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1-bed · 514 sqftMAG 515, Dubai South · 2nd floor · completed 2020

220, MAG 515

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

Unit 220 · DLD and Ejari recordsUpdated 7 April 2026
Last soldAED 500K23 April 2019
Current rentAED 47K /yr7 April 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 220, MAG 515

What is 220 worth today?

Last sold for AED 500,000 in 2019

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7 Apr 2026RentedRenewal
AED 47,000/yr12 months · AED 91 per sqft
7 Apr 2025RentedRenewal
AED 34,000/yr12 months · AED 66 per sqft
7 Apr 2024RentedNew contract
AED 31,000/yr12 months · AED 60 per sqft
7 Apr 2023RentedNew contract
AED 31,000/yr12 months · AED 60 per sqft
1 Apr 2022RentedRenewal
AED 27,000/yr12 months · AED 52 per sqft
1 Apr 2021RentedRenewal
AED 27,000/yr12 months · AED 52 per sqft
1 Apr 2020RentedNew contract
AED 27,000/yr12 months · AED 52 per sqft
23 Apr 2019Sold by developerOff-plan
AED 500,000AED 973 per sqft

Source: Dubai Land Department. Updated 7 April 2026.

Key facts

Type
1-bed apartment
Size
514 sqft
Floor
2nd of 6
Parking
G-124
Developer
MAG
Completed
2020
Service charge
AED 8,800 /yr
Last sold
AED 500K · April 2019
Building
MAG 515

About 220, MAG 515

220 is a one-bedroom apartment of 514 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 23 April 2019 for AED 500,000, or AED 973 per sqft, 5% above the AED 928 one-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 7 Ejari contracts. The current contract, renewed on 7 April 2026, is AED 47,000 a year: a gross yield of 9.4% on the 2019 price, before the service charge of about AED 8,800 a year.

Sales and rents for 220 over time

Sales
Unit 220, 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, April 2019: AED 500,000 (AED 973 per sqft)

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

Rents
Unit 220, 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 2020: AED 27,000 a yearRenewal, April 2021: AED 27,000 a yearRenewal, April 2022: AED 27,000 a yearNew contract, April 2023: AED 31,000 a yearNew contract, April 2024: AED 31,000 a yearRenewal, April 2025: AED 34,000 a yearRenewal, April 2026: AED 47,000 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 220 sits

All 60 1-beds →

220 last sold in April 2019 at AED 973 per sqft, 5% above what one-beds in MAG 515 were fetching at the time (AED 928). 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. 220's AED 47,000 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 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

220, MAG 515 in numbers

  • Sold once: by MAG on 23 April 2019 for AED 500,000, or AED 973 per sqft.
  • Rented since April 2020 on 7 Ejari contracts, from AED 27,000 to AED 47,000 a year.
  • At AED 47,000 a year the gross yield on the 2019 price is 9.4%, 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 7 April 2026.

Questions about 220, MAG 515

What did unit 220 last sell for?

AED 500,000 on 23 April 2019, sold by the developer: AED 973 per sqft for 514 sqft. It is the only registered sale of the unit.

What is the rent for unit 220?

AED 47,000 a year on the contract renewed on 7 April 2026. The previous contract, from April 2025, was AED 34,000; the unit has been rented since April 2020.

How big is unit 220?

514 sqft (47.8 sqm): a one-bedroom apartment on the 2nd floor of a 6-storey tower completed in 2020.

What is unit 220 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 220, MAG 515

Starts from the last sale price (AED 500K, 23 April 2019). Switch to today's estimate once you have unlocked it.
Price
AED 500,000
Deposit, UAE resident (20%)
AED 100,000
Deposit, non-resident (40%)
AED 200,000
Monthly over 25 years at 3.7%
AED 2,046

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