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Studio · 389 sqftMAG 515, Dubai South · 5th floor · completed 2020

507, MAG 515

Sold prices and rental history: sold once, by the developer in March 2018, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 507 · DLD and Ejari recordsUpdated 19 March 2025
Last soldAED 365K26 March 2018
Current rentAED 35K /yr19 March 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 507, MAG 515

What is 507 worth today?

Last sold for AED 365,000 in 2018

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19 Mar 2025RentedNew contract
AED 35,000/yr12 months · AED 90 per sqft
20 Feb 2024RentedRenewal
AED 26,000/yr12 months · AED 67 per sqft
20 Feb 2023RentedNew contract
AED 22,000/yr12 months · AED 57 per sqft
15 Nov 2021RentedNew contract
AED 18,000/yr12 months · AED 46 per sqft
12 Feb 2021RentedNew contract
AED 16,500/yr12 months · AED 43 per sqft
26 Mar 2018Sold by developerOff-plan
AED 365,000AED 938 per sqft

Source: Dubai Land Department. Updated 19 March 2025.

Key facts

Type
Studio apartment
Size
389 sqft
Floor
5th of 6
Parking
G-98
Developer
MAG
Completed
2020
Service charge
AED 6,600 /yr
Last sold
AED 365K · March 2018
Building
MAG 515

About 507, MAG 515

507 is a studio of 389 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 26 March 2018 for AED 365,000, or AED 938 per sqft, in line with the AED 932 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, signed on 19 March 2025, is AED 35,000 a year: a gross yield of 9.6% on the 2018 price, before the service charge of about AED 6,600 a year.

Sales and rents for 507 over time

Sales
Unit 507, each saleTypical studio in MAG 515
300K400K2017202020232026Typical sale price by year: 2017 AED 365,000; 2018 AED 371,280; 2019 AED 360,000; 2021 AED 275,000; 2022 AED 260,000; 2023 AED 323,140; 2024 AED 415,000; 2025 AED 415,000Sold by developer, March 2018: AED 365,000 (AED 938 per sqft)

507 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 507, each contractTypical studio in MAG 515
20K40K2020202220242026Typical rent by year: 2020 AED 20,000; 2021 AED 18,000; 2022 AED 21,000; 2023 AED 24,933; 2024 AED 33,000; 2025 AED 39,950; 2026 AED 37,000New contract, February 2021: AED 16,500 a yearNew contract, November 2021: AED 18,000 a yearNew contract, February 2023: AED 22,000 a yearRenewal, February 2024: AED 26,000 a yearNew contract, March 2025: AED 35,000 a year

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 507 sits

All 59 studios →

507 last sold in March 2018 at AED 938 per sqft, in line with what studios in MAG 515 were fetching at the time (AED 932). 507's AED 35,000 is in the upper half of that range.

Recent studio salesUnit no.Price (AED)Summary
10 Jul 2025460,000
2 Jul 2025400,000
16 Jun 2025430,000
7 May 2025415,000
0 studio sales in the last 12 months

MAG 515

Building

132 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%
MAG 515, Dubai South: prices, sales and rents →

Other units on the 5th floor

All 132 units in MAG 515
Value
5011-bedAED 550K · Mar 2018
502StudioAED 250K · Sep 2020
503StudioAED 350K · May 2019
5041-bedAED 499K · Nov 2023
5052-bedAED 638K · May 2018
5061-bedAED 490K · Jan 2025
508StudioAED 346K · Jun 2019
1–7 of 21

507, MAG 515 in numbers

  • Sold once: by MAG on 26 March 2018 for AED 365,000, or AED 938 per sqft.
  • Rented since February 2021 on 5 Ejari contracts, from AED 16,500 to AED 35,000 a year.
  • At AED 35,000 a year the gross yield on the 2018 price is 9.6%, before a service charge of about AED 6,600 a year (AED 17.07 per sqft).

Source: Dubai Land Department. Updated 19 March 2025.

Questions about 507, MAG 515

What did unit 507 last sell for?

AED 365,000 on 26 March 2018, sold by the developer: AED 938 per sqft for 389 sqft. It is the only registered sale of the unit.

What is the rent for unit 507?

AED 35,000 a year on the contract signed on 19 March 2025. The previous contract, from February 2024, was AED 26,000; the unit has been rented since February 2021.

How big is unit 507?

389 sqft (36.1 sqm): a studio on the 5th floor of a 6-storey tower completed in 2020.

What is unit 507 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 507, MAG 515

Starts from the last sale price (AED 365K, 26 March 2018). Switch to today's estimate once you have unlocked it.
Price
AED 365,000
Deposit, UAE resident (20%)
AED 73,000
Deposit, non-resident (40%)
AED 146,000
Monthly over 25 years at 3.7%
AED 1,493

Plus AED 18,240 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →