1-bed · 642 sqftMAG 535, Dubai South · 4th floor · completed 2020

408, MAG 535

Sold prices and rental history: sold twice, last in February 2022, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Follow 408

Unit 408 · DLD and Ejari recordsUpdated 1 November 2025

Last soldAED 480K1 February 2022

Current rentAED 55K /yr1 November 2025

Estimated yieldfree after one verification

Today's valuefree after one verification

Follow 408

Property timeline for 408, MAG 535

Today

What is 408 worth today?

Last sold for AED 480,000 in 2022

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

1 Nov 2025

1 Nov 2025RentedNew contract

AED 55,000/yr12 months · AED 85 per sqft

1 Mar 2023

1 Mar 2023RentedNew contract

AED 30,000/yr12 months · AED 46 per sqft

1 Mar 2022

1 Mar 2022RentedNew contract

AED 29,920/yr12 months · AED 46 per sqft

1 Feb 2022

1 Feb 2022SoldReady

AED 480,000AED 747 per sqft

8 May 2016

8 May 2016Sold by developerOff-plan

AED 549,555AED 856 per sqft

Source: Dubai Land Department. Updated 1 November 2025.

Key facts

Type: 1-bed apartment
Size: 642 sqft
Floor: 4th of 6
Parking: G-51
Developer: MAG
Completed: 2020
Service charge: AED 9,800 /yr
Last sold: AED 480K · February 2022
Building: MAG 535

About 408, MAG 535

408 is a one-bedroom apartment of 642 sqft on the 4th floor of MAG 535, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 1 February 2022 for AED 480,000, or AED 747 per sqft.

It has been rented since 2022 on 3 Ejari contracts. The current contract, signed on 1 November 2025, is AED 55,000 a year: a gross yield of 11.5% on the 2022 price, before the service charge of about AED 9,800 a year.

Sales and rents for 408 over time

Sales

Unit 408, each saleTypical one-bed in MAG 535

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

Rents

Unit 408, each contractTypical one-bed in MAG 535

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

1-beds in MAG 535, and where 408 sits

All 46 1-beds →

1-beds in MAG 535 · last 12 months1,134 /sqft MAG 535 · all types1,051 /sqft

Over the last 12 months one-beds sold for AED 700,000 to 780,000, around AED 1,134 per sqft, and rent for AED 37,268 to 58,000 a year. 408's AED 55,000 is in the upper half of that range.

Recent 1-bed sales	Size	Price (AED)	Per sqft
17 Feb 202617 February 2026	667 sqft	780,000	1,169
20 Jan 202620 January 2026	637 sqft	700,000	1,098
24 Oct 202524 October 2025	666 sqft	650,000	976
2 Jun 20252 June 2025	637 sqft	700,000	1,098

2 1-bed sales in the last 12 months

MAG 535

Building

86 apartments, studios to 3-bed over 6 floors in Dubai South, completed in 2020 by MAG. 5 sold in the last 12 months.

Typical price per sqft: AED 1,051
Typical sale: AED 1.03M
Typical rent: AED 50K /yr
Typical yield: 7.5%

MAG 535, Dubai South: prices, sales and rents →

Other units on the 4th floor

All 86 units in MAG 535


401	2-bed	1,040 sqft	AED 840KAED 840,000 · Apr 2016April 2016	55,000 /yr
402	1-bed	655 sqft	AED 549KAED 549,000 · May 2016May 2016	38,500 /yr
403	Studio	476 sqft	No registered sale	50,000 /yr
404	1-bed	642 sqft	AED 570KAED 570,000 · Apr 2018April 2018	52,000 /yr
405	2-bed	993 sqft	AED 791KAED 790,555 · Jul 2016July 2016	49,809 /yr
406	1-bed	655 sqft	AED 549KAED 549,000 · May 2016May 2016	38,400 /yr
407	Studio	473 sqft	AED 394KAED 393,555 · Jun 2016June 2016	22,000 /yr
409	1-bed	638 sqft	AED 386KAED 386,000 · Aug 2022August 2022	58,000 /yr
410	1-bed	638 sqft	AED 549KAED 549,000 · May 2016May 2016	32,000 /yr
411	1-bed	634 sqft	AED 549KAED 549,000 · Jun 2016June 2016	45,000 /yr
412	1-bed	637 sqft	AED 700KAED 700,000 · Jan 2026January 2026	60,000 /yr
413	2-bed	966 sqft	AED 781KAED 780,555 · Jan 2019January 2019
414	2-bed	966 sqft	AED 781KAED 780,555 · Oct 2017October 2017	50,000 /yr

1–7 of 13

408, MAG 535 in numbers

Sold twice: first on 8 May 2016 for AED 549,555, last on 1 February 2022 for AED 480,000 (AED 747 per sqft).
Rented since March 2022 on 3 Ejari contracts, from AED 29,920 to AED 55,000 a year.
At AED 55,000 a year the gross yield on the 2022 price is 11.5%, before a service charge of about AED 9,800 a year (AED 15.24 per sqft).
One-beds in MAG 535 sold for AED 700,000–780,000 in the 12 months to November 2026; the building's median across all types is AED 1,051 per sqft.

Source: Dubai Land Department. Updated 1 November 2025.

Questions about 408, MAG 535

What did unit 408 last sell for?

AED 480,000 on 1 February 2022: AED 747 per sqft for 642 sqft. The unit has 2 registered sales; the first was AED 549,555 in May 2016.

What is the rent for unit 408?

AED 55,000 a year on the contract signed on 1 November 2025. The previous contract, from March 2023, was AED 30,000; the unit has been rented since March 2022.

How big is unit 408?

642 sqft (59.6 sqm): a one-bedroom apartment on the 4th floor of a 6-storey tower completed in 2020.

What is unit 408 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in MAG 535 sold for AED 700,000 to 780,000 in the last 12 months, around AED 1,134 per sqft.

Selling 408? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 408, MAG 535

Starts from the last sale price (AED 480K, 1 February 2022). Switch to today's estimate once you have unlocked it.

Price: AED 480,000
Deposit, UAE resident (20%): AED 96,000
Deposit, non-resident (40%): AED 192,000
Monthly over 25 years at 3.7%: AED 1,964

Plus AED 23,070 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →