218, MAG 515
Sold prices and rental history: sold twice, last in August 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 218, MAG 515
What is 218 worth today?
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Source: Dubai Land Department. Updated 23 September 2024.
Key facts
- Type
- Studio apartment
- Size
- 437 sqft
- Floor
- 2nd of 6
- Parking
- G-40
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 7,500 /yr
- Last sold
- AED 430K · August 2024
- Building
- MAG 515
About 218, MAG 515
218 is a studio of 437 sqft on the 2nd floor of MAG 515, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 8 August 2024 for AED 429,999, or AED 984 per sqft, 8% above the AED 915 studios in the building were fetching at the time.
It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, signed on 23 September 2024, is AED 48,000 a year: a gross yield of 11.2% on the 2024 price, before the service charge of about AED 7,500 a year.
Sales and rents for 218 over time
218 has sold twice; 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 218 sits
All 59 studios →218 last sold in August 2024 at AED 984 per sqft, 8% above what studios in MAG 515 were fetching at the time (AED 915). 218's AED 48,000 is at the top 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 2nd floor
All 132 units in MAG 515| ValueToday's value | |||||
|---|---|---|---|---|---|
| 201 | 1-bed | 628 sqft | AED 450KAED 450,000 · Dec 2023December 2023 | 61,000 /yr | |
| 202 | Studio | 387 sqft | AED 355KAED 355,000 · Jul 2018July 2018 | 38,000 /yr | |
| 203 | Studio | 365 sqft | AED 275KAED 275,000 · Mar 2023March 2023 | 33,000 /yr | |
| 204 | 1-bed | 478 sqft | AED 450KAED 450,000 · Sep 2019September 2019 | ||
| 205 | 2-bed | 669 sqft | AED 446KAED 445,919 · Apr 2021April 2021 | ||
| 206 | 1-bed | 483 sqft | AED 445KAED 445,000 · Jul 2019July 2019 | 49,000 /yr | |
| 207 | Studio | 387 sqft | AED 310KAED 310,000 · Jul 2017July 2017 | 39,900 /yr | |
| 208 | Studio | 347 sqft | AED 348KAED 347,900 · Sep 2017September 2017 | 40,000 /yr | |
| 209 | 1-bed | 478 sqft | AED 453KAED 453,000 · Sep 2017September 2017 | 47,000 /yr | |
| 210 | 2-bed | 666 sqft | AED 600KAED 600,000 · Oct 2017October 2017 | 60,000 /yr | |
| 211 | 1-bed | 483 sqft | AED 460KAED 460,000 · Sep 2017September 2017 | 46,000 /yr | |
| 212 | 1-bed | 656 sqft | AED 480KAED 480,000 · Jun 2019June 2019 | 52,000 /yr | |
| 213 | 1-bed | 622 sqft | AED 535KAED 534,500 · Apr 2018April 2018 | 50,500 /yr | |
| 214 | 1-bed | 638 sqft | AED 625KAED 625,000 · Sep 2024September 2024 | 56,000 /yr | |
| 215 | Studio | 410 sqft | AED 385KAED 385,000 · Aug 2017August 2017 | 27,500 /yr | |
| 216 | Studio | 410 sqft | AED 395KAED 395,000 · Oct 2019October 2019 | 45,000 /yr | |
| 217 | Studio | 437 sqft | AED 415KAED 415,000 · Dec 2024December 2024 | 19,000 /yr | |
| 219 | 1-bed | 514 sqft | AED 495KAED 495,000 · Aug 2017August 2017 | ||
| 220 | 1-bed | 514 sqft | AED 500KAED 500,000 · Apr 2019April 2019 | 31,000 /yr | |
| 221 | Studio | 360 sqft | AED 260KAED 260,000 · Sep 2022September 2022 | 35,000 /yr | |
| 222 | Studio | 360 sqft | AED 265KAED 265,000 · Sep 2022September 2022 | 36,000 /yr |
218, MAG 515 in numbers
- Sold twice: first on 4 March 2018 for AED 395,000, last on 8 August 2024 for AED 429,999 (AED 984 per sqft).
- Rented since February 2020 on 5 Ejari contracts, from AED 19,000 to AED 48,000 a year.
- At AED 48,000 a year the gross yield on the 2024 price is 11.2%, before a service charge of about AED 7,500 a year (AED 17.07 per sqft).
Source: Dubai Land Department. Updated 23 September 2024.
Questions about 218, MAG 515
What did unit 218 last sell for?
AED 429,999 on 8 August 2024: AED 984 per sqft for 437 sqft. The unit has 2 registered sales; the first was AED 395,000 in March 2018.
What is the rent for unit 218?
AED 48,000 a year on the contract signed on 23 September 2024. The previous contract, from September 2023, was AED 20,000; the unit has been rented since February 2020.
How big is unit 218?
437 sqft (40.6 sqm): a studio on the 2nd floor of a 6-storey tower completed in 2020.
What is unit 218 worth today?
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Mortgage on 218, MAG 515
Starts from the last sale price (AED 430K, 8 August 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 429,999
- Deposit, UAE resident (20%)
- AED 86,000
- Deposit, non-resident (40%)
- AED 172,000
- Monthly over 25 years at 3.7%
- AED 1,759
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →