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1-bed · 638 sqftMAG 515, Dubai South · 3rd floor · completed 2020

314, MAG 515

Sold prices and rental history: sold once, by the developer in August 2017, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 314 · DLD and Ejari recordsUpdated 5 March 2021
Last soldAED 584K23 August 2017
Current rentAED 23K /yr5 March 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 314, MAG 515

What is 314 worth today?

Last sold for AED 584,000 in 2017

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5 Mar 2021RentedNew contract
AED 23,000/yr12 months · AED 36 per sqft
1 Feb 2020RentedNew contract
AED 25,000/yr12 months · AED 39 per sqft
23 Aug 2017Sold by developerOff-plan
AED 584,000AED 915 per sqft

Source: Dubai Land Department. Updated 5 March 2021.

Key facts

Type
1-bed apartment
Size
638 sqft
Floor
3rd of 6
Parking
G-60
Developer
MAG
Completed
2020
Service charge
AED 10,900 /yr
Last sold
AED 584K · August 2017
Building
MAG 515

About 314, MAG 515

314 is a one-bedroom apartment of 638 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 23 August 2017 for AED 584,000, or AED 915 per sqft, in line with the AED 914 one-beds in the building were fetching at the time.

It has been rented since 2020 on 2 Ejari contracts. The current contract, signed on 5 March 2021, is AED 23,000 a year: a gross yield of 3.9% on the 2017 price, before the service charge of about AED 10,900 a year.

Sales and rents for 314 over time

Sales
Unit 314, each saleTypical one-bed in MAG 515
500K600K2017202020232026Typical 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, August 2017: AED 584,000 (AED 915 per sqft)

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

Rents
Unit 314, 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, February 2020: AED 25,000 a yearNew contract, March 2021: AED 23,000 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 314 sits

All 60 1-beds →

314 last sold in August 2017 at AED 915 per sqft, in line with what one-beds in MAG 515 were fetching at the time (AED 914). 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. 314's AED 23,000 is at the bottom 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

314, MAG 515 in numbers

  • Sold once: by MAG on 23 August 2017 for AED 584,000, or AED 915 per sqft.
  • Rented since February 2020 on 2 Ejari contracts, from AED 25,000 to AED 23,000 a year.
  • At AED 23,000 a year the gross yield on the 2017 price is 3.9%, before a service charge of about AED 10,900 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 5 March 2021.

Questions about 314, MAG 515

What did unit 314 last sell for?

AED 584,000 on 23 August 2017, sold by the developer: AED 915 per sqft for 638 sqft. It is the only registered sale of the unit.

What is the rent for unit 314?

AED 23,000 a year on the contract signed on 5 March 2021. The previous contract, from February 2020, was AED 25,000.

How big is unit 314?

638 sqft (59.3 sqm): a one-bedroom apartment on the 3rd floor of a 6-storey tower completed in 2020.

What is unit 314 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 314, MAG 515

Starts from the last sale price (AED 584K, 23 August 2017). Switch to today's estimate once you have unlocked it.
Price
AED 584,000
Deposit, UAE resident (20%)
AED 116,800
Deposit, non-resident (40%)
AED 233,600
Monthly over 25 years at 3.7%
AED 2,389

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