122, MAG 515
Sold prices and rental history: sold once, by the developer in August 2017, 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 122, MAG 515
What is 122 worth today?
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Source: Dubai Land Department. Updated 2 February 2024.
Key facts
- Type
- Studio apartment
- Size
- 360 sqft
- Floor
- 1st of 6
- Parking
- G-22
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 6,100 /yr
- Last sold
- AED 350K · August 2017
- Building
- MAG 515
About 122, MAG 515
122 is a studio of 360 sqft on the 1st floor of MAG 515, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 29 August 2017 for AED 350,000, or AED 972 per sqft, 6% above the AED 921 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 2 February 2024, is AED 24,000 a year: a gross yield of 6.9% on the 2017 price, before the service charge of about AED 6,100 a year.
Sales and rents for 122 over time
122 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 515, and where 122 sits
All 59 studios →122 last sold in August 2017 at AED 972 per sqft, 6% above what studios in MAG 515 were fetching at the time (AED 921). 122's AED 24,000 is at the bottom 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 | |
| 117 | Studio | 437 sqft | AED 400KAED 400,000 · Jun 2024June 2024 | 41,000 /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, MAG 515 in numbers
- Sold once: by MAG on 29 August 2017 for AED 350,000, or AED 972 per sqft.
- Rented since February 2020 on 5 Ejari contracts. The rent fell from AED 23,929 to AED 16,200 in 2021 and recovered to AED 24,000 by February 2024.
- At AED 24,000 a year the gross yield on the 2017 price is 6.9%, before a service charge of about AED 6,100 a year (AED 17.07 per sqft).
Source: Dubai Land Department. Updated 2 February 2024.
Questions about 122, MAG 515
What did unit 122 last sell for?
AED 350,000 on 29 August 2017, sold by the developer: AED 972 per sqft for 360 sqft. It is the only registered sale of the unit.
What is the rent for unit 122?
AED 24,000 a year on the contract renewed on 2 February 2024. The previous contract, from February 2023, was AED 21,600; the unit has been rented since February 2020.
How big is unit 122?
360 sqft (33.4 sqm): a studio on the 1st floor of a 6-storey tower completed in 2020.
What is unit 122 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 122, MAG 515
Starts from the last sale price (AED 350K, 29 August 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 350,000
- Deposit, UAE resident (20%)
- AED 70,000
- Deposit, non-resident (40%)
- AED 140,000
- Monthly over 25 years at 3.7%
- AED 1,432
Plus AED 17,610 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →