Unit 214, MAG 515: what it sold for and what it is worth now

Unit 214 at MAG 515 is a 1 bed of 638 sq ft. It last sold for AED 625,000 on 26 Sep 2024. At AED 1,037 per sq ft, from 3 sales in the building in the last 12 months (1 bed), it is worth about AED 662,000 today.

Value todayAED 662,000AED 635,000 to AED 720,000
Last saleAED 625,00026 Sep 2024 · Resale
Change since last sale+5.9%Building trend alone: AED 687,193
Rent (median asking, 1 bed)AED 51,900Gross yield 7.8%
Bedrooms1 bed
Size638 sq ft
Floor2 (from the unit number)
Position in the towerStack 14: units ending 14 share the same layout and view
BuildingMAG 515 by MAG Property Development, handed over 2023
Registered sales of this unit2

Every registered sale of unit 214

DatePriceSizeAED/sq ftType
26 Sep 2024AED 625,000638 sq ft980Resale
26 Sep 2023AED 463,731638 sq ft727Resale

Units ending 14 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
4147 Sep 2023AED 450,000638 sq ft705Resale
11410 Oct 2022AED 435,000638 sq ft682Resale
4146 Apr 2021AED 350,000638 sq ft549Resale

Latest 1 bed sales in MAG 515

UnitDatePriceSizeAED/sq ftType
31112 Aug 2026AED 590,000483 sq ft1,222Resale
60118 May 2026AED 600,000629 sq ft954Resale
11316 Sep 2025AED 645,000622 sq ft1,037Resale
51916 May 2025AED 550,000514 sq ft1,070Resale
30928 Apr 2025AED 540,000478 sq ft1,130Resale
32019 Mar 2025AED 615,000514 sq ft1,196Resale
50921 Feb 2025AED 560,000478 sq ft1,172Resale
40931 Jan 2025AED 515,000478 sq ft1,077Resale

How we worked out the value

We took the 3 sales in MAG 515 in the last 12 months (1 bed), worked out the price per sq ft of each, and used the middle value (AED 1,037). We multiplied it by the size of this unit (638 sq ft). The range uses the middle half of those sales (AED 995 to AED 1,129 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 687,193. Floor, view, condition and upgrades can move the price either way. Sales data to 19 Aug 2026, from the Dubai Land Department register.

Questions

What is unit 214 at MAG 515 worth?

About AED 662,000 (range AED 635,000 to AED 720,000), based on AED 1,037 per sq ft from registered sales up to 19 Aug 2026.

When did unit 214 last sell?

26 Sep 2024, for AED 625,000 (resale). It has 2 registered sales.

What rent can unit 214 make?

A 1 bed in MAG 515 rents for about AED 51,900 a year (median asking rent). That is a gross yield of 7.8% on the estimate.

Sales alert for MAG 515All sales in MAG 515

Unit 205 · Unit 217