503, MAG 515
Sold prices and rental history: sold once, by the developer in May 2019, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 503, MAG 515
What is 503 worth today?
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Source: Dubai Land Department. Updated 1 May 2025.
Key facts
- Type
- Studio apartment
- Size
- 365 sqft
- Floor
- 5th of 6
- Parking
- G-94
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 6,200 /yr
- Last sold
- AED 350K · May 2019
- Building
- MAG 515
About 503, MAG 515
503 is a studio of 365 sqft on the 5th floor of MAG 515, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 14 May 2019 for AED 350,000, or AED 958 per sqft, in line with the AED 935 studios in the building were fetching at the time.
It has been rented since 2023 on 3 Ejari contracts. The current contract, signed on 1 May 2025, is AED 42,000 a year: a gross yield of 12.0% on the 2019 price, before the service charge of about AED 6,200 a year.
Sales and rents for 503 over time
503 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 503 sits
All 59 studios →503 last sold in May 2019 at AED 958 per sqft, in line with what studios in MAG 515 were fetching at the time (AED 935). 503's AED 42,000 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 5th floor
All 132 units in MAG 515| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 629 sqft | AED 550KAED 550,000 · Mar 2018March 2018 | 49,862 /yr | |
| 502 | Studio | 389 sqft | AED 250KAED 250,000 · Sep 2020September 2020 | 33,000 /yr | |
| 504 | 1-bed | 478 sqft | AED 499KAED 499,000 · Nov 2023November 2023 | 46,000 /yr | |
| 505 | 2-bed | 669 sqft | AED 638KAED 638,420 · May 2018May 2018 | 52,000 /yr | |
| 506 | 1-bed | 483 sqft | AED 490KAED 490,000 · Jan 2025January 2025 | 23,000 /yr | |
| 507 | Studio | 389 sqft | AED 365KAED 365,000 · Mar 2018March 2018 | 35,000 /yr | |
| 508 | Studio | 349 sqft | AED 346KAED 346,333 · Jun 2019June 2019 | 26,000 /yr | |
| 509 | 1-bed | 478 sqft | AED 560KAED 560,000 · Feb 2025February 2025 | 33,000 /yr | |
| 510 | 2-bed | 666 sqft | AED 667KAED 667,000 · Jan 2025January 2025 | 60,000 /yr | |
| 511 | 1-bed | 483 sqft | AED 445KAED 445,280 · Nov 2018November 2018 | 60,000 /yr | |
| 512 | 1-bed | 657 sqft | AED 590KAED 590,000 · Nov 2017November 2017 | 48,000 /yr | |
| 513 | 1-bed | 623 sqft | AED 467KAED 466,695 · Jul 2018July 2018 | 58,000 /yr | |
| 514 | 1-bed | 638 sqft | AED 579KAED 578,742 · Feb 2018February 2018 | 55,000 /yr | |
| 515 | Studio | 410 sqft | AED 425KAED 425,000 · Dec 2024December 2024 | 40,000 /yr | |
| 516 | Studio | 410 sqft | AED 420KAED 420,000 · Aug 2024August 2024 | 38,000 /yr | |
| 517 | Studio | 437 sqft | AED 460KAED 460,000 · Nov 2024November 2024 | 39,000 /yr | |
| 518 | Studio | 437 sqft | AED 403KAED 403,000 · Dec 2017December 2017 | 40,000 /yr | |
| 519 | 1-bed | 514 sqft | AED 550KAED 550,000 · May 2025May 2025 | 36,000 /yr | |
| 520 | 1-bed | 514 sqft | AED 500KAED 500,000 · Dec 2017December 2017 | 25,500 /yr | |
| 521 | Studio | 360 sqft | AED 370KAED 370,000 · Jul 2017July 2017 | 24,000 /yr | |
| 522 | Studio | 360 sqft | AED 430KAED 430,000 · Jun 2025June 2025 | 42,000 /yr |
503, MAG 515 in numbers
- Sold once: by MAG on 14 May 2019 for AED 350,000, or AED 958 per sqft.
- Rented since May 2023 on 3 Ejari contracts, from AED 27,500 to AED 42,000 a year.
- At AED 42,000 a year the gross yield on the 2019 price is 12.0%, before a service charge of about AED 6,200 a year (AED 17.07 per sqft).
Source: Dubai Land Department. Updated 1 May 2025.
Questions about 503, MAG 515
What did unit 503 last sell for?
AED 350,000 on 14 May 2019, sold by the developer: AED 958 per sqft for 365 sqft. It is the only registered sale of the unit.
What is the rent for unit 503?
AED 42,000 a year on the contract signed on 1 May 2025. The previous contract, from May 2024, was AED 36,000; the unit has been rented since May 2023.
How big is unit 503?
365 sqft (33.9 sqm): a studio on the 5th floor of a 6-storey tower completed in 2020.
What is unit 503 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 503, MAG 515
Starts from the last sale price (AED 350K, 14 May 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 350,000
- Deposit, UAE resident (20%)
- AED 70,000
- Deposit, non-resident (40%)
- AED 140,000
- Monthly over 25 years at 3.7%
- AED 1,432
Plus AED 17,610 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →