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1-bed · 665 sqftMAG 540, Dubai South · 2nd floor · completed 2020

202, MAG 540

Sold prices and rental history: sold twice, last in May 2022, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 202 · DLD and Ejari recordsUpdated 8 January 2023
Last soldAED 390K27 May 2022
Current rentAED 35K /yr8 January 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 202, MAG 540

What is 202 worth today?

Last sold for AED 390,000 in 2022

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8 Jan 2023RentedNew contract
AED 35,000/yr12 months · AED 53 per sqft
27 May 2022SoldReady
AED 390,000AED 586 per sqft
4 Nov 2021RentedNew contract
AED 27,000/yr12 months · AED 40 per sqft
1 Oct 2019RentedNew contract
AED 32,000/yr12 months · AED 48 per sqft
21 Apr 2016Sold by developerOff-plan
AED 500,000AED 763 per sqft

Source: Dubai Land Department. Updated 8 January 2023.

Key facts

Type
1-bed apartment
Size
665 sqft
Floor
2nd of 6
Parking
G-16
Developer
MAG
Completed
2020
Service charge
AED 10,400 /yr
Last sold
AED 390K · May 2022
Building
MAG 540

About 202, MAG 540

202 is a one-bedroom apartment of 665 sqft on the 2nd floor of MAG 540, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 27 May 2022 for AED 390,000, or AED 586 per sqft, in line with the AED 586 one-beds in the building were fetching at the time.

It has been rented since 2019 on 3 Ejari contracts. The current contract, signed on 8 January 2023, is AED 35,000 a year: a gross yield of 9.0% on the 2022 price, before the service charge of about AED 10,400 a year.

Sales and rents for 202 over time

Sales
Unit 202, each saleTypical one-bed in MAG 540
400K600K2016201920222025Typical sale price by year: 2016 AED 549,000; 2022 AED 423,742; 2023 AED 445,000; 2024 AED 600,000; 2025 AED 680,000Sold by developer, April 2016: AED 500,000 (AED 763 per sqft)Sold, May 2022: AED 390,000 (AED 586 per sqft)

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

Rents
Unit 202, each contractTypical one-bed in MAG 540
20K40K60K20192021202320252027Typical rent by year: 2019 AED 30,000; 2020 AED 33,000; 2021 AED 30,000; 2022 AED 34,000; 2023 AED 38,000; 2024 AED 44,000; 2025 AED 58,142; 2026 AED 68,000New contract, October 2019: AED 32,000 a yearNew contract, November 2021: AED 27,000 a yearNew contract, January 2023: AED 35,000 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 540, and where 202 sits

All 45 1-beds →

202 last sold in May 2022 at AED 586 per sqft, in line with what one-beds in MAG 540 were fetching at the time (AED 586). 202's AED 35,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
25 Jun 2025700,000
22 Jun 2025640,000
18 Jun 2025700,000
12 Jun 2025645,000
0 1-bed sales in the last 12 months

MAG 540

Building

85 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%
MAG 540, Dubai South: prices, sales and rents →

Other units on the 2nd floor

All 85 units in MAG 540
Value
2012-bedAED 850K · Apr 2024
203StudioAED 275K · Sep 2022
2041-bedAED 546K · Jun 2016
2052-bedAED 750K · Aug 2022
2061-bedAED 400K · Jun 2021
207StudioAED 270K · Sep 2022
2081-bedAED 551K · Jun 2016
1–7 of 13

202, MAG 540 in numbers

  • Sold twice: first on 21 April 2016 for AED 500,000, last on 27 May 2022 for AED 390,000 (AED 586 per sqft).
  • Rented since October 2019 on 3 Ejari contracts. The rent fell from AED 32,000 to AED 27,000 in 2021 and recovered to AED 35,000 by January 2023.
  • At AED 35,000 a year the gross yield on the 2022 price is 9.0%, before a service charge of about AED 10,400 a year (AED 15.65 per sqft).

Source: Dubai Land Department. Updated 8 January 2023.

Questions about 202, MAG 540

What did unit 202 last sell for?

AED 390,000 on 27 May 2022: AED 586 per sqft for 665 sqft. The unit has 2 registered sales; the first was AED 500,000 in April 2016.

What is the rent for unit 202?

AED 35,000 a year on the contract signed on 8 January 2023. The previous contract, from November 2021, was AED 27,000; the unit has been rented since October 2019.

How big is unit 202?

665 sqft (61.8 sqm): a one-bedroom apartment on the 2nd floor of a 6-storey tower completed in 2020.

What is unit 202 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 202, MAG 540

Starts from the last sale price (AED 390K, 27 May 2022). Switch to today's estimate once you have unlocked it.
Price
AED 390,000
Deposit, UAE resident (20%)
AED 78,000
Deposit, non-resident (40%)
AED 156,000
Monthly over 25 years at 3.7%
AED 1,596

Plus AED 19,290 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →