Unit 307 at MAG 515 is a studio of 387 sq ft. It last sold for AED 400,000 on 4 Dec 2024. At AED 1,201 per sq ft, from 3 sales in the building in the last 12 months (studio), it is worth about AED 465,000 today.
| Bedrooms | studio |
|---|---|
| Size | 387 sq ft |
| Floor | 3 (from the unit number) |
| Position in the tower | Stack 07: units ending 07 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 |
|---|---|---|---|---|
| 4 Dec 2024 | AED 400,000 | 387 sq ft | 1,034 | Resale |
| Unit | Date | Price | Size | AED/sq ft | Type |
|---|---|---|---|---|---|
| 607 | 5 Jun 2024 | AED 360,000 | 389 sq ft | 925 | Resale |
| 107 | 16 Mar 2021 | AED 240,000 | 387 sq ft | 620 | 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 3 sales in MAG 515 in the last 12 months (studio), worked out the price per sq ft of each, and used the middle value (AED 1,201). We multiplied it by the size of this unit (387 sq ft). The range uses the middle half of those sales (AED 1,144 to AED 1,267 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 426,215. 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 465,000 (range AED 443,000 to AED 490,000), based on AED 1,201 per sq ft from registered sales up to 19 Aug 2026.
4 Dec 2024, for AED 400,000 (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 8.7% on the estimate.