311, MAG 515
Sold prices and rental history: sold once, by the developer in August 2017, and rented once, from August 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 311, MAG 515
What is 311 worth today?
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Source: Dubai Land Department. Updated 15 August 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 483 sqft
- Floor
- 3rd of 6
- Parking
- G-34
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 8,200 /yr
- Last sold
- AED 440K · August 2017
- Building
- MAG 515
About 311, MAG 515
311 is a one-bedroom apartment of 483 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 3 August 2017 for AED 440,000, or AED 911 per sqft, in line with the AED 911 one-beds in the building were fetching at the time.
One Ejari contract is registered, from 15 August 2024. The current contract, signed on 15 August 2024, is AED 33,000 a year: a gross yield of 7.5% on the 2017 price, before the service charge of about AED 8,200 a year.
Sales and rents for 311 over time
311 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 311 sits
All 59 1-beds →311 last sold in August 2017 at AED 911 per sqft, in line with what one-beds in MAG 515 were fetching at the time (AED 911). 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. 311's AED 33,000 is at the bottom 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 3rd floor
All 132 units in MAG 515| ValueToday's value | |||||
|---|---|---|---|---|---|
| 301 | 1-bed | 628 sqft | AED 490KAED 490,000 · May 2024May 2024 | 36,750 /yr | |
| 302 | Studio | 387 sqft | AED 390KAED 390,000 · Jan 2018January 2018 | 27,500 /yr | |
| 303 | Studio | 365 sqft | AED 415KAED 415,000 · May 2025May 2025 | 38,000 /yr | |
| 304 | 1-bed | 478 sqft | AED 470KAED 470,250 · Sep 2018September 2018 | 33,500 /yr | |
| 305 | 2-bed | 669 sqft | AED 650KAED 650,000 · Nov 2017November 2017 | 60,000 /yr | |
| 306 | 1-bed | 483 sqft | AED 448KAED 447,700 · Mar 2018March 2018 | 50,000 /yr | |
| 307 | Studio | 387 sqft | AED 400KAED 400,000 · Dec 2024December 2024 | 40,000 /yr | |
| 308 | Studio | 347 sqft | AED 270KAED 270,000 · Apr 2023April 2023 | 24,000 /yr | |
| 309 | 1-bed | 478 sqft | AED 540KAED 540,000 · Apr 2025April 2025 | 33,000 /yr | |
| 310 | 2-bed | 666 sqft | AED 620KAED 620,000 · Oct 2017October 2017 | ||
| 312 | 1-bed | 656 sqft | AED 555KAED 555,000 · Sep 2018September 2018 | 41,000 /yr | |
| 313 | 1-bed | 622 sqft | AED 515KAED 515,234 · Nov 2017November 2017 | 55,000 /yr | |
| 314 | 1-bed | 638 sqft | AED 584KAED 584,000 · Aug 2017August 2017 | 23,000 /yr | |
| 315 | Studio | 410 sqft | AED 375KAED 375,000 · Aug 2022August 2022 | 23,000 /yr | |
| 316 | Studio | 410 sqft | AED 400KAED 400,000 · Dec 2017December 2017 | ||
| 317 | Studio | 437 sqft | AED 320KAED 320,000 · May 2019May 2019 | 34,000 /yr | |
| 318 | Studio | 437 sqft | AED 405KAED 405,000 · Oct 2017October 2017 | 26,500 /yr | |
| 319 | 1-bed | 514 sqft | AED 500KAED 500,000 · Jul 2019July 2019 | 45,000 /yr | |
| 320 | 1-bed | 514 sqft | AED 615KAED 615,000 · Mar 2025March 2025 | 35,000 /yr | |
| 321 | Studio | 360 sqft | AED 355KAED 355,000 · Sep 2017September 2017 | 41,000 /yr | |
| 322 | Studio | 360 sqft | AED 355KAED 355,000 · Sep 2017September 2017 | 40,000 /yr |
311, MAG 515 in numbers
- Sold once: by MAG on 3 August 2017 for AED 440,000, or AED 911 per sqft.
- Rented since August 2024 on one Ejari contract, at AED 33,000 a year.
- At AED 33,000 a year the gross yield on the 2017 price is 7.5%, 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 15 August 2024.
Questions about 311, MAG 515
What did unit 311 last sell for?
AED 440,000 on 3 August 2017, sold by the developer: AED 911 per sqft for 483 sqft. It is the only registered sale of the unit.
What is the rent for unit 311?
AED 33,000 a year on the contract signed on 15 August 2024.
How big is unit 311?
483 sqft (44.9 sqm): a one-bedroom apartment on the 3rd floor of a 6-storey tower completed in 2020.
What is unit 311 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 311, MAG 515
Starts from the last sale price (AED 440K, 3 August 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 440,000
- Deposit, UAE resident (20%)
- AED 88,000
- Deposit, non-resident (40%)
- AED 176,000
- Monthly over 25 years at 3.7%
- AED 1,800
Plus AED 21,390 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →