405, MAG 515
Sold prices and rental history: sold once, by the developer in July 2021, and rented continuously since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 405, MAG 515
What is 405 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 15 August 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 669 sqft
- Floor
- 4th of 6
- Parking
- G-73
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 11,400 /yr
- Last sold
- AED 469K · July 2021
- Building
- MAG 515
About 405, MAG 515
405 is a two-bedroom apartment of 669 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 12 July 2021 for AED 469,388, or AED 701 per sqft.
It has been rented continuously since 2023 on 4 Ejari contracts. The current contract, renewed on 15 August 2025, is AED 54,853 a year: a gross yield of 11.7% on the 2021 price, before the service charge of about AED 11,400 a year.
Sales and rents for 405 over time
405 has sold once; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in MAG 515, and where 405 sits
All 12 2-beds →Over the last 12 months two-beds sold for AED 725,000 to 730,000, around AED 1,090 per sqft, and rent for AED 60,000 to 67,000 a year. 405's AED 54,853 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 20 Jul 202620 July 2026 | 666 sqft | 730,000 | 1,096 | ||
| 26 Feb 202626 February 2026 | 669 sqft | 725,000 | 1,083 | ||
| 29 Jan 202529 January 2025 | 666 sqft | 667,000 | 1,001 | ||
| 24 May 202424 May 2024 | 669 sqft | 600,000 | 896 |
MAG 515
Building132 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%
Other units on the 4th floor
All 132 units in MAG 515| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 628 sqft | AED 595KAED 595,000 · Jul 2024July 2024 | 58,000 /yr | |
| 402 | Studio | 387 sqft | AED 460KAED 460,000 · Jul 2025July 2025 | 42,000 /yr | |
| 403 | Studio | 365 sqft | AED 335KAED 335,000 · Apr 2018April 2018 | 31,000 /yr | |
| 404 | 1-bed | 478 sqft | AED 483KAED 482,600 · Sep 2018September 2018 | 38,500 /yr | |
| 406 | 1-bed | 483 sqft | AED 440KAED 440,000 · May 2019May 2019 | 45,000 /yr | |
| 407 | Studio | 387 sqft | AED 355KAED 355,000 · Oct 2017October 2017 | ||
| 408 | Studio | 347 sqft | AED 320KAED 320,000 · Aug 2017August 2017 | 26,000 /yr | |
| 409 | 1-bed | 478 sqft | AED 515KAED 515,000 · Jan 2025January 2025 | 37,500 /yr | |
| 410 | 2-bed | 666 sqft | AED 550KAED 550,000 · Apr 2019April 2019 | 60,000 /yr | |
| 411 | 1-bed | 483 sqft | AED 400KAED 400,000 · Jul 2017July 2017 | 50,000 /yr | |
| 412 | 1-bed | 656 sqft | AED 580KAED 580,000 · Sep 2017September 2017 | 44,000 /yr | |
| 413 | 1-bed | 622 sqft | AED 540KAED 540,000 · Dec 2017December 2017 | 38,600 /yr | |
| 414 | 1-bed | 638 sqft | AED 450KAED 450,000 · Sep 2023September 2023 | 37,000 /yr | |
| 415 | Studio | 410 sqft | AED 373KAED 373,000 · Feb 2018February 2018 | 42,000 /yr | |
| 416 | Studio | 410 sqft | AED 375KAED 375,000 · Dec 2017December 2017 | 36,000 /yr | |
| 417 | Studio | 437 sqft | AED 395KAED 395,000 · Feb 2018February 2018 | 38,000 /yr | |
| 418 | Studio | 437 sqft | AED 525KAED 525,000 · Aug 2025August 2025 | 40,000 /yr | |
| 419 | 1-bed | 514 sqft | AED 550KAED 550,000 · Aug 2024August 2024 | 33,000 /yr | |
| 420 | 1-bed | 514 sqft | AED 440KAED 440,000 · Oct 2017October 2017 | 50,000 /yr | |
| 421 | Studio | 360 sqft | AED 399KAED 399,000 · Jul 2024July 2024 | 43,200 /yr | |
| 422 | Studio | 360 sqft | AED 365KAED 365,000 · Aug 2017August 2017 | 35,903 /yr |
405, MAG 515 in numbers
- Sold once: by MAG on 12 July 2021 for AED 469,388, or AED 701 per sqft.
- Rented since August 2023 on 4 Ejari contracts, from AED 55,000 to AED 54,853 a year.
- At AED 54,853 a year the gross yield on the 2021 price is 11.7%, before a service charge of about AED 11,400 a year (AED 17.07 per sqft).
- Two-beds in MAG 515 sold for AED 725,000–730,000 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 15 August 2025.
Questions about 405, MAG 515
What did unit 405 last sell for?
AED 469,388 on 12 July 2021, sold by the developer: AED 701 per sqft for 669 sqft. It is the only registered sale of the unit.
What is the rent for unit 405?
AED 54,853 a year on the contract renewed on 15 August 2025. The previous contract, from August 2025, was AED 54,853; the unit has been rented since August 2023.
How big is unit 405?
669 sqft (62.2 sqm): a two-bedroom apartment on the 4th floor of a 6-storey tower completed in 2020.
What is unit 405 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in MAG 515 sold for AED 725,000 to 730,000 in the last 12 months, around AED 1,090 per sqft.
Selling 405? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 405, MAG 515
Starts from the last sale price (AED 469K, 12 July 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 469,388
- Deposit, UAE resident (20%)
- AED 93,878
- Deposit, non-resident (40%)
- AED 187,755
- Monthly over 25 years at 3.7%
- AED 1,920
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →