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1-bed · 628 sqftMAG 515, Dubai South · 4th floor · completed 2020

401, MAG 515

Sold prices and rental history: sold twice, last in July 2024, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 401 · DLD and Ejari recordsUpdated 1 September 2025
Last soldAED 595K9 July 2024
Current rentAED 58K /yr1 September 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 401, MAG 515

What is 401 worth today?

Last sold for AED 595,000 in 2024

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1 Sep 2025RentedNew contract
AED 58,000/yr12 months · AED 92 per sqft
1 Aug 2024RentedNew contract
AED 50,000/yr12 months · AED 80 per sqft
9 Jul 2024SoldReady
AED 595,000AED 947 per sqft
1 Aug 2023RentedNew contract
AED 39,000/yr12 months · AED 62 per sqft
16 Sep 2022RentedNew contract
AED 34,000/yr12 months · AED 54 per sqft
19 Oct 2017Sold by developerOff-plan
AED 520,000AED 827 per sqft

Source: Dubai Land Department. Updated 1 September 2025.

Key facts

Type
1-bed apartment
Size
628 sqft
Floor
4th of 6
Parking
G-69
Developer
MAG
Completed
2020
Service charge
AED 10,700 /yr
Last sold
AED 595K · July 2024
Building
MAG 515

About 401, MAG 515

401 is a one-bedroom apartment of 628 sqft on the 4th floor of MAG 515, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 9 July 2024 for AED 595,000, or AED 947 per sqft, 22% above the AED 779 one-beds in the building were fetching at the time.

It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, signed on 1 September 2025, is AED 58,000 a year: a gross yield of 9.8% on the 2024 price, before the service charge of about AED 10,700 a year.

Sales and rents for 401 over time

Sales
Unit 401, 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, October 2017: AED 520,000 (AED 827 per sqft)Sold, July 2024: AED 595,000 (AED 947 per sqft)

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

Rents
Unit 401, each contractTypical one-bed in MAG 515
20K40K60K2020202220242026Typical 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, September 2022: AED 34,000 a yearNew contract, August 2023: AED 39,000 a yearNew contract, August 2024: AED 50,000 a yearNew contract, September 2025: AED 58,000 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 401 sits

All 60 1-beds →

401 last sold in July 2024 at AED 947 per sqft, 22% above what one-beds in MAG 515 were fetching at the time (AED 779). 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. 401's AED 58,000 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 4th floor

All 132 units in MAG 515
Value
402StudioAED 460K · Jul 2025
403StudioAED 335K · Apr 2018
4041-bedAED 483K · Sep 2018
4052-bedAED 469K · Jul 2021
4061-bedAED 440K · May 2019
407StudioAED 355K · Oct 2017
408StudioAED 320K · Aug 2017
1–7 of 21

401, MAG 515 in numbers

  • Sold twice: first on 19 October 2017 for AED 520,000, last on 9 July 2024 for AED 595,000 (AED 947 per sqft).
  • Rented since September 2022 on 4 Ejari contracts, from AED 34,000 to AED 58,000 a year.
  • At AED 58,000 a year the gross yield on the 2024 price is 9.8%, before a service charge of about AED 10,700 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 September 2025.

Questions about 401, MAG 515

What did unit 401 last sell for?

AED 595,000 on 9 July 2024: AED 947 per sqft for 628 sqft. The unit has 2 registered sales; the first was AED 520,000 in October 2017.

What is the rent for unit 401?

AED 58,000 a year on the contract signed on 1 September 2025. The previous contract, from August 2024, was AED 50,000; the unit has been rented since September 2022.

How big is unit 401?

628 sqft (58.3 sqm): a one-bedroom apartment on the 4th floor of a 6-storey tower completed in 2020.

What is unit 401 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 401, MAG 515

Starts from the last sale price (AED 595K, 9 July 2024). Switch to today's estimate once you have unlocked it.
Price
AED 595,000
Deposit, UAE resident (20%)
AED 119,000
Deposit, non-resident (40%)
AED 238,000
Monthly over 25 years at 3.7%
AED 2,434

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