402, MAG 515
Sold prices and rental history: sold twice, last in July 2025, 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 402, MAG 515
What is 402 worth today?
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Source: Dubai Land Department. Updated 7 October 2025.
Key facts
- Type
- Studio apartment
- Size
- 387 sqft
- Floor
- 4th of 6
- Parking
- G-70
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 6,600 /yr
- Last sold
- AED 460K · July 2025
- Building
- MAG 515
About 402, MAG 515
402 is a studio of 387 sqft on the 4th floor of MAG 515, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 10 July 2025 for AED 460,000, or AED 1,188 per sqft, 15% above the AED 1,033 studios in the building were fetching at the time.
It has been rented continuously since 2020 on 6 Ejari contracts. The current contract, signed on 7 October 2025, is AED 42,000 a year: a gross yield of 9.1% on the 2025 price, before the service charge of about AED 6,600 a year.
Sales and rents for 402 over time
402 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 402 sits
All 59 studios →402 last sold in July 2025 at AED 1,188 per sqft, 15% above what studios in MAG 515 were fetching at the time (AED 1,033). 402's AED 42,000 is at the top of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 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 | ||
| 12 Mar 202512 March 2025 | 437 sqft | 410,000 | 938 |
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 4th floor
All 132 units in MAG 515| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 628 sqft | AED 595KAED 595,000 · Jul 2024July 2024 | 58,000 /yr | |
| 403 | Studio | 365 sqft | AED 335KAED 335,000 · Apr 2018April 2018 | 31,000 /yr | |
| 404 | 1-bed | 478 sqft | AED 483KAED 482,600 · Sep 2018September 2018 | 35,000 /yr | |
| 405 | 2-bed | 669 sqft | AED 469KAED 469,388 · Jul 2021July 2021 | 54,853 /yr | |
| 406 | 1-bed | 483 sqft | AED 440KAED 440,000 · May 2019May 2019 | 40,000 /yr | |
| 407 | Studio | 387 sqft | AED 355KAED 355,000 · Oct 2017October 2017 | ||
| 408 | Studio | 347 sqft | AED 320KAED 320,000 · Aug 2017August 2017 | 26,000 /yr | |
| 409 | 1-bed | 478 sqft | AED 515KAED 515,000 · Jan 2025January 2025 | 37,500 /yr | |
| 410 | 2-bed | 666 sqft | AED 550KAED 550,000 · Apr 2019April 2019 | 60,000 /yr | |
| 411 | 1-bed | 483 sqft | AED 400KAED 400,000 · Jul 2017July 2017 | 38,000 /yr | |
| 412 | 1-bed | 656 sqft | AED 580KAED 580,000 · Sep 2017September 2017 | 33,600 /yr | |
| 413 | 1-bed | 622 sqft | AED 540KAED 540,000 · Dec 2017December 2017 | 35,070 /yr | |
| 414 | 1-bed | 638 sqft | AED 450KAED 450,000 · Sep 2023September 2023 | 37,000 /yr | |
| 415 | Studio | 410 sqft | AED 373KAED 373,000 · Feb 2018February 2018 | 42,000 /yr | |
| 416 | Studio | 410 sqft | AED 375KAED 375,000 · Dec 2017December 2017 | 36,000 /yr | |
| 417 | Studio | 437 sqft | AED 395KAED 395,000 · Feb 2018February 2018 | 38,000 /yr | |
| 418 | 437 sqft | AED 525KAED 525,000 · Aug 2025August 2025 | 18,000 /yr | ||
| 419 | 1-bed | 514 sqft | AED 550KAED 550,000 · Aug 2024August 2024 | 33,000 /yr | |
| 420 | 1-bed | 514 sqft | AED 440KAED 440,000 · Oct 2017October 2017 | 50,000 /yr | |
| 421 | Studio | 360 sqft | AED 399KAED 399,000 · Jul 2024July 2024 | 38,000 /yr | |
| 422 | Studio | 360 sqft | AED 365KAED 365,000 · Aug 2017August 2017 | 35,903 /yr |
402, MAG 515 in numbers
- Sold twice: first on 10 August 2017 for AED 353,776, last on 10 July 2025 for AED 460,000 (AED 1,188 per sqft).
- Rented since June 2020 on 6 Ejari contracts. The rent fell from AED 20,000 to AED 17,000 in 2021 and recovered to AED 42,000 by October 2025.
- At AED 42,000 a year the gross yield on the 2025 price is 9.1%, before a service charge of about AED 6,600 a year (AED 17.07 per sqft).
Source: Dubai Land Department. Updated 7 October 2025.
Questions about 402, MAG 515
What did unit 402 last sell for?
AED 460,000 on 10 July 2025: AED 1,188 per sqft for 387 sqft. The unit has 2 registered sales; the first was AED 353,776 in August 2017.
What is the rent for unit 402?
AED 42,000 a year on the contract signed on 7 October 2025. The previous contract, from August 2024, was AED 31,000; the unit has been rented since June 2020.
How big is unit 402?
387 sqft (36.0 sqm): a studio on the 4th floor of a 6-storey tower completed in 2020.
What is unit 402 worth today?
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Mortgage on 402, MAG 515
Starts from the last sale price (AED 460K, 10 July 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 460,000
- Deposit, UAE resident (20%)
- AED 92,000
- Deposit, non-resident (40%)
- AED 184,000
- Monthly over 25 years at 3.7%
- AED 1,882
Plus AED 22,230 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →