409, MAG 515
Sold prices and rental history: sold twice, last in January 2025, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 409, MAG 515
What is 409 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 31 January 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 478 sqft
- Floor
- 4th of 6
- Parking
- G-77
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 8,200 /yr
- Last sold
- AED 515K · January 2025
- Building
- MAG 515
About 409, MAG 515
409 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. It last sold on 31 January 2025 for AED 515,000, or AED 1,076 per sqft, 10% above the AED 980 one-beds in the building were fetching at the time.
It has been rented since 2020 on 2 Ejari contracts. The current contract, signed on 5 November 2024, is AED 37,500 a year: a gross yield of 7.3% on the 2025 price, before the service charge of about AED 8,200 a year.
Sales and rents for 409 over time
409 has sold twice; the dashed line is the one-bed median of each year in the building.
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 409 sits
All 60 1-beds →409 last sold in January 2025 at AED 1,076 per sqft, 10% above what one-beds in MAG 515 were fetching at the time (AED 980). 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. 409's AED 37,500 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 12 Aug 202612 August 2026 | 483 sqft | 590,000 | 1,221 | ||
| 5 Aug 20265 August 2026 | 514 sqft | 24,754 | 48 | ||
| 22 Jul 202622 July 2026 | 478 sqft | 21,043 | 44 | ||
| 18 May 202618 May 2026 | 629 sqft | 600,000 | 953 |
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 | |
| 405 | 2-bed | 669 sqft | AED 469KAED 469,388 · Jul 2021July 2021 | 54,853 /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 | |
| 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 |
409, MAG 515 in numbers
- Sold twice: first on 6 November 2017 for AED 465,500, last on 31 January 2025 for AED 515,000 (AED 1,076 per sqft).
- Rented since June 2020 on 2 Ejari contracts, from AED 24,000 to AED 37,500 a year.
- At AED 37,500 a year the gross yield on the 2025 price is 7.3%, 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 31 January 2025.
Questions about 409, MAG 515
What did unit 409 last sell for?
AED 515,000 on 31 January 2025: AED 1,076 per sqft for 478 sqft. The unit has 2 registered sales; the first was AED 465,500 in November 2017.
What is the rent for unit 409?
AED 37,500 a year on the contract signed on 5 November 2024. The previous contract, from June 2020, was AED 24,000.
How big is unit 409?
478 sqft (44.4 sqm): a one-bedroom apartment on the 4th floor of a 6-storey tower completed in 2020.
What is unit 409 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.
Selling 409? 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 409, MAG 515
Starts from the last sale price (AED 515K, 31 January 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 515,000
- Deposit, UAE resident (20%)
- AED 103,000
- Deposit, non-resident (40%)
- AED 206,000
- Monthly over 25 years at 3.7%
- AED 2,107
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →