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1-bed · 628 sqftMAG 515, Dubai South · 3rd floor · completed 2020

301, MAG 515

Sold prices and rental history: sold twice, last in May 2024, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 301 · DLD and Ejari recordsUpdated 16 May 2024
Last soldAED 490K16 May 2024
Current rentAED 37K /yr15 May 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 301, MAG 515

What is 301 worth today?

Last sold for AED 490,000 in 2024

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16 May 2024SoldReady
AED 490,000AED 779 per sqft
15 May 2024RentedNew contract
AED 36,750/yr12 months · AED 59 per sqft
15 May 2023RentedNew contract
AED 35,000/yr12 months · AED 56 per sqft
1 Nov 2022RentedRenewal
AED 30,000/yr6 months · AED 48 per sqft
1 Nov 2021RentedNew contract
AED 25,000/yr12 months · AED 40 per sqft
2 Oct 2018Sold by developerOff-plan
AED 480,000AED 763 per sqft

Source: Dubai Land Department. Updated 16 May 2024.

Key facts

Type
1-bed apartment
Size
628 sqft
Floor
3rd of 6
Parking
G-102
Developer
MAG
Completed
2020
Service charge
AED 10,700 /yr
Last sold
AED 490K · May 2024
Building
MAG 515

About 301, MAG 515

301 is a one-bedroom apartment of 628 sqft on the 3rd floor of MAG 515, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 16 May 2024 for AED 490,000, or AED 779 per sqft, 3% above the AED 753 one-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, signed on 15 May 2024, is AED 36,750 a year: a gross yield of 7.5% on the 2024 price, before the service charge of about AED 10,700 a year.

Sales and rents for 301 over time

Sales
Unit 301, each saleTypical one-bed in MAG 515
450K500K550K2017202020232026Typical sale price by year: 2017 AED 467,600; 2018 AED 480,000; 2019 AED 480,000; 2023 AED 463,731; 2024 AED 572,500; 2025 AED 540,000Sold by developer, October 2018: AED 480,000 (AED 763 per sqft)Sold, May 2024: AED 490,000 (AED 779 per sqft)

301 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 301, each contractTypical one-bed in MAG 515
20K40K60K2020202220242026Typical rent by year: 2020 AED 25,000; 2021 AED 25,000; 2022 AED 27,000; 2023 AED 30,400; 2024 AED 37,500; 2025 AED 49,931; 2026 AED 56,500New contract, November 2021: AED 25,000 a yearRenewal, November 2022: AED 30,000 a yearNew contract, May 2023: AED 35,000 a yearNew contract, May 2024: AED 36,750 a year

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 301 sits

All 59 1-beds →

301 last sold in May 2024 at AED 779 per sqft, 3% above what one-beds in MAG 515 were fetching at the time (AED 753). 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. 301's AED 36,750 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
14 Jan 202632,436
16 May 2025550,000
28 Apr 2025540,000
19 Mar 2025615,000
1 1-bed sale 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 3rd floor

All 132 units in MAG 515
Value
302StudioAED 390K · Jan 2018
303StudioAED 415K · May 2025
3041-bedAED 470K · Sep 2018
3052-bedAED 650K · Nov 2017
3061-bedAED 448K · Mar 2018
307StudioAED 400K · Dec 2024
308StudioAED 270K · Apr 2023
1–7 of 21

301, MAG 515 in numbers

  • Sold twice: first on 2 October 2018 for AED 480,000, last on 16 May 2024 for AED 490,000 (AED 779 per sqft).
  • Rented since November 2021 on 4 Ejari contracts, from AED 25,000 to AED 36,750 a year.
  • At AED 36,750 a year the gross yield on the 2024 price is 7.5%, before a service charge of about AED 10,700 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 16 May 2024.

Questions about 301, MAG 515

What did unit 301 last sell for?

AED 490,000 on 16 May 2024: AED 779 per sqft for 628 sqft. The unit has 2 registered sales; the first was AED 480,000 in October 2018.

What is the rent for unit 301?

AED 36,750 a year on the contract signed on 15 May 2024. The previous contract, from May 2023, was AED 35,000; the unit has been rented since November 2021.

How big is unit 301?

628 sqft (58.3 sqm): a one-bedroom apartment on the 3rd floor of a 6-storey tower completed in 2020.

What is unit 301 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 301, MAG 515

Starts from the last sale price (AED 490K, 16 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 490,000
Deposit, UAE resident (20%)
AED 98,000
Deposit, non-resident (40%)
AED 196,000
Monthly over 25 years at 3.7%
AED 2,005

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →