308, MAG 515
Sold prices and rental history: sold twice, last in April 2023, 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 308, MAG 515
What is 308 worth today?
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Source: Dubai Land Department. Updated 12 April 2024.
Key facts
- Type
- Studio apartment
- Size
- 347 sqft
- Floor
- 3rd of 6
- Parking
- G-54
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 5,900 /yr
- Last sold
- AED 270K · April 2023
- Building
- MAG 515
About 308, MAG 515
308 is a studio of 347 sqft on the 3rd floor of MAG 515, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 6 April 2023 for AED 270,000, or AED 777 per sqft, 6% above the AED 732 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 12 April 2024, is AED 24,000 a year: a gross yield of 8.9% on the 2023 price, before the service charge of about AED 5,900 a year.
Sales and rents for 308 over time
308 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 308 sits
All 59 studios →308 last sold in April 2023 at AED 777 per sqft, 6% above what studios in MAG 515 were fetching at the time (AED 732). 308'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 3rd floor
All 132 units in MAG 515| ValueToday's value | |||||
|---|---|---|---|---|---|
| 301 | 1-bed | 628 sqft | AED 490KAED 490,000 · May 2024May 2024 | 36,750 /yr | |
| 302 | Studio | 387 sqft | AED 390KAED 390,000 · Jan 2018January 2018 | 27,500 /yr | |
| 303 | Studio | 365 sqft | AED 415KAED 415,000 · May 2025May 2025 | 38,000 /yr | |
| 304 | 1-bed | 478 sqft | AED 470KAED 470,250 · Sep 2018September 2018 | 33,500 /yr | |
| 305 | 2-bed | 669 sqft | AED 650KAED 650,000 · Nov 2017November 2017 | 60,000 /yr | |
| 306 | 1-bed | 483 sqft | AED 448KAED 447,700 · Mar 2018March 2018 | 50,000 /yr | |
| 307 | Studio | 387 sqft | AED 400KAED 400,000 · Dec 2024December 2024 | 40,000 /yr | |
| 309 | 1-bed | 478 sqft | AED 540KAED 540,000 · Apr 2025April 2025 | 33,000 /yr | |
| 310 | 2-bed | 666 sqft | AED 620KAED 620,000 · Oct 2017October 2017 | ||
| 311 | 1-bed | 483 sqft | AED 440KAED 440,000 · Aug 2017August 2017 | 33,000 /yr | |
| 312 | 1-bed | 656 sqft | AED 555KAED 555,000 · Sep 2018September 2018 | 41,000 /yr | |
| 313 | 1-bed | 622 sqft | AED 515KAED 515,234 · Nov 2017November 2017 | 55,000 /yr | |
| 314 | 1-bed | 638 sqft | AED 584KAED 584,000 · Aug 2017August 2017 | 23,000 /yr | |
| 315 | Studio | 410 sqft | AED 375KAED 375,000 · Aug 2022August 2022 | 23,000 /yr | |
| 316 | Studio | 410 sqft | AED 400KAED 400,000 · Dec 2017December 2017 | ||
| 317 | Studio | 437 sqft | AED 320KAED 320,000 · May 2019May 2019 | 34,000 /yr | |
| 318 | Studio | 437 sqft | AED 405KAED 405,000 · Oct 2017October 2017 | 26,500 /yr | |
| 319 | 1-bed | 514 sqft | AED 500KAED 500,000 · Jul 2019July 2019 | 45,000 /yr | |
| 320 | 1-bed | 514 sqft | AED 615KAED 615,000 · Mar 2025March 2025 | 35,000 /yr | |
| 321 | Studio | 360 sqft | AED 355KAED 355,000 · Sep 2017September 2017 | 41,000 /yr | |
| 322 | Studio | 360 sqft | AED 355KAED 355,000 · Sep 2017September 2017 | 40,000 /yr |
308, MAG 515 in numbers
- Sold twice: first on 17 August 2017 for AED 320,000, last on 6 April 2023 for AED 270,000 (AED 777 per sqft).
- Rented since March 2020 on 5 Ejari contracts, from AED 18,000 to AED 24,000 a year.
- At AED 24,000 a year the gross yield on the 2023 price is 8.9%, before a service charge of about AED 5,900 a year (AED 17.07 per sqft).
Source: Dubai Land Department. Updated 12 April 2024.
Questions about 308, MAG 515
What did unit 308 last sell for?
AED 270,000 on 6 April 2023: AED 777 per sqft for 347 sqft. The unit has 2 registered sales; the first was AED 320,000 in August 2017.
What is the rent for unit 308?
AED 24,000 a year on the contract renewed on 12 April 2024. The previous contract, from April 2023, was AED 20,000; the unit has been rented since March 2020.
How big is unit 308?
347 sqft (32.2 sqm): a studio on the 3rd floor of a 6-storey tower completed in 2020.
What is unit 308 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 308, MAG 515
Starts from the last sale price (AED 270K, 6 April 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 270,000
- Deposit, UAE resident (20%)
- AED 54,000
- Deposit, non-resident (40%)
- AED 108,000
- Monthly over 25 years at 3.7%
- AED 1,105
Plus AED 14,250 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →