222, MAG 515
Sold prices and rental history: sold 3 times, last in September 2022, and rented once, from October 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 222, MAG 515
What is 222 worth today?
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Source: Dubai Land Department. Updated 1 October 2023.
Key facts
- Type
- Studio apartment
- Size
- 360 sqft
- Floor
- 2nd of 6
- Parking
- G-119
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 6,100 /yr
- Last sold
- AED 265K · September 2022
- Building
- MAG 515
About 222, MAG 515
222 is a studio of 360 sqft on the 2nd floor of MAG 515, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 1 September 2022 for AED 265,000, or AED 736 per sqft, 6% above the AED 694 studios in the building were fetching at the time.
One Ejari contract is registered, from 1 October 2023. The current contract, signed on 1 October 2023, is AED 36,000 a year: a gross yield of 13.6% on the 2022 price, before the service charge of about AED 6,100 a year.
Sales and rents for 222 over time
222 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 222 sits
All 59 studios →222 last sold in September 2022 at AED 736 per sqft, 6% above what studios in MAG 515 were fetching at the time (AED 694). 222's AED 36,000 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 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 | |
| 218 | Studio | 437 sqft | AED 430KAED 429,999 · Aug 2024August 2024 | 48,000 /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, MAG 515 in numbers
- Sold 3 times: first on 26 September 2017 for AED 355,000, last on 1 September 2022 for AED 265,000 (AED 736 per sqft).
- Rented since October 2023 on one Ejari contract, at AED 36,000 a year.
- At AED 36,000 a year the gross yield on the 2022 price is 13.6%, before a service charge of about AED 6,100 a year (AED 17.07 per sqft).
Source: Dubai Land Department. Updated 1 October 2023.
Questions about 222, MAG 515
What did unit 222 last sell for?
AED 265,000 on 1 September 2022: AED 736 per sqft for 360 sqft. The unit has 3 registered sales; the first was AED 355,000 in September 2017.
What is the rent for unit 222?
AED 36,000 a year on the contract signed on 1 October 2023.
How big is unit 222?
360 sqft (33.4 sqm): a studio on the 2nd floor of a 6-storey tower completed in 2020.
What is unit 222 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 222, MAG 515
Starts from the last sale price (AED 265K, 1 September 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 265,000
- Deposit, UAE resident (20%)
- AED 53,000
- Deposit, non-resident (40%)
- AED 106,000
- Monthly over 25 years at 3.7%
- AED 1,084
Plus AED 14,040 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →