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

511, MAG 515

Sold prices and rental history: sold once, by the developer in November 2018, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 511 · DLD and Ejari recordsUpdated 4 December 2025
Last soldAED 445K25 November 2018
Current rentAED 60K /yr4 December 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 511, MAG 515

What is 511 worth today?

Last sold for AED 445,280 in 2018

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4 Dec 2025RentedRenewal
AED 60,000/yr12 months · AED 124 per sqft
4 Dec 2024RentedRenewal
AED 60,000/yr12 months · AED 124 per sqft
4 Dec 2023RentedNew contract
AED 54,000/yr12 months · AED 112 per sqft
25 Nov 2018Sold by developerOff-plan
AED 445,280AED 921 per sqft

Source: Dubai Land Department. Updated 4 December 2025.

Key facts

Type
1-bed apartment
Size
483 sqft
Floor
5th of 6
Parking
G-46
Developer
MAG
Completed
2020
Service charge
AED 8,200 /yr
Last sold
AED 445K · November 2018
Building
MAG 515

About 511, MAG 515

511 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. The developer sold it on 25 November 2018 for AED 445,280, or AED 921 per sqft, in line with the AED 921 one-beds in the building were fetching at the time.

It has been rented since 2023 on 3 Ejari contracts. The current contract, renewed on 4 December 2025, is AED 60,000 a year: a gross yield of 13.5% on the 2018 price, before the service charge of about AED 8,200 a year.

Sales and rents for 511 over time

Sales
Unit 511, 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 2018: AED 445,280 (AED 921 per sqft)

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

Rents
Unit 511, each contractTypical one-bed in MAG 515
20K40K60K2020202220242026Typical 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, December 2023: AED 54,000 a yearRenewal, December 2024: AED 60,000 a yearRenewal, December 2025: AED 60,000 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 511 sits

All 60 1-beds →

511 last sold in November 2018 at AED 921 per sqft, in line with what one-beds in MAG 515 were fetching at the time (AED 921). 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. 511's AED 60,000 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
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

511, MAG 515 in numbers

  • Sold once: by MAG on 25 November 2018 for AED 445,280, or AED 921 per sqft.
  • Rented since December 2023 on 3 Ejari contracts, from AED 54,000 to AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2018 price is 13.5%, 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 2025.

Questions about 511, MAG 515

What did unit 511 last sell for?

AED 445,280 on 25 November 2018, sold by the developer: AED 921 per sqft for 483 sqft. It is the only registered sale of the unit.

What is the rent for unit 511?

AED 60,000 a year on the contract renewed on 4 December 2025. The previous contract, from December 2024, was AED 60,000; the unit has been rented since December 2023.

How big is unit 511?

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

What is unit 511 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 511, MAG 515

Starts from the last sale price (AED 445K, 25 November 2018). Switch to today's estimate once you have unlocked it.
Price
AED 445,280
Deposit, UAE resident (20%)
AED 89,056
Deposit, non-resident (40%)
AED 178,112
Monthly over 25 years at 3.7%
AED 1,822

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