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1-bed · 667 sqftMAG 535, Dubai South · 6th floor · completed 2020

602, MAG 535

Sold prices and rental history: sold twice, last in May 2024, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 602 · DLD and Ejari recordsUpdated 29 May 2024
Last soldAED 525K29 May 2024
Current rentAED 33K /yr20 April 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 602, MAG 535

What is 602 worth today?

Last sold for AED 525,000 in 2024

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29 May 2024SoldReady
AED 525,000AED 787 per sqft
20 Apr 2023RentedNew contract
AED 33,000/yr12 months · AED 49 per sqft
2 Apr 2022RentedNew contract
AED 28,000/yr12 months · AED 42 per sqft
1 Mar 2021RentedRenewal
AED 26,000/yr12 months · AED 39 per sqft
1 Mar 2020RentedNew contract
AED 28,000/yr12 months · AED 42 per sqft
28 Sep 2016Sold by developerOff-plan
AED 525,555AED 787 per sqft

Source: Dubai Land Department. Updated 29 May 2024.

Key facts

Type
1-bed apartment
Size
667 sqft
Floor
6th of 6
Parking
G-73
Developer
MAG
Completed
2020
Service charge
AED 10,200 /yr
Last sold
AED 525K · May 2024
Building
MAG 535

About 602, MAG 535

602 is a one-bedroom apartment of 667 sqft on the 6th floor of MAG 535, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 29 May 2024 for AED 525,000, or AED 787 per sqft, in line with the AED 787 one-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, signed on 20 April 2023, is AED 33,000 a year: a gross yield of 6.3% on the 2024 price, before the service charge of about AED 10,200 a year.

Sales and rents for 602 over time

Sales
Unit 602, each saleTypical one-bed in MAG 535
400K600K2016201920222025Typical sale price by year: 2016 AED 549,000; 2017 AED 525,000; 2018 AED 530,601; 2019 AED 500,000; 2020 AED 430,000; 2022 AED 390,000; 2023 AED 389,624; 2024 AED 539,000; 2025 AED 625,000Sold by developer, September 2016: AED 525,555 (AED 787 per sqft)Sold, May 2024: AED 525,000 (AED 787 per sqft)

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

Rents
Unit 602, each contractTypical one-bed in MAG 535
20K40K60K20192021202320252027Typical rent by year: 2019 AED 30,000; 2020 AED 27,500; 2021 AED 25,000; 2022 AED 28,000; 2023 AED 32,750; 2024 AED 40,000; 2025 AED 52,000; 2026 AED 58,000New contract, March 2020: AED 28,000 a yearRenewal, March 2021: AED 26,000 a yearNew contract, April 2022: AED 28,000 a yearNew contract, April 2023: AED 33,000 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 535, and where 602 sits

All 46 1-beds →

602 last sold in May 2024 at AED 787 per sqft, in line with what one-beds in MAG 535 were fetching at the time (AED 787). 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. 602's AED 33,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
17 Feb 2026780,000
20 Jan 2026700,000
24 Oct 2025650,000
2 Jun 2025700,000
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 6th floor

All 86 units in MAG 535
Value
6012-bedAED 1M · May 2025
603StudioAED 540K · Dec 2024
6041-bedAED 340K · Dec 2020
6052-bedAED 796K · Sep 2016
6061-bedAED 500K · Sep 2019
607StudioAED 500K · Apr 2016
6081-bedAED 500K · Dec 2024
1–7 of 13

602, MAG 535 in numbers

  • Sold twice: first on 28 September 2016 for AED 525,555, last on 29 May 2024 for AED 525,000 (AED 787 per sqft).
  • Rented since March 2020 on 4 Ejari contracts, from AED 28,000 to AED 33,000 a year.
  • At AED 33,000 a year the gross yield on the 2024 price is 6.3%, before a service charge of about AED 10,200 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 29 May 2024.

Questions about 602, MAG 535

What did unit 602 last sell for?

AED 525,000 on 29 May 2024: AED 787 per sqft for 667 sqft. The unit has 2 registered sales; the first was AED 525,555 in September 2016.

What is the rent for unit 602?

AED 33,000 a year on the contract signed on 20 April 2023. The previous contract, from April 2022, was AED 28,000; the unit has been rented since March 2020.

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 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 602, MAG 535

Starts from the last sale price (AED 525K, 29 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 525,000
Deposit, UAE resident (20%)
AED 105,000
Deposit, non-resident (40%)
AED 210,000
Monthly over 25 years at 3.7%
AED 2,148

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →