412, MAG 515
Sold prices and rental history: sold once, by the developer in September 2017, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 412, MAG 515
What is 412 worth today?
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Source: Dubai Land Department. Updated 1 July 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 656 sqft
- Floor
- 4th of 6
- Parking
- G-80
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 11,200 /yr
- Last sold
- AED 580K · September 2017
- Building
- MAG 515
About 412, MAG 515
412 is a one-bedroom apartment of 656 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 17 September 2017 for AED 580,000, or AED 884 per sqft, 3% below the AED 914 one-beds in the building were fetching at the time.
It has been rented continuously since 2020 on 8 Ejari contracts. The current contract, signed on 1 July 2026, is AED 44,000 a year: a gross yield of 7.6% on the 2017 price, before the service charge of about AED 11,200 a year.
Sales and rents for 412 over time
412 has sold once; 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 412 sits
All 60 1-beds →412 last sold in September 2017 at AED 884 per sqft, 3% below what one-beds in MAG 515 were fetching at the time (AED 914). 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. 412's AED 44,000 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 | |
| 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 | |
| 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 |
412, MAG 515 in numbers
- Sold once: by MAG on 17 September 2017 for AED 580,000, or AED 884 per sqft.
- Rented since February 2020 on 8 Ejari contracts. The rent fell from AED 28,000 to AED 24,000 in 2022 and recovered to AED 44,000 by July 2026.
- At AED 44,000 a year the gross yield on the 2017 price is 7.6%, before a service charge of about AED 11,200 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 July 2026.
Questions about 412, MAG 515
What did unit 412 last sell for?
AED 580,000 on 17 September 2017, sold by the developer: AED 884 per sqft for 656 sqft. It is the only registered sale of the unit.
What is the rent for unit 412?
AED 44,000 a year on the contract signed on 1 July 2026. The previous contract, from June 2025, was AED 33,600; the unit has been rented since February 2020.
How big is unit 412?
656 sqft (60.9 sqm): a one-bedroom apartment on the 4th floor of a 6-storey tower completed in 2020.
What is unit 412 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 412, MAG 515
Starts from the last sale price (AED 580K, 17 September 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 580,000
- Deposit, UAE resident (20%)
- AED 116,000
- Deposit, non-resident (40%)
- AED 232,000
- Monthly over 25 years at 3.7%
- AED 2,373
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →