108, MAG 540
Sold prices and rental history: sold once, by the developer in June 2016, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 108, MAG 540
What is 108 worth today?
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Source: Dubai Land Department. Updated 5 December 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 640 sqft
- Floor
- 1st of 6
- Parking
- G-08
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 10,000 /yr
- Last sold
- AED 546K · June 2016
- Building
- MAG 540
About 108, MAG 540
108 is a one-bedroom apartment of 640 sqft on the 1st floor of MAG 540, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 7 June 2016 for AED 545,957, or AED 853 per sqft, in line with the AED 856 one-beds in the building were fetching at the time.
It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, renewed on 5 December 2024, is AED 52,277 a year: a gross yield of 9.6% on the 2016 price, before the service charge of about AED 10,000 a year.
Sales and rents for 108 over time
108 has sold once; 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 540, and where 108 sits
All 45 1-beds →108 last sold in June 2016 at AED 853 per sqft, in line with what one-beds in MAG 540 were fetching at the time (AED 856). 108's AED 52,277 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 25 Jun 202525 June 2025 | 640 sqft | 700,000 | 1,093 | ||
| 22 Jun 202522 June 2025 | 641 sqft | 640,000 | 998 | ||
| 18 Jun 202518 June 2025 | 665 sqft | 700,000 | 1,051 | ||
| 12 Jun 202512 June 2025 | 638 sqft | 645,000 | 1,011 |
MAG 540
Building85 apartments, studios to 3-bed over 6 floors in Dubai South, completed in 2020 by MAG. 1 sold in the last 12 months.
- Typical price per sqft
- AED 986
- Typical sale
- AED 950K
- Typical rent
- AED 58K /yr
- Typical yield
- 8.9%
Other units on the 1st floor
All 85 units in MAG 540| ValueToday's value | |||||
|---|---|---|---|---|---|
| 101 | 2-bed | 1,039 sqft | No registered sale | 75,000 /yr | |
| 102 | 1-bed | 665 sqft | AED 551KAED 550,957 · Jun 2016June 2016 | 62,664 /yr | |
| 103 | Studio | 476 sqft | AED 270KAED 270,000 · Mar 2023March 2023 | 48,000 /yr | |
| 104 | 1-bed | 640 sqft | AED 610KAED 610,000 · Jun 2024June 2024 | 33,000 /yr | |
| 105 | 2-bed | 1,005 sqft | No registered sale | 75,000 /yr | |
| 106 | 1-bed | 665 sqft | AED 551KAED 550,957 · Jun 2016June 2016 | 49,000 /yr | |
| 107 | Studio | 476 sqft | AED 381KAED 380,555 · Jul 2016July 2016 | 34,000 /yr | |
| 109 | 1-bed | 640 sqft | AED 549KAED 549,000 · May 2016May 2016 | 40,000 /yr | |
| 110 | 1-bed | 638 sqft | AED 549KAED 549,000 · Jun 2016June 2016 | 76,000 /yr | |
| 111 | 1-bed | 636 sqft | AED 549KAED 549,000 · May 2016May 2016 | 30,000 /yr | |
| 112 | 1-bed | 638 sqft | AED 685KAED 685,000 · Jun 2025June 2025 | 52,000 /yr | |
| 113 | 2-bed | 963 sqft | AED 694KAED 694,000 · Jun 2018June 2018 | ||
| 114 | 2-bed | 963 sqft | No registered sale | 75,000 /yr |
108, MAG 540 in numbers
- Sold once: by MAG on 7 June 2016 for AED 545,957, or AED 853 per sqft.
- Rented since March 2021 on 5 Ejari contracts, from AED 33,000 to AED 52,277 a year.
- At AED 52,277 a year the gross yield on the 2016 price is 9.6%, before a service charge of about AED 10,000 a year (AED 15.65 per sqft).
Source: Dubai Land Department. Updated 5 December 2024.
Questions about 108, MAG 540
What did unit 108 last sell for?
AED 545,957 on 7 June 2016, sold by the developer: AED 853 per sqft for 640 sqft. It is the only registered sale of the unit.
What is the rent for unit 108?
AED 52,277 a year on the contract renewed on 5 December 2024. The previous contract, from December 2023, was AED 42,000; the unit has been rented since March 2021.
How big is unit 108?
640 sqft (59.5 sqm): a one-bedroom apartment on the 1st floor of a 6-storey tower completed in 2020.
What is unit 108 worth today?
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Mortgage on 108, MAG 540
Starts from the last sale price (AED 546K, 7 June 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 545,957
- Deposit, UAE resident (20%)
- AED 109,191
- Deposit, non-resident (40%)
- AED 218,383
- Monthly over 25 years at 3.7%
- AED 2,234
Plus AED 27,940 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →