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1-bed · 478 sqftMAG 515, Dubai South · 3rd floor · completed 2020

304, MAG 515

Sold prices and rental history: sold once, by the developer in September 2018, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 304 · DLD and Ejari recordsUpdated 4 July 2026
Last soldAED 470K10 September 2018
Current rentAED 40K /yr4 July 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 304, MAG 515

What is 304 worth today?

Last sold for AED 470,250 in 2018

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4 Jul 2026RentedRenewal
AED 39,893/yr12 months · AED 83 per sqft
4 Jul 2025RentedNew contract
AED 37,000/yr12 months · AED 77 per sqft
5 Jul 2024RentedRenewal
AED 33,500/yr12 months · AED 71 per sqft
5 Jul 2023RentedRenewal
AED 29,000/yr12 months · AED 61 per sqft
5 Jul 2022RentedNew contract
AED 26,000/yr12 months · AED 55 per sqft
1 Apr 2021RentedNew contract
AED 24,000/yr12 months · AED 51 per sqft
10 Sep 2018Sold by developerOff-plan
AED 470,250AED 983 per sqft

Source: Dubai Land Department. Updated 4 July 2026.

Key facts

Type
1-bed apartment
Size
478 sqft
Floor
3rd of 6
Parking
G-50
Developer
MAG
Completed
2020
Service charge
AED 8,200 /yr
Last sold
AED 470K · September 2018
Building
MAG 515

About 304, MAG 515

304 is a one-bedroom apartment of 478 sqft on the 3rd floor of MAG 515, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 10 September 2018 for AED 470,250, or AED 983 per sqft, 7% above the AED 922 one-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 6 Ejari contracts. The current contract, renewed on 4 July 2026, is AED 39,893 a year: a gross yield of 8.5% on the 2018 price, before the service charge of about AED 8,200 a year.

Sales and rents for 304 over time

Sales
Unit 304, 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, September 2018: AED 470,250 (AED 983 per sqft)

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

Rents
Unit 304, 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, April 2021: AED 24,000 a yearNew contract, July 2022: AED 26,000 a yearRenewal, July 2023: AED 29,000 a yearRenewal, July 2024: AED 33,500 a yearNew contract, July 2025: AED 37,000 a yearRenewal, July 2026: AED 39,893 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 304 sits

All 60 1-beds →

304 last sold in September 2018 at AED 983 per sqft, 7% above what one-beds in MAG 515 were fetching at the time (AED 922). 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. 304's AED 39,893 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 3rd floor

All 132 units in MAG 515
Value
3011-bedAED 490K · May 2024
302StudioAED 390K · Jan 2018
303StudioAED 415K · May 2025
3052-bedAED 725K · Feb 2026
3061-bedAED 448K · Mar 2018
307StudioAED 400K · Dec 2024
308StudioAED 270K · Apr 2023
1–7 of 21

304, MAG 515 in numbers

  • Sold once: by MAG on 10 September 2018 for AED 470,250, or AED 983 per sqft.
  • Rented since April 2021 on 6 Ejari contracts, from AED 24,000 to AED 39,893 a year.
  • At AED 39,893 a year the gross yield on the 2018 price is 8.5%, 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 4 July 2026.

Questions about 304, MAG 515

What did unit 304 last sell for?

AED 470,250 on 10 September 2018, sold by the developer: AED 983 per sqft for 478 sqft. It is the only registered sale of the unit.

What is the rent for unit 304?

AED 39,893 a year on the contract renewed on 4 July 2026. The previous contract, from July 2025, was AED 37,000; the unit has been rented since April 2021.

How big is unit 304?

478 sqft (44.4 sqm): a one-bedroom apartment on the 3rd floor of a 6-storey tower completed in 2020.

What is unit 304 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 304, MAG 515

Starts from the last sale price (AED 470K, 10 September 2018). Switch to today's estimate once you have unlocked it.
Price
AED 470,250
Deposit, UAE resident (20%)
AED 94,050
Deposit, non-resident (40%)
AED 188,100
Monthly over 25 years at 3.7%
AED 1,924

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