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1-bed · 638 sqftMAG 515, Dubai South · 4th floor · completed 2020

414, MAG 515

Sold prices and rental history: sold 3 times, last in September 2023, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 414 · DLD and Ejari recordsUpdated 7 September 2023
Last soldAED 450K7 September 2023
Current rentAED 37K /yr5 June 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 414, MAG 515

What is 414 worth today?

Last sold for AED 450,000 in 2023

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7 Sep 2023SoldReady
AED 450,000AED 705 per sqft
5 Jun 2023RentedNew contract
AED 37,000/yr12 months · AED 58 per sqft
30 May 2022RentedNew contract
AED 28,000/yr12 months · AED 44 per sqft
8 May 2021RentedNew contract
AED 24,000/yr12 months · AED 38 per sqft
6 Apr 2021SoldReady
AED 350,000AED 548 per sqft
8 May 2020RentedNew contract
AED 24,000/yr12 months · AED 38 per sqft
27 Sep 2018Sold by developerOff-plan
AED 515,251AED 808 per sqft

Source: Dubai Land Department. Updated 7 September 2023.

Key facts

Type
1-bed apartment
Size
638 sqft
Floor
4th of 6
Parking
G-82
Developer
MAG
Completed
2020
Service charge
AED 10,900 /yr
Last sold
AED 450K · September 2023
Building
MAG 515

About 414, MAG 515

414 is a one-bedroom apartment of 638 sqft on the 4th floor of MAG 515, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 7 September 2023 for AED 450,000, or AED 705 per sqft.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, signed on 5 June 2023, is AED 37,000 a year: a gross yield of 8.2% on the 2023 price, before the service charge of about AED 10,900 a year.

Sales and rents for 414 over time

Sales
Unit 414, each saleTypical one-bed in MAG 515
400K600K2017202020232026Typical 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 515,251 (AED 808 per sqft)Sold, April 2021: AED 350,000 (AED 548 per sqft)Sold, September 2023: AED 450,000 (AED 705 per sqft)

414 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 414, 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, May 2020: AED 24,000 a yearNew contract, May 2021: AED 24,000 a yearNew contract, May 2022: AED 28,000 a yearNew contract, June 2023: AED 37,000 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 414 sits

All 60 1-beds →

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. 414's AED 37,000 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
4061-bedAED 440K · May 2019
407StudioAED 355K · Oct 2017
1–7 of 21

414, MAG 515 in numbers

  • Sold 3 times: first on 27 September 2018 for AED 515,251, last on 7 September 2023 for AED 450,000 (AED 705 per sqft).
  • Rented since May 2020 on 4 Ejari contracts, from AED 24,000 to AED 37,000 a year.
  • At AED 37,000 a year the gross yield on the 2023 price is 8.2%, before a service charge of about AED 10,900 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 7 September 2023.

Questions about 414, MAG 515

What did unit 414 last sell for?

AED 450,000 on 7 September 2023: AED 705 per sqft for 638 sqft. The unit has 3 registered sales; the first was AED 515,251 in September 2018.

What is the rent for unit 414?

AED 37,000 a year on the contract signed on 5 June 2023. The previous contract, from May 2022, was AED 28,000; the unit has been rented since May 2020.

How big is unit 414?

638 sqft (59.3 sqm): a one-bedroom apartment on the 4th floor of a 6-storey tower completed in 2020.

What is unit 414 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 414, MAG 515

Starts from the last sale price (AED 450K, 7 September 2023). Switch to today's estimate once you have unlocked it.
Price
AED 450,000
Deposit, UAE resident (20%)
AED 90,000
Deposit, non-resident (40%)
AED 180,000
Monthly over 25 years at 3.7%
AED 1,841

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