Unit 502, MAG 515: what it sold for and what it is worth now

Unit 502 at MAG 515 is a studio of 389 sq ft. It last sold for AED 250,000 on 9 Sep 2020. At AED 1,201 per sq ft, from 3 sales in the building in the last 12 months (studio), it is worth about AED 467,000 today.

Value todayAED 467,000AED 445,000 to AED 493,000
Last saleAED 250,0009 Sep 2020 · Resale
Change since last sale+86.8% 
Rent (median asking, studio)AED 40,450Gross yield 8.7%
Bedroomsstudio
Size389 sq ft
Floor5 (from the unit number)
Position in the towerStack 02: units ending 02 share the same layout and view
BuildingMAG 515 by MAG Property Development, handed over 2023
Registered sales of this unit1

Every registered sale of unit 502

DatePriceSizeAED/sq ftType
9 Sep 2020AED 250,000389 sq ft643Resale

Units ending 02 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
40210 Jul 2025AED 460,000387 sq ft1,189Resale

Latest studio sales in MAG 515

UnitDatePriceSizeAED/sq ftType
21819 Aug 2026AED 475,000437 sq ft1,087Resale
12225 Jun 2026AED 480,000360 sq ft1,333Resale
41819 Aug 2025AED 525,000437 sq ft1,201Resale
40210 Jul 2025AED 460,000387 sq ft1,189Resale
4188 Jul 2025AED 410,000437 sq ft938Resale
6172 Jul 2025AED 400,000437 sq ft915Resale
52216 Jun 2025AED 430,000360 sq ft1,194Resale
3037 May 2025AED 415,000365 sq ft1,137Resale

How we worked out the value

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 (389 sq ft). The range uses the middle half of those sales (AED 1,144 to AED 1,267 per sq ft). Floor, view, condition and upgrades can move the price either way. Sales data to 19 Aug 2026, from the Dubai Land Department register.

Questions

What is unit 502 at MAG 515 worth?

About AED 467,000 (range AED 445,000 to AED 493,000), based on AED 1,201 per sq ft from registered sales up to 19 Aug 2026.

When did unit 502 last sell?

9 Sep 2020, for AED 250,000 (resale). It has 1 registered sale.

What rent can unit 502 make?

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.

Sales alert for MAG 515All sales in MAG 515

Unit 421 · Unit 504