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1-bed · 514 sqftMAG 515, Dubai South · 3rd floor · completed 2020

320, MAG 515

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

Unit 320 · DLD and Ejari recordsUpdated 19 March 2025
Last soldAED 615K19 March 2025
Current rentAED 35K /yr1 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 320, MAG 515

What is 320 worth today?

Last sold for AED 615,000 in 2025

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19 Mar 2025SoldReady
AED 615,000AED 1,196 per sqft
1 Oct 2024RentedRenewal
AED 35,000/yr12 months · AED 68 per sqft
1 Oct 2023RentedRenewal
AED 28,000/yr12 months · AED 54 per sqft
20 Aug 2021RentedRenewal
AED 22,000/yr12 months · AED 43 per sqft
20 Aug 2020RentedNew contract
AED 21,000/yr12 months · AED 41 per sqft
29 Aug 2017Sold by developerOff-plan
AED 500,000AED 973 per sqft

Source: Dubai Land Department. Updated 19 March 2025.

Key facts

Type
1-bed apartment
Size
514 sqft
Floor
3rd of 6
Parking
G-66
Developer
MAG
Completed
2020
Service charge
AED 8,800 /yr
Last sold
AED 615K · March 2025
Building
MAG 515

About 320, MAG 515

320 is a one-bedroom apartment of 514 sqft on the 3rd floor of MAG 515, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 19 March 2025 for AED 615,000, or AED 1,196 per sqft, 18% above the AED 1,014 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 October 2024, is AED 35,000 a year: a gross yield of 5.7% on the 2025 price, before the service charge of about AED 8,800 a year.

Sales and rents for 320 over time

Sales
Unit 320, each saleTypical one-bed in MAG 515
500K600K2017202020232026Typical 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, August 2017: AED 500,000 (AED 973 per sqft)Sold, March 2025: AED 615,000 (AED 1,196 per sqft)

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

Rents
Unit 320, 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, August 2020: AED 21,000 a yearRenewal, August 2021: AED 22,000 a yearRenewal, October 2023: AED 28,000 a yearRenewal, October 2024: AED 35,000 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 320 sits

All 59 1-beds →

320 last sold in March 2025 at AED 1,196 per sqft, 18% above what one-beds in MAG 515 were fetching at the time (AED 1,014). 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. 320's AED 35,000 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
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

320, MAG 515 in numbers

  • Sold twice: first on 29 August 2017 for AED 500,000, last on 19 March 2025 for AED 615,000 (AED 1,196 per sqft).
  • Rented since August 2020 on 4 Ejari contracts, from AED 21,000 to AED 35,000 a year.
  • At AED 35,000 a year the gross yield on the 2025 price is 5.7%, before a service charge of about AED 8,800 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 19 March 2025.

Questions about 320, MAG 515

What did unit 320 last sell for?

AED 615,000 on 19 March 2025: AED 1,196 per sqft for 514 sqft. The unit has 2 registered sales; the first was AED 500,000 in August 2017.

What is the rent for unit 320?

AED 35,000 a year on the contract renewed on 1 October 2024. The previous contract, from October 2023, was AED 28,000; the unit has been rented since August 2020.

How big is unit 320?

514 sqft (47.8 sqm): a one-bedroom apartment on the 3rd floor of a 6-storey tower completed in 2020.

What is unit 320 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 320, MAG 515

Starts from the last sale price (AED 615K, 19 March 2025). Switch to today's estimate once you have unlocked it.
Price
AED 615,000
Deposit, UAE resident (20%)
AED 123,000
Deposit, non-resident (40%)
AED 246,000
Monthly over 25 years at 3.7%
AED 2,516

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