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1-bed · 483 sqftMAG 515, Dubai South · 5th floor · completed 2020

506, MAG 515

Sold prices and rental history: sold twice, last in January 2025, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 506 · DLD and Ejari recordsUpdated 1 October 2026
Last soldAED 490K9 January 2025
Current rentAED 35K /yr1 October 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 506, MAG 515

What is 506 worth today?

Last sold for AED 490,000 in 2025

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1 Oct 2026RentedRenewal
AED 35,000/yr12 months · AED 72 per sqft
1 Oct 2025RentedNew contract
AED 48,000/yr12 months · AED 99 per sqft
9 Jan 2025SoldReady
AED 490,000AED 1,014 per sqft
5 Sep 2021RentedRenewal
AED 23,000/yr12 months · AED 47 per sqft
5 Sep 2020RentedNew contract
AED 23,000/yr12 months · AED 47 per sqft
31 Jul 2017Sold by developerOff-plan
AED 450,000AED 931 per sqft

Source: Dubai Land Department. Updated 1 October 2026.

Key facts

Type
1-bed apartment
Size
483 sqft
Floor
5th of 6
Parking
G-47
Developer
MAG
Completed
2020
Service charge
AED 8,200 /yr
Last sold
AED 490K · January 2025
Building
MAG 515

About 506, MAG 515

506 is a one-bedroom apartment of 483 sqft on the 5th floor of MAG 515, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 9 January 2025 for AED 490,000, or AED 1,014 per sqft, 3% above the AED 980 one-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, renewed on 1 October 2026, is AED 35,000 a year: a gross yield of 7.1% on the 2025 price, before the service charge of about AED 8,200 a year.

Sales and rents for 506 over time

Sales
Unit 506, 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, July 2017: AED 450,000 (AED 931 per sqft)Sold, January 2025: AED 490,000 (AED 1,014 per sqft)

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

Rents
Unit 506, 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 2020: AED 23,000 a yearRenewal, September 2021: AED 23,000 a yearNew contract, October 2025: AED 48,000 a yearRenewal, October 2026: AED 35,000 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 506 sits

All 60 1-beds →

506 last sold in January 2025 at AED 1,014 per sqft, 3% above what one-beds in MAG 515 were fetching at the time (AED 980). 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. 506's AED 35,000 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 5th floor

All 132 units in MAG 515
Value
5011-bedAED 550K · Mar 2018
502StudioAED 250K · Sep 2020
503StudioAED 350K · May 2019
5041-bedAED 499K · Nov 2023
5052-bedAED 638K · May 2018
507StudioAED 365K · Mar 2018
508StudioAED 346K · Jun 2019
1–7 of 21

506, MAG 515 in numbers

  • Sold twice: first on 31 July 2017 for AED 450,000, last on 9 January 2025 for AED 490,000 (AED 1,014 per sqft).
  • Rented since September 2020 on 4 Ejari contracts, from AED 23,000 to AED 35,000 a year.
  • At AED 35,000 a year the gross yield on the 2025 price is 7.1%, 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 1 October 2026.

Questions about 506, MAG 515

What did unit 506 last sell for?

AED 490,000 on 9 January 2025: AED 1,014 per sqft for 483 sqft. The unit has 2 registered sales; the first was AED 450,000 in July 2017.

What is the rent for unit 506?

AED 35,000 a year on the contract renewed on 1 October 2026. The previous contract, from October 2025, was AED 48,000; the unit has been rented since September 2020.

How big is unit 506?

483 sqft (44.9 sqm): a one-bedroom apartment on the 5th floor of a 6-storey tower completed in 2020.

What is unit 506 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 506, MAG 515

Starts from the last sale price (AED 490K, 9 January 2025). Switch to today's estimate once you have unlocked it.
Price
AED 490,000
Deposit, UAE resident (20%)
AED 98,000
Deposit, non-resident (40%)
AED 196,000
Monthly over 25 years at 3.7%
AED 2,005

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