508, MAG 515
Sold prices and rental history: sold once, by the developer in June 2019, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 508, MAG 515
What is 508 worth today?
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Source: Dubai Land Department. Updated 15 June 2025.
Key facts
- Type
- Studio apartment
- Size
- 349 sqft
- Floor
- 5th of 6
- Parking
- G-99
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 6,000 /yr
- Last sold
- AED 346K · June 2019
- Building
- MAG 515
About 508, MAG 515
508 is a studio of 349 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 30 June 2019 for AED 346,333, or AED 992 per sqft, 5% above the AED 945 studios in the building were fetching at the time.
It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, renewed on 15 June 2025, is AED 26,000 a year: a gross yield of 7.5% on the 2019 price, before the service charge of about AED 6,000 a year.
Sales and rents for 508 over time
508 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 508 sits
All 59 studios →508 last sold in June 2019 at AED 992 per sqft, 5% above what studios in MAG 515 were fetching at the time (AED 945). 508's AED 26,000 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 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 | |
| 503 | Studio | 365 sqft | AED 350KAED 350,000 · May 2019May 2019 | 42,000 /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 | |
| 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 |
508, MAG 515 in numbers
- Sold once: by MAG on 30 June 2019 for AED 346,333, or AED 992 per sqft.
- Rented since May 2021 on 4 Ejari contracts, from AED 16,154 to AED 26,000 a year.
- At AED 26,000 a year the gross yield on the 2019 price is 7.5%, before a service charge of about AED 6,000 a year (AED 17.07 per sqft).
Source: Dubai Land Department. Updated 15 June 2025.
Questions about 508, MAG 515
What did unit 508 last sell for?
AED 346,333 on 30 June 2019, sold by the developer: AED 992 per sqft for 349 sqft. It is the only registered sale of the unit.
What is the rent for unit 508?
AED 26,000 a year on the contract renewed on 15 June 2025. The previous contract, from June 2024, was AED 22,000; the unit has been rented since May 2021.
How big is unit 508?
349 sqft (32.4 sqm): a studio on the 5th floor of a 6-storey tower completed in 2020.
What is unit 508 worth today?
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Mortgage on 508, MAG 515
Starts from the last sale price (AED 346K, 30 June 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 346,333
- Deposit, UAE resident (20%)
- AED 69,267
- Deposit, non-resident (40%)
- AED 138,533
- Monthly over 25 years at 3.7%
- AED 1,417
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →