Unit 405, MAG 515: what it sold for and what it is worth now

Unit 405 at MAG 515 is a 2 bed of 669 sq ft. It last sold for AED 469,388 on 12 Jul 2021. At AED 1,084 per sq ft, from 3 sales in the building in the last 24 months (2 bed), it is worth about AED 725,000 today.

Value todayAED 725,000AED 698,000 to AED 729,000
Last saleAED 469,38812 Jul 2021 · Resale
Change since last sale+54.5%Building trend alone: AED 774,353
Bedrooms2 bed
Size669 sq ft
Floor4 (from the unit number)
Position in the towerStack 05: units ending 05 share the same layout and view
BuildingMAG 515 by MAG Property Development, handed over 2023
Registered sales of this unit1

Every registered sale of unit 405

DatePriceSizeAED/sq ftType
12 Jul 2021AED 469,388669 sq ft702Resale

Units ending 05 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
30526 Feb 2026AED 725,000669 sq ft1,084Resale
60524 May 2024AED 600,000669 sq ft897Resale
60512 Feb 2024AED 486,600669 sq ft727Resale
60515 Jun 2022AED 440,000669 sq ft658Resale
20514 Apr 2021AED 445,919669 sq ft667Resale

Latest 2 bed sales in MAG 515

UnitDatePriceSizeAED/sq ftType
31020 Jul 2026AED 730,000666 sq ft1,096Resale
30526 Feb 2026AED 725,000669 sq ft1,084Resale
51029 Jan 2025AED 667,000666 sq ft1,002Resale
60524 May 2024AED 600,000669 sq ft897Resale
60512 Feb 2024AED 486,600669 sq ft727Resale
51021 Nov 2023AED 608,000666 sq ft913Resale
61031 Jul 2023AED 475,000666 sq ft713Resale
60515 Jun 2022AED 440,000669 sq ft658Resale

How we worked out the value

We took the 3 sales in MAG 515 in the last 24 months (2 bed), worked out the price per sq ft of each, and used the middle value (AED 1,084). We multiplied it by the size of this unit (669 sq ft). The range uses the middle half of those sales (AED 1,043 to AED 1,090 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 774,353. 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 405 at MAG 515 worth?

About AED 725,000 (range AED 698,000 to AED 729,000), based on AED 1,084 per sq ft from registered sales up to 19 Aug 2026.

When did unit 405 last sell?

12 Jul 2021, for AED 469,388 (resale). It has 1 registered sale.

Sales alert for MAG 515All sales in MAG 515

Unit 402 · Unit 409