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1-bed · 657 sqftMAG 515, Dubai South · 5th floor · completed 2020

512, MAG 515

Sold prices and rental history: sold once, by the developer in November 2017, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 512 · DLD and Ejari recordsUpdated 15 June 2025
Last soldAED 590K21 November 2017
Current rentAED 48K /yr15 June 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 512, MAG 515

What is 512 worth today?

Last sold for AED 590,000 in 2017

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15 Jun 2025RentedRenewal
AED 48,000/yr12 months · AED 73 per sqft
15 Jun 2024RentedRenewal
AED 40,000/yr12 months · AED 61 per sqft
15 Jun 2023RentedRenewal
AED 30,000/yr12 months · AED 46 per sqft
15 Jun 2022RentedNew contract
AED 28,000/yr12 months · AED 43 per sqft
10 Jun 2021RentedNew contract
AED 25,000/yr12 months · AED 38 per sqft
5 May 2020RentedNew contract
AED 26,000/yr12 months · AED 40 per sqft
21 Nov 2017Sold by developerOff-plan
AED 590,000AED 897 per sqft

Source: Dubai Land Department. Updated 15 June 2025.

Key facts

Type
1-bed apartment
Size
657 sqft
Floor
5th of 6
Parking
G-103
Developer
MAG
Completed
2020
Service charge
AED 11,200 /yr
Last sold
AED 590K · November 2017
Building
MAG 515

About 512, MAG 515

512 is a one-bedroom apartment of 657 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 21 November 2017 for AED 590,000, or AED 897 per sqft, in line with the AED 915 one-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 6 Ejari contracts. The current contract, renewed on 15 June 2025, is AED 48,000 a year: a gross yield of 8.1% on the 2017 price, before the service charge of about AED 11,200 a year.

Sales and rents for 512 over time

Sales
Unit 512, each saleTypical one-bed in MAG 515
500K600K2017202020232026Typical 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 590,000 (AED 897 per sqft)

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

Rents
Unit 512, 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, May 2020: AED 26,000 a yearNew contract, June 2021: AED 25,000 a yearNew contract, June 2022: AED 28,000 a yearRenewal, June 2023: AED 30,000 a yearRenewal, June 2024: AED 40,000 a yearRenewal, June 2025: AED 48,000 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 512 sits

All 60 1-beds →

512 last sold in November 2017 at AED 897 per sqft, in line with what one-beds in MAG 515 were fetching at the time (AED 915). 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. 512's AED 48,000 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

512, MAG 515 in numbers

  • Sold once: by MAG on 21 November 2017 for AED 590,000, or AED 897 per sqft.
  • Rented since May 2020 on 6 Ejari contracts, from AED 26,000 to AED 48,000 a year.
  • At AED 48,000 a year the gross yield on the 2017 price is 8.1%, before a service charge of about AED 11,200 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 15 June 2025.

Questions about 512, MAG 515

What did unit 512 last sell for?

AED 590,000 on 21 November 2017, sold by the developer: AED 897 per sqft for 657 sqft. It is the only registered sale of the unit.

What is the rent for unit 512?

AED 48,000 a year on the contract renewed on 15 June 2025. The previous contract, from June 2024, was AED 40,000; the unit has been rented since May 2020.

How big is unit 512?

657 sqft (61.0 sqm): a one-bedroom apartment on the 5th floor of a 6-storey tower completed in 2020.

What is unit 512 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 512, MAG 515

Starts from the last sale price (AED 590K, 21 November 2017). Switch to today's estimate once you have unlocked it.
Price
AED 590,000
Deposit, UAE resident (20%)
AED 118,000
Deposit, non-resident (40%)
AED 236,000
Monthly over 25 years at 3.7%
AED 2,414

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