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1-bed · 628 sqftMAG 515, Dubai South · 1st floor · completed 2020

101, MAG 515

Sold prices and rental history: sold once, by the developer in February 2022, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 101 · DLD and Ejari recordsUpdated 24 March 2024
Last soldAED 400K18 February 2022
Current rentAED 34K /yr24 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 101, MAG 515

What is 101 worth today?

Last sold for AED 400,000 in 2022

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24 Mar 2024RentedRenewal
AED 34,000/yr12 months · AED 54 per sqft
24 Mar 2023RentedRenewal
AED 28,615/yr12 months · AED 46 per sqft
24 Mar 2022RentedNew contract
AED 28,000/yr12 months · AED 45 per sqft
18 Feb 2022Sold by developerReady
AED 400,000AED 636 per sqft

Source: Dubai Land Department. Updated 24 March 2024.

Key facts

Type
1-bed apartment
Size
628 sqft
Floor
1st of 6
Parking
G-01
Developer
MAG
Completed
2020
Service charge
AED 10,700 /yr
Last sold
AED 400K · February 2022
Building
MAG 515

About 101, MAG 515

101 is a one-bedroom apartment of 628 sqft on the 1st floor of MAG 515, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 18 February 2022 for AED 400,000, or AED 636 per sqft.

It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 24 March 2024, is AED 34,000 a year: a gross yield of 8.5% on the 2022 price, before the service charge of about AED 10,700 a year.

Sales and rents for 101 over time

Sales
Unit 101, each saleTypical one-bed in MAG 515
400K500K600K2017202020232026Typical sale price by year: 2017 AED 467,600; 2018 AED 480,000; 2019 AED 480,000; 2022 AED 435,000; 2023 AED 463,731; 2024 AED 572,500; 2025 AED 545,000Sold by developer, February 2022: AED 400,000 (AED 636 per sqft)

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

Rents
Unit 101, each contractTypical one-bed in MAG 515
40K2020202220242026Typical rent by year: 2020 AED 25,000; 2021 AED 24,500; 2022 AED 27,000; 2023 AED 30,400; 2024 AED 37,500; 2025 AED 48,931; 2026 AED 49,000New contract, March 2022: AED 28,000 a yearRenewal, March 2023: AED 28,615 a yearRenewal, March 2024: AED 34,000 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 101 sits

All 60 1-beds →

Over the last 12 months one-beds sold for AED 590,000 to 600,000, around AED 1,087 per sqft, and rent for AED 35,000 to 61,000 a year. 101's AED 34,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
12 Aug 2026590,000
5 Aug 202624,754
22 Jul 202621,043
18 May 2026600,000
5 1-bed sales 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. 9 sold in the last 12 months.

Typical price per sqft
AED 1,092
Typical sale
AED 595K
Typical rent
AED 43K /yr
Typical yield
8.8%
MAG 515, Dubai South: prices, sales and rents →

Other units on the 1st floor

All 132 units in MAG 515
Value
102StudioAED 390K · Oct 2017
103StudioAED 370K · Oct 2018
1041-bedAED 444K · Jul 2017
1052-bedAED 228K · Dec 2022
1061-bedAED 480K · Jul 2018
107StudioAED 240K · Mar 2021
108StudioAED 360K · Jul 2018
1–7 of 21

101, MAG 515 in numbers

  • Sold once: by MAG on 18 February 2022 for AED 400,000, or AED 636 per sqft.
  • Rented since March 2022 on 3 Ejari contracts, from AED 28,000 to AED 34,000 a year.
  • At AED 34,000 a year the gross yield on the 2022 price is 8.5%, before a service charge of about AED 10,700 a year (AED 17.07 per sqft).
  • One-beds in MAG 515 sold for AED 590,000–600,000 in the 12 months to November 2026; the building's median across all types is AED 1,092 per sqft.

Source: Dubai Land Department. Updated 24 March 2024.

Questions about 101, MAG 515

What did unit 101 last sell for?

AED 400,000 on 18 February 2022, sold by the developer: AED 636 per sqft for 628 sqft. It is the only registered sale of the unit.

What is the rent for unit 101?

AED 34,000 a year on the contract renewed on 24 March 2024. The previous contract, from March 2023, was AED 28,615; the unit has been rented since March 2022.

How big is unit 101?

628 sqft (58.3 sqm): a one-bedroom apartment on the 1st floor of a 6-storey tower completed in 2020.

What is unit 101 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 590,000 to 600,000 in the last 12 months, around AED 1,087 per sqft.

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Mortgage on 101, MAG 515

Starts from the last sale price (AED 400K, 18 February 2022). Switch to today's estimate once you have unlocked it.
Price
AED 400,000
Deposit, UAE resident (20%)
AED 80,000
Deposit, non-resident (40%)
AED 160,000
Monthly over 25 years at 3.7%
AED 1,637

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