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1-bed · 478 sqftMAG 515, Dubai South · 4th floor · completed 2020

404, MAG 515

Sold prices and rental history: sold once, by the developer in September 2018, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 404 · DLD and Ejari recordsUpdated 1 November 2025
Last soldAED 483K10 September 2018
Current rentAED 39K /yr1 November 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 404, MAG 515

What is 404 worth today?

Last sold for AED 482,600 in 2018

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1 Nov 2025RentedRenewal
AED 38,500/yr12 months · AED 81 per sqft
1 Nov 2024RentedNew contract
AED 35,000/yr12 months · AED 73 per sqft
2 Nov 2023RentedRenewal
AED 30,000/yr12 months · AED 63 per sqft
2 Nov 2022RentedRenewal
AED 24,500/yr12 months · AED 52 per sqft
2 Nov 2021RentedNew contract
AED 23,000/yr12 months · AED 49 per sqft
5 Mar 2021RentedNew contract
AED 24,000/yr12 months · AED 51 per sqft
10 Sep 2018Sold by developerOff-plan
AED 482,600AED 1,009 per sqft

Source: Dubai Land Department. Updated 1 November 2025.

Key facts

Type
1-bed apartment
Size
478 sqft
Floor
4th of 6
Parking
G-72
Developer
MAG
Completed
2020
Service charge
AED 8,200 /yr
Last sold
AED 483K · September 2018
Building
MAG 515

About 404, MAG 515

404 is a one-bedroom apartment of 478 sqft on the 4th floor of MAG 515, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 10 September 2018 for AED 482,600, or AED 1,009 per sqft, 9% above the AED 922 one-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 6 Ejari contracts. The current contract, renewed on 1 November 2025, is AED 38,500 a year: a gross yield of 8.0% on the 2018 price, before the service charge of about AED 8,200 a year.

Sales and rents for 404 over time

Sales
Unit 404, 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 482,600 (AED 1,009 per sqft)

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

Rents
Unit 404, 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, March 2021: AED 24,000 a yearNew contract, November 2021: AED 23,000 a yearRenewal, November 2022: AED 24,500 a yearRenewal, November 2023: AED 30,000 a yearNew contract, November 2024: AED 35,000 a yearRenewal, November 2025: AED 38,500 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 404 sits

All 60 1-beds →

404 last sold in September 2018 at AED 1,009 per sqft, 9% above what one-beds in MAG 515 were fetching at the time (AED 922). 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. 404's AED 38,500 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 4th floor

All 132 units in MAG 515
Value
4011-bedAED 595K · Jul 2024
402StudioAED 460K · Jul 2025
403StudioAED 335K · Apr 2018
4052-bedAED 469K · Jul 2021
4061-bedAED 440K · May 2019
407StudioAED 355K · Oct 2017
408StudioAED 320K · Aug 2017
1–7 of 21

404, MAG 515 in numbers

  • Sold once: by MAG on 10 September 2018 for AED 482,600, or AED 1,009 per sqft.
  • Rented since March 2021 on 6 Ejari contracts, from AED 24,000 to AED 38,500 a year.
  • At AED 38,500 a year the gross yield on the 2018 price is 8.0%, 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 2025.

Questions about 404, MAG 515

What did unit 404 last sell for?

AED 482,600 on 10 September 2018, sold by the developer: AED 1,009 per sqft for 478 sqft. It is the only registered sale of the unit.

What is the rent for unit 404?

AED 38,500 a year on the contract renewed on 1 November 2025. The previous contract, from November 2024, was AED 35,000; the unit has been rented since March 2021.

How big is unit 404?

478 sqft (44.4 sqm): a one-bedroom apartment on the 4th floor of a 6-storey tower completed in 2020.

What is unit 404 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 404, MAG 515

Starts from the last sale price (AED 483K, 10 September 2018). Switch to today's estimate once you have unlocked it.
Price
AED 482,600
Deposit, UAE resident (20%)
AED 96,520
Deposit, non-resident (40%)
AED 193,040
Monthly over 25 years at 3.7%
AED 1,974

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