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Studio · 410 sqftMAG 520, Dubai South · 3rd floor · completed 2020

315, MAG 520

Sold prices and rental history: sold once, by the developer in April 2019, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 315 · DLD and Ejari recordsUpdated 20 August 2025
Last soldAED 376K17 April 2019
Current rentAED 36K /yr20 August 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 315, MAG 520

What is 315 worth today?

Last sold for AED 376,000 in 2019

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20 Aug 2025RentedRenewal
AED 36,000/yr12 months · AED 88 per sqft
20 Aug 2024RentedNew contract
AED 36,000/yr12 months · AED 88 per sqft
1 Nov 2023RentedNew contract
AED 29,000/yr12 months · AED 71 per sqft
1 Oct 2022RentedNew contract
AED 22,000/yr12 months · AED 54 per sqft
1 Apr 2020RentedNew contract
AED 20,000/yr12 months · AED 49 per sqft
17 Apr 2019Sold by developerOff-plan
AED 376,000AED 917 per sqft

Source: Dubai Land Department. Updated 20 August 2025.

Key facts

Type
Studio apartment
Size
410 sqft
Floor
3rd of 6
Parking
G-62
Developer
MAG
Completed
2020
Service charge
AED 7,300 /yr
Last sold
AED 376K · April 2019
Building
MAG 520

About 315, MAG 520

315 is a studio of 410 sqft on the 3rd floor of MAG 520, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 17 April 2019 for AED 376,000, or AED 917 per sqft, in line with the AED 929 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, renewed on 20 August 2025, is AED 36,000 a year: a gross yield of 9.6% on the 2019 price, before the service charge of about AED 7,300 a year.

Sales and rents for 315 over time

Sales
Unit 315, each saleTypical studio in MAG 520
300K400K2018202020222024Typical sale price by year: 2018 AED 360,000; 2019 AED 365,000; 2021 AED 271,874; 2023 AED 310,000; 2024 AED 390,000Sold by developer, April 2019: AED 376,000 (AED 917 per sqft)

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

Rents
Unit 315, each contractTypical studio in MAG 520
20K30K40K2020202220242026Typical rent by year: 2020 AED 20,000; 2021 AED 18,000; 2022 AED 20,000; 2023 AED 23,500; 2024 AED 35,000; 2025 AED 38,000; 2026 AED 35,500New contract, April 2020: AED 20,000 a yearNew contract, October 2022: AED 22,000 a yearNew contract, November 2023: AED 29,000 a yearNew contract, August 2024: AED 36,000 a yearRenewal, August 2025: AED 36,000 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in MAG 520, and where 315 sits

All 60 studios →

315 last sold in April 2019 at AED 917 per sqft, in line with what studios in MAG 520 were fetching at the time (AED 929). 315's AED 36,000 is in the upper half of that range.

Recent studio salesUnit no.Price (AED)Summary
10 Feb 2025420,000
8 Nov 2024390,000
25 Sep 2024412,000
12 Jul 2024388,000
0 studio sales in the last 12 months

MAG 520

Building

131 apartments, studios to 2-bed over 6 floors in Dubai South, completed in 2020 by MAG. 2 sold in the last 12 months.

Typical price per sqft
AED 1,233
Typical sale
AED 590K
Typical rent
AED 44K /yr
Typical yield
7.7%
MAG 520, Dubai South: prices, sales and rents →

Other units on the 3rd floor

All 131 units in MAG 520
Value
3011-bedAED 480K · May 2019
302StudioAED 310K · Jun 2023
303StudioAED 420K · Feb 2025
3041-bedAED 459K · Jul 2019
3052-bedAED 569K · Sep 2019
3061-bedAED 484K · Mar 2019
307StudioAED 380K · Sep 2019
1–7 of 21

315, MAG 520 in numbers

  • Sold once: by MAG on 17 April 2019 for AED 376,000, or AED 917 per sqft.
  • Rented since April 2020 on 5 Ejari contracts, from AED 20,000 to AED 36,000 a year.
  • At AED 36,000 a year the gross yield on the 2019 price is 9.6%, before a service charge of about AED 7,300 a year (AED 17.72 per sqft).

Source: Dubai Land Department. Updated 20 August 2025.

Questions about 315, MAG 520

What did unit 315 last sell for?

AED 376,000 on 17 April 2019, sold by the developer: AED 917 per sqft for 410 sqft. It is the only registered sale of the unit.

What is the rent for unit 315?

AED 36,000 a year on the contract renewed on 20 August 2025. The previous contract, from August 2024, was AED 36,000; the unit has been rented since April 2020.

How big is unit 315?

410 sqft (38.1 sqm): a studio on the 3rd floor of a 6-storey tower completed in 2020.

What is unit 315 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 315, MAG 520

Starts from the last sale price (AED 376K, 17 April 2019). Switch to today's estimate once you have unlocked it.
Price
AED 376,000
Deposit, UAE resident (20%)
AED 75,200
Deposit, non-resident (40%)
AED 150,400
Monthly over 25 years at 3.7%
AED 1,538

Plus AED 18,702 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →