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Studio · 387 sqftMAG 515, Dubai South · 1st floor · completed 2020

107, MAG 515

Sold prices and rental history: sold twice, last in March 2021, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 107 · DLD and Ejari recordsUpdated 29 August 2025
Last soldAED 240K16 March 2021
Current rentAED 40K /yr29 August 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 107, MAG 515

What is 107 worth today?

Last sold for AED 240,000 in 2021

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29 Aug 2025RentedNew contract
AED 40,000/yr12 months · AED 103 per sqft
1 Aug 2024RentedNew contract
AED 35,000/yr12 months · AED 90 per sqft
15 Nov 2022RentedNew contract
AED 22,000/yr12 months · AED 57 per sqft
16 Mar 2021SoldReady
AED 240,000AED 620 per sqft
1 Feb 2021RentedNew contract
AED 19,000/yr12 months · AED 49 per sqft
1 Feb 2020RentedNew contract
AED 20,500/yr12 months · AED 53 per sqft
6 Nov 2017Sold by developerOff-plan
AED 357,000AED 922 per sqft

Source: Dubai Land Department. Updated 29 August 2025.

Key facts

Type
Studio apartment
Size
387 sqft
Floor
1st of 6
Parking
G-07
Developer
MAG
Completed
2020
Service charge
AED 6,600 /yr
Last sold
AED 240K · March 2021
Building
MAG 515

About 107, MAG 515

107 is a studio of 387 sqft on the 1st floor of MAG 515, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 16 March 2021 for AED 240,000, or AED 620 per sqft.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, signed on 29 August 2025, is AED 40,000 a year: a gross yield of 16.7% on the 2021 price, before the service charge of about AED 6,600 a year.

Sales and rents for 107 over time

Sales
Unit 107, each saleTypical studio in MAG 515
300K400K2017202020232026Typical sale price by year: 2017 AED 365,000; 2018 AED 371,280; 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, November 2017: AED 357,000 (AED 922 per sqft)Sold, March 2021: AED 240,000 (AED 620 per sqft)

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

Rents
Unit 107, each contractTypical studio in MAG 515
20K30K40K2020202220242026Typical rent by year: 2020 AED 20,000; 2021 AED 18,000; 2022 AED 21,000; 2023 AED 24,933; 2024 AED 33,000; 2025 AED 39,950; 2026 AED 37,000New contract, February 2020: AED 20,500 a yearNew contract, February 2021: AED 19,000 a yearNew contract, November 2022: AED 22,000 a yearNew contract, August 2024: AED 35,000 a yearNew contract, August 2025: AED 40,000 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 107 sits

All 59 studios →

107's AED 40,000 is in the upper half of that range.

Recent studio salesUnit no.Price (AED)Summary
10 Jul 2025460,000
2 Jul 2025400,000
16 Jun 2025430,000
7 May 2025415,000
0 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. 1 sold in the last 12 months.

Typical price per sqft
AED 67
Typical sale
AED 32K
Typical rent
AED 43K /yr
Typical yield
144.0%
MAG 515, Dubai South: prices, sales and rents →

Other units on the 1st floor

All 132 units in MAG 515
Value
1011-bedAED 400K · Feb 2022
102StudioAED 390K · Oct 2017
103StudioAED 370K · Oct 2018
1041-bedAED 444K · Jul 2017
1052-bedAED 228K · Dec 2022
1061-bedAED 480K · Jul 2018
108StudioAED 360K · Jul 2018
1–7 of 21

107, MAG 515 in numbers

  • Sold twice: first on 6 November 2017 for AED 357,000, last on 16 March 2021 for AED 240,000 (AED 620 per sqft).
  • Rented since February 2020 on 5 Ejari contracts, from AED 20,500 to AED 40,000 a year.
  • At AED 40,000 a year the gross yield on the 2021 price is 16.7%, before a service charge of about AED 6,600 a year (AED 17.07 per sqft).

Source: Dubai Land Department. Updated 29 August 2025.

Questions about 107, MAG 515

What did unit 107 last sell for?

AED 240,000 on 16 March 2021: AED 620 per sqft for 387 sqft. The unit has 2 registered sales; the first was AED 357,000 in November 2017.

What is the rent for unit 107?

AED 40,000 a year on the contract signed on 29 August 2025. The previous contract, from August 2024, was AED 35,000; the unit has been rented since February 2020.

How big is unit 107?

387 sqft (36.0 sqm): a studio on the 1st floor of a 6-storey tower completed in 2020.

What is unit 107 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 107, MAG 515

Starts from the last sale price (AED 240K, 16 March 2021). Switch to today's estimate once you have unlocked it.
Price
AED 240,000
Deposit, UAE resident (20%)
AED 48,000
Deposit, non-resident (40%)
AED 96,000
Monthly over 25 years at 3.7%
AED 982

Plus AED 12,990 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →