602, MAG 530
Sold prices and rental history: sold twice, last in March 2023, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 602, MAG 530
What is 602 worth today?
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Source: Dubai Land Department. Updated 19 August 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 667 sqft
- Floor
- 6th of 6
- Parking
- G-80
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 10,800 /yr
- Last sold
- AED 450K · March 2023
- Building
- MAG 530
About 602, MAG 530
602 is a one-bedroom apartment of 667 sqft on the 6th floor of MAG 530, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 16 March 2023 for AED 450,000, or AED 674 per sqft, in line with the AED 685 one-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 6 Ejari contracts. The current contract, signed on 19 August 2024, is AED 58,000 a year: a gross yield of 12.9% on the 2023 price, before the service charge of about AED 10,800 a year.
Sales and rents for 602 over time
602 has sold twice; the dashed line is the one-bed median of each year in the building.
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 602 sits
All 64 1-beds →602 last sold in March 2023 at AED 674 per sqft, in line with what one-beds in MAG 530 were fetching at the time (AED 685). 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. 602's AED 58,000 is in the upper half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 29 Dec 202529 December 2025 | 638 sqft | 745,000 | 1,166 | ||
| 30 May 202530 May 2025 | 638 sqft | 700,000 | 1,096 | ||
| 8 May 20258 May 2025 | 638 sqft | 625,000 | 980 | ||
| 27 Mar 202527 March 2025 | 624 sqft | 625,000 | 1,001 |
MAG 530
Building92 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%
Other units on the 6th floor
All 92 units in MAG 530| ValueToday's value | |||||
|---|---|---|---|---|---|
| 601 | 2-bed | 1,037 sqft | AED 820KAED 820,000 · Nov 2018November 2018 | ||
| 603 | Studio | 476 sqft | AED 401KAED 400,555 · Apr 2017April 2017 | 27,894 /yr | |
| 604 | 1-bed | 638 sqft | AED 532KAED 532,447 · Aug 2017August 2017 | 50,000 /yr | |
| 605 | 2-bed | 1,008 sqft | AED 1.15MAED 1,150,000 · Jan 2026January 2026 | 55,000 /yr | |
| 606 | 1-bed | 667 sqft | AED 574KAED 573,502 · Aug 2024August 2024 | 65,000 /yr | |
| 607 | Studio | 473 sqft | AED 438KAED 437,555 · Aug 2018August 2018 | 30,000 /yr | |
| 608 | 1-bed | 638 sqft | AED 745KAED 745,000 · Dec 2025December 2025 | 55,000 /yr | |
| 609 | 1-bed | 639 sqft | AED 578KAED 577,777 · Jul 2017July 2017 | 48,000 /yr | |
| 610 | 1-bed | 638 sqft | AED 597KAED 597,163 · Jul 2017July 2017 | 35,000 /yr | |
| 611 | 1-bed | 623 sqft | AED 650KAED 650,000 · Mar 2025March 2025 | 29,000 /yr | |
| 612 | 1-bed | 624 sqft | AED 587KAED 586,748 · Jul 2017July 2017 | 40,000 /yr | |
| 613 | 1-bed | 654 sqft | AED 580KAED 580,000 · Jan 2019January 2019 | ||
| 614 | 1-bed | 654 sqft | AED 541KAED 540,555 · Aug 2017August 2017 | 50,000 /yr | |
| 615 | 663 sqft | AED 690KAED 690,000 · Aug 2025August 2025 | 55,000 /yr |
602, MAG 530 in numbers
- Sold twice: first on 29 July 2018 for AED 570,000, last on 16 March 2023 for AED 450,000 (AED 674 per sqft).
- Rented since November 2019 on 6 Ejari contracts. The rent fell from AED 30,000 to AED 26,000 in 2020 and recovered to AED 58,000 by August 2024.
- At AED 58,000 a year the gross yield on the 2023 price is 12.9%, before a service charge of about AED 10,800 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: Dubai Land Department. Updated 19 August 2024.
Questions about 602, MAG 530
What did unit 602 last sell for?
AED 450,000 on 16 March 2023: AED 674 per sqft for 667 sqft. The unit has 2 registered sales; the first was AED 570,000 in July 2018.
What is the rent for unit 602?
AED 58,000 a year on the contract signed on 19 August 2024. The previous contract, from May 2024, was AED 50,400; the unit has been rented since November 2019.
How big is unit 602?
667 sqft (62.0 sqm): a one-bedroom apartment on the 6th floor of a 6-storey tower completed in 2020.
What is unit 602 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 602, MAG 530
Starts from the last sale price (AED 450K, 16 March 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 450,000
- Deposit, UAE resident (20%)
- AED 90,000
- Deposit, non-resident (40%)
- AED 180,000
- Monthly over 25 years at 3.7%
- AED 1,841
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →