Unit 409, MAG 515: what it sold for and what it is worth now

Unit 409 at MAG 515 is a 1 bed of 478 sq ft. It last sold for AED 515,000 on 31 Jan 2025. At AED 1,130 per sq ft, from 5 sales of units ending 09 (same position in the tower), it is worth about AED 540,000 today.

Value todayAED 540,000AED 515,000 to AED 560,000
Last saleAED 515,00031 Jan 2025 · Resale
Change since last sale+4.9%Building trend alone: AED 543,867
Rent (median asking, 1 bed)AED 51,900Gross yield 9.6%
Bedrooms1 bed
Size478 sq ft
Floor4 (from the unit number)
Position in the towerStack 09: units ending 09 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 409

DatePriceSizeAED/sq ftType
31 Jan 2025AED 515,000478 sq ft1,077Resale

Units ending 09 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
30928 Apr 2025AED 540,000478 sq ft1,130Resale
50921 Feb 2025AED 560,000478 sq ft1,172Resale
60920 Jan 2025AED 410,000478 sq ft858Resale
10928 Nov 2024AED 600,000478 sq ft1,255Resale

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
60920 Jan 2025AED 410,000478 sq ft858Resale

How we worked out the value

We took the 5 resale sales of units ending 09 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 1,130). We multiplied it by the size of this unit (478 sq ft). The range uses the middle half of those sales (AED 1,077 to AED 1,172 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 543,867. 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 409 at MAG 515 worth?

About AED 540,000 (range AED 515,000 to AED 560,000), based on AED 1,130 per sq ft from registered sales up to 19 Aug 2026.

When did unit 409 last sell?

31 Jan 2025, for AED 515,000 (resale). It has 1 registered sale.

What rent can unit 409 make?

A 1 bed in MAG 515 rents for about AED 51,900 a year (median asking rent). That is a gross yield of 9.6% on the estimate.

Sales alert for MAG 515All sales in MAG 515

Unit 405 · Unit 414