Home
Dubai prices
About
Research
1-bed · 478 sqftMAG 515, Dubai South · 5th floor · completed 2020

504, MAG 515

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

Unit 504 · DLD and Ejari recordsUpdated 4 December 2024
Last soldAED 499K1 November 2023
Current rentAED 46K /yr4 December 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 504

Property timeline for 504, MAG 515

What is 504 worth today?

Last sold for AED 499,000 in 2023

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

4 Dec 2024RentedNew contract
AED 46,000/yr12 months · AED 97 per sqft
9 Nov 2023RentedNew contract
AED 41,884/yr12 months · AED 88 per sqft
1 Nov 2023SoldReady
AED 499,000AED 1,043 per sqft
15 Aug 2022RentedNew contract
AED 25,500/yr12 months · AED 54 per sqft
10 May 2021RentedNew contract
AED 22,000/yr12 months · AED 46 per sqft
5 Mar 2020RentedNew contract
AED 26,000/yr12 months · AED 55 per sqft
26 Sep 2017Sold by developerOff-plan
AED 420,000AED 878 per sqft

Source: Dubai Land Department. Updated 4 December 2024.

Key facts

Type
1-bed apartment
Size
478 sqft
Floor
5th of 6
Parking
G-95
Developer
MAG
Completed
2020
Service charge
AED 8,200 /yr
Last sold
AED 499K · November 2023
Building
MAG 515

About 504, MAG 515

504 is a one-bedroom apartment of 478 sqft on the 5th floor of MAG 515, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 1 November 2023 for AED 499,000, or AED 1,043 per sqft, 43% above the AED 727 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 4 December 2024, is AED 46,000 a year: a gross yield of 9.2% on the 2023 price, before the service charge of about AED 8,200 a year.

Sales and rents for 504 over time

Sales
Unit 504, each saleTypical one-bed in MAG 515
400K500K2017202020232026Typical 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 2017: AED 420,000 (AED 878 per sqft)Sold, November 2023: AED 499,000 (AED 1,043 per sqft)

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

Rents
Unit 504, 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, March 2020: AED 26,000 a yearNew contract, May 2021: AED 22,000 a yearNew contract, August 2022: AED 25,500 a yearNew contract, November 2023: AED 41,884 a yearNew contract, December 2024: AED 46,000 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 504 sits

All 60 1-beds →

504 last sold in November 2023 at AED 1,043 per sqft, 43% above what one-beds in MAG 515 were fetching at the time (AED 727). 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. 504's AED 46,000 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 5th floor

All 132 units in MAG 515
Value
5011-bedAED 550K · Mar 2018
502StudioAED 250K · Sep 2020
503StudioAED 350K · May 2019
5052-bedAED 638K · May 2018
5061-bedAED 490K · Jan 2025
507StudioAED 365K · Mar 2018
508StudioAED 346K · Jun 2019
1–7 of 21

504, MAG 515 in numbers

  • Sold twice: first on 26 September 2017 for AED 420,000, last on 1 November 2023 for AED 499,000 (AED 1,043 per sqft).
  • Rented since March 2020 on 5 Ejari contracts. The rent fell from AED 26,000 to AED 22,000 in 2021 and recovered to AED 46,000 by December 2024.
  • At AED 46,000 a year the gross yield on the 2023 price is 9.2%, before a service charge of about AED 8,200 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 4 December 2024.

Questions about 504, MAG 515

What did unit 504 last sell for?

AED 499,000 on 1 November 2023: AED 1,043 per sqft for 478 sqft. The unit has 2 registered sales; the first was AED 420,000 in September 2017.

What is the rent for unit 504?

AED 46,000 a year on the contract signed on 4 December 2024. The previous contract, from November 2023, was AED 41,884; the unit has been rented since March 2020.

How big is unit 504?

478 sqft (44.4 sqm): a one-bedroom apartment on the 5th floor of a 6-storey tower completed in 2020.

What is unit 504 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.

Selling 504? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 504, MAG 515

Starts from the last sale price (AED 499K, 1 November 2023). Switch to today's estimate once you have unlocked it.
Price
AED 499,000
Deposit, UAE resident (20%)
AED 99,800
Deposit, non-resident (40%)
AED 199,600
Monthly over 25 years at 3.7%
AED 2,042

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