Unit 118 at MAG 515 is a studio of 437 sq ft. It last sold for AED 425,000 on 11 Oct 2024. At AED 1,030 per sq ft, from 4 sales of units ending 18 (same position in the tower), it is worth about AED 450,000 today.
| Bedrooms | studio |
|---|---|
| Size | 437 sq ft |
| Floor | 1 (from the unit number) |
| Position in the tower | Stack 18: units ending 18 share the same layout and view |
| Building | MAG 515 by MAG Property Development, handed over 2023 |
| Registered sales of this unit | 1 |
| Date | Price | Size | AED/sq ft | Type |
|---|---|---|---|---|
| 11 Oct 2024 | AED 425,000 | 437 sq ft | 973 | Resale |
| Unit | Date | Price | Size | AED/sq ft | Type |
|---|---|---|---|---|---|
| 218 | 19 Aug 2026 | AED 475,000 | 437 sq ft | 1,087 | Resale |
| 418 | 19 Aug 2025 | AED 525,000 | 437 sq ft | 1,201 | Resale |
| 418 | 8 Jul 2025 | AED 410,000 | 437 sq ft | 938 | Resale |
| 218 | 8 Aug 2024 | AED 429,999 | 437 sq ft | 984 | Resale |
| Unit | Date | Price | Size | AED/sq ft | Type |
|---|---|---|---|---|---|
| 218 | 19 Aug 2026 | AED 475,000 | 437 sq ft | 1,087 | Resale |
| 122 | 25 Jun 2026 | AED 480,000 | 360 sq ft | 1,333 | Resale |
| 418 | 19 Aug 2025 | AED 525,000 | 437 sq ft | 1,201 | Resale |
| 402 | 10 Jul 2025 | AED 460,000 | 387 sq ft | 1,189 | Resale |
| 418 | 8 Jul 2025 | AED 410,000 | 437 sq ft | 938 | Resale |
| 617 | 2 Jul 2025 | AED 400,000 | 437 sq ft | 915 | Resale |
| 522 | 16 Jun 2025 | AED 430,000 | 360 sq ft | 1,194 | Resale |
| 303 | 7 May 2025 | AED 415,000 | 365 sq ft | 1,137 | Resale |
We took the 4 resale sales of units ending 18 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 1,030). We multiplied it by the size of this unit (437 sq ft). The range uses the middle half of those sales (AED 964 to AED 1,116 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 467,291. Floor, view, condition and upgrades can move the price either way. Sales data to 19 Aug 2026, from the Dubai Land Department register.
About AED 450,000 (range AED 421,000 to AED 488,000), based on AED 1,030 per sq ft from registered sales up to 19 Aug 2026.
11 Oct 2024, for AED 425,000 (resale). It has 1 registered sale.
A studio in MAG 515 rents for about AED 40,450 a year (median asking rent). That is a gross yield of 9.0% on the estimate.