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1-bed · 478 sqftMAG 515, Dubai South · 5th floor · completed 2020

509, MAG 515

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

Unit 509 · DLD and Ejari recordsUpdated 21 February 2025
Last soldAED 560K21 February 2025
Current rentAED 33K /yr1 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 509, MAG 515

What is 509 worth today?

Last sold for AED 560,000 in 2025

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21 Feb 2025SoldReady
AED 560,000AED 1,170 per sqft
1 Apr 2024RentedRenewal
AED 33,000/yr12 months · AED 69 per sqft
1 Apr 2023RentedNew contract
AED 30,000/yr12 months · AED 63 per sqft
1 Apr 2022RentedNew contract
AED 25,000/yr12 months · AED 52 per sqft
1 Mar 2020RentedNew contract
AED 26,000/yr12 months · AED 55 per sqft
6 Nov 2017Sold by developerOff-plan
AED 467,600AED 977 per sqft

Source: Dubai Land Department. Updated 21 February 2025.

Key facts

Type
1-bed apartment
Size
478 sqft
Floor
5th of 6
Parking
G-100
Developer
MAG
Completed
2020
Service charge
AED 8,200 /yr
Last sold
AED 560K · February 2025
Building
MAG 515

About 509, MAG 515

509 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 21 February 2025 for AED 560,000, or AED 1,170 per sqft, 17% above the AED 997 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 April 2024, is AED 33,000 a year: a gross yield of 5.9% on the 2025 price, before the service charge of about AED 8,200 a year.

Sales and rents for 509 over time

Sales
Unit 509, 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, November 2017: AED 467,600 (AED 977 per sqft)Sold, February 2025: AED 560,000 (AED 1,170 per sqft)

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

Rents
Unit 509, 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, March 2020: AED 26,000 a yearNew contract, April 2022: AED 25,000 a yearNew contract, April 2023: AED 30,000 a yearRenewal, April 2024: 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 509 sits

All 60 1-beds →

509 last sold in February 2025 at AED 1,170 per sqft, 17% above what one-beds in MAG 515 were fetching at the time (AED 997). 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. 509'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 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
5061-bedAED 490K · Jan 2025
507StudioAED 365K · Mar 2018
1–7 of 21

509, MAG 515 in numbers

  • Sold twice: first on 6 November 2017 for AED 467,600, last on 21 February 2025 for AED 560,000 (AED 1,170 per sqft).
  • Rented since March 2020 on 4 Ejari contracts, from AED 26,000 to AED 33,000 a year.
  • At AED 33,000 a year the gross yield on the 2025 price is 5.9%, 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 21 February 2025.

Questions about 509, MAG 515

What did unit 509 last sell for?

AED 560,000 on 21 February 2025: AED 1,170 per sqft for 478 sqft. The unit has 2 registered sales; the first was AED 467,600 in November 2017.

What is the rent for unit 509?

AED 33,000 a year on the contract renewed on 1 April 2024. The previous contract, from April 2023, was AED 30,000; the unit has been rented since March 2020.

How big is unit 509?

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

What is unit 509 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 509, MAG 515

Starts from the last sale price (AED 560K, 21 February 2025). Switch to today's estimate once you have unlocked it.
Price
AED 560,000
Deposit, UAE resident (20%)
AED 112,000
Deposit, non-resident (40%)
AED 224,000
Monthly over 25 years at 3.7%
AED 2,291

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