It is the only registered sale of the unit.
What is the rent for unit 515?
AED 42,000 a year on the contract signed on 1 September 2026. The previous contract, from May 2022, was AED 22,000; the unit has been rented since March 2021.
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 565 sold for AED 425,000 to 500,000 in the last 12 months, around AED 1,195 per sqft.
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Mortgage on 515, MAG 565
Starts from the last sale price (AED 359K, 21 December 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 358,950
- Deposit, UAE resident (20%)
- AED 71,790
- Deposit, non-resident (40%)
- AED 143,580
- Monthly over 25 years at 3.7%
- AED 1,469
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →