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1-bed · 656 sqftMAG 515, Dubai South · 1st floor · completed 2020

112, MAG 515

Sold prices and rental history: sold once, by the developer in November 2019, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 112 · DLD and Ejari recordsUpdated 10 July 2026
Last soldAED 512K26 November 2019
Current rentAED 50K /yr10 July 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 112, MAG 515

What is 112 worth today?

Last sold for AED 511,500 in 2019

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10 Jul 2026RentedRenewal
AED 50,000/yr12 months · AED 76 per sqft
10 Jul 2025RentedNew contract
AED 50,000/yr12 months · AED 76 per sqft
10 Jul 2025RentedNew contract
AED 50,000/yr12 months · AED 76 per sqft
10 May 2024RentedNew contract
AED 48,000/yr12 months · AED 73 per sqft
25 Apr 2023RentedNew contract
AED 30,000/yr12 months · AED 46 per sqft
25 Apr 2022RentedNew contract
AED 28,000/yr12 months · AED 43 per sqft
1 Apr 2021RentedRenewal
AED 27,000/yr12 months · AED 41 per sqft
1 Apr 2020RentedNew contract
AED 28,000/yr12 months · AED 43 per sqft

Source: Dubai Land Department. Updated 10 July 2026.

Key facts

Type
1-bed apartment
Size
656 sqft
Floor
1st of 6
Parking
G-12
Developer
MAG
Completed
2020
Service charge
AED 11,200 /yr
Last sold
AED 512K · November 2019
Building
MAG 515

About 112, MAG 515

112 is a one-bedroom apartment of 656 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 26 November 2019 for AED 511,500, or AED 779 per sqft, 15% below the AED 916 one-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 8 Ejari contracts. The current contract, renewed on 10 July 2026, is AED 50,000 a year: a gross yield of 9.8% on the 2019 price, before the service charge of about AED 11,200 a year.

Sales and rents for 112 over time

Sales
Unit 112, 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, November 2019: AED 511,500 (AED 779 per sqft)

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

Rents
Unit 112, each contractTypical one-bed in MAG 515
20K40K2020202220242026Typical 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, April 2020: AED 28,000 a yearRenewal, April 2021: AED 27,000 a yearNew contract, April 2022: AED 28,000 a yearNew contract, April 2023: AED 30,000 a yearNew contract, May 2024: AED 48,000 a yearNew contract, July 2025: AED 50,000 a yearNew contract, July 2025: AED 50,000 a yearRenewal, July 2026: 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 112 sits

All 60 1-beds →

112 last sold in November 2019 at AED 779 per sqft, 15% below what one-beds in MAG 515 were fetching at the time (AED 916). 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. 112'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
1041-bedAED 444K · Jul 2017
1052-bedAED 228K · Dec 2022
1061-bedAED 480K · Jul 2018
107StudioAED 240K · Mar 2021
1–7 of 21

112, MAG 515 in numbers

  • Sold once: by MAG on 26 November 2019 for AED 511,500, or AED 779 per sqft.
  • Rented since April 2020 on 8 Ejari contracts, from AED 28,000 to AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2019 price is 9.8%, before a service charge of about AED 11,200 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 10 July 2026.

Questions about 112, MAG 515

What did unit 112 last sell for?

AED 511,500 on 26 November 2019, sold by the developer: AED 779 per sqft for 656 sqft. It is the only registered sale of the unit.

What is the rent for unit 112?

AED 50,000 a year on the contract renewed on 10 July 2026. The previous contract, from July 2025, was AED 50,000; the unit has been rented since April 2020.

How big is unit 112?

656 sqft (60.9 sqm): a one-bedroom apartment on the 1st floor of a 6-storey tower completed in 2020.

What is unit 112 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 112, MAG 515

Starts from the last sale price (AED 512K, 26 November 2019). Switch to today's estimate once you have unlocked it.
Price
AED 511,500
Deposit, UAE resident (20%)
AED 102,300
Deposit, non-resident (40%)
AED 204,600
Monthly over 25 years at 3.7%
AED 2,093

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