Home
Dubai prices
About
Research
1-bed · 629 sqftMAG 515, Dubai South · 6th floor · completed 2020

601, MAG 515

Sold prices and rental history: sold once, by the developer in May 2019, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 601 · DLD and Ejari recordsUpdated 24 April 2025
Last soldAED 527K5 May 2019
Current rentAED 32K /yr24 April 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 601

Property timeline for 601, MAG 515

What is 601 worth today?

Last sold for AED 527,000 in 2019

Unlock today's estimate, updated daily, with

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

24 Apr 2025RentedRenewal
AED 31,878/yr12 months · AED 51 per sqft
24 Apr 2024RentedRenewal
AED 26,565/yr12 months · AED 42 per sqft
24 Apr 2023RentedNew contract
AED 24,150/yr12 months · AED 38 per sqft
24 Apr 2022RentedNew contract
AED 24,150/yr12 months · AED 38 per sqft
24 Apr 2021RentedNew contract
AED 23,000/yr12 months · AED 37 per sqft
5 May 2019Sold by developerOff-plan
AED 527,000AED 837 per sqft

Source: Dubai Land Department. Updated 24 April 2025.

Key facts

Type
1-bed apartment
Size
629 sqft
Floor
6th of 6
Parking
G-114
Developer
MAG
Completed
2020
Service charge
AED 10,700 /yr
Last sold
AED 527K · May 2019
Building
MAG 515

About 601, MAG 515

601 is a one-bedroom apartment of 629 sqft on the 6th floor of MAG 515, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 5 May 2019 for AED 527,000, or AED 837 per sqft, 9% below the AED 921 one-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, renewed on 24 April 2025, is AED 31,878 a year: a gross yield of 6.0% on the 2019 price, before the service charge of about AED 10,700 a year.

Sales and rents for 601 over time

Sales
Unit 601, each saleTypical one-bed in MAG 515
450K500K550K2017202020232026Typical 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, May 2019: AED 527,000 (AED 837 per sqft)

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

Rents
Unit 601, 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, April 2021: AED 23,000 a yearNew contract, April 2022: AED 24,150 a yearNew contract, April 2023: AED 24,150 a yearRenewal, April 2024: AED 26,565 a yearRenewal, April 2025: AED 31,878 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 601 sits

All 59 1-beds →

601 last sold in May 2019 at AED 837 per sqft, 9% below what one-beds in MAG 515 were fetching at the time (AED 921). 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. 601's AED 31,878 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 6th floor

All 132 units in MAG 515
Value
602StudioAED 360K · Apr 2019
603StudioAED 300K · Jul 2017
6041-bedAED 400K · Jul 2017
6052-bedAED 600K · May 2024
6061-bedAED 450K · May 2019
607StudioAED 360K · Jun 2024
608StudioAED 275K · Jul 2021
1–7 of 21

601, MAG 515 in numbers

  • Sold once: by MAG on 5 May 2019 for AED 527,000, or AED 837 per sqft.
  • Rented since April 2021 on 5 Ejari contracts, from AED 23,000 to AED 31,878 a year.
  • At AED 31,878 a year the gross yield on the 2019 price is 6.0%, before a service charge of about AED 10,700 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 24 April 2025.

Questions about 601, MAG 515

What did unit 601 last sell for?

AED 527,000 on 5 May 2019, sold by the developer: AED 837 per sqft for 629 sqft. It is the only registered sale of the unit.

What is the rent for unit 601?

AED 31,878 a year on the contract renewed on 24 April 2025. The previous contract, from April 2024, was AED 26,565; the unit has been rented since April 2021.

How big is unit 601?

629 sqft (58.4 sqm): a one-bedroom apartment on the 6th floor of a 6-storey tower completed in 2020.

What is unit 601 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 601? 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 601, MAG 515

Starts from the last sale price (AED 527K, 5 May 2019). Switch to today's estimate once you have unlocked it.
Price
AED 527,000
Deposit, UAE resident (20%)
AED 105,400
Deposit, non-resident (40%)
AED 210,800
Monthly over 25 years at 3.7%
AED 2,156

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