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1-bed · 638 sqftMAG 515, Dubai South · 1st floor · completed 2020

114, MAG 515

Sold prices and rental history: sold once, by the developer in October 2022, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 114 · DLD and Ejari recordsUpdated 18 June 2026
Last soldAED 435K10 October 2022
Current rentAED 44K /yr18 June 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 114, MAG 515

What is 114 worth today?

Last sold for AED 435,000 in 2022

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18 Jun 2026RentedRenewal
AED 44,000/yr12 months · AED 69 per sqft
18 Jun 2024RentedNew contract
AED 44,000/yr12 months · AED 69 per sqft
10 Oct 2022Sold by developerReady
AED 435,000AED 682 per sqft
5 Apr 2021RentedNew contract
AED 25,000/yr12 months · AED 39 per sqft

Source: Dubai Land Department. Updated 18 June 2026.

Key facts

Type
1-bed apartment
Size
638 sqft
Floor
1st of 6
Parking
G-14
Developer
MAG
Completed
2020
Service charge
AED 10,900 /yr
Last sold
AED 435K · October 2022
Building
MAG 515

About 114, MAG 515

114 is a one-bedroom apartment of 638 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 10 October 2022 for AED 435,000, or AED 682 per sqft, in line with the AED 682 one-beds in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, renewed on 18 June 2026, is AED 44,000 a year: a gross yield of 10.1% on the 2022 price, before the service charge of about AED 10,900 a year.

Sales and rents for 114 over time

Sales
Unit 114, 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, October 2022: AED 435,000 (AED 682 per sqft)

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

Rents
Unit 114, 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, April 2021: AED 25,000 a yearNew contract, June 2024: AED 44,000 a yearRenewal, June 2026: AED 44,000 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 114 sits

All 60 1-beds →

114 last sold in October 2022 at AED 682 per sqft, in line with what one-beds in MAG 515 were fetching at the time (AED 682). 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. 114's AED 44,000 is in the lower 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

114, MAG 515 in numbers

  • Sold once: by MAG on 10 October 2022 for AED 435,000, or AED 682 per sqft.
  • Rented since April 2021 on 3 Ejari contracts, from AED 25,000 to AED 44,000 a year.
  • At AED 44,000 a year the gross yield on the 2022 price is 10.1%, before a service charge of about AED 10,900 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 18 June 2026.

Questions about 114, MAG 515

What did unit 114 last sell for?

AED 435,000 on 10 October 2022, sold by the developer: AED 682 per sqft for 638 sqft. It is the only registered sale of the unit.

What is the rent for unit 114?

AED 44,000 a year on the contract renewed on 18 June 2026. The previous contract, from June 2024, was AED 44,000; the unit has been rented since April 2021.

How big is unit 114?

638 sqft (59.3 sqm): a one-bedroom apartment on the 1st floor of a 6-storey tower completed in 2020.

What is unit 114 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 114, MAG 515

Starts from the last sale price (AED 435K, 10 October 2022). Switch to today's estimate once you have unlocked it.
Price
AED 435,000
Deposit, UAE resident (20%)
AED 87,000
Deposit, non-resident (40%)
AED 174,000
Monthly over 25 years at 3.7%
AED 1,780

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