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1-bed · 638 sqftMAG 515, Dubai South · 5th floor · completed 2020

514, MAG 515

Sold prices and rental history: sold once, by the developer in February 2018, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 514 · DLD and Ejari recordsUpdated 16 May 2026
Last soldAED 579K14 February 2018
Current rentAED 55K /yr16 May 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 514, MAG 515

What is 514 worth today?

Last sold for AED 578,742 in 2018

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16 May 2026RentedRenewal
AED 55,000/yr12 months · AED 86 per sqft
16 May 2025RentedNew contract
AED 55,000/yr12 months · AED 86 per sqft
16 May 2025RentedNew contract
AED 55,000/yr12 months · AED 86 per sqft
20 Apr 2025RentedRenewal
AED 35,000/yr12 months · AED 55 per sqft
20 Apr 2024RentedNew contract
AED 44,000/yr12 months · AED 69 per sqft
15 Mar 2023RentedRenewal
AED 28,000/yr12 months · AED 44 per sqft
15 Mar 2022RentedRenewal
AED 27,000/yr12 months · AED 43 per sqft
15 Mar 2021RentedRenewal
AED 27,000/yr12 months · AED 43 per sqft

Source: Dubai Land Department. Updated 16 May 2026.

Key facts

Type
1-bed apartment
Size
638 sqft
Floor
5th of 6
Parking
G-105
Developer
MAG
Completed
2020
Service charge
AED 10,900 /yr
Last sold
AED 579K · February 2018
Building
MAG 515

About 514, MAG 515

514 is a one-bedroom apartment of 638 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 14 February 2018 for AED 578,742, or AED 907 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 9 Ejari contracts. The current contract, renewed on 16 May 2026, is AED 55,000 a year: a gross yield of 9.5% on the 2018 price, before the service charge of about AED 10,900 a year.

Sales and rents for 514 over time

Sales
Unit 514, 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, February 2018: AED 578,742 (AED 907 per sqft)

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

Rents
Unit 514, 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, March 2020: AED 28,000 a yearRenewal, March 2021: AED 27,000 a yearRenewal, March 2022: AED 27,000 a yearRenewal, March 2023: AED 28,000 a yearNew contract, April 2024: AED 44,000 a yearRenewal, April 2025: AED 35,000 a yearNew contract, May 2025: AED 55,000 a yearNew contract, May 2025: AED 55,000 a yearRenewal, May 2026: AED 55,000 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 514 sits

All 60 1-beds →

514 last sold in February 2018 at AED 907 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. 514's AED 55,000 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

514, MAG 515 in numbers

  • Sold once: by MAG on 14 February 2018 for AED 578,742, or AED 907 per sqft.
  • Rented since March 2020 on 9 Ejari contracts, from AED 28,000 to AED 55,000 a year.
  • At AED 55,000 a year the gross yield on the 2018 price is 9.5%, before a service charge of about AED 10,900 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 16 May 2026.

Questions about 514, MAG 515

What did unit 514 last sell for?

AED 578,742 on 14 February 2018, sold by the developer: AED 907 per sqft for 638 sqft. It is the only registered sale of the unit.

What is the rent for unit 514?

AED 55,000 a year on the contract renewed on 16 May 2026. The previous contract, from May 2025, was AED 55,000; the unit has been rented since March 2020.

How big is unit 514?

638 sqft (59.3 sqm): a one-bedroom apartment on the 5th floor of a 6-storey tower completed in 2020.

What is unit 514 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 514, MAG 515

Starts from the last sale price (AED 579K, 14 February 2018). Switch to today's estimate once you have unlocked it.
Price
AED 578,742
Deposit, UAE resident (20%)
AED 115,748
Deposit, non-resident (40%)
AED 231,497
Monthly over 25 years at 3.7%
AED 2,368

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