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1-bed · 629 sqftMAG 515, Dubai South · 5th floor · completed 2020

501, MAG 515

Sold prices and rental history: sold once, by the developer in March 2018, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 501 · DLD and Ejari recordsUpdated 1 October 2025
Last soldAED 550K4 March 2018
Current rentAED 52K /yr1 October 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 501, MAG 515

What is 501 worth today?

Last sold for AED 550,000 in 2018

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1 Oct 2025RentedNew contract
AED 52,000/yr12 months · AED 83 per sqft
20 Sep 2025RentedRenewal
AED 49,862/yr12 months · AED 80 per sqft
20 Sep 2024RentedNew contract
AED 52,000/yr12 months · AED 83 per sqft
4 Mar 2018Sold by developerOff-plan
AED 550,000AED 873 per sqft

Source: Dubai Land Department. Updated 1 October 2025.

Key facts

Type
1-bed apartment
Size
629 sqft
Floor
5th of 6
Parking
G-92
Developer
MAG
Completed
2020
Service charge
AED 10,700 /yr
Last sold
AED 550K · March 2018
Building
MAG 515

About 501, MAG 515

501 is a one-bedroom apartment of 629 sqft on the 5th floor of MAG 515, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 4 March 2018 for AED 550,000, or AED 873 per sqft, 4% below the AED 914 one-beds in the building were fetching at the time.

It has been rented since 2024 on 3 Ejari contracts. The current contract, signed on 1 October 2025, is AED 52,000 a year: a gross yield of 9.4% on the 2018 price, before the service charge of about AED 10,700 a year.

Sales and rents for 501 over time

Sales
Unit 501, 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 550,000 (AED 873 per sqft)

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

Rents
Unit 501, 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, September 2024: AED 52,000 a yearRenewal, September 2025: AED 49,862 a yearNew contract, October 2025: AED 52,000 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 501 sits

All 60 1-beds →

501 last sold in March 2018 at AED 873 per sqft, 4% 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. 501's AED 52,000 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 5th floor

All 132 units in MAG 515
Value
502StudioAED 250K · Sep 2020
503StudioAED 350K · May 2019
5041-bedAED 499K · Nov 2023
5052-bedAED 638K · May 2018
5061-bedAED 490K · Jan 2025
507StudioAED 365K · Mar 2018
508StudioAED 346K · Jun 2019
1–7 of 21

501, MAG 515 in numbers

  • Sold once: by MAG on 4 March 2018 for AED 550,000, or AED 873 per sqft.
  • Rented since September 2024 on 3 Ejari contracts, at AED 52,000 a year.
  • At AED 52,000 a year the gross yield on the 2018 price is 9.4%, before a service charge of about AED 10,700 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 October 2025.

Questions about 501, MAG 515

What did unit 501 last sell for?

AED 550,000 on 4 March 2018, sold by the developer: AED 873 per sqft for 629 sqft. It is the only registered sale of the unit.

What is the rent for unit 501?

AED 52,000 a year on the contract signed on 1 October 2025. The previous contract, from September 2025, was AED 49,862; the unit has been rented since September 2024.

How big is unit 501?

629 sqft (58.4 sqm): a one-bedroom apartment on the 5th floor of a 6-storey tower completed in 2020.

What is unit 501 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 501, MAG 515

Starts from the last sale price (AED 550K, 4 March 2018). 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 →