508, MAG 535
Sold prices and rental history: sold twice, last in February 2025, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 508, MAG 535
What is 508 worth today?
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Source: Dubai Land Department. Updated 1 March 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 642 sqft
- Floor
- 5th of 6
- Parking
- G-65
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 9,800 /yr
- Last sold
- AED 595K · February 2025
- Building
- MAG 535
About 508, MAG 535
508 is a one-bedroom apartment of 642 sqft on the 5th floor of MAG 535, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 20 February 2025 for AED 595,000, or AED 926 per sqft, 13% above the AED 820 one-beds in the building were fetching at the time.
It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, signed on 1 March 2025, is AED 55,000 a year: a gross yield of 9.2% on the 2025 price, before the service charge of about AED 9,800 a year.
Sales and rents for 508 over time
508 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 535, and where 508 sits
All 46 1-beds →508 last sold in February 2025 at AED 926 per sqft, 13% above what one-beds in MAG 535 were fetching at the time (AED 820). 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. 508's AED 55,000 is in the upper half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 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 |
MAG 535
Building86 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%
Other units on the 5th floor
All 86 units in MAG 535| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,041 sqft | AED 695KAED 695,000 · Jul 2018July 2018 | ||
| 502 | 1-bed | 667 sqft | AED 549KAED 549,000 · May 2016May 2016 | 37,268 /yr | |
| 503 | Studio | 476 sqft | AED 396KAED 395,555 · Oct 2018October 2018 | 38,000 /yr | |
| 504 | 1-bed | 642 sqft | AED 566KAED 565,827 · Jul 2016July 2016 | 46,154 /yr | |
| 505 | 2-bed | 78 sqft | AED 1.06MAED 1,060,000 · Feb 2026February 2026 | 63,000 /yr | |
| 506 | 1-bed | 667 sqft | AED 780KAED 780,000 · Feb 2026February 2026 | 40,000 /yr | |
| 507 | Studio | 473 sqft | AED 401KAED 400,555 · Jun 2016June 2016 | 45,000 /yr | |
| 509 | 1-bed | 639 sqft | AED 530KAED 530,000 · Mar 2024March 2024 | 57,000 /yr | |
| 510 | 1-bed | 638 sqft | AED 549KAED 549,000 · May 2016May 2016 | 55,000 /yr | |
| 511 | 1-bed | 634 sqft | AED 549KAED 549,000 · Jun 2016June 2016 | ||
| 512 | 637 sqft | AED 650KAED 650,000 · Aug 2025August 2025 | 50,000 /yr | ||
| 513 | 2-bed | 966 sqft | AED 820KAED 820,000 · Oct 2018October 2018 | 60,000 /yr | |
| 514 | 2-bed | 966 sqft | AED 781KAED 780,555 · Sep 2016September 2016 | 50,600 /yr |
508, MAG 535 in numbers
- Sold twice: first on 4 April 2017 for AED 525,000, last on 20 February 2025 for AED 595,000 (AED 926 per sqft).
- Rented since August 2020 on 5 Ejari contracts, from AED 25,000 to AED 55,000 a year.
- At AED 55,000 a year the gross yield on the 2025 price is 9.2%, 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 March 2025.
Questions about 508, MAG 535
What did unit 508 last sell for?
AED 595,000 on 20 February 2025: AED 926 per sqft for 642 sqft. The unit has 2 registered sales; the first was AED 525,000 in April 2017.
What is the rent for unit 508?
AED 55,000 a year on the contract signed on 1 March 2025. The previous contract, from November 2023, was AED 35,000; the unit has been rented since August 2020.
How big is unit 508?
642 sqft (59.6 sqm): a one-bedroom apartment on the 5th floor of a 6-storey tower completed in 2020.
What is unit 508 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.
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Mortgage on 508, MAG 535
Starts from the last sale price (AED 595K, 20 February 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 595,000
- Deposit, UAE resident (20%)
- AED 119,000
- Deposit, non-resident (40%)
- AED 238,000
- Monthly over 25 years at 3.7%
- AED 2,434
Plus AED 30,000 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →