MAG 515

A complete view of unit availability, highlighting which units are sold and which are still on the market. Explore detailed unit specifications, pricing ranges, and market benchmarks to make informed buying or investment decisions.

View all projects by MAG
132
Total Units
132
Sold
AED 444,400
Median Price
AED 930
Median Price /sqft
Construction progress: 100%
Start: Aug, 2015Completion: Feb, 2020

MAG 515 Price Ranges by Unit Size, Compared to Area Prices

BedUnitsSize RangePriceArea Price
Compares the Current Market median price per sqft in the project to the current median price per sqft in the area.

Position vs. Area

Studio60350 sqft - 440 sqftAED 0.5M (1,210 /sqft)AED 1,750 /sqft
-30.79
1 Bed60480 sqft - 660 sqftAED 0M (70 /sqft)AED 1,580 /sqft
-95.72
2 Beds12670 sqft - 670 sqftAED 0.7M (1,090 /sqft)AED 1,520 /sqft
-28.11

Current market shows transactions from the past 365 days across both primary and resale sales, while Primary market includes only developer (first sale) transactions.

Property price over months

Median Property Prices Over Time

Available properties

Available properties are units not yet registered with the Dubai Land Department. Availability can change quickly and some units may already be reserved. Click “Check Availability” and we will confirm the latest availability with you.

BedsCategoryFloorSize Balcony
No data found

Sold properties

BedsCategorySize BalconyFloorPricePrice /sqftDate
1Apartment622 sqft12.03 sqft 1AED 645,000AED 1,037 /sqft 16, Sep 2025
1Apartment656 sqft7.6 sqft 1AED 511,500AED 780 /sqft 26, Nov 2019
1Apartment514 sqft5.35 sqft 1AED 499,990AED 973 /sqft 16, Dec 2024
1Apartment483 sqft0 sqft 1AED 480,000AED 994 /sqft 15, Jul 2018
1Apartment514 sqft5.35 sqft 1AED 474,000AED 922 /sqft 24, Oct 2017
1Apartment483 sqft0 sqft 1AED 455,000AED 942 /sqft 07, Nov 2019
1Apartment478 sqft5.6 sqft 1AED 443,758AED 928 /sqft 19, Jul 2017
1Apartment638 sqft12.03 sqft 1AED 435,000AED 682 /sqft 10, Oct 2022
1Apartment628 sqft9.46 sqft 1AED 400,000AED 637 /sqft 18, Feb 2022
1Apartment478 sqft5.6 sqft 1AED 21,043AED 44 /sqft 22, Jul 2026
2Apartment665 sqft11.73 sqft 1AED 580,000AED 872 /sqft 27, Sep 2018
2Apartment669 sqft11.91 sqft 1AED 227,668AED 340 /sqft 29, Dec 2022
StudioApartment360 sqft3.96 sqft 1AED 480,000AED 1,333 /sqft 25, Jun 2026
StudioApartment437 sqft6.66 sqft 1AED 425,000AED 973 /sqft 11, Oct 2024
StudioApartment437 sqft6.66 sqft 1AED 400,000AED 915 /sqft 07, Jun 2024

MAG 515 Real Estate Data – FAQ

  • What is the current property supply in MAG 515?

    MAG 515 has a total residential supply of approximately 37 units. This represents completed and available inventory within the area.

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  • How active is the real estate market in MAG 515?

    MAG 515 recorded 9 property transactions over the last 12 months, indicating strong market liquidity and high investor activity compared to supply.

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  • What is the average price /sqft in MAG 515?

    The median transaction price in MAG 515 is AED 1,080 /sqft , based on actual recorded sales transactions, not listing prices.

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  • What rental yield can investors expect in MAG 515?

    The gross rental yield in MAG 515 is approximately 10%, calculated using median rental income divided by median sale prices for comparable properties.

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  • How much have property prices increased in MAG 515?

    Property prices in MAG 515 have shown a capital appreciation of 21% year-over-year, based on median price per square foot comparisons between consecutive 12-month periods.

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  • How many off-plan projects are currently in MAG 515?

    There are currently 0 active off-plan projects in MAG 515, reflecting strong developer activity and future supply pipeline.

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  • What is the future supply pipeline in MAG 515?

    The total off-plan pipeline in MAG 515 includes approximately 0 units, which will significantly impact future supply and pricing dynamics.

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  • Is MAG 515 a good area for property investment?

    MAG 515 is considered a high-activity investment zone due to its strong transaction volume, competitive rental yield of around %, and steady capital appreciation. However, the large upcoming supply pipeline should be carefully considered when evaluating long-term price growth.

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  • Are these figures based on listing prices or real transactions?

    All pricing, rental yield, and appreciation figures are based on actual transaction data, not listing prices. This provides a more accurate reflection of true market behavior.

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  • How is capital appreciation calculated?

    Capital appreciation is calculated using the change in median price per square foot between two consecutive 12-month periods. This reflects market trends rather than changes in individual property values.

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  • What does rental yield represent?

    Rental yield represents the annual rental income as a percentage of the property's purchase price. In MAG 515, this is %, indicating relatively strong income performance compared to global markets.

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