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1-bed · 666 sqftMAG 530, Dubai South · 4th floor · completed 2020

406, MAG 530

Sold prices and rental history: sold once, by the developer in March 2017, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 406 · DLD and Ejari recordsUpdated 25 February 2024
Last soldAED 541K29 March 2017
Current rentAED 40K /yr25 February 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 406, MAG 530

What is 406 worth today?

Last sold for AED 540,555 in 2017

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25 Feb 2024RentedRenewal
AED 40,000/yr12 months · AED 61 per sqft
25 Feb 2023RentedRenewal
AED 30,000/yr12 months · AED 45 per sqft
25 Feb 2022RentedNew contract
AED 30,000/yr12 months · AED 45 per sqft
29 Mar 2017Sold by developerOff-plan
AED 540,555AED 811 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 25 February 2024.

Key facts

Type
1-bed apartment
Size
666 sqft
Floor
4th of 6
Parking
G-52
Developer
MAG
Completed
2020
Service charge
AED 10,700 /yr
Last sold
AED 541K · March 2017
Building
MAG 530

About 406, MAG 530

406 is a one-bedroom apartment of 666 sqft on the 4th floor of MAG 530, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 29 March 2017 for AED 540,555, or AED 811 per sqft, 4% below the AED 846 one-beds in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 25 February 2024, is AED 40,000 a year: a gross yield of 7.4% on the 2017 price, before the service charge of about AED 10,700 a year.

Sales and rents for 406 over time

Sales
Unit 406, each saleTypical one-bed in MAG 530
500K600K2017202020232026Typical sale price by year: 2017 AED 549,000; 2018 AED 541,416; 2019 AED 534,805; 2023 AED 497,500; 2024 AED 530,000; 2025 AED 640,000Sold by developer, March 2017: AED 540,555 (AED 811 per sqft)

406 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 406, each contractTypical one-bed in MAG 530
40K20192021202320252027Typical rent by year: 2019 AED 30,000; 2020 AED 28,000; 2021 AED 26,000; 2022 AED 28,000; 2023 AED 33,000; 2024 AED 40,500; 2025 AED 50,000; 2026 AED 47,000New contract, February 2022: AED 30,000 a yearRenewal, February 2023: AED 30,000 a yearRenewal, February 2024: AED 40,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in MAG 530, and where 406 sits

All 64 1-beds →

406 last sold in March 2017 at AED 811 per sqft, 4% below what one-beds in MAG 530 were fetching at the time (AED 846). Over the last 12 months one-beds sold for AED 745,000, around AED 1,166 per sqft, and rent for AED 40,000 to 60,000 a year. 406's AED 40,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
29 Dec 2025745,000
30 May 2025700,000
8 May 2025625,000
27 Mar 2025625,000
1 1-bed sale in the last 12 months

MAG 530

Building

92 apartments, studios to 3-bed over 6 floors in Dubai South, completed in 2020 by MAG. 4 sold in the last 12 months.

Typical price per sqft
AED 1,137
Typical sale
AED 770K
Typical rent
AED 54K /yr
Typical yield
6.9%
MAG 530, Dubai South: prices, sales and rents →

Other units on the 4th floor

All 92 units in MAG 530
Value
4012-bedAED 816K · Jul 2017
402AED 730K · Aug 2025
403StudioAED 404K · Aug 2017
4041-bedAED 516K · Aug 2018
4052-bedAED 1.15M · Jun 2025
407StudioAED 456K · Dec 2016
4081-bedAED 575K · Aug 2024
1–7 of 14

406, MAG 530 in numbers

  • Sold once: by MAG on 29 March 2017 for AED 540,555, or AED 811 per sqft.
  • Rented since February 2022 on 3 Ejari contracts, from AED 30,000 to AED 40,000 a year.
  • At AED 40,000 a year the gross yield on the 2017 price is 7.4%, before a service charge of about AED 10,700 a year (AED 16.14 per sqft).
  • One-beds in MAG 530 sold for AED 745,000–745,000 in the 12 months to November 2026; the building's median across all types is AED 1,137 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 25 February 2024.

Questions about 406, MAG 530

What did unit 406 last sell for?

AED 540,555 on 29 March 2017, sold by the developer: AED 811 per sqft for 666 sqft. It is the only registered sale of the unit.

What is the rent for unit 406?

AED 40,000 a year on the contract renewed on 25 February 2024. The previous contract, from February 2023, was AED 30,000; the unit has been rented since February 2022.

How big is unit 406?

666 sqft (61.9 sqm): a one-bedroom apartment on the 4th floor of a 6-storey tower completed in 2020.

What is unit 406 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in MAG 530 sold for AED 745,000 to 745,000 in the last 12 months, around AED 1,166 per sqft.

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Mortgage on 406, MAG 530

Starts from the last sale price (AED 541K, 29 March 2017). Switch to today's estimate once you have unlocked it.
Price
AED 540,555
Deposit, UAE resident (20%)
AED 108,111
Deposit, non-resident (40%)
AED 216,222
Monthly over 25 years at 3.7%
AED 2,212

Plus AED 27,713 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →