1-bed · 478 sqftMAG 515, Dubai South · 1st floor · completed 2020

104, MAG 515

Sold prices and rental history: sold once, by the developer in July 2017, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 104 · DLD and Ejari recordsUpdated 22 May 2025
Last soldAED 444K19 July 2017
Current rentAED 50K /yr22 May 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 104, MAG 515

What is 104 worth today?

Last sold for AED 443,758 in 2017

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22 May 2025RentedNew contract
AED 50,000/yr12 months · AED 105 per sqft
30 Mar 2024RentedNew contract
AED 44,000/yr12 months · AED 93 per sqft
1 Jun 2023RentedNew contract
AED 30,000/yr12 months · AED 63 per sqft
29 Nov 2022RentedNew contract
AED 29,000/yr12 months · AED 61 per sqft
1 Dec 2021RentedRenewal
AED 24,500/yr12 months · AED 52 per sqft
1 Dec 2020RentedNew contract
AED 21,600/yr12 months · AED 46 per sqft
1 Dec 2019RentedNew contract
AED 24,000/yr12 months · AED 51 per sqft
19 Jul 2017Sold by developerOff-plan
AED 443,758AED 927 per sqft

Source: Dubai Land Department. Updated 22 May 2025.

Key facts

Type
1-bed apartment
Size
478 sqft
Floor
1st of 6
Parking
G-04
Developer
MAG
Completed
2020
Service charge
AED 8,200 /yr
Last sold
AED 444K · July 2017
Building
MAG 515

About 104, MAG 515

104 is a one-bedroom apartment of 478 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 19 July 2017 for AED 443,758, or AED 927 per sqft.

It has been rented continuously since 2019 on 7 Ejari contracts. The current contract, signed on 22 May 2025, is AED 50,000 a year: a gross yield of 11.3% on the 2017 price, before the service charge of about AED 8,200 a year.

Sales and rents for 104 over time

Sales
Unit 104, each saleTypical one-bed in MAG 515
500K2017202020232026Typical 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, July 2017: AED 443,758 (AED 927 per sqft)

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

Rents
Unit 104, each contractTypical one-bed in MAG 515
20K40K20192021202320252027Typical 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, December 2019: AED 24,000 a yearNew contract, December 2020: AED 21,600 a yearRenewal, December 2021: AED 24,500 a yearNew contract, November 2022: AED 29,000 a yearNew contract, June 2023: AED 30,000 a yearNew contract, March 2024: AED 44,000 a yearNew contract, May 2025: AED 50,000 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 104 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. 104's AED 50,000 is in the upper half 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
1011-bedAED 400K · Feb 2022
102StudioAED 390K · Oct 2017
103StudioAED 370K · Oct 2018
1052-bedAED 228K · Dec 2022
1061-bedAED 480K · Jul 2018
107StudioAED 240K · Mar 2021
108StudioAED 360K · Jul 2018
1–7 of 21

104, MAG 515 in numbers

  • Sold once: by MAG on 19 July 2017 for AED 443,758, or AED 927 per sqft.
  • Rented since December 2019 on 7 Ejari contracts, from AED 24,000 to AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2017 price is 11.3%, before a service charge of about AED 8,200 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 22 May 2025.

Questions about 104, MAG 515

What did unit 104 last sell for?

AED 443,758 on 19 July 2017, sold by the developer: AED 927 per sqft for 478 sqft. It is the only registered sale of the unit.

What is the rent for unit 104?

AED 50,000 a year on the contract signed on 22 May 2025. The previous contract, from March 2024, was AED 44,000; the unit has been rented since December 2019.

How big is unit 104?

478 sqft (44.4 sqm): a one-bedroom apartment on the 1st floor of a 6-storey tower completed in 2020.

What is unit 104 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 104, MAG 515

Starts from the last sale price (AED 444K, 19 July 2017). Switch to today's estimate once you have unlocked it.
Price
AED 443,758
Deposit, UAE resident (20%)
AED 88,752
Deposit, non-resident (40%)
AED 177,503
Monthly over 25 years at 3.7%
AED 1,816

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