114, MAG 515
Sold prices and rental history: sold once, by the developer in October 2022, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 114, MAG 515
What is 114 worth today?
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Source: Dubai Land Department. Updated 18 June 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 638 sqft
- Floor
- 1st of 6
- Parking
- G-14
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 10,900 /yr
- Last sold
- AED 435K · October 2022
- Building
- MAG 515
About 114, MAG 515
114 is a one-bedroom apartment of 638 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 10 October 2022 for AED 435,000, or AED 682 per sqft.
It has been rented since 2021 on 2 Ejari contracts. The current contract, signed on 18 June 2024, is AED 44,000 a year: a gross yield of 10.1% on the 2022 price, before the service charge of about AED 10,900 a year.
Sales and rents for 114 over time
114 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in MAG 515, and where 114 sits
All 59 1-beds →Over the last 12 months one-beds sold for AED 32,436, around AED 67 per sqft, and rent for AED 43,000 to 61,000 a year. 114's AED 44,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 14 Jan 202614 January 2026 | 478 sqft | 32,436 | 67 | ||
| 16 May 202516 May 2025 | 514 sqft | 550,000 | 1,070 | ||
| 28 Apr 202528 April 2025 | 478 sqft | 540,000 | 1,129 | ||
| 19 Mar 202519 March 2025 | 514 sqft | 615,000 | 1,196 |
MAG 515
Building132 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%
Other units on the 1st floor
All 132 units in MAG 515| ValueToday's value | |||||
|---|---|---|---|---|---|
| 101 | 1-bed | 628 sqft | AED 400KAED 400,000 · Feb 2022February 2022 | 34,000 /yr | |
| 102 | Studio | 387 sqft | AED 390KAED 390,000 · Oct 2017October 2017 | 18,000 /yr | |
| 103 | Studio | 365 sqft | AED 370KAED 370,000 · Oct 2018October 2018 | 37,000 /yr | |
| 104 | 1-bed | 478 sqft | AED 444KAED 443,758 · Jul 2017July 2017 | 44,000 /yr | |
| 105 | 2-bed | 669 sqft | AED 228KAED 227,668 · Dec 2022December 2022 | 40,000 /yr | |
| 106 | 1-bed | 483 sqft | AED 480KAED 480,000 · Jul 2018July 2018 | 50,000 /yr | |
| 107 | Studio | 387 sqft | AED 240KAED 240,000 · Mar 2021March 2021 | 40,000 /yr | |
| 108 | Studio | 347 sqft | AED 360KAED 360,000 · Jul 2018July 2018 | 19,000 /yr | |
| 109 | 1-bed | 478 sqft | AED 32KAED 32,436 · Jan 2026January 2026 | 51,000 /yr | |
| 110 | 2-bed | 665 sqft | AED 580KAED 580,000 · Sep 2018September 2018 | 60,000 /yr | |
| 111 | 1-bed | 483 sqft | AED 455KAED 455,000 · Nov 2019November 2019 | 30,800 /yr | |
| 112 | 1-bed | 656 sqft | AED 512KAED 511,500 · Nov 2019November 2019 | 50,000 /yr | |
| 113 | 622 sqft | AED 645KAED 645,000 · Sep 2025September 2025 | 40,000 /yr | ||
| 115 | Studio | 410 sqft | AED 373KAED 373,000 · Feb 2018February 2018 | 34,500 /yr | |
| 116 | Studio | 410 sqft | AED 377KAED 376,602 · Aug 2017August 2017 | 38,000 /yr | |
| 117 | Studio | 437 sqft | AED 400KAED 400,000 · Jun 2024June 2024 | 41,000 /yr | |
| 118 | Studio | 437 sqft | AED 425KAED 425,000 · Oct 2024October 2024 | 42,000 /yr | |
| 119 | 1-bed | 514 sqft | AED 500KAED 499,990 · Dec 2024December 2024 | 54,000 /yr | |
| 120 | 1-bed | 514 sqft | AED 474KAED 474,000 · Oct 2017October 2017 | 50,000 /yr | |
| 121 | Studio | 360 sqft | AED 380KAED 380,000 · Aug 2017August 2017 | 40,000 /yr | |
| 122 | Studio | 360 sqft | AED 350KAED 350,000 · Aug 2017August 2017 | 24,000 /yr |
114, MAG 515 in numbers
- Sold once: by MAG on 10 October 2022 for AED 435,000, or AED 682 per sqft.
- Rented since April 2021 on 2 Ejari contracts, from AED 25,000 to AED 44,000 a year.
- At AED 44,000 a year the gross yield on the 2022 price is 10.1%, before a service charge of about AED 10,900 a year (AED 17.07 per sqft).
- One-beds in MAG 515 sold for AED 32,436–32,436 in the 12 months to November 2026; the building's median across all types is AED 67 per sqft.
Source: Dubai Land Department. Updated 18 June 2024.
Questions about 114, MAG 515
What did unit 114 last sell for?
AED 435,000 on 10 October 2022, sold by the developer: AED 682 per sqft for 638 sqft. It is the only registered sale of the unit.
What is the rent for unit 114?
AED 44,000 a year on the contract signed on 18 June 2024. The previous contract, from April 2021, was AED 25,000.
How big is unit 114?
638 sqft (59.3 sqm): a one-bedroom apartment on the 1st floor of a 6-storey tower completed in 2020.
What is unit 114 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in MAG 515 sold for AED 32,436 to 32,436 in the last 12 months, around AED 67 per sqft.
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Mortgage on 114, MAG 515
Starts from the last sale price (AED 435K, 10 October 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 435,000
- Deposit, UAE resident (20%)
- AED 87,000
- Deposit, non-resident (40%)
- AED 174,000
- Monthly over 25 years at 3.7%
- AED 1,780
Plus AED 21,180 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →