506, MAG 515
Sold prices and rental history: sold twice, last in January 2025, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 506, MAG 515
What is 506 worth today?
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Source: Dubai Land Department. Updated 9 January 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 483 sqft
- Floor
- 5th of 6
- Parking
- G-47
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 8,200 /yr
- Last sold
- AED 490K · January 2025
- Building
- MAG 515
About 506, MAG 515
506 is a one-bedroom apartment of 483 sqft on the 5th floor of MAG 515, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 9 January 2025 for AED 490,000, or AED 1,014 per sqft, 3% above the AED 980 one-beds in the building were fetching at the time.
It has been rented since 2020 on 2 Ejari contracts. The current contract, renewed on 5 September 2021, is AED 23,000 a year: a gross yield of 4.7% on the 2025 price, before the service charge of about AED 8,200 a year.
Sales and rents for 506 over time
506 has sold twice; 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 506 sits
All 59 1-beds →506 last sold in January 2025 at AED 1,014 per sqft, 3% above what one-beds in MAG 515 were fetching at the time (AED 980). 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. 506's AED 23,000 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 5th floor
All 132 units in MAG 515| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 629 sqft | AED 550KAED 550,000 · Mar 2018March 2018 | 49,862 /yr | |
| 502 | Studio | 389 sqft | AED 250KAED 250,000 · Sep 2020September 2020 | 33,000 /yr | |
| 503 | Studio | 365 sqft | AED 350KAED 350,000 · May 2019May 2019 | 42,000 /yr | |
| 504 | 1-bed | 478 sqft | AED 499KAED 499,000 · Nov 2023November 2023 | 46,000 /yr | |
| 505 | 2-bed | 669 sqft | AED 638KAED 638,420 · May 2018May 2018 | 52,000 /yr | |
| 507 | Studio | 389 sqft | AED 365KAED 365,000 · Mar 2018March 2018 | 35,000 /yr | |
| 508 | Studio | 349 sqft | AED 346KAED 346,333 · Jun 2019June 2019 | 26,000 /yr | |
| 509 | 1-bed | 478 sqft | AED 560KAED 560,000 · Feb 2025February 2025 | 33,000 /yr | |
| 510 | 2-bed | 666 sqft | AED 667KAED 667,000 · Jan 2025January 2025 | 60,000 /yr | |
| 511 | 1-bed | 483 sqft | AED 445KAED 445,280 · Nov 2018November 2018 | 60,000 /yr | |
| 512 | 1-bed | 657 sqft | AED 590KAED 590,000 · Nov 2017November 2017 | 48,000 /yr | |
| 513 | 1-bed | 623 sqft | AED 467KAED 466,695 · Jul 2018July 2018 | 58,000 /yr | |
| 514 | 1-bed | 638 sqft | AED 579KAED 578,742 · Feb 2018February 2018 | 55,000 /yr | |
| 515 | Studio | 410 sqft | AED 425KAED 425,000 · Dec 2024December 2024 | 40,000 /yr | |
| 516 | Studio | 410 sqft | AED 420KAED 420,000 · Aug 2024August 2024 | 38,000 /yr | |
| 517 | Studio | 437 sqft | AED 460KAED 460,000 · Nov 2024November 2024 | 39,000 /yr | |
| 518 | Studio | 437 sqft | AED 403KAED 403,000 · Dec 2017December 2017 | 40,000 /yr | |
| 519 | 1-bed | 514 sqft | AED 550KAED 550,000 · May 2025May 2025 | 36,000 /yr | |
| 520 | 1-bed | 514 sqft | AED 500KAED 500,000 · Dec 2017December 2017 | 25,500 /yr | |
| 521 | Studio | 360 sqft | AED 370KAED 370,000 · Jul 2017July 2017 | 24,000 /yr | |
| 522 | Studio | 360 sqft | AED 430KAED 430,000 · Jun 2025June 2025 | 42,000 /yr |
506, MAG 515 in numbers
- Sold twice: first on 31 July 2017 for AED 450,000, last on 9 January 2025 for AED 490,000 (AED 1,014 per sqft).
- Rented since September 2020 on 2 Ejari contracts, at AED 23,000 a year.
- At AED 23,000 a year the gross yield on the 2025 price is 4.7%, 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 9 January 2025.
Questions about 506, MAG 515
What did unit 506 last sell for?
AED 490,000 on 9 January 2025: AED 1,014 per sqft for 483 sqft. The unit has 2 registered sales; the first was AED 450,000 in July 2017.
What is the rent for unit 506?
AED 23,000 a year on the contract renewed on 5 September 2021. The previous contract, from September 2020, was AED 23,000.
How big is unit 506?
483 sqft (44.9 sqm): a one-bedroom apartment on the 5th floor of a 6-storey tower completed in 2020.
What is unit 506 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 506, MAG 515
Starts from the last sale price (AED 490K, 9 January 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 490,000
- Deposit, UAE resident (20%)
- AED 98,000
- Deposit, non-resident (40%)
- AED 196,000
- Monthly over 25 years at 3.7%
- AED 2,005
Plus AED 23,490 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →