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1-bed · 483 sqftMAG 515, Dubai South · 4th floor · completed 2020

406, MAG 515

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

Unit 406 · DLD and Ejari recordsUpdated 1 August 2026
Last soldAED 440K5 May 2019
Current rentAED 45K /yr1 August 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 406, MAG 515

What is 406 worth today?

Last sold for AED 440,000 in 2019

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1 Aug 2026RentedNew contract
AED 45,000/yr12 months · AED 93 per sqft
16 Jan 2025RentedRenewal
AED 40,000/yr12 months · AED 83 per sqft
16 Jan 2024RentedRenewal
AED 28,000/yr12 months · AED 58 per sqft
16 Jan 2023RentedRenewal
AED 24,000/yr12 months · AED 50 per sqft
16 Jan 2022RentedRenewal
AED 24,000/yr12 months · AED 50 per sqft
2 Sep 2021RentedRenewal
AED 56,609/yr4 months · AED 117 per sqft
25 Aug 2020RentedNew contract
AED 21,000/yr12 months · AED 43 per sqft
5 May 2019Sold by developerOff-plan
AED 440,000AED 911 per sqft

Source: Dubai Land Department. Updated 1 August 2026.

Key facts

Type
1-bed apartment
Size
483 sqft
Floor
4th of 6
Parking
G-35
Developer
MAG
Completed
2020
Service charge
AED 8,200 /yr
Last sold
AED 440K · May 2019
Building
MAG 515

About 406, MAG 515

406 is a one-bedroom apartment of 483 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 5 May 2019 for AED 440,000, or AED 911 per sqft, in line with the AED 921 one-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 7 Ejari contracts. The current contract, signed on 1 August 2026, is AED 45,000 a year: a gross yield of 10.2% on the 2019 price, before the service charge of about AED 8,200 a year.

Sales and rents for 406 over time

Sales
Unit 406, 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, May 2019: AED 440,000 (AED 911 per sqft)

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

Rents
Unit 406, 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, August 2020: AED 21,000 a yearRenewal, September 2021: AED 56,609 a yearRenewal, January 2022: AED 24,000 a yearRenewal, January 2023: AED 24,000 a yearRenewal, January 2024: AED 28,000 a yearRenewal, January 2025: AED 40,000 a yearNew contract, August 2026: AED 45,000 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 406 sits

All 60 1-beds →

406 last sold in May 2019 at AED 911 per sqft, in line with 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. 406's AED 45,000 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 4th floor

All 132 units in MAG 515
Value
4011-bedAED 595K · Jul 2024
402StudioAED 460K · Jul 2025
403StudioAED 335K · Apr 2018
4041-bedAED 483K · Sep 2018
4052-bedAED 469K · Jul 2021
407StudioAED 355K · Oct 2017
408StudioAED 320K · Aug 2017
1–7 of 21

406, MAG 515 in numbers

  • Sold once: by MAG on 5 May 2019 for AED 440,000, or AED 911 per sqft.
  • Rented since August 2020 on 7 Ejari contracts, from AED 21,000 to AED 45,000 a year.
  • At AED 45,000 a year the gross yield on the 2019 price is 10.2%, 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 August 2026.

Questions about 406, MAG 515

What did unit 406 last sell for?

AED 440,000 on 5 May 2019, sold by the developer: AED 911 per sqft for 483 sqft. It is the only registered sale of the unit.

What is the rent for unit 406?

AED 45,000 a year on the contract signed on 1 August 2026. The previous contract, from January 2025, was AED 40,000; the unit has been rented since August 2020.

How big is unit 406?

483 sqft (44.9 sqm): a one-bedroom apartment on the 4th floor of a 6-storey tower completed in 2020.

What is unit 406 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 406, MAG 515

Starts from the last sale price (AED 440K, 5 May 2019). Switch to today's estimate once you have unlocked it.
Price
AED 440,000
Deposit, UAE resident (20%)
AED 88,000
Deposit, non-resident (40%)
AED 176,000
Monthly over 25 years at 3.7%
AED 1,800

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