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1-bed · 629 sqftMAG 515, Dubai South · 6th floor · completed 2020

601, MAG 515

Sold prices and rental history: sold twice, last in May 2026, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 601 · DLD and Ejari recordsUpdated 18 May 2026
Last soldAED 600K18 May 2026
Current rentAED 37K /yr24 April 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 601, MAG 515

What is 601 worth today?

Last sold for AED 600,000 in 2026

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18 May 2026SoldReady
AED 600,000AED 953 per sqft
24 Apr 2026RentedRenewal
AED 36,597/yr11 months · AED 58 per sqft
24 Apr 2025RentedRenewal
AED 31,878/yr12 months · AED 51 per sqft
24 Apr 2024RentedRenewal
AED 26,565/yr12 months · AED 42 per sqft
24 Apr 2023RentedNew contract
AED 24,150/yr12 months · AED 38 per sqft
24 Apr 2022RentedNew contract
AED 24,150/yr12 months · AED 38 per sqft
24 Apr 2021RentedNew contract
AED 23,000/yr12 months · AED 37 per sqft
5 May 2019Sold by developerOff-plan
AED 527,000AED 837 per sqft

Source: Dubai Land Department. Updated 18 May 2026.

Key facts

Type
1-bed apartment
Size
629 sqft
Floor
6th of 6
Parking
G-114
Developer
MAG
Completed
2020
Service charge
AED 10,700 /yr
Last sold
AED 600K · May 2026
Building
MAG 515

About 601, MAG 515

601 is a one-bedroom apartment of 629 sqft on the 6th floor of MAG 515, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 18 May 2026 for AED 600,000, or AED 953 per sqft, 4% below the AED 995 one-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 6 Ejari contracts. The current contract, renewed on 24 April 2026, is AED 36,597 a year: a gross yield of 6.1% on the 2026 price, before the service charge of about AED 10,700 a year.

Sales and rents for 601 over time

Sales
Unit 601, 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, May 2019: AED 527,000 (AED 837 per sqft)Sold, May 2026: AED 600,000 (AED 953 per sqft)

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

Rents
Unit 601, 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, April 2021: AED 23,000 a yearNew contract, April 2022: AED 24,150 a yearNew contract, April 2023: AED 24,150 a yearRenewal, April 2024: AED 26,565 a yearRenewal, April 2025: AED 31,878 a yearRenewal, April 2026: AED 36,597 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 601 sits

All 60 1-beds →

601 last sold in May 2026 at AED 953 per sqft, 4% below what one-beds in MAG 515 were fetching at the time (AED 995). 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. 601's AED 36,597 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
12 Aug 2026590,000
5 Aug 202624,754
22 Jul 202621,043
14 Jan 202632,436
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 6th floor

All 132 units in MAG 515
Value
602StudioAED 360K · Apr 2019
603StudioAED 300K · Jul 2017
6041-bedAED 400K · Jul 2017
6052-bedAED 600K · May 2024
6061-bedAED 450K · May 2019
607StudioAED 360K · Jun 2024
608StudioAED 275K · Jul 2021
1–7 of 21

601, MAG 515 in numbers

  • Sold twice: first on 5 May 2019 for AED 527,000, last on 18 May 2026 for AED 600,000 (AED 953 per sqft).
  • Rented since April 2021 on 6 Ejari contracts, from AED 23,000 to AED 36,597 a year.
  • At AED 36,597 a year the gross yield on the 2026 price is 6.1%, before a service charge of about AED 10,700 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 18 May 2026.

Questions about 601, MAG 515

What did unit 601 last sell for?

AED 600,000 on 18 May 2026: AED 953 per sqft for 629 sqft. The unit has 2 registered sales; the first was AED 527,000 in May 2019.

What is the rent for unit 601?

AED 36,597 a year on the contract renewed on 24 April 2026. The previous contract, from April 2025, was AED 31,878; the unit has been rented since April 2021.

How big is unit 601?

629 sqft (58.4 sqm): a one-bedroom apartment on the 6th floor of a 6-storey tower completed in 2020.

What is unit 601 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 601, MAG 515

Starts from the last sale price (AED 600K, 18 May 2026). Switch to today's estimate once you have unlocked it.
Price
AED 600,000
Deposit, UAE resident (20%)
AED 120,000
Deposit, non-resident (40%)
AED 240,000
Monthly over 25 years at 3.7%
AED 2,455

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