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1-bed · 656 sqftMAG 515, Dubai South · 4th floor · completed 2020

412, MAG 515

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

Unit 412 · DLD and Ejari recordsUpdated 26 June 2025
Last soldAED 580K17 September 2017
Current rentAED 34K /yr26 June 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 412, MAG 515

What is 412 worth today?

Last sold for AED 580,000 in 2017

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26 Jun 2025RentedRenewal
AED 33,600/yr12 months · AED 51 per sqft
26 Jun 2024RentedRenewal
AED 28,000/yr12 months · AED 43 per sqft
26 Jun 2023RentedRenewal
AED 28,000/yr12 months · AED 43 per sqft
26 Jun 2022RentedNew contract
AED 24,000/yr12 months · AED 37 per sqft
25 Feb 2022RentedRenewal
AED 24,000/yr12 months · AED 37 per sqft
25 Feb 2020RentedNew contract
AED 28,000/yr12 months · AED 43 per sqft
17 Sep 2017Sold by developerOff-plan
AED 580,000AED 884 per sqft

Source: Dubai Land Department. Updated 26 June 2025.

Key facts

Type
1-bed apartment
Size
656 sqft
Floor
4th of 6
Parking
G-80
Developer
MAG
Completed
2020
Service charge
AED 11,200 /yr
Last sold
AED 580K · September 2017
Building
MAG 515

About 412, MAG 515

412 is a one-bedroom apartment of 656 sqft on the 4th floor of MAG 515, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 17 September 2017 for AED 580,000, or AED 884 per sqft, 3% below the AED 914 one-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 6 Ejari contracts. The current contract, renewed on 26 June 2025, is AED 33,600 a year: a gross yield of 5.8% on the 2017 price, before the service charge of about AED 11,200 a year.

Sales and rents for 412 over time

Sales
Unit 412, 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, September 2017: AED 580,000 (AED 884 per sqft)

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

Rents
Unit 412, 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, February 2020: AED 28,000 a yearRenewal, February 2022: AED 24,000 a yearNew contract, June 2022: AED 24,000 a yearRenewal, June 2023: AED 28,000 a yearRenewal, June 2024: AED 28,000 a yearRenewal, June 2025: AED 33,600 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 412 sits

All 59 1-beds →

412 last sold in September 2017 at AED 884 per sqft, 3% below what one-beds in MAG 515 were fetching at the time (AED 914). 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. 412's AED 33,600 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 4th floor

All 132 units in MAG 515
Value
4011-bedAED 595K · Jul 2024
402StudioAED 460K · Jul 2025
403StudioAED 335K · Apr 2018
4041-bedAED 483K · Sep 2018
4052-bedAED 469K · Jul 2021
4061-bedAED 440K · May 2019
407StudioAED 355K · Oct 2017
1–7 of 21

412, MAG 515 in numbers

  • Sold once: by MAG on 17 September 2017 for AED 580,000, or AED 884 per sqft.
  • Rented since February 2020 on 6 Ejari contracts. The rent fell from AED 28,000 to AED 24,000 in 2022 and recovered to AED 33,600 by June 2025.
  • At AED 33,600 a year the gross yield on the 2017 price is 5.8%, before a service charge of about AED 11,200 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 26 June 2025.

Questions about 412, MAG 515

What did unit 412 last sell for?

AED 580,000 on 17 September 2017, sold by the developer: AED 884 per sqft for 656 sqft. It is the only registered sale of the unit.

What is the rent for unit 412?

AED 33,600 a year on the contract renewed on 26 June 2025. The previous contract, from June 2024, was AED 28,000; the unit has been rented since February 2020.

How big is unit 412?

656 sqft (60.9 sqm): a one-bedroom apartment on the 4th floor of a 6-storey tower completed in 2020.

What is unit 412 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 412, MAG 515

Starts from the last sale price (AED 580K, 17 September 2017). Switch to today's estimate once you have unlocked it.
Price
AED 580,000
Deposit, UAE resident (20%)
AED 116,000
Deposit, non-resident (40%)
AED 232,000
Monthly over 25 years at 3.7%
AED 2,373

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