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2-bed · 669 sqftMAG 515, Dubai South · 3rd floor · completed 2020

305, MAG 515

Sold prices and rental history: sold once, by the developer in November 2017, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 305 · DLD and Ejari recordsUpdated 15 August 2025
Last soldAED 650K13 November 2017
Current rentAED 60K /yr15 August 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 305, MAG 515

What is 305 worth today?

Last sold for AED 650,000 in 2017

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15 Aug 2025RentedNew contract
AED 60,000/yr12 months · AED 90 per sqft
1 Dec 2023RentedNew contract
AED 40,000/yr12 months · AED 60 per sqft
22 May 2022RentedNew contract
AED 30,000/yr12 months · AED 45 per sqft
10 Mar 2021RentedNew contract
AED 25,000/yr12 months · AED 37 per sqft
1 Mar 2020RentedNew contract
AED 33,000/yr12 months · AED 49 per sqft
13 Nov 2017Sold by developerOff-plan
AED 650,000AED 971 per sqft

Source: Dubai Land Department. Updated 15 August 2025.

Key facts

Type
2-bed apartment
Size
669 sqft
Floor
3rd of 6
Parking
G-51
Developer
MAG
Completed
2020
Service charge
AED 11,400 /yr
Last sold
AED 650K · November 2017
Building
MAG 515

About 305, MAG 515

305 is a two-bedroom apartment of 669 sqft on the 3rd floor of MAG 515, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 13 November 2017 for AED 650,000, or AED 971 per sqft, 4% above the AED 931 two-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, signed on 15 August 2025, is AED 60,000 a year: a gross yield of 9.2% on the 2017 price, before the service charge of about AED 11,400 a year.

Sales and rents for 305 over time

Sales
Unit 305, each saleTypical two-bed in MAG 515
600K650K201720182019Typical sale price by year: 2017 AED 620,000; 2018 AED 594,000Sold by developer, November 2017: AED 650,000 (AED 971 per sqft)

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

Rents
Unit 305, each contractTypical two-bed in MAG 515
20K40K60K2020202220242026Typical 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, March 2020: AED 33,000 a yearNew contract, March 2021: AED 25,000 a yearNew contract, May 2022: AED 30,000 a yearNew contract, December 2023: AED 40,000 a yearNew contract, August 2025: AED 60,000 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 305 sits

All 12 2-beds →

305 last sold in November 2017 at AED 971 per sqft, 4% above what two-beds in MAG 515 were fetching at the time (AED 931).

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 3rd floor

All 132 units in MAG 515
Value
3011-bedAED 490K · May 2024
302StudioAED 390K · Jan 2018
303StudioAED 415K · May 2025
3041-bedAED 470K · Sep 2018
3061-bedAED 448K · Mar 2018
307StudioAED 400K · Dec 2024
308StudioAED 270K · Apr 2023
1–7 of 21

305, MAG 515 in numbers

  • Sold once: by MAG on 13 November 2017 for AED 650,000, or AED 971 per sqft.
  • Rented since March 2020 on 5 Ejari contracts. The rent fell from AED 33,000 to AED 25,000 in 2021 and recovered to AED 60,000 by August 2025.
  • At AED 60,000 a year the gross yield on the 2017 price is 9.2%, before a service charge of about AED 11,400 a year (AED 17.07 per sqft).

Source: Dubai Land Department. Updated 15 August 2025.

Questions about 305, MAG 515

What did unit 305 last sell for?

AED 650,000 on 13 November 2017, sold by the developer: AED 971 per sqft for 669 sqft. It is the only registered sale of the unit.

What is the rent for unit 305?

AED 60,000 a year on the contract signed on 15 August 2025. The previous contract, from December 2023, was AED 40,000; the unit has been rented since March 2020.

How big is unit 305?

669 sqft (62.2 sqm): a two-bedroom apartment on the 3rd floor of a 6-storey tower completed in 2020.

What is unit 305 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 305, MAG 515

Starts from the last sale price (AED 650K, 13 November 2017). Switch to today's estimate once you have unlocked it.
Price
AED 650,000
Deposit, UAE resident (20%)
AED 130,000
Deposit, non-resident (40%)
AED 260,000
Monthly over 25 years at 3.7%
AED 2,659

Plus AED 32,310 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →