117, MAG 515
Sold prices and rental history: sold 3 times, last in June 2024, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 117, MAG 515
What is 117 worth today?
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Source: Dubai Land Department. Updated 26 July 2025.
Key facts
- Type
- Studio apartment
- Size
- 437 sqft
- Floor
- 1st of 6
- Parking
- G-17
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 7,500 /yr
- Last sold
- AED 400K · June 2024
- Building
- MAG 515
About 117, MAG 515
117 is a studio of 437 sqft on the 1st floor of MAG 515, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 7 June 2024 for AED 400,000, or AED 915 per sqft, in line with the AED 907 studios in the building were fetching at the time.
It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, renewed on 26 July 2025, is AED 41,000 a year: a gross yield of 10.3% on the 2024 price, before the service charge of about AED 7,500 a year.
Sales and rents for 117 over time
117 has sold 3 times; 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 515, and where 117 sits
All 59 studios →117 last sold in June 2024 at AED 915 per sqft, in line with what studios in MAG 515 were fetching at the time (AED 907). 117's AED 41,000 is in the upper half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 10 Jul 202510 July 2025 | 387 sqft | 460,000 | 1,188 | ||
| 2 Jul 20252 July 2025 | 437 sqft | 400,000 | 915 | ||
| 16 Jun 202516 June 2025 | 360 sqft | 430,000 | 1,194 | ||
| 7 May 20257 May 2025 | 365 sqft | 415,000 | 1,136 |
MAG 515
Building132 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%
Other units on the 1st floor
All 132 units in MAG 515| ValueToday's value | |||||
|---|---|---|---|---|---|
| 101 | 1-bed | 628 sqft | AED 400KAED 400,000 · Feb 2022February 2022 | 34,000 /yr | |
| 102 | Studio | 387 sqft | AED 390KAED 390,000 · Oct 2017October 2017 | 18,000 /yr | |
| 103 | Studio | 365 sqft | AED 370KAED 370,000 · Oct 2018October 2018 | 37,000 /yr | |
| 104 | 1-bed | 478 sqft | AED 444KAED 443,758 · Jul 2017July 2017 | 44,000 /yr | |
| 105 | 2-bed | 669 sqft | AED 228KAED 227,668 · Dec 2022December 2022 | 40,000 /yr | |
| 106 | 1-bed | 483 sqft | AED 480KAED 480,000 · Jul 2018July 2018 | 50,000 /yr | |
| 107 | Studio | 387 sqft | AED 240KAED 240,000 · Mar 2021March 2021 | 40,000 /yr | |
| 108 | Studio | 347 sqft | AED 360KAED 360,000 · Jul 2018July 2018 | 19,000 /yr | |
| 109 | 1-bed | 478 sqft | AED 32KAED 32,436 · Jan 2026January 2026 | 51,000 /yr | |
| 110 | 2-bed | 665 sqft | AED 580KAED 580,000 · Sep 2018September 2018 | 60,000 /yr | |
| 111 | 1-bed | 483 sqft | AED 455KAED 455,000 · Nov 2019November 2019 | 30,800 /yr | |
| 112 | 1-bed | 656 sqft | AED 512KAED 511,500 · Nov 2019November 2019 | 50,000 /yr | |
| 113 | 622 sqft | AED 645KAED 645,000 · Sep 2025September 2025 | 40,000 /yr | ||
| 114 | 1-bed | 638 sqft | AED 435KAED 435,000 · Oct 2022October 2022 | 44,000 /yr | |
| 115 | Studio | 410 sqft | AED 373KAED 373,000 · Feb 2018February 2018 | 34,500 /yr | |
| 116 | Studio | 410 sqft | AED 377KAED 376,602 · Aug 2017August 2017 | 38,000 /yr | |
| 118 | Studio | 437 sqft | AED 425KAED 425,000 · Oct 2024October 2024 | 42,000 /yr | |
| 119 | 1-bed | 514 sqft | AED 500KAED 499,990 · Dec 2024December 2024 | 54,000 /yr | |
| 120 | 1-bed | 514 sqft | AED 474KAED 474,000 · Oct 2017October 2017 | 50,000 /yr | |
| 121 | Studio | 360 sqft | AED 380KAED 380,000 · Aug 2017August 2017 | 40,000 /yr | |
| 122 | Studio | 360 sqft | AED 350KAED 350,000 · Aug 2017August 2017 | 24,000 /yr |
117, MAG 515 in numbers
- Sold 3 times: first on 23 July 2017 for AED 400,000, last on 7 June 2024 for AED 400,000 (AED 915 per sqft).
- Rented since October 2020 on 5 Ejari contracts, from AED 20,500 to AED 41,000 a year.
- At AED 41,000 a year the gross yield on the 2024 price is 10.3%, before a service charge of about AED 7,500 a year (AED 17.07 per sqft).
Source: Dubai Land Department. Updated 26 July 2025.
Questions about 117, MAG 515
What did unit 117 last sell for?
AED 400,000 on 7 June 2024: AED 915 per sqft for 437 sqft. The unit has 3 registered sales; the first was AED 400,000 in July 2017.
What is the rent for unit 117?
AED 41,000 a year on the contract renewed on 26 July 2025. The previous contract, from July 2024, was AED 39,000; the unit has been rented since October 2020.
How big is unit 117?
437 sqft (40.6 sqm): a studio on the 1st floor of a 6-storey tower completed in 2020.
What is unit 117 worth today?
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Mortgage on 117, MAG 515
Starts from the last sale price (AED 400K, 7 June 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 400,000
- Deposit, UAE resident (20%)
- AED 80,000
- Deposit, non-resident (40%)
- AED 160,000
- Monthly over 25 years at 3.7%
- AED 1,637
Plus AED 19,710 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →