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1-bed · 478 sqftMAG 515, Dubai South · 3rd floor · completed 2020

309, MAG 515

Sold prices and rental history: sold twice, last in April 2025, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 309 · DLD and Ejari recordsUpdated 28 April 2025
Last soldAED 540K28 April 2025
Current rentAED 33K /yr1 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 309, MAG 515

What is 309 worth today?

Last sold for AED 540,000 in 2025

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28 Apr 2025SoldReady
AED 540,000AED 1,129 per sqft
1 Aug 2024RentedRenewal
AED 33,000/yr12 months · AED 69 per sqft
1 Aug 2023RentedRenewal
AED 30,000/yr12 months · AED 63 per sqft
25 Jun 2021RentedRenewal
AED 24,000/yr12 months · AED 51 per sqft
25 Jun 2020RentedNew contract
AED 24,000/yr12 months · AED 51 per sqft
6 Nov 2017Sold by developerOff-plan
AED 467,600AED 977 per sqft

Source: Dubai Land Department. Updated 28 April 2025.

Key facts

Type
1-bed apartment
Size
478 sqft
Floor
3rd of 6
Parking
G-55
Developer
MAG
Completed
2020
Service charge
AED 8,200 /yr
Last sold
AED 540K · April 2025
Building
MAG 515

About 309, MAG 515

309 is a one-bedroom apartment of 478 sqft on the 3rd floor of MAG 515, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 28 April 2025 for AED 540,000, or AED 1,129 per sqft, 8% above the AED 1,042 one-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, renewed on 1 August 2024, is AED 33,000 a year: a gross yield of 6.1% on the 2025 price, before the service charge of about AED 8,200 a year.

Sales and rents for 309 over time

Sales
Unit 309, 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, November 2017: AED 467,600 (AED 977 per sqft)Sold, April 2025: AED 540,000 (AED 1,129 per sqft)

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

Rents
Unit 309, 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, June 2020: AED 24,000 a yearRenewal, June 2021: AED 24,000 a yearRenewal, August 2023: AED 30,000 a yearRenewal, August 2024: AED 33,000 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 309 sits

All 59 1-beds →

309 last sold in April 2025 at AED 1,129 per sqft, 8% above what one-beds in MAG 515 were fetching at the time (AED 1,042). 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. 309's AED 33,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
14 Jan 202632,436
16 May 2025550,000
19 Mar 2025615,000
21 Feb 2025560,000
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
3011-bedAED 490K · May 2024
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
1–7 of 21

309, MAG 515 in numbers

  • Sold twice: first on 6 November 2017 for AED 467,600, last on 28 April 2025 for AED 540,000 (AED 1,129 per sqft).
  • Rented since June 2020 on 4 Ejari contracts, from AED 24,000 to AED 33,000 a year.
  • At AED 33,000 a year the gross yield on the 2025 price is 6.1%, before a service charge of about AED 8,200 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 28 April 2025.

Questions about 309, MAG 515

What did unit 309 last sell for?

AED 540,000 on 28 April 2025: AED 1,129 per sqft for 478 sqft. The unit has 2 registered sales; the first was AED 467,600 in November 2017.

What is the rent for unit 309?

AED 33,000 a year on the contract renewed on 1 August 2024. The previous contract, from August 2023, was AED 30,000; the unit has been rented since June 2020.

How big is unit 309?

478 sqft (44.4 sqm): a one-bedroom apartment on the 3rd floor of a 6-storey tower completed in 2020.

What is unit 309 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 309, MAG 515

Starts from the last sale price (AED 540K, 28 April 2025). Switch to today's estimate once you have unlocked it.
Price
AED 540,000
Deposit, UAE resident (20%)
AED 108,000
Deposit, non-resident (40%)
AED 216,000
Monthly over 25 years at 3.7%
AED 2,209

Plus AED 27,690 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →