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1-bed · 514 sqftMAG 515, Dubai South · 1st floor · completed 2020

120, MAG 515

Sold prices and rental history: sold once, by the developer in October 2017, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 120 · DLD and Ejari recordsUpdated 8 March 2026
Last soldAED 474K24 October 2017
Current rentAED 50K /yr8 March 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 120, MAG 515

What is 120 worth today?

Last sold for AED 474,000 in 2017

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8 Mar 2026RentedRenewal
AED 50,000/yr12 months · AED 97 per sqft
8 Mar 2025RentedNew contract
AED 50,000/yr12 months · AED 97 per sqft
24 Feb 2024RentedNew contract
AED 47,858/yr12 months · AED 93 per sqft
24 Oct 2017Sold by developerOff-plan
AED 474,000AED 922 per sqft

Source: Dubai Land Department. Updated 8 March 2026.

Key facts

Type
1-bed apartment
Size
514 sqft
Floor
1st of 6
Parking
G-20
Developer
MAG
Completed
2020
Service charge
AED 8,800 /yr
Last sold
AED 474K · October 2017
Building
MAG 515

About 120, MAG 515

120 is a one-bedroom apartment of 514 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 24 October 2017 for AED 474,000, or AED 922 per sqft, in line with the AED 915 one-beds in the building were fetching at the time.

It has been rented since 2024 on 3 Ejari contracts. The current contract, renewed on 8 March 2026, is AED 50,000 a year: a gross yield of 10.5% on the 2017 price, before the service charge of about AED 8,800 a year.

Sales and rents for 120 over time

Sales
Unit 120, 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 2017: AED 474,000 (AED 922 per sqft)

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

Rents
Unit 120, 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, February 2024: AED 47,858 a yearNew contract, March 2025: AED 50,000 a yearRenewal, March 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 120 sits

All 60 1-beds →

120 last sold in October 2017 at AED 922 per sqft, in line with what one-beds in MAG 515 were fetching at the time (AED 915). 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. 120'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

120, MAG 515 in numbers

  • Sold once: by MAG on 24 October 2017 for AED 474,000, or AED 922 per sqft.
  • Rented since February 2024 on 3 Ejari contracts, from AED 47,858 to AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2017 price is 10.5%, before a service charge of about AED 8,800 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 8 March 2026.

Questions about 120, MAG 515

What did unit 120 last sell for?

AED 474,000 on 24 October 2017, sold by the developer: AED 922 per sqft for 514 sqft. It is the only registered sale of the unit.

What is the rent for unit 120?

AED 50,000 a year on the contract renewed on 8 March 2026. The previous contract, from March 2025, was AED 50,000; the unit has been rented since February 2024.

How big is unit 120?

514 sqft (47.8 sqm): a one-bedroom apartment on the 1st floor of a 6-storey tower completed in 2020.

What is unit 120 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 120, MAG 515

Starts from the last sale price (AED 474K, 24 October 2017). Switch to today's estimate once you have unlocked it.
Price
AED 474,000
Deposit, UAE resident (20%)
AED 94,800
Deposit, non-resident (40%)
AED 189,600
Monthly over 25 years at 3.7%
AED 1,939

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