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1-bed · 514 sqftMAG 515, Dubai South · 4th floor · completed 2020

419, MAG 515

Sold prices and rental history: sold twice, last in August 2024, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 419 · DLD and Ejari recordsUpdated 30 August 2024
Last soldAED 550K30 August 2024
Current rentAED 33K /yr1 September 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 419, MAG 515

What is 419 worth today?

Last sold for AED 550,000 in 2024

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30 Aug 2024SoldReady
AED 550,000AED 1,070 per sqft
1 Sep 2023RentedRenewal
AED 33,000/yr12 months · AED 64 per sqft
1 Sep 2022RentedNew contract
AED 30,000/yr12 months · AED 58 per sqft
1 Sep 2020RentedNew contract
AED 28,000/yr12 months · AED 54 per sqft
8 Mar 2018Sold by developerOff-plan
AED 509,600AED 991 per sqft

Source: Dubai Land Department. Updated 30 August 2024.

Key facts

Type
1-bed apartment
Size
514 sqft
Floor
4th of 6
Parking
G-88
Developer
MAG
Completed
2020
Service charge
AED 8,800 /yr
Last sold
AED 550K · August 2024
Building
MAG 515

About 419, MAG 515

419 is a one-bedroom apartment of 514 sqft on the 4th floor of MAG 515, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 30 August 2024 for AED 550,000, or AED 1,070 per sqft, 25% above the AED 854 one-beds in the building were fetching at the time.

It has been rented since 2020 on 3 Ejari contracts. The current contract, renewed on 1 September 2023, is AED 33,000 a year: a gross yield of 6.0% on the 2024 price, before the service charge of about AED 8,800 a year.

Sales and rents for 419 over time

Sales
Unit 419, 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, March 2018: AED 509,600 (AED 991 per sqft)Sold, August 2024: AED 550,000 (AED 1,070 per sqft)

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

Rents
Unit 419, each contractTypical one-bed in MAG 515
40K2020202220242026Typical 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, September 2020: AED 28,000 a yearNew contract, September 2022: AED 30,000 a yearRenewal, September 2023: AED 33,000 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 419 sits

All 60 1-beds →

419 last sold in August 2024 at AED 1,070 per sqft, 25% above what one-beds in MAG 515 were fetching at the time (AED 854). 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. 419's AED 33,000 is at the bottom 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

419, MAG 515 in numbers

  • Sold twice: first on 8 March 2018 for AED 509,600, last on 30 August 2024 for AED 550,000 (AED 1,070 per sqft).
  • Rented since September 2020 on 3 Ejari contracts, from AED 28,000 to AED 33,000 a year.
  • At AED 33,000 a year the gross yield on the 2024 price is 6.0%, before a service charge of about AED 8,800 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 30 August 2024.

Questions about 419, MAG 515

What did unit 419 last sell for?

AED 550,000 on 30 August 2024: AED 1,070 per sqft for 514 sqft. The unit has 2 registered sales; the first was AED 509,600 in March 2018.

What is the rent for unit 419?

AED 33,000 a year on the contract renewed on 1 September 2023. The previous contract, from September 2022, was AED 30,000; the unit has been rented since September 2020.

How big is unit 419?

514 sqft (47.8 sqm): a one-bedroom apartment on the 4th floor of a 6-storey tower completed in 2020.

What is unit 419 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 419, MAG 515

Starts from the last sale price (AED 550K, 30 August 2024). Switch to today's estimate once you have unlocked it.
Price
AED 550,000
Deposit, UAE resident (20%)
AED 110,000
Deposit, non-resident (40%)
AED 220,000
Monthly over 25 years at 3.7%
AED 2,250

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