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2-bed · 669 sqftMAG 515, Dubai South · 1st floor · completed 2020

105, MAG 515

Sold prices and rental history: sold once, by the developer in December 2022, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 105 · DLD and Ejari recordsUpdated 21 March 2023
Last soldAED 228K28 December 2022
Current rentAED 40K /yr21 March 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 105, MAG 515

What is 105 worth today?

Last sold for AED 227,668 in 2022

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21 Mar 2023RentedNew contract
AED 40,000/yr12 months · AED 60 per sqft
28 Dec 2022Sold by developerReady
AED 227,668AED 340 per sqft
4 Aug 2021RentedRenewal
AED 28,000/yr12 months · AED 42 per sqft
4 Aug 2020RentedNew contract
AED 28,000/yr12 months · AED 42 per sqft

Source: Dubai Land Department. Updated 21 March 2023.

Key facts

Type
2-bed apartment
Size
669 sqft
Floor
1st of 6
Parking
G-05
Developer
MAG
Completed
2020
Service charge
AED 11,400 /yr
Last sold
AED 228K · December 2022
Building
MAG 515

About 105, MAG 515

105 is a two-bedroom apartment of 669 sqft on the 1st floor of MAG 515, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 28 December 2022 for AED 227,668, or AED 340 per sqft.

It has been rented since 2020 on 3 Ejari contracts. The current contract, signed on 21 March 2023, is AED 40,000 a year: a gross yield of 17.6% on the 2022 price, before the service charge of about AED 11,400 a year.

Sales and rents for 105 over time

Sales
Unit 105, each saleTypical two-bed in MAG 515
200K400K600K2017201920212023Typical sale price by year: 2017 AED 620,000; 2018 AED 594,000Sold by developer, December 2022: AED 227,668 (AED 340 per sqft)

105 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 105, each contractTypical two-bed in MAG 515
40K60K2020202220242026Typical rent by year: 2020 AED 33,000; 2021 AED 33,000; 2022 AED 31,500; 2023 AED 40,000; 2024 AED 55,000; 2025 AED 60,000New contract, August 2020: AED 28,000 a yearRenewal, August 2021: AED 28,000 a yearNew contract, March 2023: AED 40,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in MAG 515, and where 105 sits

All 12 2-beds →
Recent 2-bed salesUnit no.Price (AED)Summary
29 Jan 2025667,000
24 May 2024600,000
12 Feb 2024486,600
21 Nov 2023608,000
0 2-bed sales in the last 12 months

MAG 515

Building

132 apartments, studios to 2-bed over 6 floors in Dubai South, completed in 2020 by MAG. 1 sold in the last 12 months.

Typical price per sqft
AED 67
Typical sale
AED 32K
Typical rent
AED 43K /yr
Typical yield
144.0%
MAG 515, Dubai South: prices, sales and rents →

Other units on the 1st floor

All 132 units in MAG 515
Value
1011-bedAED 400K · Feb 2022
102StudioAED 390K · Oct 2017
103StudioAED 370K · Oct 2018
1041-bedAED 444K · Jul 2017
1061-bedAED 480K · Jul 2018
107StudioAED 240K · Mar 2021
108StudioAED 360K · Jul 2018
1–7 of 21

105, MAG 515 in numbers

  • Sold once: by MAG on 28 December 2022 for AED 227,668, or AED 340 per sqft.
  • Rented since August 2020 on 3 Ejari contracts, from AED 28,000 to AED 40,000 a year.
  • At AED 40,000 a year the gross yield on the 2022 price is 17.6%, before a service charge of about AED 11,400 a year (AED 17.07 per sqft).

Source: Dubai Land Department. Updated 21 March 2023.

Questions about 105, MAG 515

What did unit 105 last sell for?

AED 227,668 on 28 December 2022, sold by the developer: AED 340 per sqft for 669 sqft. It is the only registered sale of the unit.

What is the rent for unit 105?

AED 40,000 a year on the contract signed on 21 March 2023. The previous contract, from August 2021, was AED 28,000; the unit has been rented since August 2020.

How big is unit 105?

669 sqft (62.2 sqm): a two-bedroom apartment on the 1st floor of a 6-storey tower completed in 2020.

What is unit 105 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 105, MAG 515

Starts from the last sale price (AED 228K, 28 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 227,668
Deposit, UAE resident (20%)
AED 45,534
Deposit, non-resident (40%)
AED 91,067
Monthly over 25 years at 3.7%
AED 931

Plus AED 12,472 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →