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

420, MAG 515

Sold prices and rental history: sold once, by the developer in October 2017, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 420 · DLD and Ejari recordsUpdated 16 June 2025
Last soldAED 440K30 October 2017
Current rentAED 50K /yr16 June 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 420, MAG 515

What is 420 worth today?

Last sold for AED 440,000 in 2017

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16 Jun 2025RentedNew contract
AED 50,000/yr12 months · AED 97 per sqft
15 May 2023RentedNew contract
AED 34,000/yr12 months · AED 66 per sqft
13 Jul 2022RentedNew contract
AED 27,000/yr12 months · AED 52 per sqft
1 Oct 2021RentedNew contract
AED 23,000/yr12 months · AED 45 per sqft
1 Apr 2020RentedNew contract
AED 24,000/yr12 months · AED 46 per sqft
30 Oct 2017Sold by developerOff-plan
AED 440,000AED 856 per sqft

Source: Dubai Land Department. Updated 16 June 2025.

Key facts

Type
1-bed apartment
Size
514 sqft
Floor
4th of 6
Parking
G-89
Developer
MAG
Completed
2020
Service charge
AED 8,800 /yr
Last sold
AED 440K · October 2017
Building
MAG 515

About 420, MAG 515

420 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. The developer sold it on 30 October 2017 for AED 440,000, or AED 856 per sqft, 6% below the AED 915 one-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, signed on 16 June 2025, is AED 50,000 a year: a gross yield of 11.4% on the 2017 price, before the service charge of about AED 8,800 a year.

Sales and rents for 420 over time

Sales
Unit 420, 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, October 2017: AED 440,000 (AED 856 per sqft)

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

Rents
Unit 420, 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, April 2020: AED 24,000 a yearNew contract, October 2021: AED 23,000 a yearNew contract, July 2022: AED 27,000 a yearNew contract, May 2023: AED 34,000 a yearNew contract, June 2025: AED 50,000 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 420 sits

All 60 1-beds →

420 last sold in October 2017 at AED 856 per sqft, 6% below what one-beds in MAG 515 were fetching at the time (AED 915). 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. 420's AED 50,000 is in the upper 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

420, MAG 515 in numbers

  • Sold once: by MAG on 30 October 2017 for AED 440,000, or AED 856 per sqft.
  • Rented since April 2020 on 5 Ejari contracts, from AED 24,000 to AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2017 price is 11.4%, 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 16 June 2025.

Questions about 420, MAG 515

What did unit 420 last sell for?

AED 440,000 on 30 October 2017, sold by the developer: AED 856 per sqft for 514 sqft. It is the only registered sale of the unit.

What is the rent for unit 420?

AED 50,000 a year on the contract signed on 16 June 2025. The previous contract, from May 2023, was AED 34,000; the unit has been rented since April 2020.

How big is unit 420?

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

What is unit 420 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 420, MAG 515

Starts from the last sale price (AED 440K, 30 October 2017). 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 →