Home
Dubai prices
About
Research
1-bed · 638 sqftMAG 515, Dubai South · 4th floor · completed 2020

414, MAG 515

Sold prices and rental history: sold 3 times, last in September 2023, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 414 · DLD and Ejari recordsUpdated 7 September 2023
Last soldAED 450K7 September 2023
Current rentAED 37K /yr5 June 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 414

Property timeline for 414, MAG 515

What is 414 worth today?

Last sold for AED 450,000 in 2023

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

7 Sep 2023SoldReady
AED 450,000AED 705 per sqft
5 Jun 2023RentedNew contract
AED 37,000/yr12 months · AED 58 per sqft
30 May 2022RentedNew contract
AED 28,000/yr12 months · AED 44 per sqft
8 May 2021RentedNew contract
AED 24,000/yr12 months · AED 38 per sqft
6 Apr 2021SoldReady
AED 350,000AED 548 per sqft
8 May 2020RentedNew contract
AED 24,000/yr12 months · AED 38 per sqft
27 Sep 2018Sold by developerOff-plan
AED 515,251AED 808 per sqft

Source: Dubai Land Department. Updated 7 September 2023.

Key facts

Type
1-bed apartment
Size
638 sqft
Floor
4th of 6
Parking
G-82
Developer
MAG
Completed
2020
Service charge
AED 10,900 /yr
Last sold
AED 450K · September 2023
Building
MAG 515

About 414, MAG 515

414 is a one-bedroom apartment of 638 sqft on the 4th floor of MAG 515, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 7 September 2023 for AED 450,000, or AED 705 per sqft.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, signed on 5 June 2023, is AED 37,000 a year: a gross yield of 8.2% on the 2023 price, before the service charge of about AED 10,900 a year.

Sales and rents for 414 over time

Sales
Unit 414, each saleTypical one-bed in MAG 515
400K600K2017202020232026Typical 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 2018: AED 515,251 (AED 808 per sqft)Sold, April 2021: AED 350,000 (AED 548 per sqft)Sold, September 2023: AED 450,000 (AED 705 per sqft)

414 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 414, 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, May 2020: AED 24,000 a yearNew contract, May 2021: AED 24,000 a yearNew contract, May 2022: AED 28,000 a yearNew contract, June 2023: AED 37,000 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 414 sits

All 59 1-beds →

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. 414's AED 37,000 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
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

414, MAG 515 in numbers

  • Sold 3 times: first on 27 September 2018 for AED 515,251, last on 7 September 2023 for AED 450,000 (AED 705 per sqft).
  • Rented since May 2020 on 4 Ejari contracts, from AED 24,000 to AED 37,000 a year.
  • At AED 37,000 a year the gross yield on the 2023 price is 8.2%, before a service charge of about AED 10,900 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 7 September 2023.

Questions about 414, MAG 515

What did unit 414 last sell for?

AED 450,000 on 7 September 2023: AED 705 per sqft for 638 sqft. The unit has 3 registered sales; the first was AED 515,251 in September 2018.

What is the rent for unit 414?

AED 37,000 a year on the contract signed on 5 June 2023. The previous contract, from May 2022, was AED 28,000; the unit has been rented since May 2020.

How big is unit 414?

638 sqft (59.3 sqm): a one-bedroom apartment on the 4th floor of a 6-storey tower completed in 2020.

What is unit 414 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.

Selling 414? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 414, MAG 515

Starts from the last sale price (AED 450K, 7 September 2023). Switch to today's estimate once you have unlocked it.
Price
AED 450,000
Deposit, UAE resident (20%)
AED 90,000
Deposit, non-resident (40%)
AED 180,000
Monthly over 25 years at 3.7%
AED 1,841

Plus AED 21,810 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →