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1-bed · 656 sqftMAG 515, Dubai South · 3rd floor · completed 2020

312, MAG 515

Sold prices and rental history: sold once, by the developer in September 2018, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 312 · DLD and Ejari recordsUpdated 23 September 2025
Last soldAED 555K16 September 2018
Current rentAED 41K /yr23 September 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 312, MAG 515

What is 312 worth today?

Last sold for AED 555,000 in 2018

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23 Sep 2025RentedRenewal
AED 41,000/yr12 months · AED 62 per sqft
23 Sep 2024RentedRenewal
AED 36,000/yr12 months · AED 55 per sqft
23 Sep 2023RentedRenewal
AED 32,000/yr12 months · AED 49 per sqft
23 Sep 2022RentedNew contract
AED 29,000/yr12 months · AED 44 per sqft
10 Sep 2021RentedNew contract
AED 25,000/yr12 months · AED 38 per sqft
1 Jun 2021RentedRenewal
AED 25,000/yr12 months · AED 38 per sqft
1 Jun 2020RentedNew contract
AED 25,000/yr12 months · AED 38 per sqft
16 Sep 2018Sold by developerOff-plan
AED 555,000AED 845 per sqft

Source: Dubai Land Department. Updated 23 September 2025.

Key facts

Type
1-bed apartment
Size
656 sqft
Floor
3rd of 6
Parking
G-58
Developer
MAG
Completed
2020
Service charge
AED 11,200 /yr
Last sold
AED 555K · September 2018
Building
MAG 515

About 312, MAG 515

312 is a one-bedroom apartment of 656 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 16 September 2018 for AED 555,000, or AED 845 per sqft, 8% below the AED 921 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 23 September 2025, is AED 41,000 a year: a gross yield of 7.4% on the 2018 price, before the service charge of about AED 11,200 a year.

Sales and rents for 312 over time

Sales
Unit 312, 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 555,000 (AED 845 per sqft)

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

Rents
Unit 312, 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, June 2020: AED 25,000 a yearRenewal, June 2021: AED 25,000 a yearNew contract, September 2021: AED 25,000 a yearNew contract, September 2022: AED 29,000 a yearRenewal, September 2023: AED 32,000 a yearRenewal, September 2024: AED 36,000 a yearRenewal, September 2025: AED 41,000 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 312 sits

All 60 1-beds →

312 last sold in September 2018 at AED 845 per sqft, 8% below 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. 312's AED 41,000 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 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
3061-bedAED 448K · Mar 2018
307StudioAED 400K · Dec 2024
1–7 of 21

312, MAG 515 in numbers

  • Sold once: by MAG on 16 September 2018 for AED 555,000, or AED 845 per sqft.
  • Rented since June 2020 on 7 Ejari contracts, from AED 25,000 to AED 41,000 a year.
  • At AED 41,000 a year the gross yield on the 2018 price is 7.4%, 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 23 September 2025.

Questions about 312, MAG 515

What did unit 312 last sell for?

AED 555,000 on 16 September 2018, sold by the developer: AED 845 per sqft for 656 sqft. It is the only registered sale of the unit.

What is the rent for unit 312?

AED 41,000 a year on the contract renewed on 23 September 2025. The previous contract, from September 2024, was AED 36,000; the unit has been rented since June 2020.

How big is unit 312?

656 sqft (60.9 sqm): a one-bedroom apartment on the 3rd floor of a 6-storey tower completed in 2020.

What is unit 312 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 312, MAG 515

Starts from the last sale price (AED 555K, 16 September 2018). Switch to today's estimate once you have unlocked it.
Price
AED 555,000
Deposit, UAE resident (20%)
AED 111,000
Deposit, non-resident (40%)
AED 222,000
Monthly over 25 years at 3.7%
AED 2,271

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