Home
Dubai prices
About
Research
1-bed · 483 sqftMAG 515, Dubai South · 3rd floor · completed 2020

306, MAG 515

Sold prices and rental history: sold once, by the developer in March 2018, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 306 · DLD and Ejari recordsUpdated 1 November 2026
Last soldAED 448K8 March 2018
Current rentAED 50K /yr1 November 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 306

Property timeline for 306, MAG 515

What is 306 worth today?

Last sold for AED 447,700 in 2018

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

1 Nov 2026RentedRenewal
AED 50,000/yr12 months · AED 104 per sqft
1 Nov 2025RentedNew contract
AED 50,000/yr12 months · AED 104 per sqft
21 Dec 2023RentedNew contract
AED 40,000/yr12 months · AED 83 per sqft
8 Mar 2018Sold by developerOff-plan
AED 447,700AED 926 per sqft

Source: Dubai Land Department. Updated 1 November 2026.

Key facts

Type
1-bed apartment
Size
483 sqft
Floor
3rd of 6
Parking
G-33
Developer
MAG
Completed
2020
Service charge
AED 8,200 /yr
Last sold
AED 448K · March 2018
Building
MAG 515

About 306, MAG 515

306 is a one-bedroom apartment of 483 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 8 March 2018 for AED 447,700, or AED 926 per sqft, in line with the AED 915 one-beds in the building were fetching at the time.

It has been rented since 2023 on 3 Ejari contracts. The current contract, renewed on 1 November 2026, is AED 50,000 a year: a gross yield of 11.2% on the 2018 price, before the service charge of about AED 8,200 a year.

Sales and rents for 306 over time

Sales
Unit 306, 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, March 2018: AED 447,700 (AED 926 per sqft)

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

Rents
Unit 306, 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, December 2023: AED 40,000 a yearNew contract, November 2025: AED 50,000 a yearRenewal, November 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 306 sits

All 60 1-beds →

306 last sold in March 2018 at AED 926 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. 306'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 3rd floor

All 132 units in MAG 515
Value
3011-bedAED 490K · May 2024
302StudioAED 390K · Jan 2018
303StudioAED 415K · May 2025
3041-bedAED 470K · Sep 2018
3052-bedAED 725K · Feb 2026
307StudioAED 400K · Dec 2024
308StudioAED 270K · Apr 2023
1–7 of 21

306, MAG 515 in numbers

  • Sold once: by MAG on 8 March 2018 for AED 447,700, or AED 926 per sqft.
  • Rented since December 2023 on 3 Ejari contracts, from AED 40,000 to AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2018 price is 11.2%, 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 1 November 2026.

Questions about 306, MAG 515

What did unit 306 last sell for?

AED 447,700 on 8 March 2018, sold by the developer: AED 926 per sqft for 483 sqft. It is the only registered sale of the unit.

What is the rent for unit 306?

AED 50,000 a year on the contract renewed on 1 November 2026. The previous contract, from November 2025, was AED 50,000; the unit has been rented since December 2023.

How big is unit 306?

483 sqft (44.9 sqm): a one-bedroom apartment on the 3rd floor of a 6-storey tower completed in 2020.

What is unit 306 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.

Selling 306? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 306, MAG 515

Starts from the last sale price (AED 448K, 8 March 2018). Switch to today's estimate once you have unlocked it.
Price
AED 447,700
Deposit, UAE resident (20%)
AED 89,540
Deposit, non-resident (40%)
AED 179,080
Monthly over 25 years at 3.7%
AED 1,832

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