318, MAG 515
Sold prices and rental history: sold once, by the developer in October 2017, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 318, MAG 515
What is 318 worth today?
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Source: Dubai Land Department. Updated 1 February 2023.
Key facts
- Type
- Studio apartment
- Size
- 437 sqft
- Floor
- 3rd of 6
- Parking
- G-64
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 7,500 /yr
- Last sold
- AED 405K · October 2017
- Building
- MAG 515
About 318, MAG 515
318 is a studio of 437 sqft on the 3rd floor of MAG 515, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 19 October 2017 for AED 405,000, or AED 926 per sqft, in line with the AED 939 studios in the building were fetching at the time.
It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 1 February 2023, is AED 26,500 a year: a gross yield of 6.5% on the 2017 price, before the service charge of about AED 7,500 a year.
Sales and rents for 318 over time
318 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 318 sits
All 59 studios →318 last sold in October 2017 at AED 926 per sqft, in line with what studios in MAG 515 were fetching at the time (AED 939). 318's AED 26,500 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 | |
| 308 | Studio | 347 sqft | AED 270KAED 270,000 · Apr 2023April 2023 | 24,000 /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 | |
| 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 |
318, MAG 515 in numbers
- Sold once: by MAG on 19 October 2017 for AED 405,000, or AED 926 per sqft.
- Rented since May 2022 on 2 Ejari contracts, from AED 21,000 to AED 26,500 a year.
- At AED 26,500 a year the gross yield on the 2017 price is 6.5%, before a service charge of about AED 7,500 a year (AED 17.07 per sqft).
Source: Dubai Land Department. Updated 1 February 2023.
Questions about 318, MAG 515
What did unit 318 last sell for?
AED 405,000 on 19 October 2017, sold by the developer: AED 926 per sqft for 437 sqft. It is the only registered sale of the unit.
What is the rent for unit 318?
AED 26,500 a year on the contract signed on 1 February 2023. The previous contract, from May 2022, was AED 21,000.
How big is unit 318?
437 sqft (40.6 sqm): a studio on the 3rd floor of a 6-storey tower completed in 2020.
What is unit 318 worth today?
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Mortgage on 318, MAG 515
Starts from the last sale price (AED 405K, 19 October 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 405,000
- Deposit, UAE resident (20%)
- AED 81,000
- Deposit, non-resident (40%)
- AED 162,000
- Monthly over 25 years at 3.7%
- AED 1,657
Plus AED 19,920 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →