MAG 515

Completed|132 units · 1 building

MAG 515 is a completed development by MAG 5 PROPERTY DEVELOPMENT L.L.C in Dubai South (Dubai World Central), comprising 132 registered units. 195 sales are registered with the Dubai Land Department, at a current PIX© price of AED 1,183 per sqft. At AED 1,183 per sqft, MAG 515 prices 11% above the Dubai South (Dubai World Central) median of AED 1,066 per sqft on registered sales.

PIX© price · ↑6.9% YoY

567KAED

Typical

1,183AED

PSF

Gross yield

8.0%

PIX© rent ÷ PIX© price

Sale records

195

DLD · all time

Rent contracts

651

Ejari · all time

Location data © OpenStreetMap contributors

SATELLITE

LocationDubai South (Dubai World Central)

Drive times · typical

Downtown Dubai33 min · 36.5 km

DXB Airport37 min · 49.5 km

DIFC37 min · 40.5 km

Dubai Marina32 min · 35.3 km

Palm Jumeirah35 min · 37.1 km

Nearby · straight-line

Metro stationExpo City Dubai8.6 km

MallRijat Retail Mall-124.9 km

HospitalNMC Hospital9.7 km

OPEN IN GOOGLE MAPS →

Exclusive to PropertyIndex©

PIX© Unit History

Pick a building and floor, or select a position in any table below, to follow one unit through every registered owner and tenant.

Floor

Units on floor 6

…

Studio on Floor 6, MAG 515

Size
Record: Mar 2018 to Oct 2026
Owners: 4
Tenants: 5
Price change
Yield on cost

Sale price by owner

Party	Date	Held	Note
4Owner 4	30 Oct 2026	3 d	Current owner Sold with tenant in place
5Tenant 5	3 Sep 2026		Owner 3
4Tenant 4	19 Jun 2026	5 d	Ended early Owner 3
3Owner 3	2 Jul 2025	16 mo	Sold with tenant in place
3Tenant 3	5 Jun 2025	12 mo	Owner 2
2Owner 2	12 Mar 2025	4 mo	Sold with tenant in place
2Tenant 2	20 Mar 2022	3.2 yrs	Owner 1
1Tenant 1	1 Feb 2021	12 mo	Renewal Owner 1
1Tenant 1	1 Feb 2020	2.1 yrs	Owner 1
1Owner 1	6 Mar 2018	7.0 yrs

PIX© Airbnb Calculator

Your nightly rate and occupancy, against this unit’s registered record.

Studio · Floor 6 · MAG 515

Nightly rateAED

Occupancy (237 nights)

Fees (optional)

Management, cleaning, platform fees: a percent of revenue, or a yearly amount.

Enter a nightly rate to test your scenario against this unit’s record.

MAG 5151,183AED/sqft · project-wide

Units

Every unit type registered in this project. PIX© values are EMA-weighted current figures from registered records. Select a row for detail.

Type	Units	PIX© Price	PIX© PSF	PSF YoY	PIX© Rent /yr	Yield
PIX© Core Project-Wide 347 - 669 sqft	132	567K	1,183	↑6.9%	45K	8.0%
Studio · Apartment 347 - 437 sqft	60
1 Bed · Apartment 478 - 657 sqft	60
2 Bed · Apartment 665 - 669 sqft	12

Sales - Project-Wide195 DLD records

PIX© price analysis

PIX©Entry

PIX©Standard

PIX©Premium

PSF YoY

3-month change

All time

Price range

PSF range

Avg size

Cash : mortgage

Off-plan : ready

Latest transactions

Date	Beds	Position	Size	Price	PSF	vs Prior Sale	Tier	Type
30 Oct 2026	Studio	MAG 515 · Floor 6	437	520,000	1,190	+30.0%	Standard	Standard Sale
19 Aug 2026	Studio	MAG 515 · Floor 2	437	475,000	1,087	+10.5%	Standard	Standard Sale
12 Aug 2026	1 Bed	MAG 515 · Floor 3	483	590,000	1,222	+34.1%	Standard	Standard Sale

Rentals - Project-Wide651 Ejari contracts

PIX© rent analysis

PIX©Entry

PIX©Standard

PIX©Premium

Rent PSF YoY

Gross yield

All time

Rent range

Renewals

Latest contracts

Start Date	Beds	Position	Size	Rent / Yr	Rent PSF	vs Prior Rent	Tier	Type
1 Nov 2026	1 Bed	MAG 515 · Floor 3	483	50,000	104	-	Standard	CONTRACT
25 Oct 2026	Studio	MAG 515 · Floor 4	387	40,000	103	-	Standard	CONTRACT
15 Oct 2026	1 Bed	MAG 515 · Floor 1	483	42,000	87	-	Entry Level	CERTIFICATE

Comparables

How this project prices against its peers, ranked by PIX© price per square foot.

Map of comparable projects in this community

Location data © OpenStreetMap contributors

This projectPeers by PIX© PSF rankSelected comparisonSelect a marker to compare5 peers could not be placed

This project

MAG 515

Compared with

MAG 565

PIX© PSF

1,172

Rank

#11 of 40

#10 of 40

Typical price

571K

Yield

8.1%

Units

132

Sales

Rents

397

378

Developer

MAG 5 PROPERTY DEVELOPMENT L.L.C

Handover

Completed

Rank	Project	Units	PIX© PSF	vs subject	Typical price	Yield	Sales	Rents
	MAG 555 MAG 5 PROPERTY DEVELOPMENT L.L.C · Completed	132					55	367
	Majestique Residence 1 CREDO INVESTMENTS F Z E · Completed	124					59	219
	MAG 520 MAG 5 PROPERTY DEVELOPMENT L.L.C · Completed	132					44	358
	MAG 510 MAG 5 PROPERTY DEVELOPMENT L.L.C · Completed	132					59	356
	MAG 565 MAG 5 PROPERTY DEVELOPMENT L.L.C · Completed	132					56	378
11	MAG 515 MAG 5 PROPERTY DEVELOPMENT L.L.C · Completed	132	1,172	Subject	571K	8.1%	53	397
	The Pulse Residence Plaza B8 DUBAI SOUTH PROPERTIES DWC LLC · Completed	87					26	220
	The Pulse Residence Plaza DUBAI SOUTH PROPERTIES DWC LLC · Completed	194					53	520
	Mag 5 Boulevard MAG 5 PROPERTY DEVELOPMENT L.L.C · Completed	1,452					580	3,959
	MAG 530 MAG 5 PROPERTY DEVELOPMENT L.L.C · Completed	92					41	247
	Celestia A DAMAC · Completed	509					225	1,518

Community median 1,066 AED/sqft. Showing the closest-ranked peers of 40 ranked projects in the community. 16 community projects excluded for insufficient recorded sales. 140 excluded for trading only in the off-plan market. 14 excluded for insufficient unit-mix overlap. PIX© PSF is like-for-like on this project's unit mix · ready and off-plan registrations priced separately · yields from new Ejari contracts · cash sales, last 48 months.

Comparable projects in Dubai South (Dubai World Central)

The closest-priced registered projects in Dubai South (Dubai World Central).

MAG 565AED 1,173/sqft
The Pulse Residence Plaza B8AED 1,168/sqft
The Pulse Residence PlazaAED 1,165/sqft
Mag 5 BoulevardAED 1,160/sqft
MAG 510AED 1,210/sqft
MAG 520AED 1,218/sqft

Common questions about MAG 515

Answered from Dubai Land Department registered transactions.

How much does a property in MAG 515 cost?

Property in MAG 515 sells at a current PIX© price of AED 1,183 per sqft, or about AED 566,680 for a typical unit, based on 195 sales registered with the Dubai Land Department.

Is MAG 515 completed?

Yes. MAG 515 is recorded as completed in the Dubai Land Department project register.

Who is the developer of MAG 515?

MAG 515 is developed by MAG 5 PROPERTY DEVELOPMENT L.L.C, the developer recorded against the project in the Dubai Land Department register.

What is the rental yield in MAG 515?

MAG 515 yields 8.0% gross, calculated from current PIX© rent against current PIX© sale price, across 651 registered Ejari contracts.

How many units are in MAG 515?

MAG 515 holds 132 registered units, per the Dubai Land Department unit register.

Have prices in MAG 515 gone up or down?

Price per sqft has risen +6.9% over the last 12 months, to AED 1,183, across 195 registered sales.