617, MAG 515
Sold prices and rental history: sold 3 times, last in July 2025, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 617, MAG 515
What is 617 worth today?
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Source: Dubai Land Department. Updated 2 July 2025.
Key facts
- Type
- Studio apartment
- Size
- 437 sqft
- Floor
- 6th of 6
- Parking
- G-130
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 7,500 /yr
- Last sold
- AED 400K · July 2025
- Building
- MAG 515
About 617, MAG 515
617 is a studio of 437 sqft on the 6th floor of MAG 515, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 2 July 2025 for AED 400,000, or AED 915 per sqft, 11% below the AED 1,028 studios in the building were fetching at the time.
It has been rented since 2020 on 2 Ejari contracts. The current contract, signed on 20 March 2022, is AED 18,000 a year: a gross yield of 4.5% on the 2025 price, before the service charge of about AED 7,500 a year.
Sales and rents for 617 over time
617 has sold 3 times; 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 617 sits
All 59 studios →617 last sold in July 2025 at AED 915 per sqft, 11% below what studios in MAG 515 were fetching at the time (AED 1,028). 617's AED 18,000 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 | ||
| 16 Jun 202516 June 2025 | 360 sqft | 430,000 | 1,194 | ||
| 7 May 20257 May 2025 | 365 sqft | 415,000 | 1,136 | ||
| 14 Dec 202414 December 2024 | 410 sqft | 425,000 | 1,037 |
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 6th floor
All 132 units in MAG 515| ValueToday's value | |||||
|---|---|---|---|---|---|
| 601 | 1-bed | 629 sqft | AED 527KAED 527,000 · May 2019May 2019 | 31,878 /yr | |
| 602 | Studio | 389 sqft | AED 360KAED 360,000 · Apr 2019April 2019 | 18,000 /yr | |
| 603 | Studio | 365 sqft | AED 300KAED 300,000 · Jul 2017July 2017 | 42,000 /yr | |
| 604 | 1-bed | 478 sqft | AED 400KAED 400,000 · Jul 2017July 2017 | 55,000 /yr | |
| 605 | 2-bed | 669 sqft | AED 600KAED 600,000 · May 2024May 2024 | 67,000 /yr | |
| 606 | 1-bed | 483 sqft | AED 450KAED 450,000 · May 2019May 2019 | 45,000 /yr | |
| 607 | Studio | 389 sqft | AED 360KAED 360,000 · Jun 2024June 2024 | 25,000 /yr | |
| 608 | Studio | 349 sqft | AED 275KAED 275,000 · Jul 2021July 2021 | 45,000 /yr | |
| 609 | 1-bed | 478 sqft | AED 410KAED 410,000 · Jan 2025January 2025 | 47,000 /yr | |
| 610 | 2-bed | 666 sqft | AED 475KAED 475,000 · Jul 2023July 2023 | 60,000 /yr | |
| 611 | 1-bed | 483 sqft | AED 445KAED 445,000 · Apr 2018April 2018 | 40,000 /yr | |
| 612 | 1-bed | 657 sqft | AED 495KAED 495,000 · Jul 2019July 2019 | ||
| 613 | 1-bed | 623 sqft | AED 523KAED 523,221 · Apr 2019April 2019 | 40,000 /yr | |
| 614 | 1-bed | 638 sqft | AED 480KAED 480,000 · Nov 2019November 2019 | 26,000 /yr | |
| 615 | Studio | 410 sqft | AED 300KAED 300,000 · Nov 2022November 2022 | 38,000 /yr | |
| 616 | Studio | 410 sqft | AED 340KAED 340,000 · Jan 2024January 2024 | 29,492 /yr | |
| 618 | Studio | 437 sqft | AED 397KAED 396,550 · Jul 2018July 2018 | 42,000 /yr | |
| 619 | 1-bed | 514 sqft | AED 514KAED 513,600 · Nov 2019November 2019 | 35,000 /yr | |
| 620 | 1-bed | 514 sqft | AED 513KAED 513,000 · Oct 2017October 2017 | 45,000 /yr | |
| 621 | Studio | 360 sqft | AED 360KAED 360,000 · Apr 2019April 2019 | 40,000 /yr | |
| 622 | Studio | 360 sqft | AED 380KAED 380,000 · Oct 2017October 2017 | 36,000 /yr |
617, MAG 515 in numbers
- Sold 3 times: first on 6 March 2018 for AED 395,000, last on 2 July 2025 for AED 400,000 (AED 915 per sqft).
- Rented since February 2020 on 2 Ejari contracts, from AED 19,000 to AED 18,000 a year.
- At AED 18,000 a year the gross yield on the 2025 price is 4.5%, before a service charge of about AED 7,500 a year (AED 17.07 per sqft).
Source: Dubai Land Department. Updated 2 July 2025.
Questions about 617, MAG 515
What did unit 617 last sell for?
AED 400,000 on 2 July 2025: AED 915 per sqft for 437 sqft. The unit has 3 registered sales; the first was AED 395,000 in March 2018.
What is the rent for unit 617?
AED 18,000 a year on the contract signed on 20 March 2022. The previous contract, from February 2020, was AED 19,000.
How big is unit 617?
437 sqft (40.6 sqm): a studio on the 6th floor of a 6-storey tower completed in 2020.
What is unit 617 worth today?
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Mortgage on 617, MAG 515
Starts from the last sale price (AED 400K, 2 July 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 400,000
- Deposit, UAE resident (20%)
- AED 80,000
- Deposit, non-resident (40%)
- AED 160,000
- Monthly over 25 years at 3.7%
- AED 1,637
Plus AED 19,710 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →