Building · MAG 5 Boulevard, Dubai South · Sale prices

Studio Apartment Prices in MAG 515 2026

The median sale price of a studio apartment in MAG 515 was AED 478,000 in the 12 months to 19 Oct 2026, based on 2 registered sales — 15.1% higher than the same 12 months a year earlier. The median price per square foot was AED 1,210 (+16.7% year on year). That is 30.6% below the Dubai-wide median of AED 689,000 for the same studio apartment mix.

Period: 12 months to 19 Oct 2026Compared with: same 12 months a year earlierSample: 2 salesUpdated: 19 Oct 2026
Median sale price
AED 478,000
+15.1% YoY
2 sales · the 12 months to 19 Oct 2026
Median price per sq ft
AED 1,210
+16.7% YoY
2 sales · the 12 months to 19 Oct 2026
Registered sales
2
−81.8% YoY
worth AED 955K · the 12 months to 19 Oct 2026
Gross rental yield
8.37%
median rent AED 40,000/yr · yield details

What are the key price figures for studio apartments in MAG 515?

Every headline figure with its period and the evidence behind it.

Source: DXBinteract analysis of Dubai Land Department registered sales. Data to 19 Oct 2026.
MetricValuePeriodBasis
Median sale priceAED 478,00012 months to 19 Oct 20262 sales; +15.1% vs the same 12 months a year earlier
Median price per sq ftAED 1,21012 months to 19 Oct 20262 sales; +16.7% vs the same 12 months a year earlier
Number of sales212 months to 19 Oct 2026−81.8% vs the same 12 months a year earlier
Total sales valueAED 955,00012 months to 19 Oct 2026−79.9% vs the same 12 months a year earlier
Lowest / highest saleAED 475K – AED 480K12 months to 19 Oct 2026single registered sales (not typical prices)
Unit size range350 – 440 sq ftall units on record60 units
Median annual rentAED 40,00012 months to 19 Oct 202643 units currently rented
Gross rental yield8.37%12 months to 19 Oct 2026before service charges and vacancy; rounded to two decimal places
Capital appreciation+14.0%12 months to 19 Oct 2026change in property value over the period
Units on record60current2 sold in the 12 months to 19 Oct 2026 (3.3% of stock)
Units available for sale15currentactive listings matched to units
Developer (primary) median priceAED 370,000all time60 developer sales; AED 930 per sq ft
Launch date16/08/2015—project record
Completion / handover date06/02/2020—project record

How have apartment prices in MAG 515 changed since 2017?

Calendar-year figures for all apartments in MAG 515 (a bedroom-level yearly series is not published).

2017–2026 (to 19 Oct 2026)
MAG 515 median price per sq ft and sales by year
SalesMedian price per sq ft (AED)
201755928
201845913
201924923
20201643
20216662
202212694
202311778
202419973
2025161,074
2026 YTD91,084
Registered sales and median price per sq ft by year, MAG 515, apartments. Source: DXBinteract. The same figures are in the table below.
2026 runs to 19 Oct 2026; its sales change is not shown because the source compares it with the whole of 2025.
YearSalesSales YoYValueMedian pricePer sq ftPer sq ft YoY
2026 (to 19 Oct 2026)9part yearAED 3.68MAED 480,000AED 1,084+0.9%
202516−15.8%AED 8.04MAED 502,500AED 1,074+10.4%
202419+72.7%AED 8.92MAED 429,999AED 973+25.0%
202311−8.3%AED 4.74MAED 450,000AED 778+12.0%
202212+100.0%AED 3.86MAED 282,500AED 694+5.0%
20216+500.0%AED 2.07MAED 318,500AED 662+3.0%
20201−95.8%AED 250KAED 250,000AED 643−30.4%
201924−46.7%AED 10.69MAED 452,500AED 923+1.1%
201845−18.2%AED 19.76MAED 396,550AED 913−1.7%
201755—AED 23.64MAED 400,000AED 928—

Transactions by year: 2026 · 2025 · 2024 · 2023 · 2022 · 2021 · all years

How does MAG 515 compare with MAG 5 Boulevard and Dubai?

Same property mix, same window (the 12 months to 19 Oct 2026).

MetricMAG 515MAG 5 BoulevardDubai
Median sale priceAED 478,000AED 477,000AED 689,000
Median price per sq ftAED 1,210AED 1,240AED 1,750
Price per sq ft YoY+16.7%+13.9%+3.5%
Sales22443,452
Gross rental yield8.37%7.97%5.81%

What are the latest registered sales of studio apartments in MAG 515?

The ten most recently registered sales. Individual sales are evidence, not typical prices.

DatePropertyTypeSizePricePer sq ftMarket
19/08/2026MAG 515Studio Apartment437 sq ftAED 475,000AED 1,087Resale · Ready
25/06/2026MAG 515Studio Apartment360 sq ftAED 480,000AED 1,333Resale · Ready

Use this chart on your site

Free to embed and share with the source line kept visible. The chart updates itself as new transactions are registered.

How these figures are calculated

Median, not average
Every price is the median of registered sales — half sold for more, half for less — so a handful of trophy deals cannot pull it up.
Period
Headline figures cover the 12 months to 19 Oct 2026; changes compare them with the same 12 months a year earlier. Calendar-year figures are in the history table; the current year is year to date.
Scope
All registered sales of apartments with studio layouts, both primary (developer) and resale, off-plan and ready. Gifts, grants and non-sale registrations are excluded.
Price per sq ft
Median of each sale’s price divided by its registered size in square feet.
Gross rental yield
Annual rent as a percentage of price, before service charges, fees and vacancy, as calculated in the source dataset and rounded to two decimal places.

Full definitions: DXBinteract methodology · market indicators explained

Source and how to cite

DXBinteract analysis based on Dubai Land Department transaction data.

Data to
(latest registered transaction)
Last updated
— figures refresh hourly from the live dataset
Permanent URL
https://dxbinteract.com/dubai-property-prices/mag-515/apartments/studio
Studio Apartment Prices in MAG 515 2026. DXBinteract, data to 19 Oct 2026. https://dxbinteract.com/dubai-property-prices/mag-515/apartments/studio

Republishing? Keep the source line “DXBinteract analysis based on Dubai Land Department transaction data.” and link to this page. Attribution guidelines

Frequently asked questions

What is the average property price in MAG 515 for studio apartments?
The median sale price of a studio apartment in MAG 515 was AED 478,000 in the 12 months to 19 Oct 2026, from 2 registered sales. DXBinteract reports the median (the middle sale) rather than the arithmetic mean, so a few very large deals do not distort it.
What is the price per square foot in MAG 515 for apartments?
The median price per square foot of studio apartments in MAG 515 was AED 1,210 in the 12 months to 19 Oct 2026, +16.7% compared with the same 12 months a year earlier.
How many properties were sold in MAG 515 in the last 12 months?
2 sales of studio apartments worth AED 955,000 were registered in MAG 515 in the 12 months to 19 Oct 2026 (−81.8% year on year).
Are property prices in MAG 515 going up?
Over the 12 months to 19 Oct 2026 the median price per square foot of studio apartments in MAG 515 changed +16.7%. In calendar year 2025 it was AED 1,074 (+10.4% on 2024), and AED 1,084 so far in 2026.
What is the rental yield in MAG 515 for apartments?
The gross rental yield of studio apartments in MAG 515 is 8.37% (the 12 months to 19 Oct 2026), with a median annual rent of AED 40,000. Gross yield is before service charges, fees and vacancy.

Last updated · data to 19 Oct 2026 · https://dxbinteract.com/dubai-property-prices/mag-515/apartments/studio