1-bed · 665 sqftMAG 540, Dubai South · 4th floor · completed 2020

406, MAG 540

Sold prices and rental history: sold once, by the developer in June 2016, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 406 · DLD and Ejari recordsUpdated 4 January 2025

Last soldAED 561K7 June 2016

Current rentAED 58K /yr4 January 2025

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 406, MAG 540

Today

What is 406 worth today?

Last sold for AED 560,957 in 2016

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4 Jan 2025

4 Jan 2025RentedRenewal

AED 58,142/yr5 months · AED 87 per sqft

4 Jan 2024

4 Jan 2024RentedRenewal

AED 44,000/yr12 months · AED 66 per sqft

4 Jan 2023

4 Jan 2023RentedNew contract

AED 39,000/yr12 months · AED 59 per sqft

23 Dec 2021

23 Dec 2021RentedRenewal

AED 38,000/yr12 months · AED 57 per sqft

23 Dec 2020

23 Dec 2020RentedRenewal

AED 35,000/yr12 months · AED 53 per sqft

7 Jun 2016

7 Jun 2016Sold by developerOff-plan

AED 560,957AED 856 per sqft

Source: Dubai Land Department. Updated 4 January 2025.

Key facts

Type: 1-bed apartment
Size: 665 sqft
Floor: 4th of 6
Parking: G-49
Developer: MAG
Completed: 2020
Service charge: AED 10,400 /yr
Last sold: AED 561K · June 2016
Building: MAG 540

About 406, MAG 540

406 is a one-bedroom apartment of 665 sqft on the 4th 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 560,957, or AED 856 per sqft, in line with the AED 856 one-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, renewed on 4 January 2025, is AED 58,142 a year: a gross yield of 10.4% on the 2016 price, before the service charge of about AED 10,400 a year.

Sales and rents for 406 over time

Sales

Unit 406, each saleTypical one-bed in MAG 540

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

Rents

Unit 406, each contractTypical one-bed in MAG 540

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 406 sits

All 45 1-beds →

MAG 540 · all types986 /sqft

406 last sold in June 2016 at AED 856 per sqft, in line with what one-beds in MAG 540 were fetching at the time (AED 856). 406's AED 58,142 is in the upper half of that range.

Recent 1-bed sales	Size	Price (AED)	Per sqft
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

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 4th floor

All 85 units in MAG 540


401	2-bed	1,039 sqft	AED 700KAED 700,000 · Oct 2023October 2023	75,000 /yr
402	1-bed	665 sqft	AED 680KAED 680,000 · Apr 2025April 2025	63,000 /yr
403	Studio	476 sqft	AED 401KAED 400,555 · Jul 2016July 2016	26,000 /yr
404		640 sqft	AED 730KAED 730,000 · Sep 2025September 2025	55,946 /yr
405	2-bed	1,005 sqft	AED 699KAED 698,608 · Sep 2022September 2022	80,000 /yr
407	Studio	476 sqft	AED 396KAED 395,555 · Jul 2016July 2016	18,000 /yr
408	1-bed	640 sqft	AED 467KAED 466,820 · Dec 2022December 2022	44,000 /yr
409	1-bed	640 sqft	AED 552KAED 552,000 · Jul 2016July 2016	35,200 /yr
410	1-bed	638 sqft	AED 549KAED 549,000 · Jun 2016June 2016	64,000 /yr
411	1-bed	636 sqft	AED 552KAED 552,000 · Jul 2016July 2016	47,000 /yr
412	1-bed	638 sqft	AED 549KAED 549,000 · Jun 2016June 2016	77,333 /yr
413	2-bed	963 sqft	AED 1.05MAED 1,050,000 · Jan 2024January 2024	150,000 /yr
414	2-bed	963 sqft	AED 770KAED 770,000 · Apr 2018April 2018	47,000 /yr

1–7 of 13

406, MAG 540 in numbers

Sold once: by MAG on 7 June 2016 for AED 560,957, or AED 856 per sqft.
Rented since December 2020 on 5 Ejari contracts, from AED 35,000 to AED 58,142 a year.
At AED 58,142 a year the gross yield on the 2016 price is 10.4%, before a service charge of about AED 10,400 a year (AED 15.65 per sqft).

Source: Dubai Land Department. Updated 4 January 2025.

Questions about 406, MAG 540

What did unit 406 last sell for?

AED 560,957 on 7 June 2016, sold by the developer: AED 856 per sqft for 665 sqft. It is the only registered sale of the unit.

What is the rent for unit 406?

AED 58,142 a year on the contract renewed on 4 January 2025. The previous contract, from January 2024, was AED 44,000; the unit has been rented since December 2020.

How big is unit 406?

665 sqft (61.8 sqm): a one-bedroom apartment on the 4th floor of a 6-storey tower completed in 2020.

What is unit 406 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 406, MAG 540

Starts from the last sale price (AED 561K, 7 June 2016). Switch to today's estimate once you have unlocked it.

Price: AED 560,957
Deposit, UAE resident (20%): AED 112,191
Deposit, non-resident (40%): AED 224,383
Monthly over 25 years at 3.7%: AED 2,295

Plus AED 28,570 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →