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Ready building · MAG

MAG 515, Dubai South

Highlights

MAG 515 at a glance

About MAG 515

MAG 515 is a residential building in Dubai South, Dubai, developed by MAG. It holds about 132 units: studios, 1-bedroom apartments, 2-bedroom apartments. Depending on the unit, windows look out over Community.

The building was completed in 2020 and has been in use for about 6 years. 10 units changed hands in the last 12 months, registered with the Dubai Land Department. Recent sales went through at a median of AED 1,130 per sq ft.

In a nutshell

  • A residential ready building
  • Located in Dubai South, Dubai
  • Developed by MAG
  • Completed in Q1 2020
  • Unit types: Studio, 1 Bed, 2 Beds
  • Sizes from 350 to 670 sq ft
  • Views: Community View
  • Service charge from AED 17.55 per sq ft
  • Expo 2020 metro station 6.2 km away
الحالة
جاهز
المطور
MAG
الموقع
Dubai South, Dubai
مكتمل
Q1 2020
أنواع الوحدات
Studio, 1 Bed, 2 Beds
Prices from
AED 300.0K
متوسط السعر لكل sq ft
AED 1,130
Median gross yield
8.4%
رسوم الخدمات
AED 17.55 per sq ft (2026)
Nearest metro
Expo 2020, 6.2 km

Photos of MAG 515

Building details

Inside MAG 515

Properties in MAG 515

Studios in MAG 515

There are about 60 of these in MAG 515, from 350 to 440 sq ft. They have recently sold for a median of AED 480.0K, or AED 1,190 per sq ft. Owners who resold made a median 14% over what they paid.

1-bedroom apartments in MAG 515

There are about 60 of these in MAG 515, from 480 to 660 sq ft. They have recently sold for a median of AED 32.0K, or AED 70 per sq ft. Owners who resold made a median 8% over what they paid.

2-bedroom apartments in MAG 515

There are about 12 of these in MAG 515, from 670 sq ft. They have recently sold for a median of AED 728.0K, or AED 1,090 per sq ft. Owners who resold made a median 9% over what they paid.

Unit types in MAG 515 with sizes, median prices and rents
نوع الوحدةالوحداتالمساحةالسعر الوسيطMedian rent
استوديو60350 sqft32.5 sqmt – 440 sqft40.9 sqmtAED 480KAED 40K
1 Bed60480 sqft44.6 sqmt – 660 sqft61.3 sqmtAED 32KAED 46K
2 Beds12670 sqft62.2 sqmtAED 728K–

Recent transactions in MAG 515

  • MAG 515, MAG 5 Boulevard

    دبي الجنوب

    AED 520K

    AED 1,190 /sqftAED 12,809 /sqmt

    جاهزشقة
    437 sqft40.6 sqmtاستوديوالمالك30 Oct 2026

  • MAG 515, MAG 5 Boulevard

    دبي الجنوب

    AED 475K

    AED 1,087 /sqftAED 11,700 /sqmt

    جاهزشقة
    437 sqft40.6 sqmtاستوديوالمالك19 Aug 2026

  • MAG 515, MAG 5 Boulevard

    دبي الجنوب

    AED 590K

    AED 1,222 /sqftAED 13,153 /sqmt

    جاهزشقة
    483 sqft44.9 sqmt1 Bedالمالك12 Aug 2026

  • MAG 515, MAG 5 Boulevard

    دبي الجنوب

    AED 730K

    AED 1,096 /sqftAED 11,797 /sqmt

    جاهزشقة
    666 sqft61.9 sqmt2 Bedsالمالك20 Jul 2026

  • MAG 515, MAG 5 Boulevard

    دبي الجنوب

    AED 480K

    AED 1,333 /sqftAED 14,348 /sqmt

    جاهزشقة
    360 sqft33.4 sqmtاستوديوالمالك25 Jun 2026

  • MAG 515, MAG 5 Boulevard

    دبي الجنوب

    AED 600K

    AED 954 /sqftAED 10,269 /sqmt

    جاهزشقة
    629 sqft58.4 sqmt1 Bedالمالك18 May 2026

  • MAG 515, MAG 5 Boulevard

    دبي الجنوب

    AED 725K

    AED 1,084 /sqftAED 11,668 /sqmt

    جاهزشقة
    669 sqft62.2 sqmt2 Bedsالمالك26 Feb 2026

  • MAG 515, MAG 5 Boulevard

    دبي الجنوب

    AED 645K

    AED 1,037 /sqftAED 11,162 /sqmt

    جاهزشقة
    622 sqft57.8 sqmt1 Bedالمالك16 Sept 2025

  • MAG 515, MAG 5 Boulevard

    دبي الجنوب

    AED 525K

    AED 1,201 /sqftAED 12,927 /sqmt

    جاهزشقة
    437 sqft40.6 sqmtاستوديوالمالك19 Aug 2025

  • MAG 515, MAG 5 Boulevard

    دبي الجنوب

    AED 460K

    AED 1,189 /sqftAED 12,798 /sqmt

    جاهزشقة
    387 sqft36 sqmtاستوديوالمالك10 Jul 2025

  • MAG 515, MAG 5 Boulevard

    دبي الجنوب

    AED 410K

    AED 938 /sqftAED 10,097 /sqmt

    جاهزشقة
    437 sqft40.6 sqmtاستوديوالمالك8 Jul 2025

  • MAG 515, MAG 5 Boulevard

    دبي الجنوب

    AED 400K

    AED 915 /sqftAED 9,849 /sqmt

    جاهزشقة
    437 sqft40.6 sqmtاستوديوالمالك2 Jul 2025

  • MAG 515, MAG 5 Boulevard

    دبي الجنوب

    AED 430K

    AED 1,194 /sqftAED 12,852 /sqmt

    جاهزشقة
    360 sqft33.4 sqmtاستوديوالمالك16 Jun 2025

  • MAG 515, MAG 5 Boulevard

    دبي الجنوب

    AED 550K

    AED 1,070 /sqftAED 11,517 /sqmt

    جاهزشقة
    514 sqft47.8 sqmt1 Bedالمالك16 May 2025

  • MAG 515, MAG 5 Boulevard

    دبي الجنوب

    AED 415K

    AED 1,137 /sqftAED 12,239 /sqmt

    جاهزشقة
    365 sqft33.9 sqmtاستوديوالمالك7 May 2025

  • MAG 515, MAG 5 Boulevard

    دبي الجنوب

    AED 540K

    AED 1,130 /sqftAED 12,163 /sqmt

    جاهزشقة
    478 sqft44.4 sqmt1 Bedالمالك28 Apr 2025

  • MAG 515, MAG 5 Boulevard

    دبي الجنوب

    AED 615K

    AED 1,196 /sqftAED 12,874 /sqmt

    جاهزشقة
    514 sqft47.8 sqmt1 Bedالمالك19 Mar 2025

  • MAG 515, MAG 5 Boulevard

    دبي الجنوب

    AED 50K/yr

    شقةتجديد
    483 sqft44.9 sqmt1 Bedإلى

  • MAG 515, MAG 5 Boulevard

    دبي الجنوب

    AED 40K/yr

    شقةعقد جديد
    387 sqft36 sqmtاستوديوإلى

  • MAG 515, MAG 5 Boulevard

    دبي الجنوب

    AED 42K/yr

    شقةعقد جديد
    483 sqft44.9 sqmt1 Bedإلى

Every sale in MAG 515Every rent contract in MAG 515

Service charges in MAG 515

The 2026 service charge in MAG 515 is AED 17.55 per sq ft for homes. It is paid yearly by the owner, covers upkeep, security and shared areas, and is set by the building’s owners association and registered with the Dubai Land Department.

Service charges in MAG 515
نوع الوحدةRate per sq ftالمساحةYearly charge
1 Bed Apartment (2026)AED 17.55480 sqft44.6 sqmt – 660 sqft61.3 sqmtAED 8,424 – AED 11,583
2 Beds Apartment (2026)AED 17.55670 sqft62.2 sqmtAED 11,759 – AED 11,759
Studio Apartment (2026)AED 17.55350 sqft32.5 sqmt – 440 sqft40.9 sqmtAED 6,143 – AED 7,722

Source: Dubai Land Department service charge index. Rates are reviewed each year.

Nearby amenities

Around MAG 515

Transportation near MAG 515

The nearest Dubai Metro station from MAG 515 is Expo 2020 (red line, 6.2 km, about 14 min drive), then Dubai Investment Park (red line, 7.6 km, about 17 min drive). Most residents will drive or take a taxi to the metro.

  • Expo 2020Red line · 6.2 km · about 14 min drive
  • Dubai Investment ParkRed line · 7.6 km · about 17 min drive

Shopping and groceries near MAG 515

The closest is Spinneys / Green Community (Located in Emirates Road), 6.9 km from MAG 515 (about 16 min drive).

  • Spinneys / Green Community (Located in Emirates Road)Supermarket · 6.9 km · about 16 min drive

Schools near MAG 515

The nearest is GEMS Founders School DS DWC-LLC, 1.3 km away. Ratings are the KHDA's latest inspection grades.

  • GEMS Founders School DS DWC-LLCUK · KHDA: Not inspected yet · 1.3 km
  • Greenfield International SchoolInternational Baccalaureate · KHDA: Very good · 3.8 km
  • Bright Riders SchoolIndian · KHDA: Good · 5.9 km
  • Al Nibras International Private SchoolAmerican · KHDA: Good · 6 km
  • The International School of Choueifat (Branch)SABIS (UK/US) · KHDA: Acceptable · 6.1 km
  • South View School L.L.CUK · KHDA: Good · 6.5 km

Things to consider about MAG 515

In its favour

  • Owners who resold have made money: a median gain of up to 14%.
  • A median gross yield of 8.4% on recent sales.
  • Ready to move into or let, with no construction risk.
  • Several schools within 3 km.

Worth checking

  • The nearest running metro station is 6.2 km away, so a car helps.

Specialists

Brokers who know MAG 515

These brokers handle sales and lettings in MAG 515 and can tell you what is available now.

الأسئلة الشائعة

MAG 515: questions answered

MAG 515 was developed by MAG in Dubai South.

MAG 515 is completed in Q1 2020.

Across its 17 most recent registered sales, MAG 515 sold for a median of AED 1,130 per sq ft and AED 525.0K per unit.

Recent yearly contracts in MAG 515 have a median rent of AED 42.0K.

The median gross yield on recently sold units in MAG 515 is 8.4%: the rent the unit earned over its purchase price, before costs.

The 2026 service charge for residential units in MAG 515 is AED 17.55 per sq ft a year, as registered with the Dubai Land Department.

MAG 515 has Studio (350 to 440 sq ft), 1 Bed (480 to 660 sq ft), 2 Beds (670 sq ft).

Expo 2020 is about 6.2 km from MAG 515.

The nearest schools include GEMS Founders School DS DWC-LLC (1.3 km), Greenfield International School (3.8 km), Bright Riders School (5.9 km).

Buying, selling or renting in MAG 515?

A broker who works Dubai South will tell you what is available and what comparable homes went for.

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