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. 194 sales are registered with the Dubai Land Department, at a current PIX© price of AED 1,144 per sqft. At AED 1,144 per sqft, MAG 515 prices 6% above the Dubai South (Dubai World Central) median of AED 1,076 per sqft on registered sales.

PIX© price · ↑3.8% YoY

554KAED

Typical

1,144AED

PSF

Gross yield

8.3%

PIX© rent ÷ PIX© price

Sale records

194

DLD · all time

Rent contracts

638

Ejari · all time

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

Nearest · straight-line

Metro stationEXPO 2020 Metro Station 28.7 km

MallPulse Mall (Upcoming)1.3 km

SchoolCherry Tree Nursery - Dubai South - DWC0.6 km

HospitalAl Noor South Polyclinic1.1 km

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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

…

2 Bed on Floor 6, MAG 515

Size
Record: Jun 2021 to Dec 2025
Owners: 4
Tenants: 4
Price change
Yield on cost

Sale price by owner

Party	Date	Price / RentAED	Held	Note
4Tenant 4	15 Dec 2025			Owner 4
3Tenant 3	5 Nov 2024		12 mo	Owner 4
4Owner 4	24 May 2024		2.3 yrs	Current owner Sold with tenant in place
3Owner 3	12 Feb 2024		3 mo	Sold with tenant in place
2Tenant 2	25 Sep 2023		13 mo	Renewal Owner 2
2Tenant 2	25 Sep 2022		12 mo	Owner 2
2Owner 2	15 Jun 2022		20 mo
Owner 1 · Undisclosed		—		Acquisition date and price not on record
1Tenant 1	1 Jun 2021		12 mo	Owner not on record

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

2 Bed · Floor 6 · MAG 515

Nightly rateAED

Occupancy (237 nights)

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MAG 5151,144AED/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	554K	1,144	↑3.8%	46K	8.3%
Studio · Apartment 347 - 437 sqft	60
1 Bed · Apartment 478 - 657 sqft	60
2 Bed · Apartment 665 - 669 sqft	12

Sales - Project-Wide194 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
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
20 Jul 2026	2 Bed	MAG 515 · Floor 3	666	730,000	1,096	+17.7%	Standard	Standard Sale

Rentals - Project-Wide638 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
25 Sep 2026	1 Bed	MAG 515 · Floor 1	483	49,000	101	-	Entry Level	CONTRACT
14 Sep 2026	2 Bed	MAG 515 · Floor 3	666	67,000	101	-	Standard	CONTRACT
10 Sep 2026	1 Bed	MAG 515 · Floor 4	622	38,600	62	-	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

This projectPeers by PIX© PSF rankSelected comparisonSelect a marker to compare4 peers could not be placed

This project

MAG 515

Compared with

Mag 5 Boulevard

PIX© PSF

1,158

Rank

#11 of 39

#10 of 39

Typical price

556K

Yield

8.5%

Units

132

1,452

Sales

583

Rents

392

3,930

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					54	363
	MAG 520 MAG 5 PROPERTY DEVELOPMENT L.L.C · Completed	132					43	350
	MAG 510 MAG 5 PROPERTY DEVELOPMENT L.L.C · Completed	132					60	355
	MAG 565 MAG 5 PROPERTY DEVELOPMENT L.L.C · Completed	132					56	375
	Mag 5 Boulevard MAG 5 PROPERTY DEVELOPMENT L.L.C · Completed	1,452					583	3,930
11	MAG 515 MAG 5 PROPERTY DEVELOPMENT L.L.C · Completed	132	1,158	Subject	556K	8.5%	54	392
	MAG 540 MAG 5 PROPERTY DEVELOPMENT L.L.C · Completed	86					36	244
	Majestique Residence 1 CREDO INVESTMENTS F Z E · Completed	124					58	221
	MAG 535 MAG 5 PROPERTY DEVELOPMENT L.L.C · Completed	86					33	238
	Celestia B DAMAC · Completed	459					191	1,352
	MAG 530 MAG 5 PROPERTY DEVELOPMENT L.L.C · Completed	92					41	246

Community median 1,076 AED/sqft. Showing the closest-ranked peers of 39 ranked projects in the community. 15 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 540AED 1,145/sqft
Majestique Residence 1AED 1,135/sqft
Mag 5 BoulevardAED 1,170/sqft
MAG 535AED 1,117/sqft
Celestia BAED 1,107/sqft
MAG 530AED 1,097/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 1,144 per sqft, or about AED 553,991 for a typical unit, based on 194 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 8.3% gross, calculated from current PIX© rent against current PIX© sale price, across 638 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 +3.8% over the last 12 months, to AED 1,144, across 194 registered sales.