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1-bed · 656 sqftMAG 515, Dubai South · 2nd floor · completed 2020

212, MAG 515

Sold prices and rental history: sold once, by the developer in June 2019, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 212 · DLD and Ejari recordsUpdated 10 January 2026
Last soldAED 480K9 June 2019
Current rentAED 52K /yr10 January 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 212, MAG 515

What is 212 worth today?

Last sold for AED 480,000 in 2019

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10 Jan 2026RentedNew contract
AED 52,000/yr12 months · AED 79 per sqft
1 Feb 2024RentedNew contract
AED 41,000/yr12 months · AED 62 per sqft
25 Jan 2022RentedRenewal
AED 28,000/yr12 months · AED 43 per sqft
25 Jan 2021RentedNew contract
AED 26,000/yr12 months · AED 40 per sqft
9 Jun 2019Sold by developerOff-plan
AED 480,000AED 731 per sqft

Source: Dubai Land Department. Updated 10 January 2026.

Key facts

Type
1-bed apartment
Size
656 sqft
Floor
2nd of 6
Parking
G-57
Developer
MAG
Completed
2020
Service charge
AED 11,200 /yr
Last sold
AED 480K · June 2019
Building
MAG 515

About 212, MAG 515

212 is a one-bedroom apartment of 656 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 9 June 2019 for AED 480,000, or AED 731 per sqft, 20% below the AED 916 one-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, signed on 10 January 2026, is AED 52,000 a year: a gross yield of 10.8% on the 2019 price, before the service charge of about AED 11,200 a year.

Sales and rents for 212 over time

Sales
Unit 212, 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, June 2019: AED 480,000 (AED 731 per sqft)

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

Rents
Unit 212, 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, January 2021: AED 26,000 a yearRenewal, January 2022: AED 28,000 a yearNew contract, February 2024: AED 41,000 a yearNew contract, January 2026: 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 212 sits

All 60 1-beds →

212 last sold in June 2019 at AED 731 per sqft, 20% 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. 212'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
2061-bedAED 445K · Jul 2019
207StudioAED 310K · Jul 2017
1–7 of 21

212, MAG 515 in numbers

  • Sold once: by MAG on 9 June 2019 for AED 480,000, or AED 731 per sqft.
  • Rented since January 2021 on 4 Ejari contracts, from AED 26,000 to AED 52,000 a year.
  • At AED 52,000 a year the gross yield on the 2019 price is 10.8%, 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 January 2026.

Questions about 212, MAG 515

What did unit 212 last sell for?

AED 480,000 on 9 June 2019, sold by the developer: AED 731 per sqft for 656 sqft. It is the only registered sale of the unit.

What is the rent for unit 212?

AED 52,000 a year on the contract signed on 10 January 2026. The previous contract, from February 2024, was AED 41,000; the unit has been rented since January 2021.

How big is unit 212?

656 sqft (60.9 sqm): a one-bedroom apartment on the 2nd floor of a 6-storey tower completed in 2020.

What is unit 212 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 212, MAG 515

Starts from the last sale price (AED 480K, 9 June 2019). Switch to today's estimate once you have unlocked it.
Price
AED 480,000
Deposit, UAE resident (20%)
AED 96,000
Deposit, non-resident (40%)
AED 192,000
Monthly over 25 years at 3.7%
AED 1,964

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