What is the rental yield in MAG 515?

MAG 515 returns 8.42% gross — median annual rent from new Ejari contracts over the median resale price, before service charge, agency fees or vacant months. Measured across 370 rental contracts registered in the last 24 months.

How much does a studio in MAG 515 cost?

The median registered sale price is AED 425,000 (1,045 AED/sqft), from 14 Dubai Land Department sales in the last 24 months. This is a price paid, not an asking price.

Have prices in MAG 515 risen or fallen?

Median price per square foot moved +16.9% over the last 12 months against the 12 before it, on 14 registered sales. On a sample this size, read the direction rather than the exact figure.

How does MAG 515 compare with Dubai South?

Its 8.42% gross yield sits -0.1 pts against the Dubai South median of 8.51%, computed at the same bedroom grain over the same 24-month window.

Do new tenants in MAG 515 pay more than sitting ones?

A new tenant pays +17.6% against a renewing one, across 250 renewal contracts in the last 24 months. Renewals are capped by RERA and sit below market, so a wide gap means rent that is below market until the unit changes hands.

MAG 515 — sale prices & yield | Dubai South, Dubai

Buy: 425,000AED; AED 1,045/sqft
Long-let: 8.42%; AED 40,000/yr

Priced off the last 5 sales — most recent August 2026.

Yield spread: -0.1 pts; vs the Dubai South median for this unit type
Turnover upside: +17.6%; new tenants pay more than sitting ones — 250 renewals
AED/yr/sqft: AED 98
Sales: 14
Rental contracts: 370
Renewal rent: AED 34,000/yr

12 months: +16.9%

Based on 14 sales and 370 rental contracts in the last 24 months. Rental data covers the whole MAG 5 Boulevard project, not this tower alone.

MAG 515 is an apartment building in Dubai South, Dubai, one of the towers in the MAG 5 Boulevard development. The nearest landmark Expo 2020 Site. Land Department records for it run from 2017 to 2026, 390 registered sales in all — the 14 in the last 24 months are what every median above is computed from.

Price history

Every recorded sale in MAG 515, by year.

Monthly median AED per sqft, smoothed over three months. The band along the bottom is the number of records each month.

Yield by bedroom type

Type	Median price	AED/sqft	Yield	12mo	Sales
Studio	AED 425,000	1045	8.42% -0.1 pts	+16.9%	14
1 bed	AED 555,000	1070	8.47% +0.8 pts	-3.2%	14
2 bed	AED 725,000	1083	9.75% +3.1 pts	+8.8%	3

Deltas compare each yield with the Dubai South median for the same unit type. How these yields are computed

How these yields are computed

Each yield divides the median rent by the median of the last 3 months of sales — or of the last 5 sales where the last 3 months hold fewer than three. Off-plan and ready sales count alike, and each bedroom type is priced off its own sales.

Short-let rates around MAG 515

Median nightly rate on Airbnb for a 7-night stay, priced across the coming year.

How short-let rates are measured

Rates are sampled for every month of the coming year, so the figure carries the full season rather than a winter or summer slice. Listing counts are what those searches returned on the first page — a floor on what the building actually lists, not a count of it. Airbnb publishes approximate coordinates, so even the tightest set — listings within 50 metres — is the building and its immediate neighbours. Where that set is too small to measure a bedroom type, the row widens to the surrounding 500-metre cluster and is marked “500m”.

Type	Nightly (AED)	AED/night/sqft	Net revenue at 80%	Long-let rent	Uplift	Short-let yield	Listings seen
1 bed500m	440	0.85	AED 99,868	AED 50,000	2.0×	17.99%	5+
2 bed500m	691	1.03	AED 159,270	AED 65,000	2.5×	21.97%	6+

Net revenue assumes 80% occupancy — an assumption, not a measurement.

What the net revenue deducts

Occupancy is an assumption because no Dubai source publishes it per building — at half the occupancy, halve the revenue and the yield. From the nightly rate a guest sees, net revenue deducts Airbnb's 15.5% fee, then cleaning at 2 turnovers a month and utilities, both scaled to the unit's measured floor area. Service charge and mortgage are deliberately not deducted: neither comes out of the long-let rent beside it, and a service charge is owed whichever way the unit is let, so taking it off one side only would break the comparison. Neither figure is net of income tax or furnishing. Rows marked 500m widen to the surrounding cluster, because MAG 515 itself had too few listings of that type to measure.

Off-plan vs resale

Units sold off-plan in MAG 515 between 2017 and 2022 went for a median of AED 918/sqft (AED 405,000). The same building resells today at AED 1,070/sqft (AED 499,990) — an uplift of +23.4%.

Based on 125 off-plan sales across the building's full history.

Why this uses the full history

This comparison is deliberately not restricted to the 24-month window used elsewhere on the page — off-plan launches mostly predate it, so the window would erase the sales being compared.

Recent transactions

As filed with the Land Department — data to 2026-08-26.

7 resales in the last 12 months, against 15 a year on average over 2023–2025.

Sales

Date	Type	Sqft	Price	AED/sqft
19 Aug 2026	Studio	437	AED 475,000	1,087
12 Aug 2026	1 bed	483	AED 590,000	1,222
20 Jul 2026	2 bed	666	AED 730,000	1,096
26 Jun 2026	Studio	360	AED 480,000	1,333

4 resales in the last 3 months.

Rental contracts

The rent figures on this page are pooled from this building’s project, so no individual contract can be attributed to this tower.

Nearby

Landmark: Expo 2020 Site

Compare with nearby buildings

The most-traded buildings in MAG 5 Boulevard, on the same figures over the same window.

Highest rental yields in Dubai South · MAG 515 places 5th of 36

MAG 510 · 8.31%
MAG 565 · 9.47%
MAG 560 · 7.64%
MAG 555 · 10.14%
MAG 525 · 6.49%
MAG 535 · 4.62%
MAG 545 · 6.97%
MAG 530 · 5.96%

Common questions

What is the rental yield in MAG 515?: MAG 515 returns 8.42% gross — median annual rent from new Ejari contracts over the median resale price, before service charge, agency fees or vacant months. Measured across 370 rental contracts registered in the last 24 months.
How much does a studio in MAG 515 cost?: The median registered sale price is AED 425,000 (1,045 AED/sqft), from 14 Dubai Land Department sales in the last 24 months. This is a price paid, not an asking price.
Have prices in MAG 515 risen or fallen?: Median price per square foot moved +16.9% over the last 12 months against the 12 before it, on 14 registered sales. On a sample this size, read the direction rather than the exact figure.
How does MAG 515 compare with Dubai South?: Its 8.42% gross yield sits -0.1 pts against the Dubai South median of 8.51%, computed at the same bedroom grain over the same 24-month window.
Do new tenants in MAG 515 pay more than sitting ones?: A new tenant pays +17.6% against a renewing one, across 250 renewal contracts in the last 24 months. Renewals are capped by RERA and sit below market, so a wide gap means rent that is below market until the unit changes hands.

MAG 515