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Studio · 410 sqftMAG 520, Dubai South · 5th floor · completed 2020

515, MAG 520

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

Unit 515 · DLD and Ejari recordsUpdated 5 September 2025
Last soldAED 391K30 July 2019
Current rentAED 26K /yr5 September 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 515, MAG 520

What is 515 worth today?

Last sold for AED 391,000 in 2019

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5 Sep 2025RentedRenewal
AED 26,197/yr12 months · AED 64 per sqft
5 Sep 2023RentedNew contract
AED 19,845/yr12 months · AED 48 per sqft
5 Sep 2021RentedRenewal
AED 18,000/yr12 months · AED 44 per sqft
5 Sep 2020RentedNew contract
AED 18,000/yr12 months · AED 44 per sqft
1 Jan 2020RentedNew contract
AED 20,000/yr12 months · AED 49 per sqft
30 Jul 2019Sold by developerOff-plan
AED 391,000AED 954 per sqft

Source: Dubai Land Department. Updated 5 September 2025.

Key facts

Type
Studio apartment
Size
410 sqft
Floor
5th of 6
Parking
G-106
Developer
MAG
Completed
2020
Service charge
AED 7,300 /yr
Last sold
AED 391K · July 2019
Building
MAG 520

About 515, MAG 520

515 is a studio of 410 sqft on the 5th floor of MAG 520, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 30 July 2019 for AED 391,000, or AED 954 per sqft, in line with the AED 978 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 5 September 2025, is AED 26,197 a year: a gross yield of 6.7% on the 2019 price, before the service charge of about AED 7,300 a year.

Sales and rents for 515 over time

Sales
Unit 515, 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, July 2019: AED 391,000 (AED 954 per sqft)

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

Rents
Unit 515, 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, January 2020: AED 20,000 a yearNew contract, September 2020: AED 18,000 a yearRenewal, September 2021: AED 18,000 a yearNew contract, September 2023: AED 19,845 a yearRenewal, September 2025: AED 26,197 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 515 sits

All 60 studios →

515 last sold in July 2019 at AED 954 per sqft, in line with what studios in MAG 520 were fetching at the time (AED 978). 515's AED 26,197 is at the bottom 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 5th floor

All 131 units in MAG 520
Value
5011-bedAED 550K · Jan 2024
502StudioAED 357K · Mar 2019
503StudioAED 350K · Mar 2019
5041-bedAED 420K · Sep 2019
5052-bedAED 497K · Jul 2019
5061-bedAED 473K · Sep 2019
507StudioAED 357K · Jul 2019
1–7 of 21

515, MAG 520 in numbers

  • Sold once: by MAG on 30 July 2019 for AED 391,000, or AED 954 per sqft.
  • Rented since January 2020 on 5 Ejari contracts, from AED 20,000 to AED 26,197 a year.
  • At AED 26,197 a year the gross yield on the 2019 price is 6.7%, before a service charge of about AED 7,300 a year (AED 17.72 per sqft).

Source: Dubai Land Department. Updated 5 September 2025.

Questions about 515, MAG 520

What did unit 515 last sell for?

AED 391,000 on 30 July 2019, sold by the developer: AED 954 per sqft for 410 sqft. It is the only registered sale of the unit.

What is the rent for unit 515?

AED 26,197 a year on the contract renewed on 5 September 2025. The previous contract, from September 2023, was AED 19,845; the unit has been rented since January 2020.

How big is unit 515?

410 sqft (38.1 sqm): a studio on the 5th floor of a 6-storey tower completed in 2020.

What is unit 515 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 515, MAG 520

Starts from the last sale price (AED 391K, 30 July 2019). Switch to today's estimate once you have unlocked it.
Price
AED 391,000
Deposit, UAE resident (20%)
AED 78,200
Deposit, non-resident (40%)
AED 156,400
Monthly over 25 years at 3.7%
AED 1,600

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →