Home
Dubai prices
About
Research
1-bed · 478 sqftMAG 515, Dubai South · 6th floor · completed 2020

604, MAG 515

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

Unit 604 · DLD and Ejari recordsUpdated 5 February 2026
Last soldAED 400K31 July 2017
Current rentAED 55K /yr5 February 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 604

Property timeline for 604, MAG 515

What is 604 worth today?

Last sold for AED 400,000 in 2017

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

5 Feb 2026RentedNew contract
AED 55,000/yr12 months · AED 116 per sqft
15 Dec 2023RentedRenewal
AED 32,000/yr12 months · AED 67 per sqft
15 Dec 2022RentedNew contract
AED 29,000/yr12 months · AED 61 per sqft
1 Dec 2021RentedNew contract
AED 26,000/yr12 months · AED 54 per sqft
15 Aug 2020RentedNew contract
AED 23,000/yr12 months · AED 48 per sqft
31 Jul 2017Sold by developerOff-plan
AED 400,000AED 836 per sqft

Source: Dubai Land Department. Updated 5 February 2026.

Key facts

Type
1-bed apartment
Size
478 sqft
Floor
6th of 6
Parking
G-117
Developer
MAG
Completed
2020
Service charge
AED 8,200 /yr
Last sold
AED 400K · July 2017
Building
MAG 515

About 604, MAG 515

604 is a one-bedroom apartment of 478 sqft on the 6th floor of MAG 515, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 31 July 2017 for AED 400,000, or AED 836 per sqft, 5% below the AED 882 one-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, signed on 5 February 2026, is AED 55,000 a year: a gross yield of 13.8% on the 2017 price, before the service charge of about AED 8,200 a year.

Sales and rents for 604 over time

Sales
Unit 604, each saleTypical one-bed in MAG 515
400K500K600K2017202020232026Typical 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, July 2017: AED 400,000 (AED 836 per sqft)

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

Rents
Unit 604, 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, August 2020: AED 23,000 a yearNew contract, December 2021: AED 26,000 a yearNew contract, December 2022: AED 29,000 a yearRenewal, December 2023: AED 32,000 a yearNew contract, February 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 604 sits

All 60 1-beds →

604 last sold in July 2017 at AED 836 per sqft, 5% below what one-beds in MAG 515 were fetching at the time (AED 882). 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. 604'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 6th floor

All 132 units in MAG 515
Value
6011-bedAED 600K · May 2026
602StudioAED 360K · Apr 2019
603StudioAED 300K · Jul 2017
6052-bedAED 600K · May 2024
6061-bedAED 450K · May 2019
607StudioAED 360K · Jun 2024
608StudioAED 275K · Jul 2021
1–7 of 21

604, MAG 515 in numbers

  • Sold once: by MAG on 31 July 2017 for AED 400,000, or AED 836 per sqft.
  • Rented since August 2020 on 5 Ejari contracts, from AED 23,000 to AED 55,000 a year.
  • At AED 55,000 a year the gross yield on the 2017 price is 13.8%, 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 5 February 2026.

Questions about 604, MAG 515

What did unit 604 last sell for?

AED 400,000 on 31 July 2017, sold by the developer: AED 836 per sqft for 478 sqft. It is the only registered sale of the unit.

What is the rent for unit 604?

AED 55,000 a year on the contract signed on 5 February 2026. The previous contract, from December 2023, was AED 32,000; the unit has been rented since August 2020.

How big is unit 604?

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

What is unit 604 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.

Selling 604? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 604, MAG 515

Starts from the last sale price (AED 400K, 31 July 2017). Switch to today's estimate once you have unlocked it.
Price
AED 400,000
Deposit, UAE resident (20%)
AED 80,000
Deposit, non-resident (40%)
AED 160,000
Monthly over 25 years at 3.7%
AED 1,637

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