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1-bed · 483 sqftMAG 515, Dubai South · 2nd floor · completed 2020

206, MAG 515

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

Unit 206 · DLD and Ejari recordsUpdated 5 November 2025
Last soldAED 445K30 July 2019
Current rentAED 52K /yr5 November 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 206, MAG 515

What is 206 worth today?

Last sold for AED 445,000 in 2019

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5 Nov 2025RentedNew contract
AED 52,000/yr12 months · AED 107 per sqft
25 Oct 2024RentedNew contract
AED 49,000/yr12 months · AED 101 per sqft
1 Oct 2023RentedNew contract
AED 25,400/yr12 months · AED 53 per sqft
1 Oct 2020RentedNew contract
AED 22,000/yr12 months · AED 45 per sqft
30 Jul 2019Sold by developerOff-plan
AED 445,000AED 921 per sqft

Source: Dubai Land Department. Updated 5 November 2025.

Key facts

Type
1-bed apartment
Size
483 sqft
Floor
2nd of 6
Parking
G-31
Developer
MAG
Completed
2020
Service charge
AED 8,200 /yr
Last sold
AED 445K · July 2019
Building
MAG 515

About 206, MAG 515

206 is a one-bedroom apartment of 483 sqft on the 2nd floor of MAG 515, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 30 July 2019 for AED 445,000, or AED 921 per sqft, in line with the AED 921 one-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, signed on 5 November 2025, is AED 52,000 a year: a gross yield of 11.7% on the 2019 price, before the service charge of about AED 8,200 a year.

Sales and rents for 206 over time

Sales
Unit 206, 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 2019: AED 445,000 (AED 921 per sqft)

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

Rents
Unit 206, 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, October 2020: AED 22,000 a yearNew contract, October 2023: AED 25,400 a yearNew contract, October 2024: AED 49,000 a yearNew contract, November 2025: AED 52,000 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 206 sits

All 60 1-beds →

206 last sold in July 2019 at AED 921 per sqft, in line with what one-beds in MAG 515 were fetching at the time (AED 921). 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. 206's AED 52,000 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 2nd floor

All 132 units in MAG 515
Value
2011-bedAED 450K · Dec 2023
202StudioAED 355K · Jul 2018
203StudioAED 275K · Mar 2023
2041-bedAED 450K · Sep 2019
2052-bedAED 446K · Apr 2021
207StudioAED 310K · Jul 2017
208StudioAED 348K · Sep 2017
1–7 of 21

206, MAG 515 in numbers

  • Sold once: by MAG on 30 July 2019 for AED 445,000, or AED 921 per sqft.
  • Rented since October 2020 on 4 Ejari contracts, from AED 22,000 to AED 52,000 a year.
  • At AED 52,000 a year the gross yield on the 2019 price is 11.7%, 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 5 November 2025.

Questions about 206, MAG 515

What did unit 206 last sell for?

AED 445,000 on 30 July 2019, sold by the developer: AED 921 per sqft for 483 sqft. It is the only registered sale of the unit.

What is the rent for unit 206?

AED 52,000 a year on the contract signed on 5 November 2025. The previous contract, from October 2024, was AED 49,000; the unit has been rented since October 2020.

How big is unit 206?

483 sqft (44.9 sqm): a one-bedroom apartment on the 2nd floor of a 6-storey tower completed in 2020.

What is unit 206 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 206, MAG 515

Starts from the last sale price (AED 445K, 30 July 2019). Switch to today's estimate once you have unlocked it.
Price
AED 445,000
Deposit, UAE resident (20%)
AED 89,000
Deposit, non-resident (40%)
AED 178,000
Monthly over 25 years at 3.7%
AED 1,821

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