MAG 515, Dubai South

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.

• 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

状态

准备就绪

开发商

MAG

位置

Dubai South, Dubai

已竣工

Q1 2020

单位类型

Studio, 1 Bed, 2 Beds

Prices from

AED 300.0K

每 sq ft 价格中位数

AED 1,130

Median gross yield

8.4%

物业服务费

AED 17.55 per sq ft (2026)

Nearest metro

Expo 2020, 6.2 km

Price ranges from the most recent registered sales, by unit type:

• Studios: AED 400.0K to AED 525.0K (360 to 437 sq ft), across 9 sales
• 1-bedroom apartments: AED 540.0K to AED 645.0K (478 to 629 sq ft), across 6 sales
• 2-bedroom apartments: AED 725.0K to AED 730.0K (666 to 669 sq ft), across 2 sales

1-bedroom homes in MAG 515 were let for AED 42.0K to AED 50.0K a year across 2 recent contracts, with a median of AED 46.0K.

Yearly rents from recent registered contracts, by unit type:

• 1-bedroom apartments: AED 42.0K to AED 50.0K a year (483 sq ft), across 2 contracts
• Studios: AED 40.0K a year (387 sq ft)

Every sale in MAG 515Every rent contract 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.

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

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

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

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