Mag 515 Launch Prices
Off-plan in Dubai South · Developer launch registrations from the Dubai Land Department off-plan register
Launch Summary
125 developer launch sales registered at Mag 515 between Jul 2017 and Aug 2022: 100% apartments, most commonly studio units, typically around 478 sqft.
Bed mix: Studio 48% · 1-bed 46% · 2-bed 6%.
Every figure here is a registered developer launch price from the DLD off-plan register - a different kind of price from a ready-market resale, and kept entirely separate from KhaleejKeys' resale statistics.
Launch Price by Quarter
Median registered launch price per square foot at Mag 515, per quarter, with the number of launch sales registered in each.
| Quarter | Launch sales | Median AED/sqft |
|---|---|---|
| 2017 Q3 | 27 | AED 920 |
| 2017 Q4 | 24 | AED 939 |
| 2018 Q1 | 21 | AED 912 |
| 2018 Q2 | 4 | AED 912 |
| 2018 Q3 | 13 | AED 909 |
| 2018 Q4 | 11 | AED 913 |
| 2019 Q2 | 12 | AED 912 |
| 2019 Q3 | 6 | AED 926 |
| 2019 Q4 | 6 | AED 852 |
| 2022 Q3 | 1 | AED 915 |
Launch vs Resale
Mag 515 also has 68 ready-market resales registered with the DLD, the first on 16 March 2021 - 44 months after the first launch registration. A developer launch price and an arm's-length resale are different kinds of price; the gap is context, not a return.
Recent Launch Registrations
Developer launch registrations from the DLD off-plan register - not resales, and never blended into KhaleejKeys' resale prices.
Other Off-Plan Projects in Dubai South
Off-plan in Dubai South
Compare this project with every other off-plan launch registered in Dubai South, or see the community's resale market.
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