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1-bed · 514 sqftMAG 515, Dubai South · 3rd floor · completed 2020

319, MAG 515

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

Unit 319 · DLD and Ejari recordsUpdated 1 May 2026
Last soldAED 500K23 July 2019
Current rentAED 47K /yr1 May 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 319, MAG 515

What is 319 worth today?

Last sold for AED 500,000 in 2019

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1 May 2026RentedNew contract
AED 47,000/yr12 months · AED 91 per sqft
21 Mar 2025RentedNew contract
AED 45,000/yr12 months · AED 87 per sqft
14 Jan 2024RentedNew contract
AED 41,000/yr12 months · AED 80 per sqft
14 Dec 2022RentedNew contract
AED 32,000/yr12 months · AED 62 per sqft
1 Dec 2021RentedNew contract
AED 25,000/yr12 months · AED 49 per sqft
15 Jun 2020RentedNew contract
AED 25,000/yr12 months · AED 49 per sqft
23 Jul 2019Sold by developerOff-plan
AED 500,000AED 973 per sqft

Source: Dubai Land Department. Updated 1 May 2026.

Key facts

Type
1-bed apartment
Size
514 sqft
Floor
3rd of 6
Parking
G-65
Developer
MAG
Completed
2020
Service charge
AED 8,800 /yr
Last sold
AED 500K · July 2019
Building
MAG 515

About 319, MAG 515

319 is a one-bedroom apartment of 514 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 July 2019 for AED 500,000, or AED 973 per sqft, 6% above the AED 921 one-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 6 Ejari contracts. The current contract, signed on 1 May 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 319 over time

Sales
Unit 319, 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, July 2019: AED 500,000 (AED 973 per sqft)

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

Rents
Unit 319, 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 yearNew contract, December 2021: AED 25,000 a yearNew contract, December 2022: AED 32,000 a yearNew contract, January 2024: AED 41,000 a yearNew contract, March 2025: AED 45,000 a yearNew contract, May 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 319 sits

All 60 1-beds →

319 last sold in July 2019 at AED 973 per sqft, 6% above 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. 319'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 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

319, MAG 515 in numbers

  • Sold once: by MAG on 23 July 2019 for AED 500,000, or AED 973 per sqft.
  • Rented since June 2020 on 6 Ejari contracts, from AED 25,000 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 1 May 2026.

Questions about 319, MAG 515

What did unit 319 last sell for?

AED 500,000 on 23 July 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 319?

AED 47,000 a year on the contract signed on 1 May 2026. The previous contract, from March 2025, was AED 45,000; the unit has been rented since June 2020.

How big is unit 319?

514 sqft (47.8 sqm): a one-bedroom apartment on the 3rd floor of a 6-storey tower completed in 2020.

What is unit 319 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 319, MAG 515

Starts from the last sale price (AED 500K, 23 July 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 →